Dzholdoshbek Dzhunushev was appointed General Director of the State Enterprise Kyrgyzkomur, press service of the State Committee for Industry, Energy and Subsoil Use reported. According to its information, the new head was introduced to the staff by the Chairman of the State Committee for Industry, Energy and Subsoil Use of the Kyrgyz Republic Ulanbek Ryskulov…
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 92.69 million UAH. This year the company will supply 16 thousand tons of technical granulated sulfur with the purity of at least 99.98% at 5649 UAH or $212 per ton. The products will be…
The Ukrainian budget has received three times more funds from the duty on scrap metal exports (UAH 343 million/$12.7 million instead of UAH 112 million/$4.1 million) over the year when an increased rate of the export duty on scrap metals was in effect. “We have very positive results of our “metallurgy law” with Oleh Lyashko…
Karelsky Okatysh has started modernizing its drum pelletizers. The rubber lining is glued to the inside of the pelletizers to protect the surface from vibration and concentrate pickup. “This will allow us increasing the maximum capacity of the pelletizing lines and retaining qualitative parameters of pellets”, the company noted. 3 drum pelletizers have been modernized…
Electrozinc has commissioned the new gas blower in the compressor department of the sulfur acid shop. The machinery valued at almost 500 thousand euro was put into operation by the supplier – Piller, Germany. The gas blower was assembled in September 2017 to replace the outdated blower, which had been operating since 1981. (Ukrainian metal)
Strategy 2017 target of $1 billion annual EBITDA gains has been achieved – Strategy 2017 delivered structural annual EBITDA gain of $1,019 million. Management initiatives contributed around $740 million (over 70%) to the result. The company expects additional gains of around $160 million in 2018 generated by recently completed investment projects. Full self-sufficiency in iron…
Zonoville Investments Limited, a consortium comprising multi-industry holding Renova Group of the businessman Viktor Vekselberg and Access Industries of Leonard Blavatnik, intends to acquire a 6% stake in Russian aluminum giant UC RUSAL from Onexim Group of tycoon Mikhail Prokhorov. After the deal in closed, Zonoville and its associate Sual Partners Limited will jointly control…
The net profit of Russian steelmaker NLMK jumped by 55% YoY, to $1.45 billion in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 20. Revenue grew by 32%, to $10.065 billion due to an increase in average prices for metals products, a growth of sales volumes,…