Zaporizhstal investment in the rolling stock modernization is 50 million UAH. “The shortage of the rolling stock is one of the issues for the whole Ukrainian industry, which has not been solved by the government after so many years. We have found an economically viable solution for ourselves, when we remotorized our first locomotive back…Details
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Kyrgyzaltyn company announced a competitive selection of two candidates for independent members of the Board of Directors of Centerra Gold, nominated by the Kyrgyz side. The competitive selection will be held in two stages. At the first stage, an interdepartmental commission will estimate the applications submitted and select the most suitable candidates. At the second,…Details
In 2018 Ukraine increased coal imports by 10.6% YoY, to $3035.34 million, while exports dropped by 91.8%, to $8.649 million. According to the State Fiscal Service, in December 2018 coal imports grew by 27.8% YoY, to $341.87 million, while exports fell by 99.7%, to $0.022 million. Last month Ukraine mostly imported coal from Russia ($154.03…Details
A lethal accident has occurred at the Mariupol Ilyich Iron and Steel Works. As a result of the fall of a ferroconcrete slab one employee perished and another was injured. “The subcontractors were making repairs at an industrial site at the height of 18 meters. As a result of the slab fall, a worker died”,…Details
This year Rusolovo intends to reach the annual output of 2.36 thousand tons of tin by increasing capacity. For this the company will have to process 415 thousand tons of ore. If the annual target is reached, the output will grow 1.6-fold YoY. Last year the company produced 1509 tons of tin concentrate, up by…Details
In 2018 the pipe works named after Makarov “Profil-Akras” manufactured over 122 thousand tons of pipes and shipped 124 thousand tons. The results were below those of the previous year. According to the company, 2018 was difficult both for the employees and customers. The market price fluctuations affected sales and purchase planning. Dealer project suffered…Details
In 2018 Nikopol Ferroalloy Plant produced 788.9 thousand tons of ferroalloys, up by 3.6% YoY. In particular, the manufacture of silicomanganese grew by 7.1%, to 735.69 thousand tons, and of other ferroalloys – 9.3-fold, to 13.1 thousand tons. At the same time the production of ferromanganese decreased by 45.4%, to 40.14 thousand tons. (Ukrainian metal)Details
Ukraine has prolonged the moratorium to bankrupt and block accounts of the state coal enterprises till January 1, 2022. Had the parliament not made such a decision, from early 2019 the whole operation of the state coal mining enterprises would have been blocked. This would have endangered the whole state sector of the coal industry…Details
Uzbekistan and India have signed an agreement on long-term uranium supplies. President of Uzbekistan Shavkat Mirziyoyev and Prime Minister of India Narendra Modi held a meeting in the framework of the Dynamic Gujarat International Summit on January 18. “Uzbekistan jointly with Indian partners will create a technopark of advanced information technologies in Tashkent and a…Details
The prices of precious metals decreased in Azerbaijan. The price of gold dropped by 18.1135 manats, to 2,178.312 manats per ounce on January 21 compared to the price on January 18. The price of silver fell by 0.4028 manats, to 26.0235 manats per ounce. The price of platinum went down by 23.4855 manats, to 1,359.575…Details
Uzbekistan will create a unified state enterprise for extraction and processing of uranium in the near future. The state enterprise will be organized using the Navoi Mining and Metallurgical Combine’s assets. Nowadays, Navoi MMC ranks seventh in uranium mining and production of nitrous oxide in the world. It is the sole operator in Uzbekistan engaged…Details
The State Duma committee on budget and taxes has provided for the first reading a draft law to stimulate the mining of rare earth metals. It will also help develop Yakutia economy. The draft law presupposes decreasing tax on the mining of natural resources when extracting rare earth metals. The bill could come into effect…Details
In 2018 Gornyak-1 LLC mined 1.311 million tons of coal in Sakhalin region, down by 4% YoY. The company operated at 4 license sites. The Khandansinskiy-Semirechenskiy site of the Pobedinskaya field yielded the most coal – 826.2 thousand tons. 378.8 thousand tons were mined at the Ivanovskiy site of the Gornozavodskoye deposit. The Gradskiy site…Details