In 2016 Almalyk Mining and Processing Works manufactured an industrial machine to produce coal briquettes. The further works is underway. In January the works produced and assembled 5 new machines. By May the company plans to have produced 61 units.
In January coalmining companies of the Siberian Coal and Power Company in Zabaikalsky Krai increased deliveries of coal by 11.6% YoY. The increase was the result of the grown demand from power companies, and miners even had to work during New Year holidays. In 2016 SUEK mined 4.4 million tons of coal, up by 208.8…
Almalyk Mining and Processing Works started manufacturing new product – copper wire. The output at the shop will reach 5 thousand tons of copper wire per year with the diameter of 1-4.5 mm. Raw materials – copper wire rod – will be supplied by Uzkabel. The project allowed creating 23 new jobs. (Ukrainian metal)
The Russia-supported militants are prepared to “nationalize” major industrial enterprises, according to the head of the terrorist organization Lugansk People’s Republic Igor Plotnitsky. The so-called “parliament of LPR” has approved of the decree to make amendments to the law “On taxes”. According to it, all the companies operating in the region, but not registered in…
Mikhail Spektor has been appointed the president of Black Iron to speed up the implementation of iron ore extraction and processing project in Ukraine. According to the company statement, up till September 2015, he has been the president of the VS Energy. Spektor will be responsible for obtaining all the necessary permits from the government…
Financial results of the Severstal Group cannot be considered satisfactory, Severstal CEO Alexander Shevelyov said. “If we analyze the results we will see that Severstal, unfortunately, has shown the worst dynamics among metal companies in Russia. We have increase profit from sales compared with 2015, but it is considerably low than that of NLMK or…
Magnitogorsk Iron and Steel Works has announced that board of directors held a meeting on February 10. The board has approved May 26, as the date for the annual general meeting of shareholders (AGM) of the company. The cut-off date for inclusion in the shareholder register for the AGM is May 2, at the close…
Russian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…