Pecherskiy Court of Kyiv has arrested Victor Lotous, Poltava Mining and Processing Works board chairman, with an alternative of a bail of UAH 999.991 million. PGOK belongs to Konstantin Zhevago. A claim has also been sent to extract Zhevago from France. According to investigation, the enterprise was selling crushed stone made of ferruginous quartzites waste.…Details
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Russian occupiers have hit Avdiivka Coke and Chemical Works with aviation bombs. According to Musa Magomedov, ex-director of the plant and a people’s deputy, the bombs hit scrubbers of the recovery shop, which caught fire. Magomedov warned that Russians would lie again saying that they hit ammunition, which the plant never had on its territory.…Details
Sukha Balka has commissioned a new block at the Yuvileyna mine. The volume of the block is 73 thousand tons. The new block is situated at the depth of 1420 meters in unstable rock. This required special anchoring. Operation of the mine was resumed in April, when the lack of experienced personnel was overcome. (Ukrainian…Details
In January-August, Ukraine produced 3.41 million tons of rolled metal, down by 23.9% YoY. Of this, 1.79 million tons or 52.6% were exported. Last year, the share was 80.3% (3.6 million tons exported out of 4.48 million tons produced). The share of semi-finished products in exports was 43.59% (44.21% last year). The share of flat…Details
Almalyk Mining and Processing Works has implemented a new technique to produce ferromolybdenum. Ferromolybdenum powder is made on the basis of processing molybdenum-containing wastes originating when producing molybdenum. Ferromolybdenum is an alloy containing 50-70% of molybdenum. The company has launched the manufacture of 2 thousand kg of ferromolybdenum per month. So far, 5500 kg has…Details
Opendatabot, the service of monitoring registration data of companies and court registry, has published its first index of major enterprises of Ukraine with flawless business reputation – 10 in each category. 9 Metinvest enterprises have made it to the index. Thus, the first edition of the index includes Zaporizhstal (No. 1), Kametstal (No. 3) and…Details
In January-June, Interpipe increased its net profit 6.3-fold YoY, to $122.43 million. Operational profit went up 2.7-fold, to $178.29 million. Revenue totaled $518.38 million, up from $461.33 million last year. EBITDA grew 2.8-fold, to $142.09 million. (Ukrainian metal)Details
In August, Krivoy Rig Iron Ore Industrial Complex decreased iron ore manufacture by 16.7% YoY, to 225 thousand tons. Compared with July, output remained unchanged. In particular, the Ternivska mine produced 45 thousand tons of ore, up by 12.5% MoM and by 35.7% YoY, Kozatska – 50 thousand tons, up by 25% MoM, but down…Details
In August, Ukraine increased steel manufacture by 64.5% YoY, to 602 thousand tons. The country took the 20th place among the 63 global steel producers, according to Worldsteel. Overall August steel output grew by 2.2%, to 152.62 million tons. In January-August, Ukraine produced 4.03 million tons of steel, down by 22.3% YoY. Ukraine was on…Details
Managers of a mining and processing works have created an illegal scheme of using natural resources valued at 157 billion UAH, the National Police report without naming the enterprise. According to sources, this is Poltava Mining and Processing Works, belonging to Kostyantyn Zhevaho. The police have found out that the enterprise has the license to…Details
Every three days, trucks loaded with metal scrap leave the territory of Azot in Severodonetsk, the head of the Luhansk Regional Military Administration Artem Lysohor has reported. He said the occupiers were actively cutting machinery that survived Russian shelling for scrap. Last year, Russians shot several propaganda series featuring ex-employees of Azot. In them the…Details
Three new ships are moving towards Ukrainian ports to be loaded with export products. Thus, the Azara, Ying Hao 01 and Eneida bulkers have confirmed their readiness to use the temporary corridor for civil vessels and are heading for the ports of Pivdenniy and Chornomorsk. Having loaded more than 127 thousand tons of Ukrainian agricultural…Details
Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov and experts of the International Business Council (IBC) discussed problematic issues of the mining industry. Representatives of the IBC voiced at the meeting with the head of the Cabinet such problematic issues of the industry as a ban on the export of gold-containing ores and…Details