The Metinvest group minimal wage equals to the average salary in Ukraine, Prime Minister Vladimir Groysman said during his visit to the city of Mariupol and Azovstal Iron and Steel Works. The company CEO Enver Tskitishvili noted, that in June the salary across the group increased by 20% on average. (Ukrainian metal)Details
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In May railroad transportation increased by 3.5% YoY, to 106.5 million tons. According to the Russian Railroads, in January-May throughput increased by 3.8% YoY, to 516.9 million tons. Coke transportation in 5 months increased by 1.3%, to 4.7 million tons, ferrous scrap – by 7.4%, to 5.6 million tons. At the same time ferrous metals…Details
Mednogorsk Copper-Sulfur Works railroad crane fleet has increased by one unit. The cost of the new machinery is around 7 million rubles. The lifting capacity of the crane is 25 tons, with the arm length of 15 meters and the lifting height of 14 meters. “This is a long-expected purchase for us. The cranes that…Details
Chelyabinsk Iron and Steel Works beams are used in the manufacture of railroad cars and flat wagons for cold climate. The company has already supplied 900 tons of rolled metal to Roslavl Wagon-Repair Works. The flat wagons will be used to transport timber and bulk cargo. The metal for such wagons has to be able…Details
Kyshtym Electrolitic Copper Plant has prepared a site for the construction of two additional rows of electrolyses bathes (40 bathes in each row). All the unnecessary equipment has been disassembled. The next stage is creation of the foundation. The KMEZ copper electrolyses shop capacity will increase from 120 thousand tons to 140 thousand tons of…Details
The ChTPZ group and Rostselmash have signed a cooperation agreement. The contract is valid till 2019 and makes ChTPZ the main supplier of pipes. The group will supply not less than 90% of pipes for Rostov Press Works, a part of Rostselmash. (Ukrainian metal)Details
Russia’s Aluminum Association and the aerospace branch of aluminum producer RUSAL will jointly promote seats manufactured by Vemina Aviaprestige, the association said in a statement. The companies have asked the Federal Air Transport Agency, Rosaviatsia, to appeal to the European Aviation Safety Agency (EASA) and FAA for certificate approval of the Russian-manufactured seats, which will…Details
In January-April Central Mining and Processing Works produced 674 thousand tons of pellets, down by 19% YoY. According to a company representative, iron ore concentrate output dropped by 11.4%, to 1.536 million tons. In April CGOK produced 67 thousand tons of pellets and 385 thousand tons of concentrate, down from 200 thousand tons of pellets…Details
Belarus is ready to help Sudan and Egypt with extracting gold and other mineral resources, Belarusian Natural Resources and Environmental Protection Minister Andrei Kovkhuto declared. The relevant matters were discussed as a delegation of the Belarusian Natural Resources and Environmental Protection Ministry visited Sudan and Egypt. Among other things the sides discussed the possibility of…Details
A representative of the Swiss company “Argor-Heraeus SA”, one of the biggest refining companies of the world with which “AzerGold” Closed Joint-Stock Company is working, has visited Azerbaijan. The purpose of the visit was to get more acquainted with the Azerbaijani company’s operations. The Argor representative has been to Chovdar Ore Processing Area located in…Details
The Belarusian president Alexander Lukashenko has signed a decree to increase the number of deposits to be given into concession to investors. According to the document, signed on May 30, three more oil deposits have been included in the list. Now the list has 15 objects, including precious metals deposits of Zuberovo in Minsk region.…Details
Metinvest demands the reimbursement of VAT for 2016 for the works, the control over which was lost in mid-March. According to the group statement, the state debt on VAT reimbursement to the companies on the uncontrolled territories of Donbass stands at $35 million. At the same time, Metinvest claims that in 2016 VAT reimbursement to…Details
The development of the Amulsar gold deposits is the largest investment project of Armenia. Total investments in the project will reach some $370 million. 570 builders are involved in the construction work, with 280 being locals. The mine will create 700 jobs. The project started in August 2016, while preliminary work began in 2006. The…Details