On May 10, three auctions to sell scrap via the Prozorro electronic system, organized by Ukrzaliznytsia, were declared not taken place. The Ukrainian Railways intended to sell three lots: – 4 thousand tons of steel shavings for 17.4 million UAH; – 0.5 thousand tons of various scrap for 2.9 million UAH; – 0.04 thousand tons…
TMK postpones the SPO of its Romanian enterprise TMK-Artrom. TMK Europe intended to place 69 million shares of TMK-Artrom or 59.3955%. Moreover, the main shareholder demanded to hold a meeting of shareholders to cancel the previous decision to increase statutory capital. SPO was announced in late April. TMK-Artrom has a 16.1% share on the seamless…
Precious metal prices decreased in Azerbaijan on May 10 compared to the prices on May 8. The price of gold dropped by 0.7225 manats, to 2,187.3900 manats per ounce. The price of silver fell by 0.2697 manats, to 25.1462 manats per ounce. The price of platinum went down by 29.461 manats, to 1,457.5290 manats per…
Tulachermet has replaced its bridge crane. The preparation for the replacement lasted for a week. The 10-storey high crane had to be set in place without damaging nearby pipelines. At present the engineers are preparing to test the crane. After the inspection it will be put into operation, and the old crane will be disassembled.…
After a scheduled 2-week repair NLMK has put its blast furnace No. 7 Rossiyanka into operation. The repair allowed the group to start reconstruction of the blast furnace No. 6. The reconstruction, to last for some 130 days, will start in late May. During this period, Rossiyanka will provide over a third of all pig…
The board of directors of Buryatzoloto, a part of Nordgold, developing the Zun-Kholba and Irokinda deposits in the Republic of Buryatia, decided to transfer licenses to its daughter companies. In particular, Zun-Kholba LLC will be operating at the Zun-Kholbinskoye gold ore deposit as well as prospecting at the Pionerskoye deposit. The company will have 6…
In January-April, Ukraine exported 3.812 thousand tons of coke valued at $909 thousand, down 2.3-fold and 2.6-fold YoY respectively. The main customers were Romania (36.7%), Russia (20.77%) and Moldova (20.55%). At the same time, coke imports dropped by 13%, to 389.6 thousand tons valued at $120.63 million, down by 14.1%. The main suppliers were Russia…
Specialists of the German company Achenbach Buschhutten, one of the world’s leading manufacturers of aluminum alloys, have conducted an audit of the technical equipment of the company CNPT, launched in 2013 at the Ganja Aluminum Plant, the Azerbaijan Industrial Corporation (AIC) reported. Specialists of the German company conducted the audit at the invitation of the…
