Cherepovets Iron and Steel Works intends to increase sales of metal to clients who pay special attention to surface quality. For this the company will modernize its metal treatment shop No. 2. Investments will total 1 billion rubles. In particular, the company plans to expand the existing shop premises and assemble a number of mills…
Zaporozhye Titanium and Magnesium Works has passed a certification of one of the largest Chinese consumers of titanium sponge – GoldSky. “Thus ZTMK has received the right to supply titanium sponge to GoldSky”, the company reported. The passing of certification of major world titanium buyers is a part of ZTMK sales market expansion program. “Thanks…
Mintha Holding Limited of businessman Viktor Rashnikov has sold a 3% interest in Russia’s Magnitogorsk Iron and Steel Works (MMK) on the market for about 36.7 rubles per security, a financial source reported on September 6. “The bidding book was open yesterday and the placement of the entire stake was successful. Many Russian brokers bid…
In August Ukrainian mining and metal companies received only 21% of the railroad cars they needed. “It’s still early to say about the improvement. There is still an irregularity in provision. As to the mining and metal companies, some of them get just 0-15% of the cars needed”, Ukrmetallurgprom president Alexander Kalenkov said. But since…
DTEK Energo has increased investments in development and modernization of its combined heat and power plants and mines. In January-August the group invested 3.6 billion UAH, up by 80% YoY. In particular, investments into DTEK Pavlogradugol and DTEK Dobropolyeugol totaled 2.9 billion UAH. This allowed increasing output of gas coal, which is supposed to completely…
“The agreements of Centerra and the government of Kyrgyzstan will have a good impact on the investment climate of the republic,” the head of the International Business Council Askar Sydykov said, commenting on the Cabinet’s statements on the agreement reached. “A detailed assessment of the agreements can be given when all of their details will…
The minister of energy and coal industry Igor Nasalik says Ukraine is experiencing the shortage of gas coal to replace anthracite. In 2017 anthracite consumption dropped by 3.5 million tons and is expected to decrease by 3 million tons more in 2018. Nasalik has addressed the Ministry of finances to provide funds for investments into…
Zaporizhstal is implementing the project on remechanization of its diesel-locomotive shunters. According to the company statement, this will improve the lifetime of its fleet comprising 80 locomotives. In August the works carried out a pilot project. Investments totaled 8 million UAH. The modernization of the locomotive has been carried out by Nikolayev Locomotive-Repair Plant. Modernization…