Energy and Coal Industry Minister Ihor Nasalyk said that the function of managing state-owned enterprises should not fall within the ministry’s competence. He stated this at a meeting with experts of the government-public initiative “Together against corruption”, the Energy and Coal Industry Ministry’s press service reported. “The ministry should be responsible for forming policy and…Details
In April, the Southeastern railroad transported 6.909 million tons of cargo, with 28.195 million tons transported in 4 months. In particular, the transportation of coal increased by 168.3% YoY, to 120.7 thousand tons, iron and manganese ore – by 4.9%, to 13.7 million tons, ferrous scrap – by 24.3%, to 92.8 thousand tons, refractories –…Details
A special front-end cutter allows preparing long faces for coal mining faster and makes drifters work safer. There are only two such machines in Ukraine. The third Corum machine will operate at the Pavlograd Mine Group. The capacity of the machine is 1.5 tons per minute. The machine can increase the speed of the excavation…Details
One of the largest metal-processing enterprises in the Baltic States – RK Metāls grupa – last year received 20 million euro, up by 40% YoY. “We used to take as many orders as we could take care of. This limited our possibilities. A year or two ago we changed our approach. We now take as…Details
The Metinvest Green Center has held a competition “100 yards” on the urban improvement of Kriviy Rih. This year, 197 projects were submitted for the competition. The projects have been evaluated by specialists from the site improvement and housing spheres, citizen representatives and miners. The competition has been running since 2016, and so far Metinvest…Details
In January-April Ukraine exported 858.06 thousand tons of pig iron valued at $281.94 million, down by 16.2% and by 17.2% YoY respectively. According to the State Fiscal Service, the main customers were USA (55.6%), Italy (12.88%) and Turkey (9.44%). At the same time Ukraine imported 221 tons of pig iron valued at $356 thousand, as…Details
On May 6, an employee was injured at ArcelorMittal Kriviy Rih.
The accident happened at the blast furnace shop No. 1 bin trestle.
The Industrial Service Company LLC employee was loading sinter and got burned. (Ukrainian metal)
In January-April, Ukraine exported 2.383 million tons of carbon steel semi-finished products valued at $990.036 million, up by 5.3%, but down by 5.4% YoY respectively. According to the State Fiscal Service, the main customers were Italy (30.61%), Egypt (17.41%) and Algeria (8.42%). In 4 months Ukraine imported 25.458 thousand tons of steel semis valued at…Details
On May 10, three auctions to sell scrap via the Prozorro electronic system, organized by Ukrzaliznytsia, were declared not taken place. The Ukrainian Railways intended to sell three lots: – 4 thousand tons of steel shavings for 17.4 million UAH; – 0.5 thousand tons of various scrap for 2.9 million UAH; – 0.04 thousand tons…Details
TMK postpones the SPO of its Romanian enterprise TMK-Artrom. TMK Europe intended to place 69 million shares of TMK-Artrom or 59.3955%. Moreover, the main shareholder demanded to hold a meeting of shareholders to cancel the previous decision to increase statutory capital. SPO was announced in late April. TMK-Artrom has a 16.1% share on the seamless…Details
Precious metal prices decreased in Azerbaijan on May 10 compared to the prices on May 8. The price of gold dropped by 0.7225 manats, to 2,187.3900 manats per ounce. The price of silver fell by 0.2697 manats, to 25.1462 manats per ounce. The price of platinum went down by 29.461 manats, to 1,457.5290 manats per…Details
Tulachermet has replaced its bridge crane. The preparation for the replacement lasted for a week. The 10-storey high crane had to be set in place without damaging nearby pipelines. At present the engineers are preparing to test the crane. After the inspection it will be put into operation, and the old crane will be disassembled.…Details
After a scheduled 2-week repair NLMK has put its blast furnace No. 7 Rossiyanka into operation. The repair allowed the group to start reconstruction of the blast furnace No. 6. The reconstruction, to last for some 130 days, will start in late May. During this period, Rossiyanka will provide over a third of all pig…Details
The board of directors of Buryatzoloto, a part of Nordgold, developing the Zun-Kholba and Irokinda deposits in the Republic of Buryatia, decided to transfer licenses to its daughter companies. In particular, Zun-Kholba LLC will be operating at the Zun-Kholbinskoye gold ore deposit as well as prospecting at the Pionerskoye deposit. The company will have 6…Details
In January-April, Ukraine exported 3.812 thousand tons of coke valued at $909 thousand, down 2.3-fold and 2.6-fold YoY respectively. The main customers were Romania (36.7%), Russia (20.77%) and Moldova (20.55%). At the same time, coke imports dropped by 13%, to 389.6 thousand tons valued at $120.63 million, down by 14.1%. The main suppliers were Russia…Details
Specialists of the German company Achenbach Buschhutten, one of the world’s leading manufacturers of aluminum alloys, have conducted an audit of the technical equipment of the company CNPT, launched in 2013 at the Ganja Aluminum Plant, the Azerbaijan Industrial Corporation (AIC) reported. Specialists of the German company conducted the audit at the invitation of the…Details
In January-March, Polyus Verninskoye produced 2.08 tons of gold, up by 30% QoQ and by 14% YoY.
Average gold content grew by 10% QoQ, to 2.9 g per ton.
Rock mining increased by 35%, to 5.6 thousand tons.
Ore output totaled 978 thousand tons, up by 51% QoQ. (Ukrainian metal)
In March, Russia produced 4.15 million tons of pig iron, down by 7.1% YoY, with 3.75 million tons produced in February. In Q1 pig iron output dropped by 6.9% YoY, to 12.05 million tons. Ukraine, though no longer a part of CIS, in March increased pig iron output by 9.3% YoY, to 1.834 million tons,…Details
In April, Zabaikalye railroad transported 1.3 million tons of cargo, up by 7.6% YoY. In January-April, transportation grew by 8.5% YoY, to 5.9 million tons. In particular, the railroad transported 3.7 million tons of coal, up by 3.4%, 136.3 thousand tons of ferrous scrap, up by 14%, 106.7 thousand tons of metal wares, up by…Details
ArcelorMittal Kriviy Rih is completing the preparation of its social facilities for summer season. They are three country tourist camps, two children’s camps and two health complexes on the Black and Azov seaside. The maintenance of all social facilities, including Dzherelo sanatorium-preventorium, will cost the company UAH 103 million. In addition, the metallurgical plant will…Details
In January-April, Ukraine imported 22.404 thousand tons of scrap valued at $11.368 million, up by 76.4%, but down by 0.6% YoY respectively.
The main suppliers were Russia (49.09%), Turkey (43.03%) and Korea (3%). (Ukrainian metal)
Kamensk-Uralsky Iron and Steel Works decided not to publish its financial report on 2018. The financial results will be approved at the general meeting of the shareholders on May 23. In 2017, KUMZ received 24.98 billion rubles of revenue, up by 10% YoY. Sales profit grew by 10%, to 3.97 billion rubles, but net profit…Details
In January-April, Sverdlovsk region railroad transported 11.9 million tons of cargo, up by 0.2% YoY. In April throughput dropped by 0.9%, to 17.5 billion ton-km. In particular, transportation of ferrous metals grew by 7.9%, to 3.6 million tons, of ferrous scrap – by 0.3%, to 728.4 thousand tons, of iron and manganese ore – by…Details
The department of the inner market protection of the Eurasian Economic Committee has started an antidumping investigation of the aluminum belt originating from Azerbaijan and China and imported to the territory of the Union. The information available points to dumping imports of aluminum belt, produced by Azerbaijani and Chinese companies, and damages to the EAEU…Details