Ukraine is investigating whether a charitable foundation set up primarily to coordinate London-listed Ferrexpo Plc’s philanthropic activities was used to launder money and evade taxes. Officials of Blooming Land Charitable Foundation abused their powers to seek “illicit benefits”, damaging state interests, a Ukraine prosecutor said in a court filing in Kyiv in February. Blooming Land…Details
In January-March, Ukrzaliznytsia (Ukrainian Railways) increased metal cargo transportation by 0.4% YoY, to 24.1 million tons. In particular, transportation of scrap dropped by 27.9%, to 500 thousand tons, of ferrous metals – by 5.4%, to 5 million tons, and coke – by 10.6%, to 1.1 million tons. At the same time, transportation of iron and…Details
At least 29,286 people have signed a petition against a project on development of Tash-Bulak field in Issyk-Kul region in a week. The collection of signatures continues. The author of the petition is Alena Khomenko. She invited everyone to sign the online petition. In just a couple of days, 15,000 people signed the online document.…Details
In 2018 Ukrainian Mining and Metallurgical Company decreased net income by 44.6% YoY, to 1.736 billion UAH. Last year the company received a net loss of 102.747 million UAH as opposed to 149.255 million UAH of net profit in 2017. The decrease in financial indexes is caused by a long-term decrease of rolled metal price…Details
Severstal and the Luxembourg pipe manufacturer Tenaris have applied to the European Commission to approve a deal to create a joint venture. The new company will produce seamless pipes for the oil industry in the town of Surgut. The JV has been registered in Singapore. The share of Severstal will be 51%, and of Tenaris…Details
In January-March, Kaz Minerals produced 70 thousand tons of copper, up by 4% YoY. This year the output is expected to total 300 thousand tons. Aktogay produced 36.7 thousand tons of copper, with 130-140 thousand tons to be produced this year. Sulfide copper manufacture grew by 6% QoQ, to 31 thousand tons, and by 47%…Details
A new long face No. 543 has been put into operation at the Mine named after Stashkov of the DTEK Dneprovskoye Mine Group. It is expected to provide the mine with 185 thousand tons of gas coal. The long face with the length of 182 meters will be in operation for 4 months. Since the…Details
Due to the increase of capacity, Almalyk Mining and Processing Works produced 12782 tons of raw copper in March, up from the target of 11760 tons. Average daily output was 460 tons, more than the target of 379 tons. Anode copper output target was set at 13493 tons, with 450 tons per day, but the…Details
In 2018 Mariupol Ilyich Iron and Steel Works received 3.37 billion UAH of net profit as opposed to 828.06 million UAH of net losses in 2017. EBITDA reached 4.14 billion UAH (-966.21 million UAH in 2017). Net income grew by 39.7%, to 79.09 billion UAH. Undistributed profit in late 2018 totaled 3.72 billion UAH. Last…Details
“It is extremely important for exploration of new uranium objects in the region to be carried out only under the condition of maximum observance of environmental and technical safety,” Special Representative of the European Union for Central Asia, Peter Burian, declared. According to him, at the last donor conference on reclamation of uranium facilities in…Details
Donetsk region mining business continues increasing wages to its employees. As a result, some underground professions already exceed the average level of salary in Poland and the Czech Republic for Ukrainian workers. Average increase in wages reaches 15%. The growth will cover over 10 thousand employees of 8 companies-partners of Donetskstal, including the Pokrovskoye Mine…Details
In 2018 the United Mining and Chemical Company received 114.9887 million UAH of net profit, down 3.9-fold YoY.
EBITDA dropped by 60%, to 220.7 million UAH.
At the same time the net income increased by 12.5%, to 3.213 billion UAH.
Undistributed profit as of late 2018 totaled 115.087 million UAH. (Ukrainian metal)
Rusal has placed 10-year bonds valued at 15 billion rubles. The interest rate is 9%. Initial volume of bonds was 10 billion rubles, but the demand allowed the company to increase it to 15 billion. This is the first issue of bonds by Rusal after the sanctions from it have been lifted. In January 2018,…Details
On April 25, an explosion occurred at the Skhidcarbon mine in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia.
So far, bodies of three miners have been brought to the surface. The fate of 14 more is still unknown.
The accident happened at the depth of 300 meters. (Ukrainian metal)
Novgorodsky Iron and Steel Works has renewed its special machinery fleet.
In particular, the company has received a new Linde H20T-01 forklift truck with the lifting capacity of 2 tons.
The cost of the new machine totaled 2 million rubles.
The new truck will be used in the copper electrolysis shop. (Ukrainian metal)
Sinarsky Pipe Works has commissioned two new electric bridge cranes.
The cranes have been assembled in the pipe-rolling shop No. 2.
The company intends to replace 10 cranes. (Ukrainian metal)
On April 29, 1974, Evraz ZSMK converter shop No. 2 produced its first steel. At present the shop operates 2 converters with the volume of 320 tons. In 2017, one of them was replaced. Soon another will follow. In 2002 the plant commissioned the largest continuous casting machine in the world. In 3 years, the…Details
In the incomplete January-April, Seligdar sold 1035 kg of gold. Until the end of April the company intends to sell 220 kg more.
Thus, sales will total 1255 kg, up from 406 kg in January-April 2018.
In 4 months, Poisk team has yielded 65.668 kg of gold, up from 39.131 kg last year. (Ukrainian metal)
Prices of precious metals increased in Azerbaijan on April 26 compared to the prices on April 25. Thus, the price of gold grew by 7.7435 manats, to 2,176.0255 manats per ounce. The price of silver went up by 0.151 manats, to 25.4915 manats per ounce. The price of platinum increased by 10.302 manats, to 1,512.49…Details
Rally against uranium mining at Tash-Bulak deposit in Kyzyl-Ompol village of Issyk-Kul region started in Bishkek. Participants of the protest demand to instruct the licensing commission of the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan to conduct immediate audit and cancel over 35 previously issued licenses for geological exploration, sampling, mining and…Details
Sales of coal concentrate of the Russian coal producer Raspadskaya rose by 4% YoY, to 1.962 million tons in January-March, the company said in a statement on April 26. Export sales grew by 9%, to 1.467 million tons, while domestic sales fell by 9%, to 495,000 tons. Green coal production rose by 30%, to 3.916…Details
The Antimonopoly Committee of Ukraine has fined DCH Group for 58 million UAH for the violation of the economic competitiveness protection legislation while purchasing Dneprovsky Iron and Steel Works shares from Evraz, but still allowed the concentration. The committee has studied the case of DCH buying the DMZ and fined the former for buying the…Details
In January-March, Belarus Iron and Steel Works received $800 million of revenue, up by 124.4% YoY. Exports accounted for 85% of the revenue, growing by 13%, to $310 million. 555 thousand tons of metal were shipped to 48 countries. Steel output in 3 months went up by 32%, to 641 thousand tons, rolled metal –…Details
In January-March, Norilsk Nickel increased nickel output by 3.4% YoY, to 56 thousand tons.
The manufacture of the company own raw materials grew by 2.8%, to 55 thousand tons.
The output of copper went up by 13%, to 127 thousand tons. Almost everything was produced from own raw materials. (Ukrainian metal)