Russia: Evraz to sell 1.7% of shares

Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.7% of Evraz shares. According to Evraz, this is around 25 million shares. Romans Abramovich indirectly owns Evraz shares through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov – through Crosland Global Limited, and…

Ukraine: CGOK to invest 7 million UAH in Kriviy Rih district development

Central Mining and Processing Works has signed an agreement on the social and economical partnership with the Petrovsky district administration and the district council. Combined investments in the development of the district infrastructure, educational, sports and medical facilities this year will reach 7 million UAH. In particular, under the contract it is planned to repair…

Armenia: gold bars manufacture to start soon

Chairman of the Central Bank Artur Javadyan said that Armenia would soon start producing gold bars. Addressing a government meeting on June 19, Javadyan revealed that a factory would be established, and that all the equipment had already been purchased. “We are working with a prestigious Swiss company. A factory will open to enable our…

Russia: gold output up in May 2019

In May Russia increased gold output by 11.5% YoY.

At the same time compared with April the output dropped by 16.3%.

In January-May gold manufacture in Russia grew by 24.4% YoY. (Ukrainian metal)

Ukraine: Ferrexpo to buy 400 gondola cars

Until the end of the year Ferrexpo plans to buy 400 gondola cars.

The decision is due to the strategic plans of Ferrexpo to increase pellets output.

In early 2019 Yeristovo Mining and Processing Works purchased 200 gondola cars from Kryukovsky Works, bringing the combined total to 2.6 thousand cars. (Ukrainian metal)

Uzbekistan: AGMK starts second stage of Kalmakyr mine railroad infrastructure construction

Almalyk Iron and Steel Works has started carrying out the second stage of the railroad infrastructure construction to the Kalmakyr mine. Kalmakyr Mine is the largest mining enterprise in the CIS, the base of Uzbek non-ferrous metallurgy. In 2016 the mine design capacity was increased to 30 million tons of ore per year. Under the…

Ukraine: DSS steel output down in May 2019

In May Dneprospetsstal decreased steel output by 11% MoM, to 18.4 thousand tons.

Rolled metal manufacture grew by 5.4%, to 13.7 thousand tons.

In January-May steel output dropped by 15.5% YoY, to 90.8 thousand tons, and rolled metal – by 14.1%, to 61.5 thousand tons. (Ukrainian metal)

Kazakhstan: gold output up in January-May 2019

In January-May Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 7.8% YoY, to 39,607 kg. In the reporting period the production of raw silver and semi-processed silver, or in powder form, equaled 400,235 kg, down by 2.5%. Besides, 676,942 tons (-8%) of untreated aluminum, aluminum oxide, 56,031 tons (-12.4%)…

Russia: UEM developing steel structure manufacture

With the commission of new steel structure capacities, Uralelectromed will increase its output to 4.5 thousand tons.

Last year the company produced 3 thousand tons of metal structures.

The company also plans to master the manufacture of grating. (Ukrainian metal)