In 2017 Nikopol Ferroalloy Plant received 2.67 billion UAH of net profit as opposed to 727.46 million UAH of net losses. Net income grew by 68.4% YoY, to 18.88 billion UAH. EBITDA reached 3.27 billion UAH, as opposed to the debt of 837.67 million UAH in 2016. The undistributed profit totaled 2.34 billion UAH. Last…Details
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Zaporizhstal has completed the project on environmental reconstruction of its sintering factory. The cost of the project is some $80 million. The modernization was carried out in stages: since 2012 the company has been commissioning one new gas-purifying unit each year. Such terms have to do with the fact, that the manufacturing process was not…Details
Hugues Mingarelli, Head of the European Union Mission to Ukraine, visited PJSC ArcelorMittal Kriviy Rih. This is his first visit to Kriviy Rih and to the biggest mining and steelmaking plant of Ukraine. Along with the delegation Mingarelli held a meeting with the management of the plant, where numerous important issues were discussed, such as…Details
Volnogorsk Mining and Processing Works has ordered Lormex LLC the delivery of wooden pallets valued at 4.34 million UAH. At first the company ordered 15.5 thousand fir pallets. But later, because of the price increase on the market, the cost went up by 30%. The total amount decreased to 4.02 million UAH, with the pallets…Details
Nibulon non-self-propelled NBL-002 vessel transported the first batch of Ukrainian metal from Kamianske (Dnipropetrovsk region) to Yuzhnyi Port on April 21. Nibulon continues implementing its large-scale investment project aimed at increasing the volume of goods transported by river up to 4 million tons per year. The company plans to achieve this figure within the next…Details
Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to 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. The deadline for the implementation of the agreement with Centerra expired on April…Details
Centerra Gold Inc. called the news release issued by Chaarat Gold Holdings Limited on acquisition of Kumtor mine “market speculation”. Official comment of the company says. In March Centerra received an unsolicited, non-binding proposal from Chaarat concerning Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat’s advisers that it had no interest…Details
The prices of gold, silver and platinum increased, while the prices of palladium decreased in Azerbaijan on April 25, according to the data published by the Central Bank. The cost of gold increased by 1.3515 manats, to 2256.6905 manats per troy ounce compared to the price on April 24. The cost of silver increased by…Details
By the end of 2018 a document will have been prepared on the feasibility study of the sulfide phase in the operation of the Chovdar Deposit located in the Dashkasan region of Azerbaijan, Chairman of the Board of AzerGold Company Zakir Ibrahimov said. “At the moment we are producing non-ferrous and precious metals at the…Details
Chaarat Gold Holdings Limited made a proposal in relation to the potential acquisition of Kumtor mine from Centerra Gold Inc. The acquisition would form part of a proposed three-way transaction between Chaarat, Centerra and the Kyrgyz state consortium, Kyrgyzaltyn OJSC. Chaarat has proposed that Chaarat and Kyrgyzaltyn acquire Kumtor from Centerra, in an arrangement that…Details
On April 19 DTEK Dneprovskoye Mine Group yielded the 1-millionth ton of coal since the beginning of the year. Investments in the development in Q1 totaled 92.3 million UAH. Coal is mined at 5 sites. Average daily output is 9453 tons, or 598.5 tons per month. This year DTEK Dneprovskoye Mine Group intends to invest…Details
In January-March Ukraine increased pig iron exports by 63.9% YoY. “Since the start of the year pig iron exports have been demonstrating a positive dynamics, having increased by 63.9%, to 850.1 thousand tons. And exports have been growing each month: in January they totaled 233.6 thousand tons, in February – 291 thousand tons, and in…Details
In January-March Donetsk region mined 3 million tons of coal, down by 1.1% YoY. Coking coal share increased by 20.9%, while that of power-generating coal dropped by 6.3%. Coke output totaled 1.3 million tons, up by 14.6%. Steel manufacture decreased by 11.6% YoY, to 1.9 million tons, while that of rolled metal – by 17.7%,…Details