Pavel Vasev, Head of Procurement at Magnitogorsk Iron and Steel Works (MMK), became the winner of the “Best Procurement Director” award for 2019. Large-scale changes in procurement activities carried out at MMK have significantly improved the efficiency of the company’s supply chain. This is the second year in a row that the rating of procurement…
In early March, Darasunsky Mine LLC put into operation its processing factory in Tungokochensky district of Zabaikalye region in test mode. The project to process Darasun ores is in the development. By Q3, the company plans to have commissioned the full cycle of processing. So far the factory has processed 3973 tons of ore and…
As of May 1, Magadan region has extracted 9065.1 kg of gold and 213.4 tons of silver. Gold output grew by 3404.3 kg YoY, while silver fell by 16.8 tons. Tenkinsky city district yielded the most ore gold – 6171.5 kg, while alluvial gold was extracted in Susuman, Yagodinsky and Tenkinsky districts. Omsuchanksy district was…
Kyshtym Electrolytic Copper Plant has assembled two bridge remote-controlled cranes in its copper foil shop, which is currently under construction. The new machinery with the lifting capacity of 10 tons was produced by Verta. When the two cranes are commissioned, the two old 5-ton cranes will be disassembled. (Ukrainian metal)
Severstal and the Italian company Tenaris will have started constructing the joint venture to produce welded pipes for oil and gas industry in Surgut by early 2020. The capacity will reach 300 thousand tons per year. The joint venture is expected to be created in 2 years. On May 13, the deal was approved by…
On May 16, the Dnepr District Administrative Court opened a case on the claim of ArcelorMittal Kriviy Rih to the Office of major taxpayers of the State Fiscal Service. The company wants to cancel the office decision obliging it to pay 114.6 million UAH of profit tax and 57.3 million UAH of fines. In February,…
On May 15, the Dnepr District Administrative Court opened a case on the Severniy Mining and Processing Works demanding the Office of major taxpayers of the State Fiscal Service to cancel its decision to increase income tax by 112.8 million UAH. Central GOK sues the office because of the tax increase by 106.1 million UAH.…
In January-February, Ukraine exported 2.71 million tons of metal, or 88% of all metal produced. In January-February 2018 the export share was 84.8% (2.64 million tons of 3.11 million tons produced). Semi-finished products accounted for 47.53% of exports, up from 43.19% last year. The share of flat rolled metal also grew – from 31.91% to…
