In January-August Beloretsk Iron and Steel Works sold 300 thousand tons of metal wares. According to the chief engineer of the company Veniamin Ulyanov, this is almost on the previous year level. “The exports have dropped a bit due to protective measures on the European market”, he said. Despite this BMK intends to keep exports…
Russia’s investments in mining projects in Venezuela may amount to about $1 billion, according to materials for the upcoming negotiations between Russian president Vladimir Putin and his Venezuelan counterpart Nicolas Maduro. “First of all, there is a high interest in production of diamonds and gold. According to Venezuelan estimates, the amount of investment participation of…
Russian businessman Alexei Mordashov has passed the control over gold mining company Nordgold to his sons Kirill and Nikita, the company said in a statement. According to a prospectus for placement of Eurobonds, Nordgold’s key shareholder is Ocean Management Limited registered on Cyprus, owning 94.88% in Nordgold directly and 5.06% through Aurora Nominees Limited. Unifirm…
Kyrgyzstan and Centerra Gold came to a new agreement on Kumtor project after long negotiations. It has entered into force. It has been repeatedly written about additional payments that the republic would get under the new agreement. But it is important not only because of them. Aza Migranyan, Doctor of Economics, Professor, Head of the…
Rally against environmental pollution took place near the building of the Parliament of Kyrgyzstan in Bishkek. According to the organizer of the rally Eleri Bitekchi, the reason for the protest was alleged transfer of Sarychat-Ertash nature reserve in Issyk-Kul region to Kumtor gold mining company. “Barsbek initiative group intends to sue all mining companies, in…
The modernization of the sheet-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works is nearing its end. The mill has been modernized since 2018. The first stage saw the commission of a new heating furnace and a bulk coiling machine. This allowed increasing steel coil weight to 16.5 tons as opposed to 9.5 tons…
Interpipe Niko Tube, Interpipe NTZ and Interpipe NMTZ have successfully passed the audit and prolonged the validity of certificates to use the API sign till 2022. The re-certification audits at the plants have been carried out by API specialists. They have inspected the enterprises’ correspondence to API Spec 5CT and API Spec 5L, as well…
In August metal output in Russia decreased by 1.1% YoY, but in January-August grew by 1.3%. According to the Federal Service of State Statistics, unalloyed steel manufacture was 4.8 million tons in August, down by 3.8% YoY and by 3.1% MoM. In 8 months output dropped by 1.1%. Stainless steel production was 12.7 thousand tons,…