Uzbekistan: coal prices to be optimized

While discussing the coal industry development, the President of Uzbekistan ordered the Ministry of Finances and Energy to optimize coal prices in order to improve the industry profitability and cover investment expenses. Even with the high potential of the coal deposits, the plans to mine coal have not been met lately. The technical and technological…


Ukraine: Energy Ministry to buy Poland mining machinery

The Ministry of Energy and Coal Industry is studying the possibility of purchasing mining materials from Poland.

The deputy minister Anatoliy Korzun has discussed the issue with the delegation from Uta Labedy S.A.

In particular, the delivery of anchoring was discussed. (Ukrainian metal)

Russia: NLMK stops exporting slabs to US

Novolipetsk Iron and Steel Works is suspending sending steel slabs to its rolling works in Pennsylvania. According to the group president Oleg Bagrin, this has to do with the company failing to get its semi-finished products out of American steel import duties of 25%. More over, NLMK USA is suspending its investment program of $300-400,…


Kyrgyzstan: Kumtor should not be stopped

The operation of Kumtor should not be stopped, mining engineer Orozbek Duisheev declared. According to him, mining industry is in critical condition. “It is necessary to change the laws, there must be independent management in order to bring the industry out of crisis. First of all, Kumtor should not be stopped, it must continue working,”…


Kyrgyzstan: tax burden on mining industry low

Tax increase will not hinder development of the mining industry in Kyrgyzstan, mining engineer Duishenbek Kamchybekov declared. According to him, after a meeting of the Security Council, where work of deposits was discussed, the International Business Council spoke against the decision. “The International Business Council said that tax issues were burdensome for us. The tax…


Russia: Evraz ZSMK confirms switch rails certificate

Evraz ZSMK has confirmed its certificate for OR50 NT260 switch rails.

The representatives of the Russian Railroads together with the company specialists have checked the rails.

Evraz ZSMK is the only company in Russia to produce such rails. (Ukrainian metal)

Russia: Polyus Aldan produces first ton of gold

Since the start of the year and as of March 3, Polyus Aldan has produced 1 ton of gold.

In 2017 the first ton was produced on March 13, and in 2018 – on March 6.

In 2018 the enterprise produced 6.2 tons of gold. (Ukrainian metal)

Russia: UEM starts preparing foundation for electrolysis shop third stage

Uralelectromed has started preparations to laying the foundation for the third stage of the copper electrolysis shop.

All the foundation work is expected to be completed in June 2020.

The new site will house one circulation system consisting of 224 electrolysis baths with auxiliary equipment. (Ukrainian metal)

Russia: Karabashmed passes supervisory audit

In order to create safe labor conditions Russian Copper Company enterprises gradually implement the integrated management system according to ISO 14001:2015 and OHSAS 18001:2007.

In February Karabashmed passed the first supervisory audit of the systems.

The certificates were received in June 2018. (Ukrainian metal)

Russia: ChTPZ net profit up in 2018

In 2018 ChTPZ net profit grew 1.9-fold YoY, to 7.7 billion rubles. Sales revenue increased by 13%, to 178.84 billion rubles, and gross profit – by 17.9%, to 44.29 billion rubles. The product prime cost went up by 11.5%, to 134.56 billion rubles. The company fixed liabilities dropped by 5.3%, to 74.2 billion rubles. (Ukrainian…