On May 31 Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih Paramjit Kahlon signed an order regarding the increase in salaries at the company from May 1. This way, the order issued on May 8 was amended and base salaries of the employees were revised upwards once again. This decision was made after the negotiations…
The prices of main precious metals decreased in Azerbaijan on June 1, according to the data published by the Central Bank. The cost of gold decreased by 7.9135 manats, to 2207.6965 manats per ounce in Azerbaijan compared to the price on May 31. The cost of silver decreased by 0.1683 manats, to 27.9256 manats per…
The aluminum empire of the Russian magnate Oleg Deripaska is in close contact with the U.S. Treasury, but needs until mid-summer to come up with a plan to meet U.S. requirements to escape sanctions, Reuters reported on May 31 citing En+ chairman Greg Barker. The U.S. Treasury in April imposed sanctions against billionaire Deripaska and…
In January-April Zapadnaya Mining and Ore Company mined 112 kg of ore gold at the Badran deposits in the Republic of Sakha (Yakutia). Silver output totaled 8.4 kg. Actually, this volume was obtained in 2 months, as in March the company did not mine. In late February the company license was revoked. By April Zapadnaya…
In April Russia produced 4.32 million tons of pig iron, down by 2.1% YoY (4.462 million tons in March). In January-April pig iron production totaled 17.28 million tons, down by 0.3% YoY. Ukraine increased pig iron output in April by 11.9% YoY, to 1.649 million tons (1.678 million tons), and by 9.8% YoY in 4…
Uralelectromed has mastered the manufacture of wire rod with the diameter of 10 mm. So far the company has been producing only 8-mm wire rod. The suggestion to produce this wire rod came from the Cable Alliance Holding, and the contract for the pilot batch of wire rod was concluded. As a result UEM shipped…
Volzhsky Steel Structures Works is participating in the project on the environment modernization of the manufacturing process at the Krasniy Octyabr Iron and Steel Works. According to the VZK sales director Julia Ilchenko, the company will produce gas pipeline structures. The company is also actively cooperating with the enterprises of the fuel and energy complex,…
Metinvest has modernized the railroad station “Uzlovaya-1” at the Avdiivka Coke and Chemical Works. Investments totaled 24 million UAH. Now the railroad switches and traffic lights along the entire route are managed in automatic mode. With the help of the computer with a large display a person on duty at the station monitors all the…
