Kyrgyzstan: salary at Kumtor up

Kumtor company increased salaries of its workers by 10% from January 1, and it will be increased by another 5% from January 1, 2018, the chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported. According to him, the company’s management and personnel signed a collective agreement for the next two years during…

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Ukraine: Metinvest posts 2.6% rise in revenues in November 2016

The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…

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Russia: NLMK decreases dust emissions

The Novolipetsk Iron and Steel Works has completed the reconstruction project of the dust-suppressing system in the open warehouse in the refractory shop. This allowed decreasing dust emissions when unloading at the warehouse by 50%, and in the refractory manufacture by 5% on the whole. Investments into the project totaled 61 million rubles. (Ukrainian metal)

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Kazakhstan: AMT sees management rotation

The ArcelorMittal CIS CEO Paramjit Kahlon has presented new top-managers of ArcelorMittal Temirtau. In particular the team was joined by Ashok Sontalia, the financial director, Vadim Basin, the repairs director, Andrei Berg, the steel department director, Yevgeny Romashin, the coal department director, Maurilio Botelo, Orken LLC director, Anna Adom, HR director, Serik Bekembayev, legal director,…

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