Gazprom has signed a contract for the delivery of 500 thousand tons of large diameter pipe for the Kovykta – Chayanda site of the Sila Sibiri gas pipeline with Zagorsky Pipe Works. Other major pipe suppliers, including TMK and ChTPZ, refused to participate in the tender. They did not like the price, according to the…
The Russian Progress Gor Tech company can receive in trust the shares of Uzbekugol JSC. The draft presidential decree on measures to improve the effectiveness of the Uzbekugol joint-stock company has been published on the portal for discussion of draft legal and regulatory documents. The Uzbekistan Railways JSC will transfer 45% of shares in the…
The Radical party demands from the government and the Ministry of Economy and Trade to initiate a special investigation of the steel imports. The party members also want to introduce protective measures against the import from China, Russia, Turkey and other countries. Ferrous metals imports have already grown by 25%, threatening thousands of jobs in…
According to the Statistics Committee of the Ministry of the National Economy, in January-October raw steel output totaled 3.758 million tons. In October steel output grew by 2.8% YoY, to 0.389 million tons. Rolled metal manufacture in 10 months increased by 2.8%, to 2.377 million tons, but dropped in October by 13.1%, to 0.172 million…
The shares of Russia’s Polymetal International will be included in the MSCI Russia index on November 30 for the first time since their listing on the Moscow Exchange in June 2013, the company said in a statement. CEO Vitaly Nesis said, “I am proud that Polymetal has successfully met the criteria of MSCI Russia Index…
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the third quarter of 2018. In the first nine months KGC produced 306,467 ounces or 9,532.2 kg of gold and contributed more than 5.66 billion soms in taxes and mandatory payments. Kumtor produced 122,445 ounces, or 3.81 tons of…
Lviv region miners are striking against the delay in paying salary. Late on November 12 two miners of the state enterprise Lvivugol from the Mezhdurechenskaya and Stepnaya mines announced a hunger strike. They are striking at the Lvivugol premises in Sokal. The miners only drink water and refuse eating because of the non-payment of salary…
On November 12 Valentin Kiselev, the CEO of Lisichanskugol, signed his resignation letter. Kiselev has already removed his personal belongings form the CEO office. Earlier Lisichanskugol miners staged a strike demanding their salary debts of 170 million UAH to be cleared and the CEO fired. (Ukrainian metal)