The mines of the state enterprise Lvivugol, the employees of which announced a strike earlier in the month, have partially resumed their work. Late on June 14, Lvivugol received the first 30 million UAH. Another 80 million are expected today for the coal sold. All the money will be spent to pay salary. At the…Details
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A new batch of rolls has been shipped by Energomashspetsstal to its long-time customer in the city of Mariupol. The contract to supply equipment with Mariupol Ilyich Iron and Steel Works was concluded in November 2018. 9 rolls with the combined weight of 250 tons have been shipped, including a bulk roll weighing 120 tons…Details
In January-April Kazakhstan mined 1.3 million tons of aluminum ores, down by 22% YoY. Raw aluminum manufacture dropped by 9%, to 528.7 thousand tons. Pavlodar region accounted for 99% of the output, as the Kazakhstan Electrolysis Plant is situated there. In Q1, raw aluminum exports decreased by 31.2%, to 212.7 thousand tons, while sales on…Details
Since the start of the alluvial gold extraction season, Maristy LLC, operating in Amur region, has obtained 88 kg of gold, up 1.9-fold YoY. As of June 1, 2018, the yield was 47.4 kg. The company has been increasing gold output. Thus, while in 2016 it extracted 411.3 kg of gold, last year the result…Details
As of June 1, Magadan region has yielded 12793 kg of gold and 276.1 tons of silver. Gold output grew by 4429.8 kg YoY, while silver dropped by 21.7 tons. Tenkinskiy city district was the leader in ore gold output (7892.3 kg). Alluvial gold extraction totaled 1622.7 kg with Yagodinsky city district contributing the most…Details
The President representative in the Cabinet of Ministers Andrei Gerus stated that the issue of clearing salary debts to Lvivugol state enterprise had almost been settled. “Today Lvivugol will receive money for fuel, and tomorrow all the debts for February-April will be cleared”, he declared. According to him, the situation at the Volynugol is also…Details
Gold production on Russia’s Chukotka peninsula rose by 4.4 tons YoY, to 12.8 tons as of June 18, the regional government said in a statement. The Tenkinsky district of the region was the leader with 7.9 tons, the Severo-Evensky produced about 1.2 tons, and the Srednekansky 1.1 tons. Alluvial gold output started in May. The…Details
In January-May Ukraine increased metal cargo transportation via the Dnepr River by 39.4% YoY, to 441.5 thousand tons. In May, 210.4 thousand tons were transported, almost as much as during January-April. Last year metal companies transported 1.29 million tons of cargo via the Dnepr River, up by 6.7% YoY. (Ukrainian metal)Details
In January-May Ukraine decreased ferrous metals exports via its seaports by 3.7% YoY, to 6.6 million tons. According to the Ukrainian Administration of Sea Ports, pig iron exports dropped by 30.1%, to 934.7 thousand tons, rolled metal – by 1.8%, to 4 million tons, and scrap – by 24.9%, to 24 thousand tons. At the…Details
In May Kazakhstan produced 0.407 million tons of steel, down by 0.2% YoY. According to the Ministry of the National Economy, in January-May steel output dropped by 0.2%, to 1.931 million tons. Flat rolled metal manufacture went down by 10.1%, to 0.234 million tons, with 5 months results down by 34.4%, to 0.836 million tons.…Details
Magnitogorsk Iron and Steel Works (“MMK”), one of the largest steel suppliers in Russia rated Baa2 (Moody’s) / BBB (Fitch) / BBB- (S&P), returned to the international market after more than 15 years with a successful placement of 5-year $500-million Eurobonds with an annual coupon rate of 4.375% payable semi-annually. The proceeds of the issue…Details
NLMK Group, a global steel company, and venture capital firm Fort Ross Ventures, a partner of Sberbank, have penned an agreement to cooperate to support innovations. Under the agreement, Fort Ross Ventures will provide NLMK Group with information on projects related to the Internet of Things, artificial intelligence technologies, cyber-security, cloud technologies, etc., that will…Details