Ukraine: court to hear lawsuit on termination of contract on ZTMK creation

Donetsk business court of appeals has satisfied a counterclaim of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) and ordered the business court of Zaporizhia region to hear the lawsuit of SAPO seeking the termination of the contract between the State Property Fund of Ukraine (SPF) and offshore company Tolexis Trading Limited (Cyprus), a part of Dmytro…

Russia: aluminum exports up in January 2017

In January Russia exported 237.3 thousand tons of aluminum, up by 1.1% YoY. According to the Federal Customs Service, raw aluminum exports to far foreign countries remained unchanged – 230.8 thousand tons, while that to CIS grew by 75.7%, to 6.5 thousand tons. In monetary terms raw aluminum exports increased by 25.5% YoY, to $388.6…

Tajikistan: TALCO and RUSAL reach amicable agreement

The Tajik Aluminum Company (TALCO) and the Russian aluminum giant, United Company Russian Aluminum (RusAl), have reached an amicable agreement. According to the TALCO press center, TALCO and RusAl signed an amicable agreement in Moscow on March 23. The sides reportedly accepted that there were no unresolved disputes between them. Meanwhile, a source in the…

Russia: ChTPZ delivers first pipes for the Arctic shelf

The ChTPZ group has delivered a batch of compressor-pump pipes for the arctic oil extraction at the Prirazlomonye deposits. The unique products were manufactured at the Pervouralsk Pipe Works. The batch includes 115 tons of sulfuretted hydrogen-resistant pipes of the high strength group with premium joints ChT-VT and ChT-VC. “The special climate conditions of the…

Ukraine: SPF to privatize 5 mines

The State Property Fund of Ukraine intends to sell several mines this year. 5 mines are being made ready for privatization, according to the fund chairman Igor Bilous. “There are some 5 objects. The mines to be privatized are complex and economically burdened objects. There is a special law on mine privatization. They do not…

Ukraine: Evraz Sukhaya Balka still not allowed to mine ore

Evraz Sukhaya Balka is idle because of the absence of license to mine iron ore.

According to sources, as of the late March, the company still has not received all the necessary documents to resume operation.

In January-February the enterprise mined 413 thousand tons of sinter ore. (Ukrainian metal)