The Federal Antimonopoly Service has allowed Kupol Ventures Limited to buy the Third Mining and Geological Company. Via the former Kinross Gold owns the Kupol deposit in Chukotka and via the latter N-Mining Ltd is developing the Chulbatkan gold deposit in Khabarovsk region. Kupol was allowed purchasing 100% of the mining company shares. Kinross bought…
DetailsIn July-September Amursk Hydrometallurgical Plant processed 15 thousand tons of concentrate from the Kazakh deposit of Bakyrchik. In 9 months 35 thousand tons were processed. Raw materials are transported via railroad in 20-30 days. The distance is 5576 km. The first cargo trains from Kazakhstan arrived last year. The processing started after the third stage…
DetailsChTPZ group has supplied products to the Titan Group of Companies, a Russian manufacturer and seller of oil and chemical wares. The ChTPZ warehouse has shipped 170 tons of seamless hot-deformed pipes with the diameter of 57 to 325 mm and the wall thickness of 4 to 8 mm to the customer. The pipes will…
DetailsEvraz ZSMK and Paul Wurth have successfully finalized the first phase of a stepwise technical upgrade of the hot blast stoves plant at ZSMK Works’ No. 2 blast furnace in Novokuznetsk, West Siberia. Back in 2014 Paul Wurth won a tender for engineering a complete new hot blast generation plant in preparation of the project.…
DetailsNLMK Group has appointed Dmitry Sotnikov as NLMK Group Vice President for Investment Projects. Konstantin Lagutin, NLMK Group’s previous VP for Investment Projects, has made the decision to step down from the position. He will stay on with the company until the end of the year as Advisor to NLMK Group President and CEO. Grigory…
DetailsIn November Belarus Iron and Steel Works intends to sell its first metal batch via the Belarus Universal Commodity Exchange. The volume of the batch will be 1 thousand tons. The company plans selling B500SP and B550B rebars with the diameter of 10-32 mm. Poland is the priority sales market. In January-September BMZ manufactured 2…
DetailsTalco has decreased the output growth forecast this year from 20% to 5% because of problems with raw materials supplies and the drop in prices. Last year the company produced 95.8 thousand tons of aluminum. China Machinery Engineering Corp. intends to finance the modernization of the works valued at $545 million. The project presupposes the…
DetailsAzarga Metals Corporation has paid its half-year loan debt to Baker Steel Resources Trust (BRST) in 1,470,443 ordinary shares. The nominal cost of each share is C$0.06. Thus, Azarga has already paid some C$88.27 thousand ($66.849 thousand) to BRST. The corresponding agreement was concluded in February. The loan amounts to $3.5 million with the interest…
DetailsElectrocable Colchugino Works has modernized a site to test communication wire and control cables. Investments in the project totaled 7 million rubles. During the station reconstruction on the area of 168 square meters two separate zones have been organized. One houses the existing machinery, while the other – a new machine to test cables with…
DetailsRaspadskaya Coal Company has published preliminary results for Q3 and January-September. Coal output in July-September decreased by 8% QoQ, to 3 million tons. Output at the Raspadsky pit decreased by 30%, but at the Raspadskaya-Koksovaya mine grew by 6%. Raspadskaya mine increased output by 1%. Coal concentrate sales went up by 2%, including a growth…
DetailsFerrexpo Plc. CEO Konstantin Zhevago has temporarily distanced himself from the office. According to the group, Zhevago will focus on settling some matters in Ukraine related to a company he owned until 2015. The board of directors has appointed Chris Mawe, CFO, the acting CEO. Zhevago, being a majority shareholder, will keep his position in…
DetailsThe Antimonopoly Committee of Ukraine has allowed the citizen of Cyprus Vadim Yermolayev to gain control over Dnepropress Steel LLC. The businessman from the city of Dnipro has for the past several years been the investor of the company. He is also the founder of the Alef Corporation, which unites various businesses. Dnepropress Steel makes…
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