Due to the increase of capacity, Almalyk Mining and Processing Works produced 12782 tons of raw copper in March, up from the target of 11760 tons. Average daily output was 460 tons, more than the target of 379 tons. Anode copper output target was set at 13493 tons, with 450 tons per day, but the…Details
In 2018 Mariupol Ilyich Iron and Steel Works received 3.37 billion UAH of net profit as opposed to 828.06 million UAH of net losses in 2017. EBITDA reached 4.14 billion UAH (-966.21 million UAH in 2017). Net income grew by 39.7%, to 79.09 billion UAH. Undistributed profit in late 2018 totaled 3.72 billion UAH. Last…Details
“It is extremely important for exploration of new uranium objects in the region to be carried out only under the condition of maximum observance of environmental and technical safety,” Special Representative of the European Union for Central Asia, Peter Burian, declared. According to him, at the last donor conference on reclamation of uranium facilities in…Details
Donetsk region mining business continues increasing wages to its employees. As a result, some underground professions already exceed the average level of salary in Poland and the Czech Republic for Ukrainian workers. Average increase in wages reaches 15%. The growth will cover over 10 thousand employees of 8 companies-partners of Donetskstal, including the Pokrovskoye Mine…Details
In 2018 the United Mining and Chemical Company received 114.9887 million UAH of net profit, down 3.9-fold YoY.
EBITDA dropped by 60%, to 220.7 million UAH.
At the same time the net income increased by 12.5%, to 3.213 billion UAH.
Undistributed profit as of late 2018 totaled 115.087 million UAH. (Ukrainian metal)
Rusal has placed 10-year bonds valued at 15 billion rubles. The interest rate is 9%. Initial volume of bonds was 10 billion rubles, but the demand allowed the company to increase it to 15 billion. This is the first issue of bonds by Rusal after the sanctions from it have been lifted. In January 2018,…Details
On April 25, an explosion occurred at the Skhidcarbon mine in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia.
So far, bodies of three miners have been brought to the surface. The fate of 14 more is still unknown.
The accident happened at the depth of 300 meters. (Ukrainian metal)
Novgorodsky Iron and Steel Works has renewed its special machinery fleet.
In particular, the company has received a new Linde H20T-01 forklift truck with the lifting capacity of 2 tons.
The cost of the new machine totaled 2 million rubles.
The new truck will be used in the copper electrolysis shop. (Ukrainian metal)
Sinarsky Pipe Works has commissioned two new electric bridge cranes.
The cranes have been assembled in the pipe-rolling shop No. 2.
The company intends to replace 10 cranes. (Ukrainian metal)
On April 29, 1974, Evraz ZSMK converter shop No. 2 produced its first steel. At present the shop operates 2 converters with the volume of 320 tons. In 2017, one of them was replaced. Soon another will follow. In 2002 the plant commissioned the largest continuous casting machine in the world. In 3 years, the…Details
In the incomplete January-April, Seligdar sold 1035 kg of gold. Until the end of April the company intends to sell 220 kg more.
Thus, sales will total 1255 kg, up from 406 kg in January-April 2018.
In 4 months, Poisk team has yielded 65.668 kg of gold, up from 39.131 kg last year. (Ukrainian metal)
Prices of precious metals increased in Azerbaijan on April 26 compared to the prices on April 25. Thus, the price of gold grew by 7.7435 manats, to 2,176.0255 manats per ounce. The price of silver went up by 0.151 manats, to 25.4915 manats per ounce. The price of platinum increased by 10.302 manats, to 1,512.49…Details
Rally against uranium mining at Tash-Bulak deposit in Kyzyl-Ompol village of Issyk-Kul region started in Bishkek. Participants of the protest demand to instruct the licensing commission of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan to conduct immediate audit and cancel over 35 previously issued licenses for geological exploration, sampling, mining and…Details
Sales of coal concentrate of the Russian coal producer Raspadskaya rose by 4% YoY, to 1.962 million tons in January-March, the company said in a statement on April 26. Export sales grew by 9%, to 1.467 million tons, while domestic sales fell by 9%, to 495,000 tons. Green coal production rose by 30%, to 3.916…Details
The Antimonopoly Committee of Ukraine has fined DCH Group for 58 million UAH for the violation of the economic competitiveness protection legislation while purchasing Dneprovsky Iron and Steel Works shares from Evraz, but still allowed the concentration. The committee has studied the case of DCH buying the DMZ and fined the former for buying the…Details
In January-March, Belarus Iron and Steel Works received $800 million of revenue, up by 124.4% YoY. Exports accounted for 85% of the revenue, growing by 13%, to $310 million. 555 thousand tons of metal were shipped to 48 countries. Steel output in 3 months went up by 32%, to 641 thousand tons, rolled metal –…Details
In January-March, Norilsk Nickel increased nickel output by 3.4% YoY, to 56 thousand tons.
The manufacture of the company own raw materials grew by 2.8%, to 55 thousand tons.
The output of copper went up by 13%, to 127 thousand tons. Almost everything was produced from own raw materials. (Ukrainian metal)
In January-March, Kuzbassrazrezugol enterprises mined 11.5 million tons of coal, up by 1.7% YoY, including 1.4 million tons of coking coal. 11 million tons of coal were shipped to customers, up by 4.3%. Exports accounted for two thirds of all sales – 7.4 million tons, with 3.6 million tons delivered to the local market. In…Details
The authorities of the Volgograd region are studying the offers of investors ready to provide $100 million for the development of the Krasniy Octyabr Iron and Steel Works when the enterprise finishes the bankruptcy procedure. The investors have not been named, but at the same time the authorities are consulting with the Ministry of Industry…Details
The first major international research Randstad Employer Brand Research 2019 was held in Ukraine to study employers’ attractiveness. Its results have proved that ArcelorMittal Kriviy Rih is the most attractive employer within steelmaking and mining industry in Ukraine. The company was presented with a certificate in Kyiv at the First awards ceremony for the most…Details
The Antimonopoly Committee of Ukraine has punished the TAS Group of Companies belonging to Sergey Tigipko for 55 million UAH for buying Dneprometiz without the committee’s consent. The committee has studied the case of TAS taking control of Dneprometiz and violating the competitiveness legislation. Thus, the committee has denied Tigipko buying Dneprometiz. Severstal sold Dneprometiz…Details
Equipment is being moved out of the uranium deposit, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev announced today at the meeting of the Parliament. According to him, all work on the field is suspended. Machinery will be removed in the coming days. The First Deputy Prime Minister Kubatbek Boronov left for Issyk-Kul region. He will…Details
Chelyabinsk Iron and Steel Works increasing volumes of blast furnace dust – the main type of metallurgical waste. The dust is collected and reused in the manufacture of sinter, the main raw material to produce pig iron. Blast furnace dust contains some 40% of iron. In order to process the dust ChMK has commissioned a…Details
Verkhnevolzhsky Service Metal Center in Ivanovo region with the help of a loan of 209.9 million rubles from the Fund of the industry development intends to master the technique to apply hot-rip galvanizing to metal wares. The company will provide such services to other customers, as well as galvanize its own products. The cost of…Details