The Supreme Court has refuted the cassation of the Yuzhniy Mining and Processing Works and supported the decision of the Commercial Court of Dniepropetrovsk region and the Central Commercial Court of Appeals to recover 1.3 billion UAH from the company in favor of Spirit Finance LLC. In September 2017 the UGOK shareholders decided to pay…
A new shop to produce ultra-thin electrolytic copper foil will be created in Kyshtym. Russian Copper Company will invest some 3 billion rubles in the project. The thickness of the foil will be 9 to 105 micron, and the annual capacity is expected at 1200 tons. The manufacture will start in the first half of…
In 2019 Sverdlovsk Railroad transported 314 thousand TEU containers, up by 21.3% YoY. In particular, transportation of ferrous metals grew the most – by 24.5%, to 13.9 thousand containers. The railroad also transported 198 thousand containers with non-ferrous metals, up by 1.9%, 6.4 thousand containers with refractory materials, up by 8.5%, and 5.9 thousand containers…
Krasniy Octyabr Iron and Steel Works has finished the second stage of the Metso Lindemann Eto Cut 1240-10 shearing press repair. The repair lasted for a month and a half. The specialists have completely replaced the lining of the chamber. The first stage of the repair was carried out in June 2019. (Ukrainian metal)
In 2019, 1168.4 thousand tons of hot-rolled steel were produced at the thick-sheet Mill 5000 of the Magnitogorsk Iron and Steel Works (MMK). This is the highest annual production rate since the unit was launched. The previous record was set at the mill in 2010, when it produced 1160.5 thousand tons of rolled products. MMK’s…
Kyrgyzstan exported 14 tons of gold to China last year, representatives of the State Customs Service announced at a meeting of the parliamentary committee on fuel, energy complex and subsoil use. According to them, 71% of gold ore mined in the country is transported to China. “In 2018, at least 19,300 tons of ore were…
In 2019 Azerbaijan produced 763.5 million manats worth of metal, down by 20% YoY. According to the State Statistics Committee, manufacture of metal wares grew by 82.4%, to 214.604 million manats. Last year Azerbaijan produced 326.4 thousand tons of steel, down by 14.5%, 300.6 thousand tons of rebars, down by 2.8%, 49.2 thousand tons of…
A-Property, a company of co-founder of the Russian telecom operator Yota Albert Avdolyan, has asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga coalfield from Gazprombank and metals and mining group Mechel. The request says that the combined value of A-Property’s assets exceeds 7 billion rubles, while the value of…
