Kazatomprom National Atomic Company JSC and Emirates Nuclear Energy Corporation (ENEC, UAE) have inked a Memorandum of Understanding in Astana. The aim of the memorandum is to establish mutually beneficial cooperation between Kazakhstan and the United Arab Emirates in terms of peaceful atom and energy industry. In addition, the memorandum reflects the intentions to supply…
The government of Kyrgyzstan and Centerra signed a new agreement on Kumtor. The document was signed by the Prime Minister Sapar Isakov and Chief Executive Officer Scott Perry. As Scott Perry noted during the ceremony, taking into account that Kyrgyzstan was in fact the largest shareholder of Centerra, the agreement was of great importance. He…
In August direct supplies of rolled steel to housing-construction and ferroconcrete structures manufacturing companies totaled 19.2 thousand tons, up by 2.9% MoM, but down by 15.2% YoY. According to the railroad statistics, in July the indexes were +5.2% and –30% respectively, and in June –37.2% and –3.4%. In January-August construction companies received 180 thousand tons…
In January-August Ukraine exported 25.78 million tons of iron ore and concentrate valued at $1.744 billion. According to the State Fiscal Service, this constituted a 6.3% share in the total exports. The largest batches of ore were shipped to China ($496.279 million, or 28.4% of the total exports), Slovakia ($192.498 million, 11%) and Austria ($191.821…
In January-July Kazakhstan mined 144.1 billion tenge worth of ore, up by 57% YoY. Kostanay and Karaganda regions yielded the most – 128.1%, up by 54.7% YoY, or 88.9% of the total volume, and 14 million tenge, up by 78.4%, or 9.7% of the total respectively. ArcelorMittal Temirtau was the largest contributor in both regions.…
Kama-Trade Tatarstan LLC, one of the leading metal suppliers, will open a service metal-processing center on EPS cleaning of metal in the city of Naberezhniye Chelny. The company has received 228 million rubles from the Fund of mono-cities development for the project. Total investments will reach 570 million rubles. By 2019 the project will have…
Omolonskaya Gold-Mining Company (OZRK), a part of Polymetal, has received a license to prospect a new site of the Nadezhda Ore Group in the Magadan region. The license is valid for 7 years. The site is 45 km from the Kubakinskaya gold-processing factory, belonging to OZRK. The company will start drilling in 2018. If gold…
Stainless steel consumption in Russia is gaining pace. For example, in H1 demand for stainless rolled metal increased by 25.7%, and had to be satisfied with imported metal. This situation will persist, as only Mechel has plans to carry our investment project in the segment of stainless and special steels. Thus the dependence of Russian…