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The Finance Ministry will spend 300 million UAH to pay salaries to state miners until the end of the year. According to the finance minister Oksana Markarova, it is necessary to review the state mines financing system. “There is a systemic problem in the industry – a small number of mines on the verge of…
DetailsIn January-September Interpipe increased revenue by 5% YoY, to $863 million. Revenue from the sales of railroad products grew by 36%, to $297 million, mostly thanks to the CIS market. At the same time pipe sales revenue dropped by 7%, to $535 million, mostly due to the decrease in the OCTG sector by 27%. EBITDA…
DetailsChelyabinsk Iron and Steel Works has completed capital repair of one of its three blast furnaces. The modernized blast furnace No. 4 with gas-purification equipment is being commissioned. The repair started in July. The builders have completely disassembled old machinery, replaced refractory lining and assembled new gas-purification system. (Ukrainian metal)
DetailsThe prospecting company Azarga Metals Corp. intends to invest some $187 million in the development of the Unkur copper deposit in Zabaikalye region. The company started inspecting the deposit in 2015. The reserves were estimated at 62 million tons of ore with a 53% of copper content and silver content of 38.6 g per ton.…
DetailsIn October Russia exported 10.2 thousand tons of secondary aluminum, up by 22% MoM and by 31% YoY. Deliveries to Japan grew by 23%, to 7.5 thousand tons. Exports to Cyprus dropped by 26%, to 930 tons. In 10 months exports totaled 93.7 thousand tons, up by 53% YoY. In monetary terms since the start…
DetailsIn 2019 Kazakhstan intends to mine 22,742 tons of uranium, up by 5% YoY. Kazakhstan accounts for almost 40% of the global uranium output. At the same time, prices on the uranium market are low, so Kazakhstan tries to produce high-added value goods. In particular, Ulbinsky Iron and Steel Works will produce fuel assemblies for…
DetailsIn January-November Zaporozhye Iron Ore Complex increased ore output by 2.3% YoY, to 4.27 million tons. In November the enterprise produced 398.9 thousand tons of ore with the iron content of 60.86%. Sales in 11 months reached 4.455 million tons. In 2018 ZZhRK mined 4.552 million tons of ore, up by 1.1% YoY, with the…
DetailsIn October Russia exported 7.2 thousand tons of ferromanganese, down by 17.3% MoM, but up by 52% YoY. Deliveries to the Netherlands decreased by 53%, to Belarus by 6% and to Ukraine by 29%, to 1.1 thousand tons, 218 tons and 365 tons respectively. Ferromanganese was not exported to Canada, Turkey and Mongolia at all.…
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