In 2018 Pokrovskoye Mine Group, the largest manufacturer of coking coal in Ukraine, received 1.077 billion UAH of net losses as opposed to net profit of 2.008 billion UAH in 2017. Negative EBITDA was 1.336 billion UAH, as opposed to EBITDA of 1.968 billion UAH in 2017. Net income fell by 21.1%, to 7.267 billion…Details
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Rally against development of Tash-Bulak uranium deposit has been held in Balykchi town. About 200 people reportedly participated in the rally. According to their data, the court prohibited activists from marching from Balykchi to Bishkek. They were allowed to hold only the protest. However, activists still claim that they will march to the capital. YurAsia…Details
According to the agreement between UGMK and the regional authorities, on April 30, Electrozinc will shut down its rotary shop and hydrometallurgical shop that have been operating since December 2018 on unloading the unfinished production. The work to prepare the manufacturing capacities of Electrozinc for shut down has been complete. 23 thousand tons of sulfide…Details
In January-March, consolidated steel output by Evraz enterprises grew by 12.4% QoQ, to 3.5 million tons. The increase has to do with the growth of pig iron output following the capital repairs of the blast furnace No. 3 at Evraz ZSMK last year. Steel sales increased by 8.4%, with semi-finished products sales up by 29%.…Details
13 bodies of miners have been taken to the surface from the Skhidcarbon mine on the territory of the so-called Lugansk People’s Republic, a terrorist organization created and controlled by Russia. 4 more bodies remain lost. On April 25-26, the rescuers brought to the surface bodies of 5 miners, and then at the depth of…Details
In January-March, Zaporozhye Ferro Alloys Plant increased output by 13.6% YoY, to 67.3 thousand tons. In particular, silicomanganese manufacture grew by 18.2%, to 34.23 thousand tons, ferrosilicon – by 12%, to 21.9 thousand tons, and ferromanganese – by 6.6%, to 9.33 thousand tons. At the same time, the output of metallic manganese decreased by 6.6%,…Details
A document about revocation of a license for exploration of uranium in Issyk-Kul region was posted on the Internet. Users asked why the official letter was printed on crumpled paper and had no stamp. The document is dated April 27. The First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov, however, announced the revocation of the…Details
Kazakhstan: 1,500 people to be employed after commissioning of Pavlodar Electrolysis Plant second phase
President of Kazakhstan Kassym-Jomart Tokayev puts high hopes on construction of the second phase of Pavlodar-based Electrolysis Plant. “This project will enable us to attract 150 billion tenge of investments till 2023 and aluminum production will rise 2-fold,” Kassym-Jomart Tokayev said at the meeting with the staff of the plant. In his words, up to…Details
Ukraine is investigating whether a charitable foundation set up primarily to coordinate London-listed Ferrexpo Plc’s philanthropic activities was used to launder money and evade taxes. Officials of Blooming Land Charitable Foundation abused their powers to seek “illicit benefits”, damaging state interests, a Ukraine prosecutor said in a court filing in Kyiv in February. Blooming Land…Details
In January-March, Ukrzaliznytsia (Ukrainian Railways) increased metal cargo transportation by 0.4% YoY, to 24.1 million tons. In particular, transportation of scrap dropped by 27.9%, to 500 thousand tons, of ferrous metals – by 5.4%, to 5 million tons, and coke – by 10.6%, to 1.1 million tons. At the same time, transportation of iron and…Details
At least 29,286 people have signed a petition against a project on development of Tash-Bulak field in Issyk-Kul region in a week. The collection of signatures continues. The author of the petition is Alena Khomenko. She invited everyone to sign the online petition. In just a couple of days, 15,000 people signed the online document.…Details
In 2018 Ukrainian Mining and Metallurgical Company decreased net income by 44.6% YoY, to 1.736 billion UAH. Last year the company received a net loss of 102.747 million UAH as opposed to 149.255 million UAH of net profit in 2017. The decrease in financial indexes is caused by a long-term decrease of rolled metal price…Details
Severstal and the Luxembourg pipe manufacturer Tenaris have applied to the European Commission to approve a deal to create a joint venture. The new company will produce seamless pipes for the oil industry in the town of Surgut. The JV has been registered in Singapore. The share of Severstal will be 51%, and of Tenaris…Details