In 2017 the ChTPZ group shipped 1.988 million tons of pipes to customers, up by 16% YoY, or by 275 thousand tons. ChTPZ share in pipes sales in Russia grew last year by 1%, to 17.5%. The sales of seamless pipes increased by 19%, to 1.2 million tons. The group also sold 800 thousand tons…
The supervisory board of Russia’s republic of Tatarstan-based Alabuga special economic area approved a $250 million cold-rolled flat metal products facility to be built by Gemont Metal until July-September 2020, the area said in a statement on March 12. The first stage of the plant will have a capacity of 770,000 tons annually. It will…
Petropavlovsk Plc, which extract gold from 4 mines, in 2017 increased JORC gold reserves by 8% YoY, or by 670 thousand ounces. The company resources grew by 6%, or by 1.17 million ounces. According to the company statement, the resources and reserves grew due to the successful prospecting at the Pioner and Albyn deposits. As…
The Supreme Court of London has cancelled the prohibition to Crispian Investment of Roman Abramovich and Alexander Abramov, owning 6.3% in Norilsk Nickel, to sell some 4%. Since February 16 Rusal has been struggling against the sell of Crispian share in Nornickel for $1.47 billion to Bonico Holdings, a Whiteleave company, claiming the breach of…
The Ukrainian government is taking steps to remove Ukrainian products from under the U.S. sanctions for steel and aluminum products, Deputy Minister of Economic Development and Trade – Ukraine’s Trade Representative Natalia Mykolska has said. “We believe that Ukrainian products, which have been represented on the American market for a long time, do not pose…
The court has ordered Valki-Ilmenit LLC to pay 5.92 million UAH to Irshansk Mining and Processing Works. In particular, the fine itself amounts to 1.28 million UAH, annual interest to 848 thousand UAH and inflation payment is 3.79 million UAH. The company will be paying this amount by installments (493 thousand UAH a month) till…
For the International Women’s Day on March 8 Zaporizhstal has prepared a number of events for its women employees and the veterans of the company, as well as provided monetary aid to single mothers, mothers with many children and children with special needs. According to the company statement, all the women employees received money prizes…
Karelsky Okatysh has put into operation the forth water boiler after capital repairs. The cost of the reconstruction was 8 million rubles. Capital repairs of the water boilers are carried out once a 4-year. Previously the repair of each water boiler lasted for almost a year. Now it was possible to decrease the term 2-fold.…
