After the return of the Zaporozhye Titanium and Magnesium Works to state property, the State Property Fund has invested 120 million UAH in its modernization. Prime cost of manufacture has decreased by 25%. Five bi-polar eletrolyzers have been constructed, which will increase spongy titanium output 2-fold. Moreover, the company will be able to switch to…Details
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In September, Zaporizhstal produced 332.9 thousand tons of pig iron, 284.5 thousand tons of steel and 213.7 thousand tons of rolled metal, down by 13.9%, 12.9% and 22.7% YoY respectively. The decrease is due to capital repairs of the blast furnace No. 3, as well as rolling mills in hot-rolling and blooming shops. In January-September,…Details
Uzbekistan’s leading ferrous metal producer Uzmetkombinat is set to organize a debut issue of corporate bonds. A corresponding agreement was signed with Freedom Finance on September 30 on the sidelines of the Economic Forum in Tashkent. The company also inked an agreement with the consulting firm EY on providing consultations to the joint-stock company on…Details
In January-August, Ukraine exported $175.59 million worth of ferrous scrap, up 27-fold YoY. According to the State Customs Service, in September exports amounted to $18.44 million, up from $1.13 million in September 2020. In 8 months, imports grew 2.05-fold, to $31.81 million, with $2.87 million imported in September. (Ukrainian metal)Details
Novokramatorskiy Machine-building Works has produced 8 ball mills with the central unloading at the order of the Yuzhniy Mining and Processing Works. 5 mills have already been shipped and are being assembled. Three more are being prepared for shipping. Due to their special construction, the mills will increase the processing factory capacity by 10%. 8…Details
One of the largest uranium and gold producers in the world, Uzbekistan’s Navoi Mining and Metallurgy Combinat (NMMC) is set to raise $1 billion from Russia’s VTB bank. A corresponding agreement was signed on the sidelines of the Economic Forum in Tashkent. Under the agreement, VTB will finance the investment program of the plant. The…Details
The government of Armenia has agreed to accept as a gift 25% of the shares of the Zangezur Copper-Molybdenum Combine, according to a document published online. The Office of the Prime Minister of Armenia will be managing the shares once the contract and state registration of property rights is completed within 10 days. The Zangezur…Details
The State Commission on Stocks has approved and put on the state balance C1+C2 reserves of ore gold in the amount of 87.71 tons at the deposit named after Mikhailov in the Republic of Kabardino-Balkaria. Now, this is the largest gold deposit not only in the North Caucasus, but also in the European part of…Details
Dneprovskiy Iron and Steel Combine has begun capital repairs of its sintering machine No. 1. In particular, a new cover will be constructed to localize most of dust emission. As a result of the repair, output is expected to increase by 550 tons per day. Metinvest has channeled 80 million UAH in the repair. (Ukrainian…Details
In April-June, 281.2 thousand people were employed in the mining industry and the development of quarries, up by 1.7% YoY. In Q2 2020, the number decreased by 0.6%, to 276.4 thousand people. Karaganda region increased employment by 2.6%, to 56.8 thousand people. Aktyubinsk region had 41.3 thousand and Mangistau – 39.5 thousand. Average wages amounted…Details
In January-July, Russia extracted 233.79 tons of silver. Far Eastern regions accounted for 210.66 tons. In particular, Magadan region yielded 92.8 tons, Chukotka – 62.8 tons, Yakutia – 22.9 tons and Zabaikalye – 13 tons. Less than 10 tons was extracted in Khabarovsk region (8.8 tons), Kamchatka (4.9 tons) and Priamurye (2.7 tons). Sakhalin region…Details
In January-August, the state enterprise Vostochniy Mining and Processing Works decreased uranium concentrate output by 44.2% YoY, to 280.1 tons. Uranium ore output dropped by 17.8%, to 276.3 thousand tons. Concentrate price decreased by 40.4%, to 815.8 million UAH. (Ukrainian metal)Details
Metinvest-SMC LLC has won two auctions in the Prozorro. Public purchases system to supply 5.8 thousand tons of rail pads with the combined cost of 245.9 million UAH to Ukrzaliznytsia. In particular, the company has to supply 4.7 thousand tons of 1KB-65 pads for 199.8 million UAH and 1.080 thousand tons of 1KB-50/65 pads for…Details