European Commission has prolonged the antidumping duties on the import of seamless pipes from Ukraine. The duty for Dnepropetrovsk Pipe Works is 12.5%, while for Interpipe – 13.8%. At the same time the Russian pipe manufacturers have been more severely hit. The duty for them is 24.1% for ChTPZ and 28.7% for TMK. (Ukrainian metal)
On September 10-21 the Ural-region department of Rostechnadzor carried out a scheduled inspection of Karabashmed. As a result 58 violations of legislation on industrial safety have been found. The company has been given time to remove the violations. (Ukrainian metal)
The State Committee for Energy, Industry and Subsoil Use changes the conditions for issue of licenses for the use of subsoil. From now on, the state will definitely participate in the projects. On October 3 the prime minister held a meeting on subsoil use and instructed within a week to develop new mechanisms for managing…
Prices of gold, silver and platinum increased, while the palladium price decreased in Azerbaijan on October 3, according to the data published by the Central Bank. The price of gold grew by 22.3465 manats, to 2,049.945 manats per ounce on October 3 compared to the price on October 2. The price of silver went up…
A new mining and processing works will be constructed in Kyzylorda region. The corresponding documents have been signed during the investment forum in London. The guarantee agreement was signed by Samruk Kazyna fund chairman Akhmetzhan Yesimov and sir Suma Chakrabarti of EBRD, while the construction agreement – by Tau-Ken Samruk national company chairman Kanat Kudaibergen…
Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…
ArcelorMittal Temirtau has completed a project to implement a high-tech system of rolling stock axles counting provided by Frauscher at the Uglerodnaya station. Investments in the project totaled 320 million tenges. The system will make the rolling stock movement safer and decrease maintenance expenses. In 2019 this system will be implemented at other railroad stations…
The state corporation Vnesheconombank has left the shareholders of the gold-extracting company Pavlik, which develops the deposits of the same name in Magadan region. The share of the bank in the company dropped from 9.9% to 0%. According to the bank the move was planned. VEB left Pavlik when it reached the design capacity of…
