In 2018 Severstal will provide KAMAZ with at least 60 thousand tons of metal. According to the group statement, it supplies cold- and hot-rolled sheets to the largest truck producer in Russia, Last year Severstal sold 58 thousand tons of metal to KAMAZ. (Ukrainian metal)
In February Yuzhniy Mining and Processing Works decreased concentrate output by 2.7% MoM, to 915.7 thousand tons. According to the company statement, sinter output grew by 18.2%, to 159.6 thousand tons. In January-February UGOK produced 1969.1 thousand tons of concentrate and 291 thousand tons of sinter, down by 1% and by 4% YoY respectively. In…
The board of directors of Asian-Pacific Bank has approved the sale of a 9.11% stake in U.K.-registered Petropavlovsk Plc, which mines gold in Russia. In December 2017 companies controlled by tycoon Viktor Vekselberg sold a combined stake of 22.3% in Petropavlovsk and 2020 bonds that might be converted into a 6.83% stake in the company…
If in the near future the gold extracting company in Toguz-Toro district does not suspend its activities, the residents will again hold a rally, the Chairman of the rural council in Atay village, Ulanbek Sheripov, declared at a press conference on March 5. According to him, all the locals oppose the work of the new…
Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…
A new steel rebars works valued at $22 million was commissioned on the basis of Caspian Steel, that had been idle for the past 6 years. Aktau Steel has already created over 150 jobs, and the number is expected to double. “Azerbaijani side invested over $22 million in the restoration of the enterprise. The capacity…
Since the start of the year Alchevsk Iron and Steel Works has produced over 16 thousand tons of pig iron. “Two blast furnaces are operating, and the manufacturing process is stable. 2 coking batteries have been put into operation. Sinter manufacture has been resumed. The company started shipping pig iron to customers”, said Dmitry Bozhich,…
In 2017 Beloretsk Iron and Steel Works received 1.004 billion rubles of net profit, up from 315.5 million rubles. In Q4 2017 BMK registered 240 million rubles of net losses, while in Q3 2017 – 424 million rubles of profit. Last year the company sold 23.932 billion rubles worth of metal, up by 2% YoY.…
