300 million UAH, provided to the coal industry by the Cabinet of Ministers on October 24, were transferred to the accounts of the coalmining enterprises. The miners have already started receiving their salary. At the same time, this will only cover a part of the salary debts. For example, Lisichanskugol mines received 62 million UAH,…Details
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In January-October Kazakh manufacturers increased prices by 16.4% YoY. The largest growth was witnessed in the mining industry – by 24.6%. In particular, coal prices grew by 10%, and metal ore – by 2.8%, In metal industry ferroalloys increased in price by 19%, and rolled ferrous metals by 18.2%. At the same time lead became…Details
In January-September Polyus received $2141 million of revenue, up by 8% YoY. Corrected net profit grew by 34%, to $1035 million. Capital expenditures went up by 4%, to $547 million. At the same time investments in the Natalka deposits development dropped by 35%, to $186 million. Investments in the Kuranakh deposits also decreased – by…Details
The ministers of investment and development, national economy and finances have signed a joint decree “On some issues of ferrous and non-ferrous metals scrap and waste transportation”. According to the decree, the transportation of scrap, as well as rails, pipes, and used railroad and wagon components, except for the scrap of alloyed steel is prohibited…Details
Dneprovsky Iron and Steel Combine has started capital repairs of the converter No. 1 with the replacement of the waste-heat boiler. The length of the repair is expected to be 55 days, while usually it takes 80 days. The repair will be carried out under an agreement to improve environment in town of Kamenskoye. The…Details
Vysochaishiy has won an auction to prospect, develop and mine gold ore at the Svetlovskoye ore field site in Irkutsk region. The R1 resources of the site are estimated at 61 tons, and R2 – 59 tons. In 2017 Vysochaishiy produced 225 thousand ounces of gold, having become the 7th largest gold-processing enterprise in Russia.…Details
Cherepovets Iron and Steel Works has entered the active phase of the cutup machine No. 4 reconstruction. The cost of the investment project is some 400 million rubles. The project will see the replacement of the old plate straightener and flying shears with the new-generation machinery, as well as addition of another straightener. The new…Details
Lebedinsky Mining and Processing Works has successfully passed the re-certification audit of the quality management system. Its correspondence to ISO 9001:2015 has been confirmed by the auditors of the British Standards Institution. As the result of the inspection, it was decided to extend the validity of the company certificate for 3 years. LGOK certified its…Details
Virdy Bikram, the ArcelorMittal Kiriviy Rih deputy CEO on procurement, has been appointed the chairman of ArcelorMittal Berislav. The decision was taken at the supervisory board meeting on November 6. Moreover 4 board members have been re-elected for a new term. (Ukrainian metal)Details
Uzmetkombinat JSC, the Uzbek metallurgical plant, intends to implement 13 projects worth a total of $474.5 million in 2018-2022. The government of Uzbekistan issued a “Decree on measures for the implementation of investment projects and the effective use of objects of Uzmetkombinat JSC”. In particular, the company intends to build a casting and rolling complex…Details
In January-September Mezhdurechensky Mining and Processing Works and Valki-Ilmenit, both parts of Group DF, increased ilmenite concentrate output 1.98-fold, to 107 thousand tons. Ilmenite ore mining grew by 91%, to 2.1 million cubic meters. Thanks to the output growth the companies were able to increase average salary by 25%, to 12 thousand UAH. Since the…Details
An employee of the pipe-rolling shop at Interpipe Nizhnedneprovsk Pipe Works received a fatal injury. According to the State Labor Service, he violated operational instructions and without switching off the straightening machine got into a spindle rotation zone. The accident happened on November 6. According to the State Labor Service, in 2017, 4.313 thousand people…Details
Prices of precious metals varied in Azerbaijan on November 8, according to the data published by the Central Bank. The price of gold decreased by 10.387 manats, to 2,080.0945 manats per ounce on November 8 compared to the price on November 7. The price of silver fell by 0.0963 manats, to 24.7105 manats per ounce.…Details