The department of the Environment service in Chelyabinsk region has suspended the license for Nikprom LLC air pollution because of its violation. During an inspection of the company that produces aluminum, the experts have found out that the enterprise has been exceeding the limits of pollution. As a result the company license has been suspended.…
“Extrusion Techniques and Structures” LLC intends to become a resident of the Kaluga special economic zone. The company intends to create aluminum manufacture with the capacity of 7 thousand tons per year. The products will be used in car manufacture and construction. The enterprise will be commissioned in 2020. Investments will reach 1.26 billion rubles.…
Vysochaishiy has signed an agreement with Lanta-Bank to sell it 1769 kg of gold and 509 kg of silver this year. The estimated cost of the deal is 4.8 billon rubles. In January-November 2018 the company extracted 3826.9 kg of gold at its deposits. Its JORC reserves in Irkutsk region and the Republic of Sakha…
In 2018 the East Mining Company extracted 7.5 million tons of coal, up by 3.3 million tons YoY. Sales also totaled 7.5 million tons, up 1.5-fold. In 2019 the company plans to sell some 10 million tons of coal. (Ukrainian metal)
The Federal Antimonopoly Service will check the reasoning behind the increase of the drilling pipe prices. In particular, FAS will investigate the increase of the price of pipe and metal purchased by oil companies. Russian metal and pipe prices follow world trends with a slight delay. In January-July the market witnessed a rise of hot-rolled…
Under an investment program to run for 8 years VSMPO-Avisma intends to spend $700 million. According to the company CEO Mikhail Voyevodin, the reconstruction of the pipe-section and bar manufacture will absorb the most funds. “For the past 10 years we have been paying attention to flat rolled metal and stampings, while the shop No.…
Moody’s has increased Metinvest B.V. rating to B3 with stable outlook. According to the experts, the company rating reflects its integrated business model. In H1 2018 Metinvest provided itself with 287% of iron ore, 145% of coke and 38% of coking coal. The agency has also taken into account the debt refinancing of $2.271 billion…
Ukrzaliznytsia (Ukrainian Railways) has started selling scrap via ProZorro.Sales system. 4 lots with the initial price of 260 million UAH have already been registered. The auction is scheduled for January 11, 2019. (Ukrainian metal)
