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Ukraine: UGOK output down in April 2022

In April, Yuzhniy Mining and Processing Works decreased iron ore concentrate production by 22.9% MoM, to 316.9 thousand tons. In April 2021, output totaled 1.03 million tons. Some concentrate was shipped to Zaporizhstal. There are no opportunities to ship raw materials to Asia and North Africa. In January-April, UGOK produced 3.1 million tons of concentrate,…

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Ukraine: Metinvest to sue Russia for Azovstal and Mariupol Ilyich destruction

Metinvest is preparing lawsuits against Russia for the destruction of Azovstal and Mariupol Ilyich Iron and Steel Works. The estimated amount of lawsuits is $10 billion. “The pre-war capitalization of our plants was $10 billion. We are preparing lawsuits to make Russia pay for all the damages inflicted,” Metinvest main shareholder Rinat Akhmetov has said.…

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Ukraine: Rusal quarry arrested

A court has arrested Glukhovskiy Quartzite Quarry LLC belonging to Rusal. According to the General Prosecutor’s Office, the quarry illegally extracted high-quality quartzite, silicon and ferrosilicon at the Banitskoye deposit in Sumy region. After that the raw materials were illegally exported to Russia and sold for the benefit of the military complex, in particular, for…

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