Deputy Chairman of the Board of Kyrgyzaltyn JSC for Economy, Finance and Investments Bektur Sagynov told the deputies of the Respublika – Ata Jurt faction why Kyrgyzaltyn opposed the purchase of Thompson Creek. According to him, three members of the board of directors of Centerra Gold Inc. voted against the deal. “We didn’t have time…
The Rodninskaya mine employees (a part of Mirnogradugol, Donetsk region) still cannot make the enterprise management clear salary debts. “The miners have issued an ultimatum to the enterprise managers and the Ministry of energy and coal industry on July salary debts clearing (2.6 million UAH) and August salary payment. Now the salary is paid with…
The scheduled increase of railroad tariffs by 22.5% from October 1 will result in a significant increase of Azovstal products prime cost. “The transport component in the prime cost structure of our products is some 10-12%. That’s because we have expenses not only while shipping rolled metal, but also while bringing raw materials to the…
Kolmar will invest 22.5 billion rubles into construction of the Ingalinskaya-2 processing factory in Yakutia. The factory capacity will be 12 million tons of coal per year. Kolmar is designing the factory with Beijing CATIC Industry Limited. At present construction of the Denisovskaya processing factory is nearing its end. The project has also been designed…
Energomashspetsstal will produce rolls for two ArcelorMittal French Steel Works. The company has already started manufacturing 4 back up rolls for hot-rolling mills. In particular, 2 rolls with the total weight of 107.36 tons will be produced for ArcelorMittal Fos-sur-Mer. 2 other rolls will be supplied to АМ Mardyck. Their total weight is 80.35 tons.…
In September the “youngest” manufacturing enterprise of Ryazan Pipe Works in Novocherkassk turns 2. In 2 years the company produced 35 thousand tons of electric-welded pipes. The company employs 100 people. This year the company has already started manufacturing 10 new sizes of pipes, with 6 more to be introduced by year-end. In November construction…
In August Krasniy Octyabr produced 95% of the planned volumes of steel and 100% of rolled metal. The 1600-mill produced a record of cold-rolled sheet – 147 tons. The company has started manufacturing forged rods of large diameter of stainless steel. This month Krasniy Octyabr intends to produce 37413 tons of steel and 25090 tons…
Intergeo, belonging to Mikhail Prokhorov, has sold Amurmed. According to Intergeo, Amurmed is a less attractive asset for the group than the Ak-Sug in Tuva (5.7 million tons of copper) and Kingash in Krasnoyarsk Krai (2.2 million tons of nickel, and 1 million tons of copper, as well as cobalt, platinoids and gold). Amurmed has…
