In March world pig iron manufacture decreased by 1.37% YoY, to 100.7 million tons. According to World Steel, in 3 months pig iron output dropped by 0.56% YoY, to 290.875 million tons, with China still being the leader with 60.455 million tons produced in March. Ukraine in March produced 1.678 million tons of pig iron…Details
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The prices of gold, silver, platinum increased, while the price of palladium decreased in Azerbaijan on May 4, according to the data published by the Central Bank. The cost of gold increased by 5.5675 manats, to 2231.5985 manats per troy ounce compared to the price on May 3. The cost of silver increased by 0.0462…Details
Ukraine: AMKR on the start of reconciliation procedures with the representatives of labor collective
The meeting of employer PJSC ArcelorMittal Kriviy Rih and the representatives of labor collective began on May 3 with a purpose to start reconciliation procedures. As of early May 4, it has already lasted for over 18 hours. The employer signed an agreement regarding the creation of reconciliation commission in order to settle collective labor…Details
In April 3 of Metinvest companies became the largest receivers of VAT: Azovstal, Mariupol Ilyich Iron and Steel Works and Zaporizhstal. According to the State Treasury of Ukraine, Azovstal was reimbursed 691.8 million UAH as opposed to 378 million UAH in March. Mariupol Ilyich Iron and Steel Works retained the second place (530.8 million UAH…Details
In April angle (63×6) prices in the Central region decreased by 15%, to 43 thousand rubles per ton. Price change on B1-30 beams totaled only 0.1%, to 54.5 thousand rubles. Flat galvanized rolled metal saw the highest increase in price – 4.05%, to 58 thousand tons per ton. It is followed by the hot-rolled sheet…Details
In April Uzmetkombinat produced the record-high volume of rolled metal – 94.5 thousand tons, including 27.7 million tons of milling balls. The company is one of the largest metal enterprises in the country. In January-April output totaled 336.9 thousand tons. (Ukrainian metal)Details
Highland Gold Mining Ltd has selected a company to design the processing factory at the Kekura deposits in Chukotka. According to the company statement, this is Spb-Gyproshakht LLC. This year HGM plans to start construction of infrastructure at the deposits. In 2019 Kekura will be connected to the grid. The JORC resources of the deposit…Details
In January-March Magadan region mined 223.3 thousand tons of coal, up 1.8-fold YoY. Kolyma Coal Company LLC, developing the Verkhne-Arkagalinskoye deposits, has provided for 70% of the total volume. In 2017 Magadan region coal enterprises decreased mining by 16.7% YoY, to 330.9 thousand tons. (Ukrainian metal)Details
In January-March the enterprises of GeoProMining LLC – Sarylakh-Surma and Zvezda – produced 4.7 thousand tons of 30% antimony concentrate in the Republic of Sakha (Yakutia), down by 4% YoY. According to the regional ministry of industry, this year the republic intends to produce 22.45 thousand tons of antimony concentrate. Last year 20.4 thousand tons…Details
Uchaly Mining and Processing Works has received a new Sandvik LH514 loader. This is the third loader to arrive at the works in the past 3 years. The cost of the machine exceeds 40 million rubles. The lifting capacity of the loader is 14 tons. It will operate underground. (Ukrainian metal)Details
Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world. In December 2015 Metinvest claimed having employed 94 thousand people. Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)Details
In January-April Ukraine increased pig iron output by 9% YoY (including results of January-February 2017 at the uncontrolled territories of Donbass), to 6.89 million tons. Without the Russia-seized territories the output grew by 18%. Steel smelting dropped by 1% with seized territories, but increased by 5%, to 6.9 million tons without them. Rolled metal output…Details
Russian state geological exploration company Rosgeo plans to explore the Paramushir Island, one of the Kuril Islands, and the water area around it in the coming field season searching for mineral deposits, including gold, the Far Eastern department of the company said in a statement on May 4. The company plans to conduct the exploration…Details