Russian tycoon Mikhail Prokhorov’s Onexim Group is preparing to sell part of a 17.02% stake in aluminum giant UC RUSAL on the market, Bloomberg reported citing sources familiar with the situation. Earlier Bloomberg reported citing sources that RUSAL was considering selling up to 20% of its new shares in London. The company sees good possibilities…Details
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The licenses of two gold mining companies in Kyrgyzstan were suspended, the State Committee of Industry, Energy and Subsoil Use reported. The license of «Aksyaltyn Gold» LLC, which produces placer gold in Chon-Alai district of Osh region, and the license of «Andash Mining Company» LLC, mining gold in Talas region, were suspended. Licenses of other…Details
Mariupol Ilyich Iron and Steel Works decided to decrease output because of the blockade of the railroad to the uncontrolled territories. “The stable transport connection is part and parcel of the functioning of our enterprises. Our raw material stocks are dwindling. We even have to make a decision to decrease output. Without the operation of…Details
Darnitsa Car-repairing Plant, a part of Ukrzaliznytsia, has announced 22 tenders to buy wheels valued at 248.14 million UAH. Interpipe is winning at six of them. Two large orders (127.29 million UAH and 50.92 million UAH) were announced separately with the publication in English. Other 20 orders cover 69.93 million UAH. 5 of them have…Details
Krasnoarmeyskugol has decided to order personal protection units valued at 2.72 million UAH from Donenergoexport LLC. The previous two tenders have been cancelled due to the lack of participants. The enterprise intends to order 2600 breathing masks and 190 thousand filter elements at unknown price. In January mine named after Surgay ordered the same products…Details
Interpipe has supplied 3 thousand railroad wheels to the Saudi Railways Organization. According to the company statement, the total number of the KLW brand wheels to be delivered is 14 thousand units. Interpipe will produce and supply 3 types of wheels for railroad cars and locomotives with 838, 920 and 1046 mm diameter. The company…Details
Metinvest mining and metal company in January paid $2.747 million of interest under the eurobonds due in 2016-2018 being restructured. According to a report on the Irish Stock Exchange, the amount is equal to 30% of accrued and unpaid interest under the notes from and including December 31, 2016 up to but excluding January 31,…Details
Energomashspetsstal will produce a batch of rolls for Evraz-DMZ. The contract for delivery was concluded in January. According to the agreement EMSS will produce 14 working rolls with the total weight of 175.3 tons. The rolls will be used at the rolling mill of Dneprovsky Iron and Steel Works. After mechanical and thermal treatment rolls…Details
In January one of the leading gold-miners of Irkutsk region – Druza – mined 56.3 kg of gold. At present gold is mined only at the Nevskoye deposits. Operation at other deposits will commence in March. In 2017 the company plans to keep the last year levels of output. In 2016 Druza mined 1130 kg…Details
VSMPO-Avisma has put a new homogenizing furnace into operation. This is the fifth machine to be constructed in shop No. 1. The furnace was designed, constructed, assembled and put into operation by the company specialists. The homogenizing or the artificial ageing improves the metal structure. (Ukrainian metal)Details
Ukraine has enough resources to stop using the anthracite coal delivered from Donbass in case the corresponding political decision is taken. “If a political decision is taken and on the governmental level we are told to block and not exchange goods anymore, Ukraine has enough resources to completely stop buying the anthracite coal”, energy and…Details
In 2017 Koks-Mining enterprises intend to increase coal output by 23%, to 2.7 million tons from 2.2 million tons in 2015. According to the company CEO Victor Shevtsov, output could grow even more – to 2.9-3 million tons, as this spring the company plans to greatly increase its mining capacities by putting into operation the…Details
Chelyabinsk Iron and Steel Works, a part of Mechel, has finished the scheduled capital repairs of its quality and stainless steel producing complex. The repairs cost around 20 million rubles. All the three mills of the complex were repaired. The main mill – the continuous cast machine No. 2 – saw the largest volume of…Details