Kazakhstan: new lead and zinc plant to be created

A new mining and processing works will be constructed in Kyzylorda region. The corresponding documents have been signed during the investment forum in London. The guarantee agreement was signed by Samruk Kazyna fund chairman Akhmetzhan Yesimov and sir Suma Chakrabarti of EBRD, while the construction agreement – by Tau-Ken Samruk national company chairman Kanat Kudaibergen…

Ukraine: Metinvest boosts environmental investment in Mariupol

Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…

Russia: VEB drops off Pavlik

The state corporation Vnesheconombank has left the shareholders of the gold-extracting company Pavlik, which develops the deposits of the same name in Magadan region. The share of the bank in the company dropped from 9.9% to 0%. According to the bank the move was planned. VEB left Pavlik when it reached the design capacity of…

Russia: MMK EGM approves dividends for Q2 2018

PJSC Magnitogorsk Iron and Steel Works announced that an Extraordinary General Meeting of shareholders was held on September 28 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 1.589 rubles (including tax) per share for the second quarter of 2018. The dividend will be paid in cash…

Ukraine: EMSS supplies 170 tons of rolls to local companies

In September Energomashspetsstal shipped 170 tons of roll products to Ukrainian companies.

According to the company statement, in particular, it produced supporting and working rolls for hot- and cold-rolling mills.

The rolls were shipped to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Evraz DMZ. (Ukrainian metal)

Russia: UralKuz certifies products for aviation industry

Uralskaya Kuznitsa has successfully passed the audit of its products. As the result of the inspection the specialists of the Ufa Motor-Building Manufacturing Enterprise checked the quality management system for the production and delivery of goods for the aviation industry. The company purchases forgings of heat-resistant alloys for gas-turbine engines. Thanks to the special characteristics…

Ukraine: metal companies increase rolled metal consumption

In January-August Ukrainian companies increased rolled metal consumption by 4.64% YoY, to 3.137 million UAH.

According to statistics, 948.5 thousand tons were imported.

Imports increased by 14.62%. (Ukrainian metal)

Uzbekistan: tungsten cluster to be created

IFG Metals & Mining and the State Committee on Geology and Mineral Resources have signed an exclusive agreement on the prospecting and development of 7 tungsten deposits. Under the agreement a tungsten cluster will be created in Uzbekistan. Investments in 25-30 years will reach $300 million, and some 1500 jobs will be created. IFG will…

Russia: Medvedev orders government to auction copper and cobalt ore site

Russian Prime Minister Dmitry Medvedev has signed a ruling to hold a 413.07-million ruble auction.

The right to develop the Zapadny Kara-Kulsky bismuthiferous copper and cobalt ore site in the Altai region will be sold, according to the ruling published on the government’s website on October 2. (Prime/Ukrainian metal)