A worker of the mine of Vertex Gold Company was injured, eyewitnesses reported. The 34-year-old worker was hospitalized in serious condition. He’s in intensive care unit. The mine of the gold mining company is located in Chatkal district of Jalal-Abad region. The main activity of Vertex Gold Company is the development and extraction of minerals.…
The rolled metal consumption is expected to grow by 3-3.5% in 2018. According to Denis Dyatlov, MMK Trading House director, consumption will grow in car manufacture and machine-building, and will remain on the same level in pipe industry. Unfortunately, the construction industry shows negative results. In January-April rolled metal consumption dropped by 2%. This year…
According to Igor Malyshev, director of the Fund of pipe industry development, the pipe market is still facing the problem of quality dumping, indicated by a growth of faked products sales, in particular, used pipes, which are sold as new under forged documents. The volume of the shadow market is considerable – over 1 million…
Market players expect stabilization of supply and demand in the second half of the year. Small and medium diameter pipes consumption growth is expected on the level of 5%, and seamless pipes – 3%. The second half of the year will see a seasonal increase of demand for small and medium diameter pipes, while the…
In January-April exports from Russia totaled $140.2 billion, up by 26.8%. According to the customs statistics, the share of metal grew to 10.7% from 9.9% in January-April 2017. In money terms exports increased by 36.7% YoY, and in physical terms – by 15.4%. Pig iron exports grew by 39.9%, copper and copper alloys – by…
In January-April Russian imports totaled $75 billion, up by 18.6% YoY. Far foreign countries accounted for 88.9% of all supplies, while CIS countries – 11.1%. The share of metal grew to 7.2% from 6.8% in January-April 2017. In physical terms imports increased by 26% and in money terms – by 25.2%. Ferrous metals imports grew…
KAZ Minerals has signed an agreement with Non Ferrous of China on investments into Koksay project. According to the agreement, in exchange for the investments of $70 million NFC will receive 19.4% in the project. “We have successfully worked with NFC at the Bozshakol and Aktogay construction and intend to develop our relations”, the company…
The state enterprise Lvivugol has completely cleared the salary debts for April to its miners. According to a company representative, the enterprise received a payment from the state enterprise Ugol Ukrainy (Coal of Ukraine), which allowed paying April salary in full. Soon May salary will also be paid. Earlier miners threatened to go on a…