Mechel has signed an agreement to supply metallurgical coke to Kayseri Sugar, the largest sugar producer in Turkey. According to the agreement, Mechel will have to deliver up to 90 thousand tons of coke in 2019-2021 (some 30 thousand tons each summer). The price will be determined during negotiations. “Turkey is one the priority export…
The Moscow Arbitration Court has turned down a 174-million ruble suit of RUSAL Bratsk, a subsidiary of Russian aluminum giant UC RUSAL, against power producer Unipro over a malfunction at the Berezovskaya GRES power plant. In its suit, RUSAL Bratsk asked the court to cancel a capacity supply agreement signed in 2010 and make Unipro…
In January-March, Uzbekistan decreased gold output by 25% YoY, to 809 thousand tons. According to the state statistics, in Q1 2018, 1087 thousand tons of coal were mined. In December 2018, 45% of Uzbekugol were transferred to the management of Progress Gor Tech LLC (Russia). (Ukrainian metal)
Russian state nuclear corporation Rosatom’s fuel company TVEL has signed a cooperation agreement with German titanium supplier Hermith to create a joint venture for manufacture of titanium products with a high added value, TVEL said. The venture will sell its products to aviation, car, and pharmaceutical companies, TVEL said, adding that the agreement also…
Mariupol Ilyich Iron and Steel Works has been awarded for the development of the labor potential. The plant was awarded at the XI forum of the Employers Association. Avdiivka Coke and Chemical Works was awarded in the category “Despite crisis”. (Ukrainian metal)
Gold prices decreased in Azerbaijan on April 17 compared to the prices on April 16. The price of gold fell by 12.2655 manats, to 2,172.0475 manats per ounce. The price of silver increased by 0.1243 manats, to 25.5532 manats per ounce. The price of platinum dropped by 7.6925 manats, to 1,498.9155 manats. And the price…
In January-May, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. Gross profit increased 18.5-fold, to 1.572 billion rubles. Fixed liabilities dropped from 352.6 million rubles as of December 31, 2018, to 337.8 million rubles, while current liabilities grew from 2.047 billion…
Metalloinvest has elected a new board of directors. In particular, the board now features Ivan Streshensky (chairman), Andrey Varichev, executive director, Vakhtang Kocharov, executive director, Pavel Mitrofanov, non-executive director, Gleb Kostikov, non-executive director, Irina Lupicheva, non-executive director, Valeriy Kazikayev, independent non-executive director, Galina Aglyamova, independent non-executive director, and Dmitry Tarasov, independent director. Vakhtang Kocharov has…
