In January Pobuzhye Ferronickel Plant increased salary by 10%. In 2019 average salary grew by 12.6%, to 10.65 thousand UAH. In the past three years wages at the plant have increased almost 2-fold. From July 2018 they have grown by 38%. In 2019 average salary in metal industry went up by 14% YoY, to 14.25…
In 2019 Russia imported 7.196 million tons of ferrous metals, up by 0.6% YoY, valued at $5028 million, down by 5%. According to the Federal Customs Service, the import of ferrous metals without pig iron, ferroalloys, wastes and scrap grew by 2.3%, to 5.815 million tons. Steel pipes imports increased by 75.9%, to 994.9 thousand…
In January Dneprospetsstal produced 10.809 thousand tons of rolled metal, down by 5.5% YoY. Steel manufacture decreased by 2.7%, to 14.149 thousand tons. The total cost of products manufactured in January reached 522.422 million UAH, down by 31.3%. (Ukrainian metal)
The Board of Directors of Chelyabinsk Pipe Rolling Plant has approved the company’s development strategy for the period through 2024 and nominated two independent directors for approval by the shareholders meeting. The new strategy seeks to ensure consistent and strong business growth by transforming Chelpipe Group to a customer-centric enterprise. The strategy focuses on developing…
Severstal-Metiz has supplied strands for the construction of the Moscow subway Big Ring Line. In late 2019 a mechanized blade shield named Victoria with the weight of 870 tons and the diameter of 10 meters was commissioned in the subway. This was the first descent of the assembled shield in the history of the Moscow…
Pipeline sales of Russia’s Chelyabinsk Pipe Plant (ChelPipe) rose by 8%, to 2.07 million tons in 2019, the company said in a statement on February 13. Sales of large-diameter pipes went up by 33%, to 916,000 tons. Sales of seamless industrial pipes grew by 11%, to 498,000 tons, of oil country tubular goods by 3%,…
Mining deposits are offered to business for privatization in addition to other state-owned assets offered through the program “100 Investment Offers for Business”. Within the framework of the program, mineral resource deposits are selected from around different regions of Georgia and are sold at e-auction. As of now, the number of mining licenses listed on…
Minister of Agriculture and Environmental Protection Levan Davitashvili and head of parliament’s Environmental Protection Committee, Nino Tsilosani have visited the gold mining company RMG Gold and Copper in the village of Kazreti, Kvemo Kartli region, to check how the company met its obligation to decrease pollution. The Dutch Rich Metals Group, which owns RMG Gold…