Albert Avdolyan has completely cleared the salary debts to the employees of the Hydrometallurgical Works (510 people) in the amount of 27 million rubles and to Intermix-Met LLC (170 people) for 9 million rubles. Avdolyan has also become the sole owner of the Yuzhnaya Power Company. All these companies are a part of the privatized…
In 2019 Evraz intends to sell 13.7 thousand tons of vanadium, up by 7% from the forecast for 2018 (12.8 thousand tons). The increase has to do with the sales of stocks. In mid-term the company also plans to optimize its manufacture at Kachkanarsky Mining and Processing Works to develop iron ore stocks with higher…
In August Russia exported 423.3 thousand tons of raw aluminum, up by 42.15% YoY. In January-August, according to the customs statistics, the exports totaled 2.15 million tons valued at $3910 million, up by 12.2% and by 25.2% YoY respectively. In August the average prices was $1809 per ton, up by 8.2% MoM. (Ukrainian metal)
In January-August Russia exported 540 thousand tons of copper valued at $3551 million, up by 11.3% and by 27.9% YoY respectively. The volume of primary copper exceeded 80%. In August the average primary copper price was $5897 per ton, down by 9.4% YoY. Copper wire rod price was $6196 per ton, up by 4.3%. (Ukrainian…
In January-September Kuzbassrazrezugol mined 36.2 million tons of coal, up by 1.2% from the plan and by 1.2 million tons YoY, including 4.8 million tons of coking coal. 31.5 million tons of coal have been shipped to the customers, in particular, 22.3 million tons for exports. The local market received 9.1 million tons. Factories processed…
Artem Nazim, the ex-chief accountant of Dneprovsky Iron and Steel Combine, has been appointed to the same office at Dneprovsky Iron and Steel Works. Olga Zaremba, who has been the DMZ chief accountant for two months, has been relieved of her duties from October 21. Instead of Nazim, the chief accountant at DMK is now…
Ukraine has launched complaints at the World Trade Organization to challenge antidumping duties imposed by Armenia and Kyrgyzstan on certain types of Ukrainian steel pipes, documents published by the WTO showed. Ukraine said the two countries, both members of the Russia-dominated Eurasian Economic Union, should have phased out duties that were “higher than necessary, erroneous…
Polyus has started preparations for the preliminary estimation of the Sukhoy Log gold-ore deposit in Irkutsk region. The company intends to have received all the information by late 2018 and the estimation of reserves in 2020. In January 2017 the SL Zoloto LLC, a daughter company of Polyus, won the auction to develop the largest…