Armenia’s aggression policy causes great damage to Azerbaijan in all spheres, including the economic and environmental ones, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, declared. He noted that a report was prepared regarding illegal activities in the occupied Azerbaijani territories, and was sent to the country’s Prosecutor General’s Office. He said that the…Details
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Zaporizhstal has successfully passed the quality management system audits for the correspondence to the international standards. Bureau Veritas Certification Ukraine LLC awarded the company a new quality certificate. Moreover, the European Fund for Quality Management also audited the company. Zaporizhstal has become the best Ukrainian company according to the fund. (Ukrainian metal)Details
In January-September Donetsk region received $3.7 billion from exports, up by 14.1% YoY. Ferrous metals accounted for 81.7%, or $2984.3 million, up by 22.8%. In particular, ferrous metals accounted for 56.6% of all exports to Russia, 88.4% to Turkey, 93.2% to Italy and 98.9% to US. (Ukrainian metal)Details
In January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles. Revenue grew by 9.3%, to 60.3 billion rubles. Gross profit increased by 17%, to 27.6 billion rubles. Sales profit totaled 21.8 billion rubles, up by 20.1% YoY. The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)Details
Prime Minister Dmitry Medvedev has signed an order to provide a subsidy for the construction of the power line under the infrastructure creation for the Taryn Mining and Processing Works in the Republic of Sakha (Yakutia). GV Gold will receive 638 million rubles from the federal budget to construct power lines with the length of…Details
Karelsky Okatysh has commissioned the united operation station of crushing and processing site. Now only 1 employee is in control of the whole process. The united operation station is the first step to create a global system to control the company working processes. At the next stage Karelsky Okatysh intends to unite operation stations of…Details
In January-September Sinarsky Pipe Works received 649.84 million rubles of net profit, down from 1.14 billion rubles in 9 months of 2017. Revenue grew by 17%, to 32.52 billion rubles. Sales profit dropped from 2.1 billion rubles to 1.2 billion rubles. Short-term liabilities increased from 65.6 million rubles to 3 billion rubles. (Ukrainian metal)Details
The Alardinskaya mine was the first among Raspadskaya mines to reach the annual output target, having yielded 3 million tons of coal as of November 7. In early September the mine was the first to produce 2 million tons of coal from one shaft. In September 451 thousand tons of coal were mined, a record…Details
In January-October Ukraine imported 17.425 million tons of coal, up by 15.5% YoY, valued at $2.461 billion, up by 14.4%. Russia supplied $1.525 billion worth of coal (62%), USA – $739.27 million (30.04%), Canada – $126.946 million (5.16%) and other countries – $68.88 million (2.8%). Moreover, in 10 months Ukraine exported 56.223 thousand tons of…Details
Employees of the state enterprise Lvivugol have blocked the road to the customs checkpoint of Rava-Russkaya on the border with Poland. The miners demand being paid salary for September and October. Some 40 miners participated in the strike. The police have agreed with the strikers to let cars through every 15 minutes. The miners also…Details
On November 16, on the day of its 85 years, Zaporizhstal received conformation of its records entered into the National project of records of Ukraine. This is the reconstruction of the blast furnace No. 3 and the environment initiative “Save the Dnepr Together”. The reconstruction lasted for 8 months, while usually it lasts for 1.5…Details
US has retained the 163% import duty on ferrosilicomanganese from Ukraine. The country believes that if the duty is cancelled, local manufacturers will be severely hit. The antidumping duty of 163% was set in 1994 as the result of the investigation initiated by local ferroalloys manufacturers. In September 2006 it was prolonged for 5 years.…Details
Magnitogorsk Iron and Steel Works’ (MMK) Industrial Park signed a cooperation agreement with the Chelyabinsk Region Investment Development Agency and Metallurgic Deoxidizers Plant. The parties have agreed to cooperate on a project to construct a plant in Magnitogorsk to produce deoxidizers for steel, located in MMK Industrial Park. Investment in the first stage of the…Details