Ukrmetallurgprom and the Ukrainian association of secondary metals UAVtormet have addressed the Verkhovna Rada asking it to free the scrap metal operations from VAT. “This will make it impossible to some companies to carry out operations, which allow them to get the VAT reimbursed from the state budget”, the letter said. According to the letter,…
Ural Mining and Metallurgical Company is carrying out operation at the Khopra sulfide-nickel deposits in Voronezh region. The prospecting work has been completed, and now the company is preparing the necessary documents. The process is expected to wrap up by 2020. According to the company statement, preliminary estimations show that the construction of a mining…
In January-May Irkutsk region yielded 6902 kg of gold, up by 15% YoY. In particular, ore gold output totaled 5662 kg, and alluvial gold – 129 kg. 6 companies provided for the most output. Polyus Verninskoye mined 2923.6 kg of gold, Vysochaishiy – 1813 kg, Ugakhan – 649 kg, Lenzoloto – 451 kg, Vitim –…
Severstal has supplied around 40 thousand tons of various rolled metal for the construction of all the 12 stadiums, which will host the FIFA World Cup. When constructing the arenas, Severstal’s sheets and rebars were used. Metal was supplied both from the manufacturing site in the city of Cherepovets and from Severstal Bar Works Balakovo.…
StalTrans, a subsidiary of the Russian railway operator Freight One, has signed a 467.771-million ruble agreement to buy rail wheels from Interpipe-M, a unit of Ukraine’s Interpipe, Freight One said in a statement. Interpipe-M is to supply the rail wheels by July. Freight One also said that it planned to buy rail wheels from StalTrans…
Metalloinvest has signed a long-term loan agreement with Credit Agricole CIB (France). According to the company statement, the loan of 72 million euros will be attracted for 12 years under the Euler Hermes Aktiengesellschaft guarantees. Metalloinvest intends to spend the money to purchase Takraf GmbH machinery. The machinery will be stationed at the Lebedinsky Mining…
NLMK Group, a global steel company, is designing equipment to implement stamp charging process at Altai-Koks. This will boost coke quality and reduce the cost of its production through use of more cost-efficient grades of coking coals. Stamping technology is under implementation at coke plant No. 5, launched in 2006 with a design capacity of…
Local residents are dissatisfied with the development of Ishtamberdy gold field in Chatkal district of Jalal-Abad region. They held a protest. Residents are unhappy that the developer Full Gold Mining does not comply with environmental standards. As the State Committee of Industry, Energy and Subsoil Use reported, officials intend to visit the field and sort…
