In July Russia exported 2.3 thousand tons of titanium, up by 12% MoM, but down by 0.8% YoY. Exports to the US and Germany grew by 36% and 12%, to 620 and 537 tons respectively. In 7 months exports totaled 15.9 thousand tons, down by 3.1% YoY. In monetary terms since the start of the…
An extraordinary general meeting of MMK shareholders was held on September 27 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 0.690 rubles (including tax) per share for the second quarter of 2019. The dividends will be paid in cash by bank transfer within the period and…
Russian aluminum giant UC RUSAL and power producer Unipro have agreed on direct power supplies with a discount to the market in order to settle their judicial dispute over the Berezovskaya GRES plant. Through the discount Unipro will compensate the entire sum of the suit of 386 million rubles, while RUSAL will agree not to…
The Cabinet of Ministers has proposed amendments to the 2019 state budget to provide UAH 1 billion in additional funding for the salaries of coal miners, according to the press service of the Energy and Environmental Protection Ministry. Also, improving the efficiency of enterprises, measures for modernizing and restructuring of the coal industry, introducing new…
Kyshtym Electrolytic Copper Plant has finished transferring its electrolysis shop to using stainless steel matrixes. Previously the company has been also using titanium matrixes to produce copper cathodes. In several stages 18 thousand matrixes have been replaced at the plant. Moreover, now all the electrolytic baths will be serviced by one Outotec machine instead of…
EPM-Chelyabinsk Electrode Works has shut down its anode manufacture. The decision has been taken due to a very unfavorable situation on world markets of graphite gray products, in particular, anode blocks, which are the main wares of the company. In less than a year the EPM-ChEZ anode price has dropped by more than 30%, making…
Before purchasing more air conditioners, Krasniy Octyabr will test its transport conditioner in the electric arc steel shop No. 2. The conditioner will be assembled in one of the bridge cranes. If the equipment copes with its work under high temperatures of the shop, similar equipment will be purchased for other shops as well. (Ukrainian…
As of September 1, Priisk Solovievskiy has extracted 230.2 kg of alluvial gold at its licensed sites in Zabaikalye region. This year the company has increased gold output by 40% and intends to extract some 300 kg of gold. The company is also operating in Amur region. There it has extracted 1727.1 kg of gold,…