In January-June Zaporizhstal fulfilled all the 122 conditions lined out in the collective agreement for this year. The total amount of financial obligations under the agreement in H1 reached 180 million UAH. Average salary increased by 20%. Bonuses to the authors of the best ideas of efficiency reached 2 million UAH. 170 young employees received…
Shareholders of Evraz – Dneprovsky Iron and Steel Works intend to increase the company charter capital by 30.4%, from 574.99 million UAH to 749.99 million UAH by placing additional 700 million shares with the value of 0.25 UAH. The issue will be discussed at the extraordinary meeting of shareholders on September 22. According to one…
The mining and processing complex of Magnitogorsk Iron and Steel Works comprises of a mine shop, an ore-dressing factory, a sinter shop, a grinding-kilning shop and the sinter charge preparation shop. For the past several years the shop has undergone a massive reconstruction. In particular, the company has reconstructed the sulfur-exhaust machine, which allowed increasing…
RusHydro and Rusal will not continue constructing Boguchansky Aluminum Works. “The further expansion of BoAZ to the projected 600 thousand tons will not be necessary, as the partners decided to finish construction of another plant”, RusHydro CEO Nikolai Shulginov declared. “We’re switching to another plant, as it is more efficient”. In autumn 2016 the companies…
The throughput of the railroad rout Kamysh-Zarya – Volnovakha, through which Mariupol metal works get raw materials, is too low, Azovstal CEO Enver Tskitishvili told the infrastructure minister Vladimir Omelyan. According to him, on average 15.8 pairs of cargo trains go via this route daily, despite the fact that Ukrzaliznytsia invested a lot to increase…
The Antimonopoly Committee is questioning the interested parties on the situation on the coke market. The survey will be carried out by September 30 at the request from Private Ltd Liability Co. Metinvest BV (the Netherlands) as to the purchase of Dneprodzerzhinsk By-Product Coke Plant. The company wants to buy over 50% shares. At present…
Mining and metallurgic company Norilsk Nickel plans to make a final decision on its participation in development of the Baimskoye field in Russia’s northernmost Chukotka Autonomous District until the end of 2017, Vice President Yelena Bezdenezhnykh reported on the sidelines of the Eastern Economic Forum on September 6. “We have been evaluating the potential of…
In January-August Ukraine imported $54.330 million worth of copper and copper wares, up by 50.9% YoY. According to the State Fiscal Service, copper exports went up by 72.3% YoY, to $81.779 million. In August copper exports totaled $8.959 million, and imports – $6.882 million. Nickel and wares imports dropped by 13.8%, to $50.664 million ($5.646…