Business Armenia has signed a Memorandum of Understanding with ARGA-Eurosteel on the investment of $850,000 and the construction of a new factory for the production of equipment from stainless steel. The document was signed by the Business support team leader at Business Armenia Hayk Mirzoyan and ARGA-Eurosteel CEO Garen Salkhanian. According to the MOU, Business…
Centerra Gold Inc. has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date under the Strategic Agreement originally expired on April…
Zaporizhstal has put into operation a new 5-section cooling tower, produced in Israel. Investments in the project totaled 40 million UAH. The new tower will decrease water intake from the river Dnepr by 4.8 million cubic meters per year. Electricity savings will reach 1 million kW-h. Since 2012 Zaporizhstal has spent 8.8 billion UAH on…
Interpipe has certified its compressor-pump pipes with thread joints UPM-J according to the highest gas-proof requirements CAL IV (Connection Application Level) of the ISO 13679. “The certification according to ISO 13679 CAL IV is very important, as the pipes are used in the shafts many times. We are expanding the range of premium solutions for…
In January-May, according to the customs statistics, Russia imported 6.56 thousand tons of corrosion-resistant steel from Ukraine valued at $29 million. This is down by 27.3%, but up by 3% YoY respectively. Bars account for some 80% of deliveries. At the same they decreased by one third. Seamless pipes accounted for 1 thousand tons, down…
In January-June Uralskaya Kuznitsa increased sales by 43%, to 98 thousand tons. UralKuz increases railroad axles output. Axles sales grew by 69%. The company has been manufacturing products for railroad transport since 1995. (Ukrainian metal)
In January-June Khabarovsk region obtained 9871 kg of gold, up by 8% YoY. In particular, Resursy Albazino LLC mined over 3500 kg of gold, Svetloye GOK – 1600 kg and Okhotskaya Mining and Geological Company – 500 kg. All the three companies are parts of Polymetal. Silver output reached 24961 kg, down by 9% YoY.…
Since the start of cooperation with Gazpromtrubinvest, Severstal has supplied the company with over 2.1 million tons of metal products. Severstal ships hot-rolled coils to the company, which are then used to produce electric welded oil and gas, compressor-pump and casing pipes with the diameter of 60-426 mm. In particular, in 2017 metal deliveries reached…