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In late January the government will finally decide on how to use the territory of the insolvent KVV Liepajas metalurgs. So far the only company, which has bought a shop in order to resume operation there, is Caljan Rite – Hite Latvia. The company produces various conveyers. It has purchased the shop with the size…
DetailsAnother deputy chairman has been appointed in AzerGold, the company reported. Khayyam Farzaliyev has been appointed deputy chairman of the AzerGold board, the company said. The management of AzerGold is headed by Zakir Ibrahimov. After Farzaliyev’s appointment, Ibrahimov has two deputies. Earlier, only Ogtay Mammadov was his deputy. AzerGold CJSC started operating in July 2016,…
DetailsIn 2018 Dneprovsky Iron and Steel Combine increased rolled metal output by 81.5% YoY, to 2.41 million tons. According to the company press-service, steel manufacture grew by 77%, to 2.413 million tons, and pig iron – by 85.3%, to 2.461 million tons. In December 2018 DMK produced 204 thousand tons of rolled metal, 221 thousand…
DetailsIn 2018 Azovstal Iron and Steel Works increased rolled metal output by 1.8% YoY, to 3.879 million tons. According to the company statement, its steel manufacture dropped by 4.2%, to 4.082 million tons, while pig iron – by 1.9%, to 3.707 million tons. In December 2018 Azovstal produced 350 thousand tons of rolled metal, 358…
DetailsThe government of Uzbekistan has approved the main parameters of the Uzbekkhimmash investment project feasibility study to modernize its casting manufacture with the construction of a new shop. According to the Cabinet of Ministers, the modernization should be ready by December. The cost of the project is $23.77 million, with investments into new machinery amounting…
DetailsThe department of the State Property Fund of Ukraine in Dniepropetrovsk region has sold the rectification shop of the Dneprovsky By-Product Coke Plant at an electronic auction. The price of the lot was 8.713 million UAH. The agreement with the buyer was concluded on December 26, 2018. The auction was held on November 27, 2018,…
DetailsMagnitogorsk Iron and Steel Works (MMK) has donated around 100 million rubles to support those affected by the collapse of a residential apartment building in Magnitogorsk. The donation was approved by the Chairman of MMK’s Board of Directors, Viktor Rashnikov, and the funds were transferred to the accounts of Magnitorgorsk-based charitable foundation Metallurg. Viktor Rashnikov…
DetailsThe prices of precious metals increased in Azerbaijan on January 4, the Central Bank reported. The price of gold grew by 9.962 manats, to 2,200.2335 manats per ounce on January 4 compared to the price on January 3. The price of silver went up by 0.3749 manats, to 26.8554 manats per ounce. The price of…
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