Russia: Bekart-Lipetsk increases capacity

Bekart-Lipetsk LLC is starting the capacity increase project. Bekart started producing metal cord at its Lipetsk site in 2009. In 2013 the company began manufacturing steel fiber for construction. This September it was decided to increase cord capacity by 50%, to 35 thousand tons per year, and fiber – by 100%, to 40 thousand tons.…

Ukraine: Evraz out of UGOK shareholders

Metallotechnika LLC, a part of Evraz, and the owner of 25.7834% of Yuzhniy Mining and Processing Works, has ceased being a shareholder of the company. Metallotechnika has sold all of its shares. As of Q2, the major shareholders of UGOK were Strettonway Traders&Consultants Limited, Acretrend Holdings Limited и Mint Data Holdings Limited (all – Cyprus),…

Ukraine: Lvivugol officials fined for untimely filling in declarations

7 officials of the state enterprise Lvivugol have been accused of corruption by the Chervonograd local prosecutors.

Without any important reasons they have untimely filled in the declaration on income and possessions on the official site of the National agency on corruption. They have all been fined for 850 UAH each. (Ukrainian metal)

Russia: tungsten raw materials exports duty postponed

The restoration of the 10% tungsten ore and concentrates export duty, scheduled for September, has been postponed till the end of the year.

Thus the current 0% duty will be valid through December 31.

The export duty was imposed in 2013. In 2016 after requests from manufacturers it was temporarily cancelled. (Ukrainian metal)

Russia: Vorkutaugol sets coking coal-processing record

Vorkutaugol, one of the major coalmining companies in Russia, has processed a record of 135 thousand tons of coking coal in a month.

In order to hit a record, the company Pechorskaya central processing factory carried out all the necessary preparation works in H1. (Ukrainian metal)