In 2016 Central Asia Metals produced 14.02 thousand tons of copper, up by 16.1% YoY. According to the company statement, in Q4 copper output dropped by 17.8% YoY, to 3.01 thousand tons. Copper sales in 2016 increased by 15.8% YoY, to 13.938 thousand tons. (Ukrainian metal)Details
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The Zabaikalsky Krai governor Natalia Zhdanova has met the aide to the Norilsk Nickel vice-president Sergei Samoilov and the director of the tax department Andrei Kizimov. The parties discussed cooperation between the authorities of the Krai and the Bystrinsky Mining and Processing Works to be put into operation in Q4. “We are absolutely sure that…Details
On January 16, Corum Group completed the delivery of headgear to ArcelorMittal Temirtau. According to the company statement, the lot comprised 4 units of machinery, with the first produced and delivered in November 2016. Corum Group also supplies electric equipment and cleaning machinery to Kazakhstan. (Ukrainian metal)Details
Private limited company Metinvest B.V. (the Netherlands) has increased its share in the Mariupol Ilyich Iron and Steel Works from 74.722268% to 99.322555%. According to the group’s statement, its stake of voting shares in Mariupol Ilyich is now 99.619059%. Ilyich-Steel share in Mariupol Ilyich Iron and Steel Works decreased from 24.494605% of ordinary shares and…Details
VSMPO-Avisma Corporation has affirmed the investment plan for 2017. According to the general director Mikhail Voyevodin, the total investment funds this year will reach 10 billion rubles. The sheet-rolling complex will have to finish the investment project of plate straightening and annealing machine implementation. The smelting complex and the mechanical treatment shop will also draw…Details
PJSC ArcelorMittal Kriviy Rih continues educating children of company’s employees in English and IT-technologies at specialized schools “SmartStart English with ArcelorMittal” and “SmartStart IT with ArcelorMittal”. From January 13 till February 3, PJSC ArcelorMittal Kriviy Rih opens the application submission from company’s employees who want their children to study English or computer sciences. In the…Details
Almalyk Mining and Metallurgical Combine (AMMC) has completed a project worth $75.2 million to expand its main source of raw material – the Kalmakyr copper-porphyry deposit, a representative of the AMMC reported. The project envisaged involving the non-registered (extra-balance) ores of the quarry, making it possible to increase the volume of ore processing by 4…Details
Severnoye Olovo, controlled by tycoon Roman Abramovich’s Millhouse, has returned a license for the development of Russia’s largest tin deposit Pyrkakai to the government for it has decided not to develop the deposit. The Pyrkakai deposit, located in the Chukotka Autonomous District, is the fourth largest tin deposit in the world with reserves amounting to…Details
The Federal Antimonopoly Service of the Russian Federation has denied the claim of Seligdar to purchase up to 75.01% of the voting shares in the tin-mining company Rusolovo. Seligdar applied to the service in October 2016, stating that as the result of the deal it would own 100% in Rusolovo. But the FAS declined the…Details
The Cabinet of Ministers of Ukraine has simplified the procedure of scrap export registration and canceled the decree on the registration. This will liberalize foreign trade and eliminate old obstacles. “The decision cancels the red-tape procedure of contract registration, opening the free scrap exports, improving the business climate in Ukraine and decreasing corruption risks”, the…Details
The Pipe Metal Company, one of the world’s largest pipe producers, has sold TMK-Chermet for 6.2 billion rubles. “This sale has decreased our net debt”, the company said in a statement. The deal will not result in the change of the supply system. “TMK will still receive scrap under competitive market conditions”, the statement reads.…Details
Board of directors of Shubarcol komir appointed Kemal Usmanov the president of the company. Since 2003 Usmanov has been the deputy director of Kazmarganets Ore Group, and then till 2012 its director. From 2012 till January 2013 he has served as the director of the Don Mining and Processing Works. In October 2016 he has…Details
In 2016 Ukrainian metal companies increased electricity consumption by 0.02% YoY, to 28.76 billion kW-h. According to the Ministry of energy and coal industry, machine-building companies increased electricity consumption by 0.2%, to 3.676 billion kW-h, while chemical companies consumed 2.968 billion kW-h of electricity, down by 3.8%. (Ukrainian metal)Details