Omutninsk Iron and Steel Works is carrying out its program of technical revamping. At present the company is preparing to modernize its steel-smelting capacities, in particular repair its open-hearth shop premises. OMZ faced a shortage of steel because of the increase of rolled metal capacities with the mill-500 being put into operation. To balance the…
In January-June, according to the customs statistics, Russia imported 130.4 thousand tons of strips from Austria. In June imports totaled 13 thousand tons, in May – 30.7 thousand tons, the largest volume since October 2016, when Russia started importing strips from Austria. The main customer is Vyksa Iron and Steel Works, which supplies large diameter…
The State Security Service has uncovered officials who have bought equipment for a Volyn region state mine in the pro-Russian terrorist-occupied Donbass. An official was born in the now temporarily occupied regions. And he has bought equipment valued at 25 million UAH from a company registered in the so-called Donetsk People’s Republic. To adapt the…
In January-June, according to the State Statistics Service, Ukraine imported 826.753 thousand tons of coal valued at $77.11 million. In particular, Russia supplied 90.8% of the total volume (750.861 thousand tons valued at $70.8 million). Imports from the South African Republic totaled 75.886 thousand tons valued at $6.299 million. At the same time Ukraine exported…
On May 18 – August 18 Metinvest has paid $14.136 million of interest income on new eurobonds with the maturity date of December 31, 2021. The sum consists of $8.445 million of guaranteed interest income at the rate of 2.793%, as well as a part of 6.7595% interest income, paid only if the company has…
This year the gold-extracting company Priisk Karakkansky LLC has to get some 70 kg of alluvial gold at its sites. In 2016 the company obtained 382 kg of gold. The considerable drop in the output is the result of the dwindling reserves at the sites. The company has not purchased new licenses yet, and keeps…
In June the gold-extracting company Susumanzoloto acquired 100% of the Nedra LLC shares, which owns the license to develop the Shturmovskoye deposits. The project presupposes the construction of a factory with the capacity of the first stage at 200 thousand tons of ore per year. The mine design has already been prepared and it is…
Korolevsky Pipe Works LLC has opened a sales office in the city of Krasnodar. At present the company is recruiting managers for the new office. At the premises of Tekhmash and Noviy Kubansky Profil LLC, Korolevsky Pipe Works manufactures section pipes of various sizes according to GOST 8645-68 and GOST 8639-82 of cold- and hot-rolled…