Russia: MMK celebrates 85th anniversary

OJSC Magnitogorsk Iron and Steel Works celebrates the 85th anniversary of the launch of its Magnitogorsk mill. On February 1, 1932 the mill’s first blast furnace produced its first batch of pig iron. This date has come to be celebrated as marking the launch of MMK – one of the largest metal facilities in Russia…

Tajikistan to increase aluminum output in 2017

The Minister of Economic Development and Trade Nematullo Hikmatullozoda reported that Tajikistan planned to increase production of primary aluminum by 40% this year. “We plan to increase the volume of aluminum production to 179,000 tons this year,” the minister said. “Of course, it will depend on prices and demand for aluminum. If demand for aluminum…

Ukraine: Avdiivka Coke to restore production levels in 3-4 days after electricity supply repairs

Avdiivka Coke and Chemical Works will restore levels of production in three to four days after electricity transmission lines to the town of Avdiivka are repaired, the company CEO Musa Mahomedov said. “How quickly will we be able to restore production? Usually this takes 3-4 days following a shut-down,” he said. Mahomedov said currently two…

Russia: gold output in Zabaikalsky region up in 2016

Gold mining companies of Russia’s Zabaikalsky region increased gold output by 7% YoY, to over 12 tons in 2016, an analyst at the geology and subsurface use department of the region’s Natural Resources Ministry Alexei Zakharov reported. Tungsten concentrate production rose by 10%, to 1,700 tons, lead and zinc production remained flat at over 43,000…

Russia: TMK to hold SPO roadshow

Russian oil and gas pipe producer TMK will hold a roadshow for its secondary public offering (SPO) in England and the U.S on February 1-2, and will guide investors for a pre-market placement price of 74.5 rubles per paper, a banking source reported. The bookbildung will be finished on February 2, the source said. On…