The supervisory board of the Zaporozhye Aluminum Works has not prolonged the contract with the acting CEO Dmitry Lobikov appointing a board member Alexander Zaika instead. The decision was taken at the board meeting on January 30. Zaika was appointed from January 31. He has been appointed the acting CEO until the CEO is elected.…Details
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In 2018 Trubostal received 687 thousand UAH of net losses as opposed to 14.806 million UAH of net profit in 2017. The undistributed profit totaled 21.419 million UAH. The company current liabilities dropped by 4.2%, to 198.088 million UAH, while the long-term liabilities remained unchanged at 9 million UAH. Accounts receivable fell by 15.2%, to…Details
Azovstal is continuing the construction of a pump station to chemically treat water to cool blast furnace No. 3. The construction of the station started in November 2018. So far 370 tons of metal structures and 23 water pipelines (13.8 km) with the diameter of 300 to 426 mm have been assembled. “This is a…Details
Magnitogorsk Iron and Steel Works (MMK) invested around 500 million rubles into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018. One of the key tools of energy efficiency improvement is through the elaboration and implementation of relevant innovation proposals. Back in 2016, an Idea Management unit…Details
The prices of precious metals varied in Azerbaijan on March 13. The price of gold increased by 13.073 manats, to 2,217.667 manats per ounce compared to the price on March 12. The price of silver went up by 0.0567 manats, to 26.2427 manats per ounce. The price of platinum grew by 15.878 manats, to 1,419.908…Details
Rescuers have evacuated seven miners from the emergency section of the Karagailinskaya mine in the Prokopyevsky district of the Kemerovo region, where the rock collapsed, a representative of local emergency services reported. A total of 59 people were in the mine at the moment of collapse, including seven people on the emergency section. One miner…Details
The government of Uzbekistan has drawn up a plan of prospecting works to increase gold reserves from 2020 to 2024 by 474 tons. According to the plan, the gold reserves have to increase due to the opening and the further development of new gold deposits. As of the end of 2019 the gold reserve has…Details
In January-February Ukraine increased imports of copper and copper wares by 19.7% YoY, to $15.666 million. According to the State Fiscal Service, copper exports dropped by 62.6%, to $11.673 million. In February copper imports totaled $7.447 million and exports – $5.395 million. Nickel imports grew by 9.7%, to $15.794 million ($6.559 million in February), aluminum…Details
The damage done to Electrozinc by the fire in October 2018 totaled 6.2 billion rubles. The damage was calculated together with indirect economic losses. The fire broke out on October 21, 2018 and spread to 4.5 thousand square meters. One firefighter perished, two more people were injured. The reason of the fire was arson. (Ukrainian…Details
In January-February Amur region extracted 2675.8 kg of gold, down by 5.2% YoY. At present only ore gold is mined in the region. Alluvial gold extraction will start in April-May. 5 companies are engaged in gold mining, with Petropavlovsk in the lead. In particular, the company enterprises provided for 85% of the combined gold output.…Details
In 2018 Russky Ugol increased coal sales by 100 thousand tons. The coal mined in Amur region is supplied to the local market. In particular, the company sold 3.5 million tons of coal mined at the Yerkovetsky and Severo-Vostochniy pits. In 2017 sales were on the level of 3.4 million tons. (Ukrainian metal)Details
In February Ukraine exported 2.851 million tons of iron ore raw materials valued at $228.6 million, down by 9.8% and by 2.5% YoY respectively. According to the State Fiscal Service, the share of iron ore in the exports was 5.82%. Ukraine supplied $76.8 million worth of ore to China, $65 million to Poland and $62.2…Details
In January Russia exported 3.355 million tons of ferrous metals, down by 1.1% YoY. According to the Federal Customs Service, steel semi-finished products accounted for 1.306 million tons, up by 9.3% YoY. Flat rolled metal exports dropped by 10.5%, to 0.652 million tons. In monetary terms ferrous exports decreased by 6.6%, to $1.567 billion, with…Details