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Ukrainian metal companies are forced to decrease output because of the failure of the Ukrainian Railroads to provide enough cargo trains. The critical situation is witnessed at the Kamysh-Zarya – Volnovakha route, leading to the city of Mariupol. Because of the delay in cargo train provision Mariupol metal works produce twice as little metal, than…
DetailsShareholders of Nikopol Ferroalloy Plant intend to change the ownership of the company from the public to the private joint-stock company, and not pay dividends for 2017. The corresponding decisions will be taken at the meeting on August 3. The net profit for 2017 will be set in the amount of 2.665 billion UAH, 26.46…
DetailsShareholders of the Yuzhniy Mining and Processing Works have decided to spend 9.947 billion UAH of net profit for 2013 and 2017 to pay dividends. This equals to 6.253381 UAH per ordinary share. The decision was taken on June 21. The 2013 net profit accountable for dividends is 1.341 billion, while that of 2017 is…
DetailsThe first stage of the Ozernovsky GMK mining and metallurgic plant was launched on the Kamchatka Peninsula’s gold deposit on June 25, the regional government said in a statement. “This is the largest unit developed on Kamchatka and one of the most difficult from the point of view of logistics, weather conditions, characteristics arising from…
DetailsCenterra Gold Inc. agreed with the Government of the Kyrgyz Republic to further extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017, Kumtor Gold Company website says. The First Longstop Date is the date by…
DetailsLast week the price of precious metals decreased in Azerbaijan. The price of one ounce of gold decreased by 11.509 manats or by 0.5%. Accordingly, the average price of one ounce of gold stood at 2,157.504 manats. On June 15, 18 and 19 the exchange rate of manat in relation to the precious metals was…
DetailsThe prices of main precious metals varied in Azerbaijan on June 25, according to the data published by the Central Bank. The cost of gold decreased by 0.6545 manats, to 2,153.968 manats per ounce compared to the price on June 22. The cost of silver increased by 0.0716 manats, to 27.819 manats per ounce. The…
DetailsRosgeologia will carry out prospecting works within the Spokoyninsky ore node in Aldan district of the Republic of Sakha (Yakutia). According to the tender documents, the enterprise will have to investigate the site with the size of 178.7 square km. Their main task is to estimate the forecast resources of R2 ore gold in the…
DetailsThe state enterprise Selidovugol has been transferred 15 million UAH. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the money will be spent to partially pay salary debts to the employees. Earlier the minister of energy and coal industry Igor Nasalik declared, that of the 85 million UAH on salary…
DetailsIn May industrial output in Ukraine increased by 2.2% MoM and by 2.9% YoY. According to the State Statistics Service, in January-May the industrial output grew by 102.6%. In particular, in mining and quarrying it increased by 102%. (Ukrainian metal)
DetailsThe EU is ready to cooperate with Ukraine to reduce the risks in the energy sector, in particular, to assist in closing the exhausted and dangerous coalmines. “I congratulate Ukraine on including the tasks of decarbonization of its economy in the strategy until 2035. This means a cautious approach to solving the challenging issues in…
DetailsThe environment activists of Mariupol, one of the most polluted cities in Ukraine, protest against construction of a new continuous casting machine No. 4 with the capacity of 2.5 million tons and the ladle furnace instead of the outdated CCM No. 1 with the capacity of 0.75 million tons per year at Mariupol Ilyich Iron…
DetailsPJSC ArcelorMittal Kriviy Rih started installing new diesel engines, Cummins, produced in the USA, at its locomotives. In the result of modernization, the company has already got one locomotive with a new engine. Three more locos with new American engines will be available by the end of the year – the contract has been signed…
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