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The prices of precious metals except for palladium increased on August 9, according to the data published by the Central Bank. The price of gold increased by 1.2325 manats, to 2064.0805 manats per ounce on August 9, compared to the price on August 8. The price of silver increased by 0.0688 manats, to 26.2854 manats…
DetailsAbout 200 employees of Georezerv TK CJSC were dismissed from the factory due to lack of money, the Chairman of the Mining and Metallurgical Trade Union Eldar Tadzhibaev reported. The workers held a rally near the office of Georezerv TK CJSC, demanding to pay out wage arrears for the last 5 months. Almost all employees…
DetailsIn January-July Kazakhstan industrial enterprises increased prices by 9.4% YoY. According to the Statistics Committee of the Ministry of the National Economy, in particular, the ferroalloys saw the largest price increase – by 16.7%. Prices of ferrous metals grew by 11.2%, aluminum – by 9.2%, lead – by 4%, and copper – by 3.6%. At…
DetailsOn August 6 the miners of the state enterprise Selidovugol were partially paid their salary debts. According to Mikhail Volynets, the chairman of the Independent Miners Union, 30 million UAH was used to pay April and 50% of May salary. Still, there is a debt of June and July salary. (Ukrainian metal)
DetailsFlooded mines and destroyed enterprises after the seized territories of Donbass are returned to Ukraine will not be restored. “32 mines are flooded or are being flooded. None will restore them. Never. Some enterprises have been dismantled and taken to Russia, some have been plundered for scrap. It is impossible to resume their operation”, deputy…
DetailsValki-Ilmenit and Mezhdurechensky Mining and Processing Works, both parts of Group DF, in January-June increased ilmenite concentrate output by 80% YoY, to 70 thousand tons. The increase was due to Valki-Ilmenit resuming operation on June 1. For over a year the company could not get its license. Ilmenite ore output grew by 65%, to 1.28…
DetailsKaraganda region governor Yerlan Koshanov surveyed the Sary-ArkaCopperProcessing, the cathode copper plant, that started its work in the test mode in Shetsky district, Karaganda region, the governor’s press service reports. Constriction of the plant worth more than $14 million started in 2016. Now it is operating in the test mode. The pilot batch of its…
DetailsIn July Krasniy Octyabr carried out large-scale repairs on the mill-1150. The replacement of 118 bearings in roll-tables allowed decreasing the time to supply ingots, while at the same time increasing the speed of metal cutting. The repair of the soaking pits in the furnace bay significantly reduced company gas consumption. (Ukrainian metal)
DetailsIn January-July Ukraine increased imports of nickel (and wares) by 30.5% YoY, to $58.711 million. In July imports reached $11.169 million. Aluminum imports totaled $210.703 million, up by 1.5%, with $35.158 million in July, lead – $7.612 million, up 2-fold ($1.949 million), zinc and zinc wares – $51.514 million, up by 27.3% ($6.949 million). At…
DetailsThe Department of ecology of Karaganda region has sued ArcelorMittal Temirtau for violation of the environment-protection legislation. The unscheduled inspection of the works revealed a number of violations. In particular, the company air pollution exceeded the allowed limits. The total damage to the environment is estimated at 1.395 billion tenge ($4 million). (Ukrainian metal)
DetailsIn April-June Rusal decreased net profit by 31% QoQ, to $218 million, but increased it by 8% YoY. In H1 net profit grew by 15% YoY, to $535 million. Quarter revenue dropped by 18% QoQ, to $2.25 billion, but went up by 4% YoY, to $4.99 billion in H1. (Ukrainian metal)
DetailsIn January-July Ukraine imported $51.894 million worth of copper and copper wares, up by 9.4% YoY. According to the State Fiscal Service, exports grew by 38.5%, to $100.8345 million. In July Ukraine imported $9.328 million worth of copper and copper wares, and exported – for $13.268 million. (Ukrainian metal)
DetailsNovokramatorsk Machine-Building Works has shipped machinery of the edging stand for the continuous casting mill-1700, being reconstructed in Kosice. The assembly of the stand is scheduled for the second half of August. The mill-1700 was constructed by NKMZ in 1965. Its capacity is 3.2 million tons of rolled metal per year. In 2017 NKMZ received…
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