Izhstal has carried out capital repairs of a Kieserling bar finishing line. The line produces trimmed rods with the diameter of 14-75 mm. Izhstal has two similar lines. Their combined output in 2018 was some 1.5 thousand tons, up by 6% YoY. (Ukrainian metal)
Kosaya Gora Iron and Steel Works has held a meeting of shareholders. One of the issues of the June 24 meeting was the dividend payment for 2018. The shareholders decided not to pay dividends, and to spend the profit on the development of the company. (Ukrainian metal)
Chelyabinsk Electrometallurgical Works decided to finally increase wages. On May 16, the employees made a strike declaring that in 5 years their wages had decreased by a quarter. After the strike they met the company director, but to no avail. According to the new orders, from June 1 the wages at the company will increase…
Arkhara LLC, extracting gold on the territory of the Jewish Autonomous District, intends to obtain 150 kg of alluvial gold this year. At present the company is operating at one licensed site – the Fedoseyka River. So far 40 kg of gold have been extracted Last year the output was 200 kg. Arkhara, operating since…
Three Rusal companies have passed a certification according to the standards of the Aluminium Stewardship Initiative (ASI). The certification will help improve the manufacturing-sales network. Bauxite of Timan, Ural Aluminum Works and Irkut Aluminum Works have successfully passed certification according to ASI Performance Standard and ASI Chain of Custody Standard. Rusal intends to certify all…
The drawing site of the Severstal Steel Ropes Volgograd subsidiary has implemented an accounting technique resulting in the increase in the operation efficiency. The changes are related to the system of every wire drawer output fixation. Now all the work is accounted, including the weight of the unfinished coil. “The changes made to the accounting…
Alexei Raychev has replaced Sergey Sivtsov as chairman of the commission on the state enterprise Mine named after Surgay reorganization. Until 2018 Raychev has been the director of the state enterprise Krasnolimanskaya Coal Company. Sivtsov has been fired some hours after he has concluded an agreement to supply coal from the state mine to the…
Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…
