Ukrainian scrap collection volumes have fallen over the past year, dented by declining availability of obsolete scrap and a sharp fall in exports. Total Ukrainian scrap collection fell by 7% YoY, to 1.04 million tons in January-April, industry association UAVtormet’s president, Volodymyr Boubley, said last week. The trend continued in May amid extended holidays at…
Magnitogorsk Iron and Steel Works (MMK)’s Industrial Park ranked 30th in the Investment Attractiveness Rating of Industrial Parks and Special Economic Zones according to media group Expert. In 2018, MMK Park rose by 17 places in the rating, changing the project from a “BB” attractiveness rating (for parks that are quite attractive, but require improvements…
Magnitogorsk Iron and Steel Works (MMK) has signed a contract with ETM on supply of electrical equipment. The contract allows MMK to order equipment directly through the ETM iPro Internet platform, which will significantly save procurement time and increase the efficiency of the company’s supply system. The agreement with one of Russia’s leading professional distributors…
Magnitogorsk Iron and Steel Works (MMK) saved 500.9 million rubles in 2018 through the use of a mathematical model to optimize the delivery and consumption of coal. These savings were achieved by improving the structure of coal charge and the quality of coke. This model is part of MMK’s large-scale digitalization strategy. The program is…
“A gold processing mill with a capacity of 5 million tons a year will be built soon in Burabay district, Akmola region,” deputy governor of Akmola region Marat Igaliyev announced. RG Gold Company is developing the Raigorodok gold ore field in Akmola region. It is situated along the big gold ore belt not far from…
Ukraine in January-May increased by 1.3% YoY, to $1.265 billion, expenditures to cover hard coal and anthracite imports, the State Fiscal Service reported. According to the latest stats, over the reporting period, some 9.1 million tons of coal have been imported. The largest suppliers remain Russia, the United States, and Canada. Coal imports from Russia…
A draft law on prohibition of activities related to the geological survey of the subsoil for prospecting, exploration and development of uranium and thorium deposits in Kyrgyzstan was submitted to the Parliament. The document was initiated by the MPs Altynbek Sulaimanov, Almambet Shykmamatov, Kanat Kerezbekov, Myktybek Abdyldaev, Baktybek Turusbekov, Dastan Bekeshev and Altynbek Zhunus uulu.…
Manson Group LLC has transferred $1 million for the implementation of Makmal Gold Company LLC project, Kyrgyzaltyn OJSC reported. The financing is carried out according to the agreement on joint activities. In addition, the procedure on transfer of the assets of Kyrgyzaltyn OJSC in the branch of Makmalzoloto Combine to the authorized capital of the…
