The salary debt to miners exceeds 400 million UAH. “Recently a decision has been taken to transfer some funds from the state budget to clear the debt. I believe soon the wage arrears will be paid”, deputy minister of energy and coal industry Anatoly Korzun declared. (Ukrainian metal)Details
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Kolmar will be the main coal shipper in Yakutia via railroad in 2019, as it intends to transport 6.8 million tons. Thus, average monthly volumes will be 550 thousand tons. Regional railways plan to transport 7.6 million tons of cargo this year, up by 38% YoY. Thus, Kolmar will account for 89.5%. (Ukrainian metal)Details
In January-March, Metalloinvest decreased iron ore output by 2.9% YoY and by 7.2% QoQ, to 9.6 million tons. The decrease has to do with the scheduled repair of machinery at Lebedinsky Mining and Processing Works, as well as the change in the quality of ore mined at LGOK and Mikhailovsky GOK. The manufacture of pellets…Details
ArcelorMittal Kriviy Rih has started the final stage of the bar mill No. 250-4 reconstruction. 90% of the machinery has already been assembled. The total cost of the project is $55 million. Danieli supplied all the equipment. The design capacity of the mill after reconstruction will reach 1.052 million tons of rebars per year. (Ukrainian…Details
Energomashspetsstal has received a new order to produce working rolls for Azovstal. The new order envisages the manufacture of 22 working rolls for the hot-rolling mills with the weight of 6 to 16 tons. The total weight of the rolls to be supplied is 182.4 tons. The rolls have to be delivered in Q2-Q3 and…Details
RZOTsM has assembled a pipe-drawing mill manufactured by Irkutsk Heavy Machinery Works. The mill has been specifically designed for Revda Works to produce cold-drawn pipes with the diameter of 100 to 310 mm of copper and copper alloys. All the assembly work has been completed. (Ukrainian metal)Details
In 2018 Yuzhkoks increased its net income by 33.9% YoY, to 4.536 billion UAH. Net profit totaled 23.516 million UAH as opposed to 5.363 million UAH of net losses in 2017. EBITDA grew 18-fold, to 29.715 million UAH. Undistributed profit as of late 2018 totaled 483.916 million UAH. The company current liabilities increased 14.1-fold, to…Details
In January-February metal companies decreased rolled metal consumption by 16.2% YoY, to 555.9 thousand tons. Imports accounted for 186.9 thousand tons, or 33.6%. In January-February 2018, the domestic market consumed 663.1 thousand tons of rolled metal, including 193.1 thousand tons, or 29.1% of imported metal. In 2 months Ukraine produced 3.08 million tons of rolled…Details
The shareholders of ArcelorMittal Kriviy Rih decided to spend all the profit of 2018 on the development of the company. Last year the company increased its net profit almost 2-fold, or by 84.2%, to 9.51 billion UAH. Net income grew by 3%, to 68 billion UAH. (Ukrainian metal)Details
State coalmining enterprises and mines managed by the Ministry of energy and coal industry in 2018 received a consolidated loss of 2.69 billion UAH, down by 16.5% YoY. In particular, Lvivugol, which mined 1.413 million tons of coal, received 457 million UAH of net loss, up 3.1-fold YoY, and 791.99 million UAH of net income,…Details
During underground work three people were injured at the Yubileynaya mine of Sukhaya Balka in Krivoy Rog. The help of the rescuers was not needed, as the colleagues of the miners were able to repair the machinery and brought them to the surface. All the three miners suffered from the electric shock. (Ukrainian metal)Details
Canadian company Centerra Gold Inc. announced results of elections of its Board of Directors. There are 3 representatives of Kyrgyzstan among 11 people. Dushen Kasenov and Maksat Kobonbaev became new members of the Board of Directors from Kyrgyzstan. In addition, Askar Oskombaev remained in the Board of Directors. The Board of Directors of Centerra Gold…Details
“We conduct rehabilitation and reclamation of tailings only at the expense of international donors,” the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov said at a meeting of the Parliament. At least 94 million soms of budget funds have been spent on maintenance of tailing dumps. Planned expenses are 134 million soms. “Previously, 3 million…Details