ArcelorMittal Kriviy Rih has started the final stage of the bar mill No. 250-4 reconstruction. 90% of the machinery has already been assembled. The total cost of the project is $55 million. Danieli supplied all the equipment. The design capacity of the mill after reconstruction will reach 1.052 million tons of rebars per year. (Ukrainian…Details
Energomashspetsstal has received a new order to produce working rolls for Azovstal. The new order envisages the manufacture of 22 working rolls for the hot-rolling mills with the weight of 6 to 16 tons. The total weight of the rolls to be supplied is 182.4 tons. The rolls have to be delivered in Q2-Q3 and…Details
RZOTsM has assembled a pipe-drawing mill manufactured by Irkutsk Heavy Machinery Works.
The mill has been specifically designed for Revda Works to produce cold-drawn pipes with the diameter of 100 to 310 mm of copper and copper alloys.
All the assembly work has been completed. (Ukrainian metal)
In 2018 Yuzhkoks increased its net income by 33.9% YoY, to 4.536 billion UAH. Net profit totaled 23.516 million UAH as opposed to 5.363 million UAH of net losses in 2017. EBITDA grew 18-fold, to 29.715 million UAH. Undistributed profit as of late 2018 totaled 483.916 million UAH. The company current liabilities increased 14.1-fold, to…Details
In January-February metal companies decreased rolled metal consumption by 16.2% YoY, to 555.9 thousand tons. Imports accounted for 186.9 thousand tons, or 33.6%. In January-February 2018, the domestic market consumed 663.1 thousand tons of rolled metal, including 193.1 thousand tons, or 29.1% of imported metal. In 2 months Ukraine produced 3.08 million tons of rolled…Details
The shareholders of ArcelorMittal Kriviy Rih decided to spend all the profit of 2018 on the development of the company.
Last year the company increased its net profit almost 2-fold, or by 84.2%, to 9.51 billion UAH.
Net income grew by 3%, to 68 billion UAH. (Ukrainian metal)
State coalmining enterprises and mines managed by the Ministry of energy and coal industry in 2018 received a consolidated loss of 2.69 billion UAH, down by 16.5% YoY. In particular, Lvivugol, which mined 1.413 million tons of coal, received 457 million UAH of net loss, up 3.1-fold YoY, and 791.99 million UAH of net income,…Details
During underground work three people were injured at the Yubileynaya mine of Sukhaya Balka in Krivoy Rog.
The help of the rescuers was not needed, as the colleagues of the miners were able to repair the machinery and brought them to the surface.
All the three miners suffered from the electric shock. (Ukrainian metal)
Canadian company Centerra Gold Inc. announced results of elections of its Board of Directors. There are 3 representatives of Kyrgyzstan among 11 people. Dushen Kasenov and Maksat Kobonbaev became new members of the Board of Directors from Kyrgyzstan. In addition, Askar Oskombaev remained in the Board of Directors. The Board of Directors of Centerra Gold…Details
“We conduct rehabilitation and reclamation of tailings only at the expense of international donors,” the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov said at a meeting of the Parliament. At least 94 million soms of budget funds have been spent on maintenance of tailing dumps. Planned expenses are 134 million soms. “Previously, 3 million…Details
Charan LLC, extracting gold in the Republic of Sakha (Yaukutia) at the auction won the right to develop an alluvial gold site at the Rachyu Brook.
The company competitor was Sibresursproekt LLC.
Charan offered 1.320550 million rubles for the site. (Ukrainian metal)
“As for Kyzyl-Ompol, position of the State Committee of Industry, Energy and Subsoil Use is such that we have to support the investor,” said Emil Osmonbetov, Chairman of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan. “If there are violations, then it is necessary to apply measures within the framework of the…Details
In January-March, Revda Non-Ferrous Metals Processing Works increased output by 47% YoY. The Q1 target was exceeded by 3.8%. In particular, rolled copper manufacture grew by 46.3%, tinplate – by 56.8% and nickel – by 33.8%. Kirov Non-Ferrous Metals Processing Works increased non-ferrous metals output by 18%. Copper Pipes Plant increased imports by 17%. (Ukrainian…Details
Current composition of the government of Kyrgyzstan has not issued a single prospecting license, the First Deputy Prime Minister Kubatbek Boronov announced at the meeting of the Parliament. According to him, many protesters against the development of deposits say they do not believe the decisions of the government. “This decision was made precisely because the…Details
In March, Russia produced 5.79 million tons of steel, down by 6.9% YoY. In 3 months output totaled 16.81 million tons, down by 5.3% YoY. Ukraine, though no longer a part of CIS, increased output in March by 15%, to 1.968 million tons, with 5.507 million tons produced in 3 months, up by 4.6%. Kazakhstan…Details
At present, work on issued uranium exploration licenses in Kyrgyzstan is not carried out in full, Emil Osmonbetov, Chairman of the State Committee for Industry, Energy and Subsoil Use, said at a meeting of the Parliament. The First Deputy Prime Minister Kubatbek Boronov said that, according to updated data, 18 licenses for prospecting and exploration…Details
Zaporizhstal has successfully passed a re-certification audit and received a certificate of the correspondence to provide railroad transportation services. The specialists have inspected the systemic work of the company to replace rolling stock, provide for safety at all the stages of the transportation process and advanced training of the personnel. Since 2017, Zaporizhstal has been…Details
Law on biosphere zone of Issyk-Kul lake is not violated because of uranium exploration at Tash-Bulak deposit, Head of the State Agency for Environmental Protection and Forestry, Abdykalyk Rustamov, said at a meeting of the Parliament. According to him, Kyzyl-Ompol group of uranium deposits is located in the rehabilitation zone of Issyk-Kul biosphere territory. The…Details
In April, Ukraine produced 1.98 million tons of steel, up by 0.8% MoM. Pig iron manufacture grew by 2.1%, to 1.87 million tons, while that of rolled metal dropped by 1.7%, to 1.67 million tons. In January-April, Ukraine produced 7.08 million tons of pig iron, 7.49 million tons of steel and 6.43 million tons of…Details
A rally against uranium mining took place in Karakol city, a human rights activist Kamil Ruziev reported. According to him, the protest was held at the city stadium. “About 100 people participated in it. Our main demand is to stop mining and development of uranium. We indicated our demand in the resolution,” said Kamil Ruziev.…Details
In 2018 the Central Mining and Processing Works received 2.254 billion UAH of net profit, down by 16.8% YoY.
Net income grew by 5.7%, to 11.338 billion UAH.
Undistributed profit as of late 2018 totaled 5.788 billion UAH.
EBITDA decreased by 22.3%, to 2.568 billion UAH. (Ukrainian metal)
In 2018 Panteleymonovka Refractory Works was idle, as in 2016-2017 due to being situated in the military operations zone on the Ukraine-uncontrolled territory. Last year the company received 1.801 million UAH of net profit as opposed to 1.813 million UAH of net losses in 2017. The average number of employees last year was 55 people,…Details
“YurAsia company obtained a license for prospecting only, and now the company does not have permits for development,” the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov said at a meeting of the Parliament. Members of the Parliament heard the information of the government on measures to ensure radiation safety of the population of Kyrgyzstan.…Details
In 2018 three mining and processing works of the Metinvest Group received the consolidated net profit of 15.8 billion UAH. In particular, Ingulets Mining and Processing Works received 5.3 billion UAH of net profit, down by 11.9% YoY. Its net income grew by 19.1%, to 18.7 billion UAH. Severny GOK increased net profit by 5.4%,…Details