Russia has sent a claim against additional U.S. import duties on steel and aluminum to the World Trade Organization (WTO), Economic Development Ministry said in a statement, citing Minister Maxim Oreshkin. “The reason for the claim is multiple WTO rule violations committed by the U.S. during the introduction of this measure. Besides Russia, China, India,…
The Pipeline Joint Taps Works, a part of ChTPZ, has mastered the manufacture of a new type of product for the nuclear energy. For the first time the works has produced hot-bent taps with the diameter of 219 mm and the wall thickness of 11 mm of stainless steel. The first batch of 18 taps,…
June 29 marked the end of three auctions for the sale of real estate properties owned by insolvent KVV Liepajas metalurgs. On May 30 the company’s administrator Vita Dika announced three auctions. The total value of auctioned properties reached EUR 262,000. Auction prices were not applied with VAT. The enforcer was Citadele Bank and other…
In January-May Ukraine produced 7.72 million tons of rolled metal, up by 11% YoY. Some 6.43 million tons, or 83.2%, were exported. Domestic customers received 1841.8 thousand tons of rolled metal, including 545.8 thousand tons, or 29.6%, imported. In January-May 2017 the share of imported rolled metal was 27.3%. Semi-finished products accounted for 42.2% of…
The Stepnaya mine of the DTEK Pervomayskoye Mine Group has commissioned the long face No. 175. Some 800 thousand tons of coal will be mined from the new long face in 10 months. The cost of repair and purchase of new machinery reached 153 million UAH. (Ukrainian metal)
Norilsk Nickel shareholders at the annual meeting have set financial dividends for 2017 in the amount of 607.98 rubles per share, or 96.2 billion rubles total. Taking into account the interim dividends for H1 2017 ($600 million), the total amount will reach $2.162 billion. Last year the company net profit dropped by 16%, to $2.123…
Yakutia intends to create a priority development area on the territory of Ust-Tanskiy, Oimyakonsky and Tomponsky districts. The project will attract over 27 billion rubles of private investments and create some 1700 jobs. 4 anchor investors plan to mine and process tin ore, as well as precious metals ore and sands. The new PDA could…
Rise LLC, which develops alluvial gold deposits in Magadan region, has already obtained 150 kg of precious metal since the start of the washing season. This year operations started in the first half of May. The company is operating at two sites on the Pravaya Vizualnaya brook and the Nelgyu River. This season it is…