Brazil, China, Japan, Canada, USA and Austria, as well as domestic companies with foreign investments are interested in mining lithium, cobalt, nickel and manganese ore in Ukraine. “This mining is not really high in Ukraine, but EU has become interested in Ukraine, as there is a problem of supplies of important raw materials”, the State…Details
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The quota for the delivery of metal to EU countries will be in effect for 95 days. As of March 27, Ukraine has fulfilled 93.66% of the hot-rolled flat metal quota (1.2 million tons delivered), 51% of cold-rolled flat metal (52.1 thousand tons), plates – 25.93% (88 thousand tons), rebars – 60.29% (37.7 thousand tons),…Details
In 2018 Priisk Solovievsky, extracting gold in Amur and Zabaikalye regions, received 8.454 billion rubles of revenue, up by 28% YoY. Net profit grew by 15%, to 2.462 billion rubles. The improvement of financial indexes has to do with the growth of sales profit. Thus, while in 2017 the company sold 6.544 billion worth of…Details
Karabashmed is finishing a large-scale modernization of the converter site at the metallurgical shop. The last of the three Kumera converters has been assembled. All the work is expected to be finished in Q2. At the same time in the sulfuric acid shop the company is assembling 4 new moist electric filters. (Ukrainian metal)Details
In January-February Ferrexpo exported 1758.3 thousand tons of iron ore pellets. In particular, Poltava GOK shipped 1470.3 thousand tons and Yeristovo GOK – 288 thousand tons. Metalloinvest (Russia) exported 959.3 thousand tons of pellets, including Mikhailovsky GOK – 816.7 thousand tons and Lebedinsky GOK – 142.6 thousand tons. Metinvest shipped 715.4 thousand tons of pellets…Details
In February Ukraine exported 435.9 thousand tons of semi-finished carbon steel products valued at $181.03 million, down 2-fold YoY. The share of the semis exports in the total foreign trade of Ukraine amounted to 6.9%. Half of semis were exported to Italy and Egypt (36.8 thousand tons and 54.6 thousand tons). Indonesia imported 7.3 thousand…Details
The government has discussed the state program of industrial and innovative development for 2015-2019. The share of the processing industry in the GDP structure increased from 10.1% to 11.6%. Last year two major projects were carried out – the Bakyrchikskoye Mining Enterprise and the Sary-Arka Copper Processing Company were put into operation. This year it…Details
In 2018 Kirov Non-Ferrous Metals Processing Works received 154.8 million rubles of net losses, up 6-fold YoY. At the same time, in 2016 the company received 130 million rubles of net profit. Revenue last year totaled 9.16 billion rubles, up by 4%. Sales profit dropped more than 3-fold, to 57 million rubles. (Ukrainian metal)Details
Stoilensky, the second largest producer of iron ore concentrate in Russia, has signed a development contract with the Finnish company Outotec to increase the pelletizing plant’s installed capacity by a third – from 6 million tons to 8 million tons of pellets per year. Under the contract, Outotec experts will design, supply main equipment and…Details
The U.S. Court of International Trade has upheld an earlier decision to apply a 184.56% duty on imports by Russian steel producer Severstal, Bloomberg reported on March 28, citing the court decision. The U.S. Commerce Department slapped the duty on hot-rolled and sheet-rolled steel imported by Severstal between December 2014 and November 2015. The authority…Details
International rating agency S&P Global Ratings (S&P) has placed B+ long-term ratings of pipe producer TMK in foreign and local currency on the list for possible upgrade, the agency said in a statement. The rating decision followed the announcement of a sale of TMK’s affiliate in the U.S. IPSCO Tubulars. (Prime/Ukrainian metal)Details
Central Asian Uranium Company will invest in Kara-Balta Mining Plant OJSC (KBMP) and uranium mining at Kyzyl-Ompol deposit. Representative of Russian shareholders Andrey Akimov, General Director of KBMP Daniyar Isakov and Vladimir Popov, the main shareholder of the Central Asian Uranium Company, announced at the Kyrgyz-Russian Interregional Conference. According to them, with the support of…Details