Co-owner of the ATB, a major retail network, Gennadiy Butkevich has become a major owner of the Nuclear Energy Systems of Ukraine LLC, which in 2017 obtained a right to develop 4 uranium deposits. Butkevich now owns 83.4% in the company. NESU has the licenses to develop Safonovskaya and Mikhailovskaya uranium fields in Nikolayev region,…Details
As of December 1, 2018 the salary debt to state miners was over 196 million UAH.
The total indebtedness was 234.7 million UAH, up by 84.1 million UAH since the start of the year.
Recently the Kurakhovskaya mine employees have announced a hunger strike because of non-payment of salary. (Ukrainian metal)
Hunger strikes at Selidovugol mines have been going for a week already. The Kurakhovskaya mine employees have been joined by another laboratory worker. While some other laboratory employees are not striking, they nevertheless refuse to work, until they are paid salary for the past 4 months. The strikes began on January 2. On January 4…Details
The State Expertise Service has approved the project to construct a mine at the Yubileynoye deposit. It is expected that 78,399 cubic meters of rock will be in development for 7 years. The reserves of the deposit are over 100 million tons of copper ore. At present Bashkirskaya Med LLC is developing some parts of…Details
OTP Bank has sold the rights to demand teh return of the problem loan from Interpipe with a discount of up to 80%.
The loan of $10 million was provided in 2013.
Lately the company has not been servicing the debt in full. (Ukrainian metal)
An employee of ArcelorMittal Kriviy Rih has perished as a result of the falling under the wheels of a BelAZ.
According to the press-service, the department of the National police in Kriviy Rih has started an investigation under the clause of the labor safety violation. (Ukrainian metal)
Last year Dneprovsky Iron and Steel Works decreased rolled metal output by 1.4% YoY, to 789 thousand tons. Steel manufacture grew by 0.4%, to 921 thousand tons, while pig iron dropped by 12.4%, to 892 thousand tons. In December 2018 the company produced 81 thousand tons of rolled metal, 93 thousand tons of steel and…Details
Shyrokovskyi district requested PJSC ArcelorMittal Kriviy Rih to purchase New Year gifts for children. 558 sweet sets were handed over to the community. Funds for gifts purchasing were provided by the Charity Fund of the company. Before the New Year, the children from fourteen villages of the community, on which territory there are three kindergartens…Details
An interdepartmental working commission has been established to study the situation at Kum-Bel coal deposit, the Information Support Department of the Cabinet of Ministers reported. “Problems that have arisen at Kum-Bel coal deposit are being studied now. Samples were taken for water analysis. According to the materials of the interdepartmental working group, they will make…Details
The prices for precious metals varied in Azerbaijan on January 9. The price of gold decreased by 1.581 manats, to 2,179.6805 manats per ounce compared to the price on January 8. The price of silver grew by 0.1311 manats, to 26.5624 manats per ounce. The price of platinum went up by 4.879 manats, to 1,399.0575…Details
Ukraine has covered the quotas for the delivery of metal products to EU by 55-100%. As of January 7, Ukraine has supplied 2.72 million tons of hot-rolled metal to EU, or 63.734% of the quota. The quota for the cold-rolled metal has been 54.93% fulfilled (724 thousand tons supplied), plates – 60.35% (870 thousand tons),…Details
In 2018 Ferrexpo increased pellets output by 1.6% YoY, to 10.6 million tons. According to the group statement, in Q4 2018 it produced 2.9 million tons of pellets, up by 7.2% QoQ. This year Ferrexpo expects pellets output on the last year level due to some repairs. Sales in 2018 will amount to 10.2 million…Details
The prices of precious metals dropped in Azerbaijan on January 8. The price of gold decreased by 9.945 manats, to 2,181.2615 manats per ounce compared to the price on January 7. The price of silver fell by 0.4041 manats, to 26.4313 manats per ounce. The price of palladium went down by 11.6365 manats, to 2,212.8135…Details
Currently, Kazatomprom JSC develops 14 of 56 explored deposits with balance reserves of uranium, the company reported. Today the company, which is the world’s largest producer of natural uranium, is engaged in mining in the Turkistan, Kyzylorda and Akmola regions. “All uranium products of Kazatomprom are exported. Over the past months of this year, the…Details
Korea Institute for Rare Metals (KIRAM) and Almalyk Mining and Processing Works will create a joint scientific center on rare metals and alloys. The corresponding agreement has already been signed. The center will comprise 5 laboratories to obtain refractory metals, in particular, tungsten and molybdenum, as well as alloys using nano- and chemical-metallurgical techniques. (Ukrainian…Details
Last year the prices of industrial manufacturers grew by 19% YoY. According to the Statistics Committee of the Ministry of the National Economy, in particular, coal became 10.7% more expensive and metallic ores – 2.2%. Prices of ferroalloys grew by 24%, of rolled metal – by 15.4%, of aluminum – by 3.8%, and of copper…Details
In 2018 Zaporizhstal increased steel production by 4.6% YoY, to 4.105 million tons. According to the company statement, pig iron manufacture grew by 15.6%, to 4.386 million tons, and rolled metal – by 10%, to 3.537 million tons. In December 2018 Zaporizhstal produced 358 thousand tons of pig iron, 344.1 thousand tons of steel and…Details
Magnitogorsk Iron and Steel Works (MMK) has transferred 10 million rubles to a special bank account set up to raise funds to support people affected by the collapse of a residential building in Magnitogorsk. The funds raised are being distributed by the Ministry for Social Relations in the Chelyabinsk region among those affected. Recipients include…Details
In late January the government will finally decide on how to use the territory of the insolvent KVV Liepajas metalurgs. So far the only company, which has bought a shop in order to resume operation there, is Caljan Rite – Hite Latvia. The company produces various conveyers. It has purchased the shop with the size…Details
Another deputy chairman has been appointed in AzerGold, the company reported. Khayyam Farzaliyev has been appointed deputy chairman of the AzerGold board, the company said. The management of AzerGold is headed by Zakir Ibrahimov. After Farzaliyev’s appointment, Ibrahimov has two deputies. Earlier, only Ogtay Mammadov was his deputy. AzerGold CJSC started operating in July 2016,…Details
In 2018 Dneprovsky Iron and Steel Combine increased rolled metal output by 81.5% YoY, to 2.41 million tons. According to the company press-service, steel manufacture grew by 77%, to 2.413 million tons, and pig iron – by 85.3%, to 2.461 million tons. In December 2018 DMK produced 204 thousand tons of rolled metal, 221 thousand…Details
In 2018 Azovstal Iron and Steel Works increased rolled metal output by 1.8% YoY, to 3.879 million tons. According to the company statement, its steel manufacture dropped by 4.2%, to 4.082 million tons, while pig iron – by 1.9%, to 3.707 million tons. In December 2018 Azovstal produced 350 thousand tons of rolled metal, 358…Details
The government of Uzbekistan has approved the main parameters of the Uzbekkhimmash investment project feasibility study to modernize its casting manufacture with the construction of a new shop. According to the Cabinet of Ministers, the modernization should be ready by December. The cost of the project is $23.77 million, with investments into new machinery amounting…Details
The department of the State Property Fund of Ukraine in Dniepropetrovsk region has sold the rectification shop of the Dneprovsky By-Product Coke Plant at an electronic auction. The price of the lot was 8.713 million UAH. The agreement with the buyer was concluded on December 26, 2018. The auction was held on November 27, 2018,…Details