The government of Kyrgyzstan wants to revise a strategic agreement with the Canadian company Centerra Gold Inc. on cooperation on Kumtor project, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziyev announced at a meeting of the Parliament. According to him, the current government is not satisfied with the terms of the agreement signed by the ex-Prime…
Because of the salary debts two miners from Lviv region have gone on a hunger strike. For three days they have been living in the conference hall of Lvivugol, sleeping on chairs and only drinking water. Their colleagues promise to join them and even block roads if they are not paid their due. According to…
Energomashspetsstal has signed an agreement for the delivery of back-up rolls to Mariupol Ilyich Iron and Steel Works. According to the contract, EMSS will produce 480 tons of rolls. There will be 4 rolls weighing 120 tons each. The shipping is scheduled for Q2-3 2019. The EMSS-produced rolls will be installed at the hot-rolling plate…
Magadan region can offer gold-extractors to additionally develop its non-ferrous metals deposits. Copper extraction is a promising business in the region. Its reserves are estimated at 44 million tons. The region also has some reserves of lead, tungsten and other non-ferrous metals. Copper could be exported, as it was not hit by the sanctions. (Ukrainian…
Rusal has received a permission from ING Bank to change the payment currency from dollars to euros on the loan attracted on April 6, when it fell under the US sanctions. ING is an agent on the loan under the pre-export financing agreement for $2 billion dated May 24, 2017. The term of Rusal annual…
In October NLMK-Ural received 186.3 thousand tons of scrap via railroad. According to railroad statistics, this is up by 4.5% YoY. In January-October scrap deliveries to NLMK-Ural grew by 3.3% YoY, to 1.47 million tons. (Ukrainian metal)
In October direct scrap deliveries to MMK totaled 283.5 thousand tons, down by 12.9% YoY. According to the railroad statistics, in 10 months deliveries reached 1.65 million tons, up by 0.3% YoY. Since 2012 the company has been a leader in scrap purchases via railroad. (Ukrainian metal)
The Service Company Severo-Zapadniy Pipe Works LLC (Saint Petersburg), earlier declared bankrupt, ceases existing. According to local mass media, the demolition of the premises has started. Earlier the land plot of 6.7 ha has been sold to Setl Group for housing construction. SZTZ used to produce water and gas pipeline pipes as well as hollow…