Russia: Evraz accused of wheel price increase

The Federal Antimonopoly Service found out that in 2013-2015 Evraz set the profitability of 1058 mm wheel manufacture 4 times higher as that on the market. According to FAS, Evraz occupies the “dominating position on the Russian railroad wheels market” and has violated the law on competitiveness protection. In the past 5 years Evraz share…

Kyrgyzstan: 3 gold deposits put up for sale

Three gold deposits were put up for auction, the State Committee of Industry, Energy and Subsoil Use reported. Kumbel gold deposit was discovered in 1936. Its reserves estimate has never been approved. The starting price is $9,120. The auction will be held on January 24, 2018. In addition, Issyk-Ata area with a starting price of…

Uzbekistan: 4 investors to prospect gold deposits

The State committee on geology and mineral resources has this year attracted 4 foreign investors to prospect 10 gold deposits. The agreements have been signed with B2Gold (Canada), NordGold (UK), TUMAD (Turkey) and Shindong Resources (South Korea). Gold reserves on these deposits are not revealed, but investments in prospecting could total $8 million. The agreements…

Ukraine: ferrous metals exports revenue up in January-November 2017

In January-November Ukraine received $7.848 billion from the exports of ferrous metals, up by 18.5% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.88% of the total export revenue against 20.24% in January-November 2016. In November ferrous metals exports earned Ukraine $932.47 million, up from $744.43 million in October. Imports increased by…

Russia: Saratov Works declared insolvent

Saratov Works of Reservoir Metal Structures has been declared insolvent. During the supervisory procedure, which has lasted since the beginning of the year, the insolvency officer has analyzed the company financial activity and decided that it will be impossible to restore solvency, as debts reach 1.26 billion rubles. The works was created in 1947 as…

Russia: KMEZ to assemble new gas-purifying equipment

Kyshtym Electrolytic Copper Plant will assemble a new complex on MAERZ furnace gas purifying valued at 200 million rubles.

Purification will reach 99%, and the total square of filtration will be 4.5 thousand square meters.

The new gas-purifying equipment will be commissioned in H2 2018. (Ukrainian metal)