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In January-July Ukraine increased pipes output by 3.3% YoY, to 664.5 thousand tons. In July 86.6 thousand tons were produced. In particular, Ukrtruboprom association enterprises increased pipe output by 2.8%, to 487.3 thousand tons, with 62.5 thousand tons produced in July. Khartsyzsk Pipe Works is still idle. Interpipe-NTZ produced 154.9 thousand tons of pipes, down…
DetailsIn July enterprises of the mining and metallurgical sphere mostly increased average salary, except for pipe companies. In particular, the average salary at mining companies was 17,796.8 UAH, up by 10.6% MoM. At by-product coke plants the average wage was 19,102.9 UAH (+0.7%), ferrous metal companies – 17,807.9 UAH (+0.5%), non-ferrous metallurgy – 11,911.7 UAH…
DetailsBaikal Mining Company has concluded an agreement with Renaissance Heavy Industries to build the first stage of the Udokan Mining and Metallurgical Plant with the capacity of 12 million tons of ore per year. The price of the agreement is some 28 billion rubles ($420 million). The company will have to construct a technological complex,…
DetailsIn June Russia exported 11 thousand tons of flat aluminum, up by 5.8% MoM and by 6.8% YoY. Deliveries to Poland grew by 17%, to Finland – by 20% and to Ukraine – by 16%, to 3.6, 1.2 and 1 thousand tons respectively. At the same time exports to the USA dropped by 25%, to…
DetailsVorkutaugol has purchased licenses to develop two new blocks of Vorshagorskoye coal deposit with the combined reserves of 20 million tons. The block 43 has 19.4 million tons of rock and 9.1 million tons of coal. The company intends to start developing it in autumn of 2022. In 6 years the Vorshagorskaya mine will launch…
DetailsMetalloinvest is constructing a ball-rolling mill at Oskol Electrometallurgical Works. The mill will be able to produce some 43 thousand tons of milling balls with the diameter of 100-120 mm per year. Investments will amount to 1 billion rubles. 85 jobs will be created. The commission of the mill is scheduled for Q4 2020. (Ukrainian…
DetailsAccording to the results for the first half of 2019, the implementation of programs aimed at improving production efficiency at the Magnitogorsk Iron and Steel Works (MMK) has had an economic impact in excess of $38.3 million. As part of the strategic initiatives adopted in 2015 aimed at improving operational and functional efficiency, the MMK…
DetailsThe net loss of IRC Ltd, the iron ore division of Petropavlovsk Plc, which runs gold deposits in Russia, widened by 60% YoY, to $25.224 million, the company said in a statement. The loss adjusted for one-time expenditures and the exchange rate-related loss stood at $8.219 million. Revenue grew by 27%, to $89.244 million, and…
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