Pipe Metal Company, the major pipe producer in Russia, is awaiting a positive effect for its American subsidiary IPSCO from the duties on steel and aluminum. “We believe that the duties imposed will positively affect IPSCO business, as the company does not import steel as raw materials. As to the other TMK companies, the estimation…
In 2017 Sukhaya Balka received 1.174 billion UAH of losses, up 7.46-fold or by 1 billion UAH YoY. According to the company statement, its assets as of the end of 2017 totaled 2.454 billion UAH, current liabilities – 196.207 million UAH and the consolidated accounts receivable – 254.696 million UAH. On December 28, 2017 the…
On the eve of the holidays Paramjit Kahlon, CEO of PJSC ArcelorMittal Kriviy Rih announced an increase in the salaries for the company employees. This was communicated at the proximity meeting attended by the company managers on March 7. The specialists of the company have already started to adjust the salaries within a grade so…
The cost of gold increased by 9.73 manats (0.4%), to 2250.528 manats per troy ounce in Azerbaijan on March 12, according to the data published by the country’s Central Bank. The cost of silver increased by 0.87%, to 27.178 manats per ounce, the cost of platinum by 1.4%, to 1641.571 manats and the cost of…
Irshansk Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of fuel valued at 6.45 million UAH. Until the end of the year the company will have to supply 22 tons of AI-95-K5 Euro petrol at 39360 UAH per ton, 145 tons of A-92 Euro 5-E5 petrol at 37740 UAH per…
The automobile base of Pavlogradugol caught fire. The fire has almost completely destroyed 17 automobiles. In particular, according to the emergency service message, 9 buses and 8 cars were destroyed. The fire covered the size of 900 square meters. There were no casualties. (Ukrainian metal)
Raspadskaya Coal Company has put 2 unmanned flying vehicles in operation. They will increase the safety and speed of mining operations, as well as the precision of calculations. During a 30-minute flight the drone can take 500 pictures. The maximum height of the quadrocopter filming is 500 meters. The new drones can operate under complex…
Sberbank will provide the Sredneuralsky Copper Smelting Works with a multi-currency renewable limit on trade operations within the framework of the general agreement dated January 11. The minimum amount is 95 million euros. The money is provided until January 10, 2021. The limit of the loan is 22.77% of the company assets cost as of…