Rusal acquires a share of the foundry and mechanical production facility Skad, producer of aluminum alloy car wheels, located in Krasnoyarsk region. Under the terms of the transaction, Rusal will own a stake in the authorized capital of Skad, while its founder Idris Zakriev will remain the Chief Executive Officer of the production facility. Skad…Details
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Mednogorsky Copper Sulfate Plant (MCSP, enterprise of UMMC’s metallurgical division) purchased a new front-end loader for about 6 million rubles. The loader will be used at the area of briquetting and feed preparation for copper smelter to supplement a similar loader, which is said to have been efficiently used. “Our plant equipment includes many items,…Details
Dneprovsky Iron and Steel Works intends to launch production by the end of the month. “The IUD corporation is negotiating delivery of raw materials to the works, which will enable us to get back to work. After the negotiations, in two days the matter with resuming operation at DMK will be settled”, the company said…Details
Gold output on the Urup Island of Russia’s Kuril Islands fell by 9.1% YoY, to 1,530 tons in 2016 because of difficult logistics and operations on the uninhabited island, local precious metals producer Kurilgeo said in a statement on April 14. Revenue from the sales of gold rose by 6% YoY, to 4.07 billion rubles…Details
DTEK energy holding buys 600,000 tons of coal in South Africa, the company’s press service has reported. “DTEK confirms the purchase of 600,000 tons of coal from South Africa with the option to increase to 1 million tons. The arrival of the first vessel with 75,000 tons of anthracite to Ukraine is expected in June.…Details
China Nonferrous Gold Limited, the mineral exploration and mining company currently mining the Pakrut Gold Project in Tajikistan, intends to invest additional $70 million in the development of the deposit. According to the State Committee on Investment and State-owned Property Management of Tajikistan (GosKomInvest), an agreement on development of the Pakrut Gold Project in the…Details
Kramatorsk Ferroalloys Works had to stop manufacturing process because of the ban to transport cargo through the demarcation zone. The company had to take measures to decrease expenses during the time of idleness. “The prospects of development and modernization of the company under such conditions do not look good”, KFZ director Maxim Riss said. (Ukrainian…Details
The representatives of the so-called Donetsk People’s Republic, a terrorist organization supported by the Kremlin, demand access of their inspectors to Avdiivka Coke and Chemical Works on Ukraine-controlled territory because of the “ecological danger”. According to Denis Pushilin press-secretary Victoria Talakina, this was voiced during the Minsk meeting. She said, that during the military conflict…Details
Metinvest notes the importance of Dneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass, resuming operation, as it is the key consumer of raw materials on the Ukraine-controlled territory. “The company is very important for us. But I believe it is also important as an asset for its owners. That’s probably…Details
In January-March Severstal produced 2.86 million tons of steel, down by 2% YoY. According to the company statement, the decrease was due to the planned repairs of converters No. 2 and 3 at CherMK. Pig iron output decreased by 1% YoY, to 2.34 million tons. Severstal sales in Q1 dropped by 9% YoY, to 2.53…Details
Mariupol Ilyich Iron and Steel Works has produced a pilot batch of shaped pipes for a customer from USA. The pipes were produces from B-grade steel according to ASTM A500/A500M standard. “The peculiarity of the order was that the size was stated in inches, which was new to us: 2×2 inches, or 50.8×50.8 mm”, the…Details
Russian gold refining companies want value-added tax (VAT) on metal processing abolished and the deadline for abolishing a zero import duty on raw materials that contain precious metals extended to make their operation profitable. Sergei Belov, a deputy CEO for gold refining at Krastsvetmet, said that gold refining plants had import duties on raw materials…Details
Chinese investment company Fosun intends to acquire 20-25% in Russian gold producer Polyus for $2 billion, according to the materials of the Russian-Chinese investment commission. Fosun will represent a consortium of Chinese companies in a deal with Polyus’s parent company Polyus Gold. “The parties have come to an agreement on the main transaction terms, they…Details