The prices for main precious metals prices rose on July 9, according to the data published by the Central Bank. The cost of gold increased by 6.324 manats, to 2140,2065 manats per ounce compared to the price on July 6. The cost of silver increased by 0.1779 manats, to 27.4062 manats per ounce. The cost…Details
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The state enterprise Lvivugol has completely cleared the salary debt to its employees for May. The enterprise received money from the state company Ugol Ukrainy, which allowed paying the May salary. Shortly the enterprise will start paying wages for June. In June Lvivugol cleared the April salary debt. (Ukrainian metal)Details
Kazakhstan’s National Atomic Company (NAC) Kazatomprom JSC has delivered over 3,100 tons of uranium to the British Yellow Cake company, says the message posted on the website of NAC Kazatomprom JSC. “Following the successful floatation of Yellow Cake plc, NAC Kazatomprom JSC is pleased to confirm that its long-term supply contract with Yellow Cake, which…Details
The price of one ounce of gold increased by 7.497 manats or by 0.3526% last week, to 2,127.2508 manats. The price of one ounce of silver decreased by 0.0078 manats or by 0.286%, to 27.1837 manats. The price of one ounce of platinum decreased by 3.9695 manats or by 0.2759%, to 1,420.1579 manats. Last week,…Details
Because of the critical situation at the state coal enterprises, the Independent Miners Union has prepared an address to the president, prime minister and the Verkhovnaya Rada chairman. According to the union chairman Mikhail Volynets, the main problems in the industry are the wage debt growth totaling over 1.1 million UAH, the decrease of coal…Details
VIZ-Stal has started repairs of one of the four filter presses of the cleaning facilities. The repair presupposes the replacement of 15 filter plates. The commissioning of the machine is scheduled for late 2018. Assembly will be carried out in October. VIZ-Stal will invest some 12 million rubles in the project. (Ukrainian metal)Details
Kamensk-Uralsky Foundry Works is carrying out a program to renew machinery. The company specialists are assembling pressure sintering machines. Characteristics-wise the two manufacturing lines are better than 12 old furnaces. Both lines have been made to order and have no analogues in Russia today. (Ukrainian metal)Details
Interpipe believes in summer scrap procurement will decrease by 20%. “The market is saturated with scrap now, but with the coming of summer we see a traditional decline. We believe the drop in the scrap procurement will reach 20%”, Interpipe CFO Denis Morozov said. At the same time, scrap demand will grow, as ArcelorMittal Kriviy…Details
According to the State Fiscal Service, in January-June Ukraine imported 11.084 million tons of coal, up by 40.7% YoY, valued at $1.531 billion, up by 21.8%. Russia supplied $962.723 million worth of coal (62.88%), USA – $483.95 (31.61%), Canada – $48.365 million (3.16%) and other countries – $26.028 million (2.35%). At the same time in…Details
The minister of energy and coal industry Igor Nasalik is personally responsible for the situation in the state coal industry, the Prime Minister Vladimir Groysman declared. “The situation in the industry is unsatisfactory. The minister has been told many times to start restructuring and modernizing mines, as well as increasing coal output”, he said. “I…Details
Donetsk region state mine groups have concluded 2 agreements with the Mirnogradskaya Central Processing Factory to process coal for the total amount of 136.3 million UAH. The state enterprise Selidovugol has ordered processing of 660 thousand tons of coal at 145 UAH per ton (95.7 million UAH) until June 2019. The state enterprise Toretskugol will…Details
This year UAH 3 billion will be allocated from the state budget to cover the difference in cost and market price of coal, Prime Minister of Ukraine Volodymyr Groysman said during an Hour of Questions to the Government. “The state of affairs in the coal sector is very poor, and this isn’t good for the…Details
In June Energomashspetsstal shipped over 100 tons of supporting rolls to Mariupol Ilyich Iron and Steel Works. The rolls have been produce under the agreement signed last October. EMSS has to produce some 500 tons of rolls for Mariupol Ilyich. The rolls will be used at hot- and cold-rolling strip mills. (Ukrainian metal)Details