NLMK Group, an international steel company with operations in Russia, the US, and the EU, has topped the “Best Freight Shipper” nomination in the “Russian Railways – 15 Years Together” Award. The Award Ceremony took place in Sochi as part of the “PRO//Motion.1520” International Transport & Logistics Forum that marked the Russian Railways’ 15th anniversary.…
DetailsSIA JM Properties, a subsidiary of AS Jensen Metal Holding, is constructing a metal works on the territory of the industrial park of Karosta in Liepaja. At the first stage the company plans to construct a building with the size of 11 thousand square meters. The construction is scheduled to be completed in May 2019.…
DetailsThe Commercial Court of Donetsk region has determined 4 amicable agreements between the fund Glori represented by the Investment Capital Ukraine LLC and Donetskstal. According to the agreements, Donetskstal has to clear its debts of 2.08 billion UAH to Glori within one month. The debts arose from loans received by the company in 2011-2012. (Ukrainian…
DetailsDTEK Esko has carried out two energy-servicing projects at the Central Mining and Processing Works of Metinvest. According to the company statement, the modernization of 19 pumps will allow the works annually saving some 2.3 million kW-h of electricity valued at over 4 million UAH. This is provided for by 10 frequency converters and 7…
DetailsChelyabinsk Zinc Works has started constructing an oxygen plant with the capacity of 10 thousand cubic meters per hour. The need to construct the plant originated from 1995, but only after the works entered the Ural Mining and Metallurgical Company could it implement the project. The plant is expected to be commissioned in late 2019.…
DetailsAccording to the forecast of the Ministry of economic development, in 2018 Russia will produce 61.5 million tons of rolled metal, up by 0.9% YoY. Exports are expected at the level of 28 million tons, up by 0.3%. Imports will grow by 1.4%, to 5.5 million tons, and local consumption – also by 1.4%, to…
DetailsEvraz Kachkanarsky Mining and Processing Works has celebrated its 55 anniversary. The company has created a museum on the site where the first mining control room and the first observation desk had been. In 1966 the KGOK started producing sinter, and from 1970 – pellets. In 2015 Evraz KGOK was the first Russian GOK to…
DetailsEuropean Commission has prolonged the antidumping duties on the import of seamless pipes from Ukraine.
The duty for Dnepropetrovsk Pipe Works is 12.5%, while for Interpipe – 13.8%.
At the same time the Russian pipe manufacturers have been more severely hit.
The duty for them is 24.1% for ChTPZ and 28.7% for TMK. (Ukrainian metal)
On September 10-21 the Ural-region department of Rostechnadzor carried out a scheduled inspection of Karabashmed.
As a result 58 violations of legislation on industrial safety have been found.
The company has been given time to remove the violations. (Ukrainian metal)
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…
DetailsPrices 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…
DetailsA 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…
DetailsMariupol 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…
DetailsArcelorMittal 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…
DetailsThe 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…
DetailsUGMK-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…
DetailsRussia’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…
DetailsMagnitogorsk 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…
DetailsPJSC 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…
DetailsPrices 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…
DetailsPermanent 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…
DetailsPJSC 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…
DetailsIn 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…
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