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Bakytzhan Sagintayev has visited Aktobe Ferroalloy Plant as a part of his working trip. Kazakh Prime Minister took a look at fabrication activity and further plans of the enterprise. He also inspected the operating furnaces of the plant and visited dispatch department. It should be noted that, Aktobe Ferroalloy Plant performs a complete cycle of…
DetailsUzbekistan’s Navoi Mining and Metallurgy Complex JSC started construction of the fifth hydrometallurgical plant at the Auminza-Amantai gold ore deposit. The country’s President Shavkat Mirziyoyev attended the plant’s groundbreaking ceremony on March 28. The new plant, worth $396 million, is expected to annually process five million tons of ore. Navoi Mining and Metallurgy Complex is…
DetailsUkraine’s Energy and Coal Industry Ministry predicts that as of May 1, anthracite coal stocks will be 182,600 tons, down by 63% from March 29 (494,100 tons). According to the document posted on its website, gas coal stocks as of May 1, would total 1.321 million tons, up by 0.2% from March 29 (1.318 million…
DetailsExports of coal from the Arctic terminal Chaika (Dikson) by the Northern Sea Route will make 1 million tons in 2017, Vadim Bugayev, Director General of VostokCoal (VostokUgol Management Company), said. According to him, this volume does not include cargo going back to the Taimyr Peninsula. Key consumers of the anthracite coal from the field…
DetailsOne third of uranium supplied to South Korea is imported from Kazakhstan, according to Ambassador Extraordinary and Plenipotentiary of Kazakhstan to South Korea Dulat Bakishev. “30% of uranium supplied to South Korea is imported from Kazakhstan,” the Ambassador noted. The volume of commodity turnover between Kazakhstan and South Korea in 2016 comprised $676 million ($223…
DetailsIn 2016 Interpipe paid 1.426 billion UAH to the budgets of all levels. According to the company statement, this is 36% more than in 2015 (1.045 billion UAH). In particular, Interpipe paid 768 million UAH to the state budget (53.9% of all payments), 427 million UAH (30%) to the local budgets of Dnipro, Nikopol, Novomoskovsk…
DetailsRussia sees combined investment in development of the Pavlovskoye lead and zinc ore deposit located on the Novaya Zemlya archipelago at 27 billion rubles, the Arkhangelsk region’s governor Igor Orlov said on March 29. “You know that we’ve discovered a new lead and zinc ore deposit on Novaya Zemlya, which is the fourth largest deposit…
DetailsDonetsk business court of appeals has satisfied a counterclaim of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) and ordered the business court of Zaporizhia region to hear the lawsuit of SAPO seeking the termination of the contract between the State Property Fund of Ukraine (SPF) and offshore company Tolexis Trading Limited (Cyprus), a part of Dmytro…
DetailsIn 2016 Zaporozhye vtormet received 3.972 million UAH of losses, up by 28.9% YoY. The current liabilities of the company decreased by 6.9%, to 248.501 million UAH, the company has no fixed liabilities. The total accounts receivable dropped by 6.7%, to 118.081 million UAH. The cost of the assets at the end of last year…
DetailsArcelorMittal Kriviy Rih is preparing for the overhaul of its steelsmelting mill in the open-hearth shop. “At present the open-hearth shop operates only the steelsmelting mill No. 6. The shutting down and putting of the machinery out of operation started in 1993, the open-hearth furnace No. 4 was shut down in 2011. In view of…
DetailsMetalloinvest carries on its investment program of mining transport development of its mining and processing works. According to the company statement, in March Lebedinsky and Mikhailovsky GOKs received 2 new BelAZ trucks with the lifting capacity of 220 and 130 tons, as well as a locomotive with cars. Three more trucks will be supplied in…
DetailsMetinvest and Smart Maritime Group have reached an agreement on organizing a servicing center at the SMG Kherson and Nikolayev shipyards. The new service provided to Metinvest clients will include various treating and processing of plates and sheets. According to the company statement, the possibility to buy rolled metal after primary treatment will allow Ukrainian…
DetailsRussian companies have covered 80% of needs of the local cable market. In 2016 the volume of the market exceeded 266 billion rubles, with 233 billion on account of local companies and the import share on the level of 19.3%. “This is a very good result on the background of the Russian industry. At the…
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