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Despite 2 years of war, Interpipe will raise wages to its employees from March. On average, salary will grow by 20%. Last time Interpipe increased wages was last year. On March 1, 2023, wages grew by 15% on average. Interpipe employs around 10 thousand people. In 2023, the company paid 4.4 billion UAH to the…
DetailsOn February 15, Sukhaya Balka will hold a remote meeting of its shareholders. The enterprise is one of the major mining enterprises of Ukraine. It mines iron ore and consists of the Yubileynaya mine and the Mine named after Frunze. DCH bought the enterprise from Evraz in 2017. (Ukrainian metal)
DetailsThe department of subsoil use of the Far Eastern District will auction two deposits of alluvial gold in Chukotka. The auctions are scheduled for April 1. The deposit at the Shumniy Brook will have the starting price of 6.041 million rubles. Its C1 reserves amount to 86 kg, but require additional prospecting. The starting price…
DetailsIn January, Zabaikalskiy region transported 1.7 million tons of cargo via railroad, up by 16.1% YoY. In particular, coal transportation increased by 9.9%, to 1.06 million tons, iron and manganese ore – 1.6-fold, to 345.4 thousand tons, non-ferrous ore – by 45.7%, to 42.6 thousand tons, and ferrous scrap – by 16.6%, to 6.3 thousand…
DetailsIn 2023, Norilsk Nickel net profit plummeted by 51% YoY, to $2.87 billion. EBITDA dropped by 21%, to $6.9 billion. Revenue fell by 15%, to $14.4 billion. Capex decreased by 29%, to $3 billion due to the weakening of the Russian currency. (Ukrainian metal)
DetailsKazakhstan has imposed a ban on the export of ferrous metals scrap and wastes via the railroad border points of Zhaisan (Aktyubinsk region), Aksu (Kostanay region) and Auyl (Abai region). The decision was taken due to the shortage of raw materials for the domestic processing enterprises and the imposition by neighbouring countries of scrap exports…
DetailsThe General Prosecutor’s Office of Russia has demanded to transfer three plants of Chelyabinsk Electrometallurgical Works (ChEMK) to the state ownership, the products of which are used by the military complex. The basis for the nationalization is cited as illegal privatization of the enterprises in the 1990s and exports to the USA. The claim was…
DetailsIn December 2023, Ukraine exported 116.85 thousand tons of pig iron to the USA, up by 74.7% MoM and 2.6-fold YoY. In 2023, exports totaled 1.055 million tons, up by 91.7% YoY. Compared with pre-war 2021, exports decreased by 37.3%. Last year, average monthly exports amounted to 85.29 thousand tons, in 2022 – 45.85 thousand…
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