In 2017 Norilsk Nickel intends to buy as much palladium to its special fund as last year. According to the financial director Sergey Malyshev, the prices are not “in the best shape” now. There would be no increase in the number of investors. In 2016 Nornickel bought 5 tons of palladium. (Ukrainian metal)Details
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In January-May the volume of industrial output totaled 84.7 billion soms, up by 34.7% YoY, but down by 24.2% from 2015. The increase this year was the result of metal output (1.5-fold) and metallic ore mining (3.9-fold) growth. The National Statistics Committee also notes that the country exported 1.5-fold more gold and 1.6-fold more precious…Details
Interpipe has appointed Igor Basay the new HR director. Basay has previously held the same office in PepsiCo Russia, and also worked at British American Tobacco, Kellogg’s as well as in the energy sphere. “Mr. Basay has the experience of managing personnel in major foreign holdings. I am sure his experience will strengthen our team”,…Details
The EBRD is arranging a $350 million syndicated loan to JSC ShalkiyaZinc Ltd, a Kazakh mining company, for the expansion of the Shalkiya zinc and lead mine in the Kyzylorda region as well as the construction of a new processing plant at the site. The loan is in line with the bank’s strategy of supporting…Details
The Almalyk Iron and Steel Works in Tashkent region started the construction of a lead plant with a capacity of about 30,000 tons per year, reads a message posted on the website of the Almalyk Complex. The plant is expected to be built in 2017-2019, according to the message. The cost of the lead plant…Details
The advisor to the minister of energy and coal industry Maxim Bilyavsky reported that the purchase of pipes for the construction of interconnector would start in autumn. Ukrtransgaz and Gaz-System (Poland) have signed an agreement to construct a gas pipeline between the countries. The length of the pipeline will be 99.3 km, and the project…Details
The Novovolynskaya No. 9 mine first shift miners refused to get into the shaft because of the non-payment of salary, but after negotiations with the management, went underground. “The reason of the protest is the non-payment of salary. They have been paid 54% of April salary, and have seen no money since then. While the…Details
This year Olkon will get a new crushing complex. A site is being prepared for it at the entrance to Olenegorsk quarry. “The 130-million project will help Olkon produce the high quality breakstone for its own use and to sell”, Olkon executive director Alexei Borisov said. The capacity of the crushing machine is 60 thousand…Details
The coal terminal of the Eastern mining company is increasing coal throughput. In early June the coal seaport of Shakhtersk exported 1-millionth ton of coal. Last year such a volume was reached on June 23, thus the port improved its indexes by 3 weeks. In late May the port also set a daily record of…Details
RZhD Logistika will provide services on logistics consulting to Norilsk Nickel. The corresponding agreement has been signed within the XII international railroad business forum “Strategic Partnership 1520”. RZhD Logistika will analyze the Nornickel transport schemes and its overhaul plans, creating the consulting report on the transport model. “Logistic consulting for such a major company as…Details
During the Metal Structures 2017 exhibition the application of used pipes in construction has been discussed. “Steel pipes are used more and more often in various metal structures, and it is important to pay attention to the quality of the material, as it affects the quality of the structures and buildings as well as the…Details
In January-March DTEK mined 8.36 million tons of coal, up by 15.7% YoY. Coal concentrate output in Q1 increased by 29.2% YoY, to 4.27 million tons. It should be noted that DTEK started buying coal for its thermal power plants in South African Republic and Poland to cover the shortages of coal deliveries from the…Details