Two companies want to supply 93 thousand tons of metal slag to Vostochniy Mining and Processing Works. Polinez LLC and Avtocom-2005 Plus PP were admitted to the trade scheduled for March 11. Slag has to be supplied until the end of the year. The expected cost is 36 million UAH. Last year, VostGOK bought 106…Details
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5 employees of Severniy Mining and Processing Works have been injured during a road accident on the territory of the enterprise. A truck, transporting shift employees, has collided with a cargo train. Three people have been taken to the city hospital No. 2. According to preliminary data, the accident occurred due to the failure of…Details
The Department of Subsoil Use of the Republic of Sakha (Yakutia) has announced three competitions for gold prospecting. The combined cost of the three tenders is 866 million rubles. Prospecting work will be carried out in three districts. In particular, the expected reserves of the Olekminskiy district on the territory of 104.72 square kilometers are…Details
Muruntau, located in Navoi region, has been affirmed as the world’s biggest mine, according to a rating compiled by the Kitco analytical center. When compiling the list, experts used official data from companies and rough estimates of mines that kept their data confidential. “The Muruntau mining complex, located in Uzbekistan and consisting of open-pit mine…Details
Severniy Mining and Processing Works is carrying out energy-saving projects. New techniques allow decreasing electricity expenses and the prime cost. In order to decrease energy carries expenses in shops, SevGOK uses modern electric equipment and lamps. Large-scale projects to replace lamps have been finished at two crushing and processing factories, as well as in the…Details
In January, Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, increased pellets output by 7% YoY, to 1.05 million tons. Concentrate manufacture grew by 12.2%, to 1.3 million tons. In 2020, Ferrexpo increased pellets output by 7% YoY, to 11.218 million tons, and concentrate by 5.9%, to 14 million tons. (Ukrainian metal)Details
In February, industrial prices in Kazakhstan increased by 3.1% YoY. According to the Bureau of the National Statistics, in particular, prices of metallic ores grew by 0.9%. In processing industry the prices of ferrous rolled metal increased by 4.4%, copper – by 2.6%, ferroalloys – by 0.5%, aluminum and lead – by 0.6% and zinc…Details
Centravis has agreed with Ukreximbank to take a loan of 35 million euros for 5 years. The company intends to spend the funds to produce new types of seamless pipes, implement environment and energy-saving techniques as well as further modernize its manufacture. Centravis plans to invest at least 7 million euros in the development of…Details
In January-February, Ukraine procured 639.2 thousand tons of scrap, up by 49.2% YoY. The increase is due to high prices. Scrap deliveries to metal companies grew by 45.7%, to 578.6 thousand tons. Scrap stocks are estimated at 250 thousand tons. Exports amounted to 30.2 thousand tons, up by 300%, while imports increased from 1.6 thousand…Details
ArcelorMittal Kryvyi Rih, the biggest mining and steel plant in Ukraine, will all its employees a bonus based on the results of work in the previous year. The so-called “13th salary” will be paid in full on March 11. Besides, in 2021, the company’s management is considering the possibility of differentiated increase of salaries of…Details
In January-February, Ukraine decreased steel output by 1.1% YoY, to 3.51 million tons. At the same time, manufacture of pig iron grew by 4.5%, to 3.51 million tons, and rolled metal – by 0.5%, to 3.16 million tons. Lat year, Ukraine decreased steel output by 1.4% YoY, to 20.549 million tons, but increased that of…Details
In January-February, Ukraine exported 764.82 million tons of ferrous metals valued at $1.49 billion, up by 12% and by 6.9% YoY respectively. According to the Customs Statistics, the share of ferrous export revenue was 17.57% as opposed to 17.22% last year. Imports decreased by 12.8%, to $121.53 million. (Ukrainian metal)Details
In 2020-2021, despite the pandemic-related crisis, the Ukrainian market of metal structures revived a bit. According to the people’s deputy Musa Magomedov, this mostly has to do with the Big Construction program. Metal structures were in demand in large infrastructure projects, such as road, bridge and airport construction and repairs. Now the market could grow…Details