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Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…
DetailsAs a result of a cave-in at the Gaysky GOK mine two miners were damaged. This is the third accident at the enterprise in a month. The employees are in the emergency clinic. The regional union promised to help. (Ukrainian metal)
DetailsThe Siberian Mining and Metallurgical Alliance has decided to postpone the commissioning of the first stage of Ozernovsky Iron and Steel Works in Kamchatka for a month. Now the line with the capacity of 100 thousand tons of ore per year (2 tons of gold) will be put into operation in late April. “It is…
DetailsWithin the program of the company development till 2020, Uralsibmet (Irkutsk) has opened a new metal base in the city of Krasnoyarsk. The product range includes rebars, beams, hot- and cold-rolled sheet, channel, angles, pipes, etc. Thus the company is implementing its plan to expand the regions of its presence. Now the company is present…
DetailsThe capacities to produce galvanized and coated metal in Russia continue increasing. Soon such a line with a capacity of 400 thousand tons per year will be commissioned at Severstal. The Leningrad and Orel regions now posses polymer-coating lines with the capacity of 40 thousand tons per year. According to a survey, some 34% of…
DetailsFrom March 1 Severstal has started selling locked-coil ropes in metal drums only. The drum is included in the price, but could be bought out by the company. “The main goal of the innovation is to keep the rope safe while loading, transporting and unloading. The wooden drum could break, which could damage the rope.…
DetailsIn 2017 Zaporozhye Ferro Alloys Plant increased net profit 9.4-fold, to 1.648 billion UAH. According to the company statement, its assets grew by 45%, to 3.5 billion UAH, while the total accounts receivable – 2.2-fold, to 2 billion UAH. Fixed liabilities totaled 192.34 million UAH at the end of 2017 as opposed to 203.2 million…
DetailsThe state enterprise Yuzhnodonbasskoye No. 1 Mine Group has concluded an agreement with Dneproprommash LLC on the capital repair of hydraulic struts valued at 3.79 million UAH. In particular the company has ordered the repair of 96 struts DM14.01.000. The cost of the repair of one strut is 39461 UAH with VAT. The contractor provides…
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