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EvrazMetal Sibir LLC has been reorganized by merging with Evraz Metal Inprom. Now the company is represented on the territory of Russia by a single entity – Evraz Metal Inprom, at the same time all the subsidiaries, as well as their contact information remain the same. All the EvrazMetal Sibir obligations to clients and partners…
DetailsLast week the price of one ounce of gold increased by 20.3 manats ($11.9) or by 0.8%. Accordingly, the average price of one ounce of gold stood at 2,499 manats ($1,470). The price of one ounce of silver grew by 0.117 manats ($0.06) or by 0.4%, to 28.8 manats ($16.9). The price of one ounce…
DetailsIn January-November metal companies decreased ferrous metals export revenue by 10.5% YoY, to $8.22 billion. According to the State Fiscal Service, ferrous metals accounted for 17.88% of all export revenue, down from 21.22% last year. In particular, in November exports revenue reached $596.68 million, down from $683.34 million in October and $694.05 million in November…
DetailsThis year the state enterprise Toretskugol expects to receive 520 million UAH of losses and next year – some 314.6 million UAH. According to the company CEO Vladimir Yukhimenko, Toretskugol is the only state enterprise to mine coking coal. Still, its main problem is sales. Since March some 85 thousand tons of coal valued at…
DetailsIn November Yuzhniy Mining and Processing Works decreased concentrate output by 10.1% YoY, to 949.4 thousand tons. The company did not produce sinter last month. In January-November UGOK produced 11.295 million tons of concentrate, up by 0.3% YoY. (Ukrainian metal)
DetailsUkrzaliznytsia (Ukrainian Railways) continues preferring Russian transit cargo to local transportation, the letter of the Poltava Mining and Processing Works commercial director Dmitry Spatar to the minister of infrastructure Vladislav Krikliy says. “Despite the promise to decrease the volume of transit cargo from 240 thousand tons to 40 thousand tons, an increase of transit cargo…
DetailsThe Commercial Court of Kyiv has cancelled the decision of the Antimonopoly Committee of Ukraine dated April 25 of a fine of 55 million UAH on the TAS Group of Companies, belonging to Sergey Tigipko, for the violation of legislation on the economical competitiveness protection while purchasing Dneprometiz shares. The corresponding decision for the suit…
DetailsEuropean banks will be able to provide Black Iron with a loan of $250-300 million for the construction of a mining and processing works at the Shimanovsky ore massive near Kriviy Rih. The banks have not been named. Black Iron has been engaged in the GOK construction for almost 10 years – the asset was…
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