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The price of one ounce of gold decreased by 22.5335 manats or by 1.03% last week in Azerbaijan. The average price of one ounce of gold stood at 2,174.4581 manats. The price of one ounce of silver dropped by 0.7198 manats or by 2.8%, to 25.2469 manats. The price of one ounce of platinum fell…
DetailsThe salary debt to miners exceeds 400 million UAH. “Recently a decision has been taken to transfer some funds from the state budget to clear the debt. I believe soon the wage arrears will be paid”, deputy minister of energy and coal industry Anatoly Korzun declared. (Ukrainian metal)
DetailsKolmar will be the main coal shipper in Yakutia via railroad in 2019, as it intends to transport 6.8 million tons. Thus, average monthly volumes will be 550 thousand tons. Regional railways plan to transport 7.6 million tons of cargo this year, up by 38% YoY. Thus, Kolmar will account for 89.5%. (Ukrainian metal)
DetailsIn January-March, Metalloinvest decreased iron ore output by 2.9% YoY and by 7.2% QoQ, to 9.6 million tons. The decrease has to do with the scheduled repair of machinery at Lebedinsky Mining and Processing Works, as well as the change in the quality of ore mined at LGOK and Mikhailovsky GOK. The manufacture of pellets…
DetailsArcelorMittal 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…
DetailsEnergomashspetsstal 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…
DetailsRZOTsM 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)
DetailsIn 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…
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