Uzbekistan Iron and Steel Works is reorganizing the manufacture of import-replacing metal products – fasteners for machine-building. The capacity of the new complex is 5 thousand tons of fasteners per year. The company will assemble a new Sytco A. G. equipment to produce hot-rolled metal with 16-36 mm diameter, Berkshire Establishment LLP line to produce…
The Pipe Metal Company starts beta testing of the TMK eTrade – the first in Russia Internet store to sell pipe products. The store is expected to start functioning in full in September. At present TMK eTrade has the following services: pipe cost calculator based on a number of parameters (type and form, material, diameter,…
On June 29 the employees of Dneprovsky Iron and Steel Combine intend to hold another meeting protesting against the shut down of the main manufacture. According to the meeting organizers, representatives of the owner and the city authorities have been invited. “We do and will do our best to put the works back into operation…
The Armenian government has freed Lydian Armenia, operating at Amulsar deposits, from paying customs duties on the import of equipment and raw materials. According to the minister of economical development and investments Suren Karayan, the company has already invested some 44 billion drams ($90 million). 180 billion drams more will be invested. The cost of…
Polymetal has resumed operation at Kutyn gold deposits in Khabarovsk krai. The company bought the deposits in 2011, but in September 2014 the operations were suspended. Prospecting has been complete only on two thirds of the site. The new round of prospecting will start in April 2018. As of 2015, the estimated gold reserves of…
VIZ-Stal has finished modernization of two machines to produce nitrogen, used in the process of the thermal treatment of metal. The project will increase energy efficiency. Within the project the company replaced two of the three air separation units. The capacity of each new unit is 8 thousand cubic meters of pure nitrogen per hour.…
Over 40 units of mining machines were delivered to the Gaysky Mining and Processing Works in January-June. In particular, the company received Henkon Siberia machines, Charmec 6605B, Russian and Finnish drilling machines, as well as several dump trucks and load-haul-dump machines. This year Gaysky GOK will spend 1.7 billion rubles on modernizing mining equipment and…
Ferrexpo Plc intends to get a renewable credit line for $500 million until September 30, 2021. According to the agenda of Poltava Mining and Processing Works shareholders meeting scheduled for July 17, the borrowers will be Ferrexpo Finance plc, Ferrexpo AG, and Ferrexpo Middle East FZE, while PGOK will act as the pledge. PGOK shareholders…
