The State Committee for Energy, Industry and Subsoil Use changes the conditions for issue of licenses for the use of subsoil. From now on, the state will definitely participate in the projects. On October 3 the prime minister held a meeting on subsoil use and instructed within a week to develop new mechanisms for managing…Details
Prices of gold, silver and platinum increased, while the palladium price decreased in Azerbaijan on October 3, according to the data published by the Central Bank. The price of gold grew by 22.3465 manats, to 2,049.945 manats per ounce on October 3 compared to the price on October 2. The price of silver went up…Details
A new mining and processing works will be constructed in Kyzylorda region. The corresponding documents have been signed during the investment forum in London. The guarantee agreement was signed by Samruk Kazyna fund chairman Akhmetzhan Yesimov and sir Suma Chakrabarti of EBRD, while the construction agreement – by Tau-Ken Samruk national company chairman Kanat Kudaibergen…Details
Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…Details
ArcelorMittal Temirtau has completed a project to implement a high-tech system of rolling stock axles counting provided by Frauscher at the Uglerodnaya station. Investments in the project totaled 320 million tenges. The system will make the rolling stock movement safer and decrease maintenance expenses. In 2019 this system will be implemented at other railroad stations…Details
The state corporation Vnesheconombank has left the shareholders of the gold-extracting company Pavlik, which develops the deposits of the same name in Magadan region. The share of the bank in the company dropped from 9.9% to 0%. According to the bank the move was planned. VEB left Pavlik when it reached the design capacity of…Details
UGMK-OTsM has opened a new regional warehouse in the town of Pokrov in the Vladimir region. The company takes into account the needs of its clients and constantly develops to organize a mutually beneficial operation. The opening of a new warehouse will let traders optimize delivery terms and expenses. The cargo can be stored free-of-charge…Details
Russia’s Industry and Trade Ministry is ready to discuss preferences for the sales of beer in aluminum cans to support deep aluminum recycling, Minister Denis Manturov said. On October 1 Kommersant business daily reported that the Industry and Trade Ministry had prepared a bill to lift a 2013 ban on the sales of beer and…Details
Magnitogorsk metal ware and calibration plant MMK-Metiz (a part of the ММК Group) is implementing a large-scale investment program to develop new types of metal products and modernize existing facilities. The estimated CAPEX exceeds 2.5 billion rubles. The modernization is planned for 2017-2019 and is aimed at strengthening the company’s position as a leading supplier…Details
PJSC Magnitogorsk Iron and Steel Works announced that an Extraordinary General Meeting of shareholders was held on September 28 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 1.589 rubles (including tax) per share for the second quarter of 2018. The dividend will be paid in cash…Details
Prices of gold and platinum increased, while the silver and palladium prices decreased in Azerbaijan on October 2, according to the data published by the Central Bank. The price of gold grew by 7.5055 manats, to 2,027.5985 manats per ounce on October 2 compared to the price on October 1. The price of silver dropped…Details
Permanent Representative of Tajikistan to the United Nations Makhmadamin Makhmadaminov spoke about the risks of uranium waste and called for assistance in the reclamation of uranium waste, according to the information department of the Ministry of Foreign Affairs of the Republic of Tajikistan. Makhmadamin Makhmadaminov spoke at the event “People and the Planet: Central Asia…Details
PJSC ArcelorMittal Kriviy Rih has purchased a new bus ZAZ А07А12 for the city that is already on route No. 244. It shuttles the residents of suburban villages (Rakhmanovka, Stepnoe, Rudnichnyi) to the highway and back. These villages are situated about 23 kilometers off the highway. The new bus will make the passengers commuting more…Details
In September Energomashspetsstal shipped 170 tons of roll products to Ukrainian companies.
According to the company statement, in particular, it produced supporting and working rolls for hot- and cold-rolling mills.
The rolls were shipped to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Evraz DMZ. (Ukrainian metal)
The meeting of the Polyus shareholders has determined the payment of dividends for the first half of 2018 in the amount of 131.11 rubles per ordinary share. According to the company statement, the total amount is 17.35 billion rubles, or $235.2 million. This corresponds to 30% of EBITDA in H1. The date upon which the…Details
Light-alloy drilling pipes, manufactured by Arkonik Russia, have confirmed the correspondence of their characteristics to the standards. The testing has been done in the shafts of the Tagrinskoye deposits in Western Siberia. “For half a century the reliability of our aluminum pipes has been providing for the qualitative drilling in extreme conditions. We are proud…Details
Uralskaya Kuznitsa has successfully passed the audit of its products. As the result of the inspection the specialists of the Ufa Motor-Building Manufacturing Enterprise checked the quality management system for the production and delivery of goods for the aviation industry. The company purchases forgings of heat-resistant alloys for gas-turbine engines. Thanks to the special characteristics…Details
In January-August Ukrainian companies increased rolled metal consumption by 4.64% YoY, to 3.137 million UAH.
According to statistics, 948.5 thousand tons were imported.
Imports increased by 14.62%. (Ukrainian metal)
IFG Metals & Mining and the State Committee on Geology and Mineral Resources have signed an exclusive agreement on the prospecting and development of 7 tungsten deposits. Under the agreement a tungsten cluster will be created in Uzbekistan. Investments in 25-30 years will reach $300 million, and some 1500 jobs will be created. IFG will…Details
In September Ukraine produced almost 2.8 million tons of coal, down by 1.5% from the plan, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In September coal mining enterprises of Ukraine of all forms of ownership produced 2,781,626 tons of coal. The…Details
Russian Prime Minister Dmitry Medvedev has signed a ruling to hold a 413.07-million ruble auction.
The right to develop the Zapadny Kara-Kulsky bismuthiferous copper and cobalt ore site in the Altai region will be sold, according to the ruling published on the government’s website on October 2. (Prime/Ukrainian metal)
The founder and co-owner of USM Holdings, a well-known Russian businessman of Uzbek origin Alisher Usmanov talked about his plans to invest in projects in Uzbekistan. Speaking about business projects in Uzbekistan, Usmanov, first of all, noted the Uzbek metallurgical complex. “I will help only in business. The companies I own, where I am a…Details
The pipe arc welding shop No. 3 of the Vyksa Iron and Steel Works will have a site to apply inner coating to pipes. The commission of the site is scheduled for late 2018. According to the company statement, the new site will have a Selmers line. The assembly has already been completed. In October…Details
On September 27 the state enterprise Lvivugol hosted a meeting of the board of directors chaired by the acting CEO Alexander Safonov. The meeting discussed rock and coal mining in September and the goals for October, delivery of explosives, as well as sales of coal. The payment of salary for August is still the priority…Details
Petropavlovsk Plc, extracting gold in Amur region, has published its financial results for January-June. According to the company report, in H1 it received $24.8 million of net losses against $24.5 million of net profit last year. Revenue dropped by 11.2%, to $270 million because of the decrease in gold sales – 201.4 thousand ounces against…Details
The board of directors of Susuman Mining and Processing Works “Susumanzoloto” has decided to take a loan of 3.5 billion rubles from Sberbank. The funds will be spent to finance gold mining in 2019. Since 2017 the company has been constructing a mining and processing works at the Shrumovskoye deposits in Magadan region. The commissioning…Details