The US company Epsilon Development in partnership with the Austrian company Oberhofer Projektmanagement GmbH will invest 100 million euros in the construction of a new plant in the Angren free economic zone in Uzbekistan. The companies have already created a foreign enterprise “Steel Innovation Systems” to implement this project. “The new plant will be engaged…Details
A miner was killed in an accident at one of the mines located in Ukraine’s western Lviv region, a local council member Ihor Zinkevych reported. The official said the tragedy occurred at the Nadiia Mine in the village of Selets, Sokal district. The miner died as a result of a cave-in some 500 meters below…Details
Illegal business activity during development of alluvial gold deposits was revealed in Toktogul district of Jalal-Abad region of Kyrgyzstan, the State Service for Combating Economic Crimes reported. According to it, the State Committee for Industry, Energy and Subsoil Use banned alluvial gold mining operations before submitting a temporary certificate for the right to use the…Details
Shelekhov town bailiffs (Irkutsk region) have recovered 35.6 million rubles from an aluminum works. The regional prosecutor has filed a claim against a local plant (Irkutsk Aluminum Works) to recover damages to the soil as a result of the filtrate spilled outside the waste landfill as well as on the forest territory. The Shelekhov town…Details
The price of one ounce of gold increased by 13.3195 manats or by 0.6% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,216.47275 manats. The price of one ounce of silver grew by 0.1779 manats or by 0.7%, to 26.1769 manats. The price of one ounce of platinum…Details
In 2018 the Amur miners team, developing the Konder platinum deposit in Khabarovsk region, received 467.5 million rubles of revenue, down 6-fold YoY. The net loss was 2.436 billion rubles, down 3.7-fold. Last year the enterprise extracted 238.3 kg of platinum as opposed to 1.275 kg in 2017. The decrease in the output has to…Details
Chelyabvtormet could not resume its permit for air pollution suspended by the regional environment service. The permit was suspended in November 2018. In December 2018 the regional governor Boris Dubrovsky demanded the casting shop of the company to be closed down because of the extensive air pollution. While the company is permitted to process ferrous…Details
In H1 Zagorsky Pipe Works intends to reach the debt to EBITDA ration of 1.0. The company’s main customer is Gazprom. At present ZTZ has orders for 2 years. Almost all orders have been concluded with Gazprom. The latest was for the delivery of 500 thousand tons of large diameter pipes for a Sila Sibiri…Details
Lebedinsky Mining and Processing Works has put into operation a new excavator with improved capacity with the ladle volume of 20 cubic meters. This is the third machine of the kind operating at LGOK. It takes the excavator 3 minutes to fully load a 220-ton BelAZ. The weight of the machine is over 700 tons.…Details
Severstal and Air Liquide have signed a long-term contract on the delivery of oxygen, nitrogen and argon to Cherepovets Iron and Steel Works. The French company will invest some EUR 50 million in the construction of an air-separating machine, which will improve energy efficiency and decrease environment impact. The capacity of the machine, to be…Details
The Moscow Exchange switched trade in ordinary shares of pipe producer TMK into a discreet auction mode after the stock jumped by over 20% within 10 minutes, the bourse said in a statement.
On March 22, TMK agreed to sell its U.S. subsidiary IPSCO Tubulars to Tenaris for $1.209 billion. (Prime/Ukrainian metal)
Atomenergomash, a part of the national company Energoatom, has announces its decision to conclude an agreement with Yugpromkomplekt LLC for the delivery of metal wares valued at 645 thousand UAH. Thus, until the end of April, the company has to receive various bolts, nuts, screws, nails, etc. The only competitor of the company was Endar…Details
The EU metal import quotas will be in effect for 101 days. As of March 21, Ukraine has used the following amount of quotas: – hot-rolled metal – 84.1% (1.1 million tons); – cold-rolled metal – 49.03% (50.1 thousand tons); – plates – 22.68% (77 thousand tons); – rebars – 54.68% (34.1 thousand tons); –…Details
Tigers Realm Coal, mining coking and power-generating coal in Kamchatka, received 10.88 million Australian dollars of net profit in 2018, up by 228% YoY. Coal output grew by 131%, to 576 thousand tons. Sales totaled 393 thousand tons, up by 138%. In particular, coking coal sales went up by 326%, to 179 thousand tons, and…Details
Uralelectromed has produced 4 million tons of copper wire rod in 20 years.
The total length of the rods produced is 8 million km.
Uralelectromed is the largest producer of copper wire rod in Russia.
Its share on the domestic market is 40%. (Ukrainian metal)
In 2018 Metinvest paid $15.3 million of bonuses to its top managers. In 2017 the bonuses amounted to $13.3 million. In addition to the CEO Yuri Ryzhenkov, the Metinvest board comprises of Yulia Dankova, Alexander Pogozhev, Oleg Tokar, Svetlana Romanova, Dmitry Nikolayenko, Oleg Shudra, Alexei Gromakov, Andrei Yemchenko, Alexander Komlyk, Olga Ovchinnikova and Sergey Detyuk,…Details
Russia’s Mechel has paid in full for the Donetsk Electrometallurgical Plant purchased in 2011.
The group lost control over the plant 3 years ago.
Mechel bought 100% of the enterprise shares for $537 million with the payment by monthly installments until late 2018.
In February Mechel paid the last installment. (Ukrainian metal)
In 2018 Poltava Mining and Processing Works received 5.1 billion UAH of profit, up by 20.25% YoY. According to the company statement, its assets as of the end of 2018 grew by 22%, to 27.9 billion UAH. PGOK current liabilities went up by 0.032%, to 18.842 million UAH, and accounts receivable – by 23.1%, to…Details
UiPath, the creator of a leading RPA (Robotic Process Automation) platform, identified the achievements of MMK Group in the field of software robotics. The conference “RPA DAY!” dedicated to the technology of software robotics took place in early March. About 140 people attended the conference, which was organized by QIWI. Heads of RPA of large…Details
In 2018 Zaporozhye Secondary Materials Processing Works (Zaporozhye Vtormet) received 1.924 million UAH of net losses, up by 51.3% YoY. The uncovered losses as of the end of 2018 were 113.131 million UAH. The company current liabilities dropped by 1.1%, to 90.047 million UAH, and it has no fixed liabilities. The accounts receivable decreased by…Details
The investment project “Novokonstantinovskaya mine. Manufacturing capacities development” will help decrease the dependence of the domestic nuclear energy on foreign suppliers of uranium products. The project will also improve the efficiency of uranium oxide concentrate manufacture by VostGOK. In particular, the mine will increase extraction from 200 to 500 thousand tons per year, and the…Details
In February Novovolynskaya No. 9 mine fulfilled its output plan. This has happened for the first time since 2014. Last month the mine extracted over 4500 tons of coal. This allowed not only clearing salary debts to miners, but also paying bonuses. In late 2019 the mine intends to open a new long face. (Ukrainian…Details
In 2018 MMK-Metiz received 544.3 million rubles of net profit.
In 2017 the volume of its net profit was the highest – 1.26 billion rubles.
Revenue last year totaled 23.08 billion rubles, up by 13% YoY.
Sales profit dropped by 42%, to 923 million rubles. (Ukrainian metal)
The Krasnoyarsk region subsidiary of the State Expertise Service of Russia has approved the project to construct a site to process gravitation gold-bearing concentrate in Zabaikalye.
It is expected to process 3 tons of gold-containing raw materials per day.
The complex is expected to be operating for 14 years. (Ukrainian metal)