Russia is ready for negotiations with the U.S. to cancel 25% steel and 10% aluminum imports duties, Deputy Industry and Trade Minister Viktor Yevtukhov declared on March 26. Yevtukhov also said that Russia was considering contesting the measure in the World Trade Organization (WTO) and retaliating. “The third process is a process of negotiations to…Details
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Severstal will supply 600 tons of rolled metal with polymer coating for the construction of the Dream Island theme park in Moscow. The rolled metal manufactured by Cherepovets Iron and Steel Works will be used to produce sandwich-panels. The tender for their supply has been won by Severstal long-time partner – the company Teplant. The…Details
PJSC ArcelorMittal Kriviy Rih launches a new education project, which is the “Young Engineers” school. Its participants may be the employees’ children aged from 9 to 15 years. The learning program includes chemical and physical experiments, robotics technology, construction, master classes on work with wood and metal. When the young engineers will begin their exciting…Details
In 2017 the Kharkiv Works named after Frunze increased net profit by 30.31% YoY, to 69.6 million UAH. According to the company statement, its assets as of late 2017 totaled 567.436 million UAH. The company current liabilities were on the level of 118.799 million UAH, while the consolidated accounts receivable – on 99.935 million UAH.…Details
The gold-extracting company Pavlik, a part of Arlan, intends to have commissioned the second stage of the mining and processing works at the Pavlik deposits by late 2019. The project presupposes the construction of another gold-extracting factory on the basis of the existing works with the capacity of 5 million tons of ore per year.…Details
Dalzoloto LLC is busy prospecting at the Delken territory. The work started in 2016. In late 2018 the company intends to register at least 10 tons of C1+C2 gold reserves. Forecast resources total 31 tons of R1 gold. On another site the prospecting started in 2017 and is expected to end in 2022. The prospecting…Details
This year the Orotukan Alluvial Company LLC intends to obtain 300 kg of alluvial gold. According to the company statement, the sand-washing season will start on May 1. Last year the company obtained 296.6 kg of gold. The company owns 11 licenses for alluvial gold sites in the Magadan region. (Ukrainian metal)Details
In 2017 the gold-extracting company Priisk Solovievskiy increased revenue by 12% YoY, to 6.605 billion rubles. EBITDA grew by 5.8%, to 2.769 billion rubles. Net profit totaled 2.231 billion rubles, up by 7.6% YoY. The increase of financial indexes has to do with the growth of the gold output. In particular, last year the company…Details
In January-February Ukraine decreased coal mining by 27.57% YoY, to 5.335 million tons. According to the Ministry of energy and coal industry, power-generating coal output dropped by 36.4%, to 3.96 million tons, while that of coking coal grew by 20.3%, to 1.374 million tons. In February coal mining decreased by 27.8% YoY, to 2.676 million…Details
Zabaykalye region intends to implement a pilot project of granting individual entrepreneurs patents to extract gold at lesser deposits and alluvial sites. The project will solve the problem of illegal extraction of gold in the region. The entrepreneurs will be given small sites, rejected by major companies. (Ukrainian metal)Details
The development of the Tekhutskoye mine has not been stopped, it has just been suspended, and the operation will start in late 2018 – early 2019. The program to develop the copper-molybdenum deposits was approved by the government in November 2007. The deposit is the second largest in the country as to copper reserves after…Details
In January-February Kirov Non-Ferrous Metals Processing Works increased the output of copper sheet by 40% YoY. The output started growing in H2 2017, increasing by 24% YoY. The increase has to do with the growth of demand from various local companies due to their modernization. In January the works commissioned a new plate manufacturing line.…Details
A new arc furnace with the volume of 12 tons will start operating in April at ZEMZ. Its capacity is 27 thousand tons of steel per year. Previously the company operated only 2 furnaces, which provided the combined output of 3800 tons of liquid steel per month. The commissioning of another furnace will increase output…Details