“The draft law on imposing a moratorium on uranium mining in Kyrgyzstan is initially clear and short to avoid some interpretations and loopholes,” MP Kanat Kerezbekov said at public hearings on May 7. According to him, this decision was made in order to avoid future extension of licenses for prospecting and exploration of uranium The…Details
Fitch Ratings has improved Metalloinvest ratings to BB+ with stable outlook from BB positive. The move reflects the strong operational profile of the company with the strategic focus on high-added value products, competitive position, considerable liquidity, and increase of financial indexes, as well as takes into account of the company progress in improving corporate management.…Details
In April, Ukraine produced almost 2.5 million tons of coal, down by 2% from the target. This has been reported by the Coal Miners Union of Ukraine with a reference to the data provided by the Energy and Coal Industry Ministry. “In April, coal mining enterprises of Ukraine of all forms of ownership produced 2,466,500…Details
Energomashspetsstal has shipped a large hammer frame to Germany.
The frame was shipped under the contract with LASCO Umformtechnik GmbH.
The weight of the frame is 61 tons.
This is the 17th hammer frame produced by EMSS for LASCO Umformtechnik GmbH.
The next frame will be shipped in October. (Ukrainian metal)
In 2018 Susumanzoloto, extracting gold in Murmansk region, decreased net profit by 30.1% YoY, to 1.261 billion rubles.
Revenue grew by 21.05%, to 16.217 billion rubles, including 16.075 billion from the sale of gold.
The company sold 6072.9 kg of gold last year as opposed to 5415 kg in 2017. (Ukrainian metal)
All the Electrozinc shops in Vladikavkaz have ceased operation activity, and all the machinery has been shut down. On October 21, 2018, Electrozinc suffered from fire on the territory of 4.5 thousand square meters. One fireman perished and two were injured. On December 14, 2018 the company announced it would be completely shut down. (Ukrainian…Details
In 2018 Poltava Mining and Processing Works increased net income by 10.3% YoY, to 22.472 billion UAH.
Net profit grew by 22.8%, to 5.237 billion UAH.
EBITDA went up by 0.7%, to 6.076 billion UAH.
Undistributed profit totaled 6.537 billion UAH. (Ukrainian metal)
In 2018 Marganets Mining and Processing Works received 163.2 million UAH of net profit, down 5-fold YoY.
EBITDA decreased 4.9-fold, to 203.387 million UAH.
Last year MGOK received 3.109 billion UAH of net profit, down by 15%.
Undistributed profit totaled 698.543 million UAH. (Ukrainian metal)
In January-March, Ukraine increased manganese ore imports by 50% QoQ, to 360 thousand tons.
In particular, Ghana supplied 76% of the ore (275.6 thousand tons), Russia – 16%, or 56.8 thousand tons and Georgia – 8%, or 28.5 thousand tons. (Ukrainian metal)
In January-March, Metalloinvest decreased pig iron output by 13.9% QoQ and by 5.3% YoY. The decrease has to do with repairs of blast furnaces and the drop in the domestic consumption. Steel output fell by 10.5% QoQ and by 4.2% YoY, to 1.2 million tons. The share of high-added value products in sales totaled 45.6%…Details
In January-March, Rusal decreased aluminum manufacture by 0.3% YoY, to 928 thousand tons. Siberian plants accounted for 93% of the aluminum manufactured. Sales totaled 989.6 thousand tons, with high-added value products sales down by 22.2%, to 259 thousand tons. Average price decreased by 7.8% QoQ, to $1949 per ton. Aluminum foil and packaging production dropped…Details
Prices of precious metals increased in Azerbaijan on May 6 compared to the prices of May 3. The price of gold grew by 17.765 manats, to 2,179.9610 manats per ounce. The price of silver went up by 0.3893 manats, to 25.2557 manats per ounce. The price of platinum increased by 20.3405 manats, to 1,466.4030 manats…Details
President of Kyrgyzstan Sooronbai Jeenbekov promised that uranium would not be mined in Kyrgyzstan. He stated this at a meeting with the judges of the Constitutional Chamber. “We must transfer to the next generation a unified society, a law-governed state. We have to preserve clean, green nature. Taking this opportunity, I want to say that…Details
In January-March, the largest sellers of gold were Uzbekistan with 6.2 tons, Mongolia – 3.4 tons, and Tajikistan – 1 ton, according to the latest report by the World Gold Council. The leader in the purchases of gold was Russia. In the first quarter of this year, the Central Bank of the Russian Federation purchased…Details
The price of one ounce of gold decreased by 22.5335 manats or by 1.03% last week in Azerbaijan. The average price of one ounce of gold stood at 2,174.4581 manats. The price of one ounce of silver dropped by 0.7198 manats or by 2.8%, to 25.2469 manats. The price of one ounce of platinum fell…Details
The salary debt to miners exceeds 400 million UAH.
“Recently a decision has been taken to transfer some funds from the state budget to clear the debt. I believe soon the wage arrears will be paid”, deputy minister of energy and coal industry Anatoly Korzun declared. (Ukrainian metal)
Kolmar will be the main coal shipper in Yakutia via railroad in 2019, as it intends to transport 6.8 million tons.
Thus, average monthly volumes will be 550 thousand tons.
Regional railways plan to transport 7.6 million tons of cargo this year, up by 38% YoY. Thus, Kolmar will account for 89.5%. (Ukrainian metal)
In January-March, Metalloinvest decreased iron ore output by 2.9% YoY and by 7.2% QoQ, to 9.6 million tons. The decrease has to do with the scheduled repair of machinery at Lebedinsky Mining and Processing Works, as well as the change in the quality of ore mined at LGOK and Mikhailovsky GOK. The manufacture of pellets…Details
ArcelorMittal Kriviy Rih has started the final stage of the bar mill No. 250-4 reconstruction. 90% of the machinery has already been assembled. The total cost of the project is $55 million. Danieli supplied all the equipment. The design capacity of the mill after reconstruction will reach 1.052 million tons of rebars per year. (Ukrainian…Details
Energomashspetsstal has received a new order to produce working rolls for Azovstal. The new order envisages the manufacture of 22 working rolls for the hot-rolling mills with the weight of 6 to 16 tons. The total weight of the rolls to be supplied is 182.4 tons. The rolls have to be delivered in Q2-Q3 and…Details
RZOTsM has assembled a pipe-drawing mill manufactured by Irkutsk Heavy Machinery Works.
The mill has been specifically designed for Revda Works to produce cold-drawn pipes with the diameter of 100 to 310 mm of copper and copper alloys.
All the assembly work has been completed. (Ukrainian metal)
In 2018 Yuzhkoks increased its net income by 33.9% YoY, to 4.536 billion UAH. Net profit totaled 23.516 million UAH as opposed to 5.363 million UAH of net losses in 2017. EBITDA grew 18-fold, to 29.715 million UAH. Undistributed profit as of late 2018 totaled 483.916 million UAH. The company current liabilities increased 14.1-fold, to…Details
In January-February metal companies decreased rolled metal consumption by 16.2% YoY, to 555.9 thousand tons. Imports accounted for 186.9 thousand tons, or 33.6%. In January-February 2018, the domestic market consumed 663.1 thousand tons of rolled metal, including 193.1 thousand tons, or 29.1% of imported metal. In 2 months Ukraine produced 3.08 million tons of rolled…Details
The shareholders of ArcelorMittal Kriviy Rih decided to spend all the profit of 2018 on the development of the company.
Last year the company increased its net profit almost 2-fold, or by 84.2%, to 9.51 billion UAH.
Net income grew by 3%, to 68 billion UAH. (Ukrainian metal)