Shareholders of the Zaporozhye Aluminum Works have decreased the number of supervisory board members by 2 and replaced the existing board. Natalia Pavluyk, Natalia Kharina, Anastasia Mankivskaya, and Tatyana Kuzub have been reelected to the board, with Irina Kholodnova elected. All of them are the representatives of the main shareholder – the State Property Fund…
Polymetal has carried out the phase 3 of the project to expand and modernize Amur Hydrometallurgical Works. Investments totaled $71 million. The work was carried out due to the commissioning of the processing factory at the Kyzyl deposits (Kazakhstan) in June. The first gold-containing Kazakh concentrate was processed at Amur Works in October. It is…
On November 19 ZEMZ put into operation a new site of Bosio thermal furnaces. The site has 5 thermal furnaces with the maximum temperature of up to 10 thousand degrees C. The furnaces will be used to heat rounds, squares and slabs. The average monthly output of each furnace will be 900 tons. (Ukrainian metal)
In January-September Ukraine supplied 1.74 million tons of rolled metal and pipes to Russia, up by 28.4% YoY. Bars and sections accounted for some 55%, with 53% of them being rebars and wire rod. Bars and sections exports grew by 50%, and rebars and wire rod – almost 3-fold. Flat rolled metal exports increased by…
Precious metal prices varied in Azerbaijan on November 20, according to the data published by the Central Bank. The price of gold increased by 4.471 manats, to 2,078.1055 manats per ounce on November 20 compared to the price on November 19. The price of silver grew by 0.0142 manats, to 24.4588 manats per ounce. The…
Magnitogorsk Iron and Steel Works’ (MMK) management decided to co-finance projects implemented by the residents of MMK Industrial Park to support and enhance business development in Magnitogorsk. Co-financing will be provided on a competitive basis to create new production or expand existing production. The share of co-financing will be up to 30% of the cost…
Magnitogorsk Iron and Steel Works’ (MMK) legal team, led by Chief Legal Officer Sergey Shepilov, has been named among best corporate counsels by Legal 500, an authoritative international legal publication. The Legal 500’s GC Powerlist: Russia Teams ranking includes Russia’s most influential and innovative corporate legal counsels. The ranking is made by leading market experts.…
Employees of the Partyzanska Coal Mine in Antratsit (the town in Luhansk region occupied by Russian proxy forces), attempted to organize a strike demanding payment of wage arrears. A journalist and blogger Denis Kazansky, citing a wife of one of the strikers, described the details of the response of the self-styled “authorities”. “Our husbands went…
