Rusal is negotiating attraction of $700-800 with Russian state banks for the construction of the Tayshet Aluminum Works and intends to sign agreement this year. “We have offers from banks on TAZ project financing. We’re negotiating terms. We will need some $700-800 million, depending on the exchange rate, to put the first stage with capacity…
DetailsWithin the framework of the St Petersburg International Economic Forum (SPIEF 2017), Natalya Zhdanova, the governor of the Trans-Baikal territory, and Elena Bezdenezhnykh, Vice-President, State Secretary, Head of GR of Nornickel, signed a social and economic cooperation agreement. Under the agreement, the government of the region will support Nornickel’s investment projects, particularly the company’s key…
DetailsThe newly elected Board of Directors of NLMK Group held its first meeting following the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors approved a schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the Board Committees. Strategic…
DetailsPrime Minister of Ukraine Volodymyr Groisman visited Azovstal Iron and Steel Works on June 1. During his visit, the head of the government had a look at blast furnace No. 4, the most innovative and environmentally friendly smelting facility in Ukraine. Enver Tskitishvili, Azovstal CEO, and Yuri Zinchenko, Mariupol Ilyich Iron and Steel Works CEO,…
DetailsThe department of the State Architecture-Construction Inspection in Donetsk region has checked the object of the fifth difficulty category: “The construction of the first stage of the pulverized coal fuel preparation and injection complex for Azovstal blast furnaces”. The inspectors have checked the finished construction of the object on 1 Leporsky Street in Mariupol, as…
DetailsThe 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)
DetailsIn 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…
DetailsMednogorsk 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…
DetailsChelyabinsk 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…
DetailsKyshtym 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…
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