RUSAL starts its data center project development at its Nadvoitsy Aluminum Smelter in the Republic of Karelia. The data center will focus on providing IT services, including solutions for big data analysis, machine learning, and cryptocurrency mining-related operations. AA!LAB company has become the first project implementation partner to sign, alongside RUSAL, the Memorandum of Understanding…
Magnitogorsk Iron and Steel Works board of directors has approved of the investment program for MMK-Metiz. Capital investments will total 3.8 billion rubles. The program is intended to run through 2020. MMK-Metiz was created in 2003. (Ukrainian metal)
In 2017 TMK intends to sell 3.8 million tons of pipes and in 2018 – 4.3 million tons. According to the company first deputy CEO Vyacheslav Popov, last year TMK sold 3.5 million tons of pipes. (Ukrainian metal)
Evraz has transferred 94.96% of Evraz Yuzhkoks shares, previously owned by Palmrose B. V,. to Dashuria. Both Dashuria and Palmrose are Evraz daughter companies. In 2016 Evraz Yuzhkoks received 61.1397 million UAH of net profit, down 3.5-fold YoY, while its net income rose by 11.22%, to 2.763 billion UAH. (Ukrainian metal)
Since the beginning of the year gold output in Tajikistan increased by 17%, that of silver – almost 2-fold. In January-October gold output went up by 16.4% YoY, and silver – by 89.7%, according to the Ministry of industry and new technologies. In 2016 Tajikistan produced the record volume of precious metals: 5 tons of…
Metal of the Kazakhstan Electrolysis Works has become a part of products of the new enterprise to produce alloyed aluminum – Giessenhause LLC, which has received the award as the Best industrial project. KEZ is the only manufacturer of aluminum in Kazakhstan. Giessenhause project capacity is 52 thousand tons per year. KEZ has already supplied…
Around 200 miners of ArcelorMittal Temirtau refused to return to the surface and remained in the shaft. “Some 200 miners of the fourth (night) shift form 4 mines did not return from underground after their shift. This is an unsanctioned action, as the miners have made no claims neither to the mines management, nor to…
Shenzhen delegation visited the Kargalinsk district of Aktobe region. Chinese businessmen were presented the project of iron and nickel ore development at the Velikhovskoye iron ore deposits. Investors showed their interest in long-term cooperation with the district in deposits developing. Having signed the memorandum of cooperation the investors noted that a special group would analyze…
