On June 14, the state enterprise Lvivugol received 26 million UAH from the sales of coal. “This money has all been spent to pay salary to the miners. In particular, they received 31% of the May salary. On June 7 miners were paid 100% of their April wages”, the press service of the Lviv regional…Details
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Inoxpoint goes on expanding the geography of sales in Russia. Now it has opened a subsidiary in Kazan. The subsidiary offers the wide range of stainless rolled metal from the leading world manufacturers. At present the company trades in stainless sheet, bars and sections, etc. (Ukrainian metal)Details
Yug-Met has started producing copper wire rod corresponding to high environment standards – the company has purchased a modern gas-purifying machine. Yug-Met is the largest manufacturer of non-ferrous metal wares, including copper wire rod, in the South of Russia. (Ukrainian metal)Details
Tulachermet is getting ready for the capital repairs of its blast furnace No. 3. The repairs will start on July 20 and end in 20 days. The supplier of the refractory concrete has already been chosen, as the overhaul presupposes the restoration of the BF3 shaft lining. (Ukrainian metal)Details
Irshansk Mining and Processing Works has concluded 2 agreements with Unitrans Operator LLC for the railroad transportation of cargo valued at 32.55 million UAH. By the end of the year the company will have transported 1400 hoppers of ilmenite concentrate to the port of Odessa at 18174 UAH per car, and 360 hoppers to the…Details
The state enterprise Lvivugol has concluded an agreement with Lviv Coal Company on processing coal valued at 105.93 million UAH. The additional purchase has been carried out via negotiations procedure from the same previous supplier. This year 1.12 million tons of coal will be processed at the price of 95 UAH per ton. (Ukrainian metal)Details
In January-May Ukraine mined 15.883 million tons of coal, down by 3.2% YoY, or by 517.2 thousand tons. According to the Ministry of energy and coal industry, coking coal output dropped by 26%, or by 993.1 thousand tons, to 2820.9 thousand tons, while that of power-generating coal increased by 3.8%, or by 475.9 thousand tons,…Details
In 2-3 years Rosszoloto intends to construct a gold-processing factory in Amur region valued at $250 million. The company is also looking for an investor to further develop the project with the aim of attracting $500 million. In three years from the start of the investment project Rosszoloto plans to obtain the first 48.23 million…Details
Polymetal Int has acquired additional 25% of shares in the gold deposits Dolinnoye for $1.6 million, having increased its stake to 50%. “With this deal we strengthen our Varvarinsky hub. We expect to start processing ore there in Q3”, the company chief executive director Vitaly Nesis said. The ore reserves of the deposits according to…Details
The modernization of the Svetlinsky Ferronickel Works is soon to be complete in Orenburg region. In August the company intends to start manufacturing a new product – ferronickel-containing bloom from Buruktalskoye deposits ore. The company believes that by August it will have been ready to produce the first batch. Modernization of the works started in…Details
VTB bank has reported that it has started cooperation with “UralSibTrade. Siberian region” and has opened a 150 million rubles line for 2 years for it. The goal of the financing is the crediting of the current operations. “We carry out work with companies interested in the development of their business. I am sure that…Details
The Volgograd subsidiary of Redaelli SSM (Severstal-Metiz) has put into operation a new rope-making machine. Investments in the project totaled 300 million rubles. The machine can produce 6- and 8-therad ropes with the diameter of 28-100 mm. Such steel ropes are used in mines and on excavators. The capacity of the machine is 40 meters…Details
The rail-beam shop of Evraz NTMK has started manufacturing a new product – crane rails KR-100. The first 300 tons of rails have already been shipped to the customers. KR-100 rails are made of K-76F steel. This year the shop has already started producing KR-80 rails. Evraz NTMKL also produces KR-70 and KR-120 rails according…Details
Global rating agency Moody’s Investors Service has upgraded the outlook for ratings of Polyus Gold International Limited, which holds a majority stake in Russia’s largest gold miner Polyus, to Stable from Negative, the agency said in a statement on June 14. It also affirmed a corporate family rating of the company at Ba1 and the…Details
In January-May Electrostal increased continuous cast billet output by 36.42% YoY, to 167.808 thousand tons. According to the company statement, it exported 121.3 thousand tons, and supplied the rest to the local market. In May Electrostal produced 39.669 thousand tons of billets, exporting 39.648 thousand tons. In 2016 the company produced 326.187 thousand tons of…Details
Prices in industry in May decreased by 1.3% after an increase of 1.6% in April, 3.5% in March and 3.1% in February. According to the State Statistics Service, the main reason of the decline was the price drop of metallic ores (by 22%). In mining and quarrying the product price decrease was 9.8%, while in…Details
In April ferrous scrap exports totaled 434 thousand tons, up by 26.8% MoM, but down by 36% YoY. According to the customs statistics, in January-April exports reached 1.21 million tons, down by 29.4% YoY, the lowest result for the past 7 years. The main importers were Turkey (34.3%), Belarus (30%) and South Korea (22%). (Ukrainian…Details