The state enterprise Lvivugol has completely cleared its debt to the miners for August. According to an enterprise representative, funds from selling coal have been transferred, so soon a part of September salary will also be paid. On July 3 some 50 miners blocked the Lviv – Rava-Russkaya international road demanding their salary debts to…Details
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Magnitogorsk Iron and Steel Works (MMK) has launched a project, which allows guests to visit the company’s production site. Several sightseeing tours are now readily available to tourists. “Taming the Fire” – this tour includes a visit to Russia’s largest blast furnace plant and the unique complex of Mill 5000 whose products are used to…Details
Chairman of the Majilis (the lower house of the Kazakh Parliament) Nurlan Nigmatulin has arrived in Pavlodar region for a working visit. His meetings with the region’s community are mostly dedicated to the State-of-the-Nation Address of the President of Kazakhstan. The Speaker of the Majilis inspected the Kazakhstan Electrolysis Plant, and also met with the…Details
In January-July Ferrexpo exported 6.711 million tons of iron ore pellets. In particular, Poltava GOK exported 5.098 million tons and Yeristovo GOK – 1.613 million tons. Karelsky Okatysh (Russia) exported 3.808 million tons of pellets. Metinvest in 7 months shipped abroad 3.458 million tons of pellets (CGOK – 1.542 million tons and SevGOK – 1.916…Details
The United Mining and Chemical Company remains one of the most efficient state enterprises and constantly increases payments to state budget. In January-September the group paid 751.7 million UAH of taxes to the budgets of all levels. Together with the salary the payments totaled 1.097 billion UAH. In H1 UMCC occupied the 59th place among…Details
In August Russia exported 212.1 thousand tons of pig iron, up by 51.4% YoY. According to the customs statistics, in January-August exports reached 3.56 million tons, up by 32%, valued at $1311 million, up by 44.5%. USA imported the most – 52.4%, up by 6.1%. The country is followed by Hong Kong (16%), the deliveries…Details
In January-September Izhstal exported 42 thousand tons of metal, up by 81% YoY. In particular, exports to CIS countries grew by 22%, to 22 thousand tons, and to far foreign countries – almost 4-fold, to 20 thousand tons. The company exports bars and sized rolled metal, as well as sections of carbon, alloyed, stainless and…Details
Alfa-Bank has provided financing of 2.5 billion rubles to Seversky Pipe Works, a part of TMK. The funds have been issued for 4.5 years. “Alfa-Bank is supporting the long-term partner relations with TMK. Strong capital positions, flexibility, speed and the industry expertise allow the bank to successfully compete with state banks for the largest borrowers…Details
According to preliminary data, Makmal field will have been put up for competition by November 1, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, about 200-300 million soms are needed for additional exploration of the two sections of the field. Kyrgyzaltyn JSC…Details
Jerooy deposit is expected to be commissioned in the first half of 2019, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan Suyuntbek Alikeyev announced. According to him, a gold extraction plant and a tailing dump are being actively constructed at the field. The committee has confirmed that the…Details
Price of gold increased in Azerbaijan on October 18, while prices of silver, platinum and palladium decreased, according to the data published by the Central Bank. Thus, the price of gold grew by 3.0515 manats, to 2,080.46 manats per ounce on October 18 compared to the price on October 17. The price of silver dropped…Details
Swiss coal trader Mercuria, a potential investor in a 24-billion ruble Lavna coal terminal in Murmansk, is unhappy with Russia’s State Transport Leasing Company’s (STLC) decision to work with a company of tycoon Andrei Bokarev, according to Mercuria’s letter to Transport Minister Yevgeny Ditrikh. Lavna with a projected annual capacity of 18 million tons is…Details
Gold output of GV Gold rose by 50% YoY and by 27% QoQ, to 92,500 ounces in July-September, the company said in a statement on October 18. In January-September production grew by 64% YoY, to 220,300 ounces. In 2018 the company plans to produce 280,000-300,000 ounces of gold. (Prime/Ukrainian metal)Details