Russia: MMK funds arrive in accounts of victims affected by building housing collapse in Magnitogorsk

On January 4-11, nearly 65 million rubles of MMK funds were transferred to the personal bank accounts of victims and relatives of those victims affected by the residential building collapse in Magnitogorsk. The charity fund Metallurg, which distributes MMK’s targeted assistance funds, reported that as of January 11, 162 people who had been affected in…

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Russia: NLMK appoints VIZ-Stal CEO

NLMK reports the appointment of Stanislav Olkov the CEO of VIZ-Stal. He has replaced Valeriy Shevelev in this office. Shevelev will focus on a new strategy stage of NLMK Group. The goal of Olkov is to improve product quality and business process efficiency. Stanislav Olkov has been working with VIZ-Stal since 2007. Since 2013 he…

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Russia: EZOTsM to cooperate with Algeria

Yekaterinburg Non-Ferrous Metals Processing Works is actively studying the African market in order to develop cooperation with local mining and processing companies. In December 2018, a company delegation visited Algeria. During the visit the company delegation met representatives of a refining plant, a mining company, National geological survey bureau, and mineral fertilizers manufacturer. “African countries…

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Russia: Nizhnekamsk advanced development territory to produce painted rolled metal

The first resident of the Nizhnekamsk advanced development territory – Kamastal – has started operating. “On December 31, 2018 Kamastal produced its first painted sheet of coil steel”, the local authorities reported. The company became the resident in May last year. Investments in the project are estimated at 428 million rubles. And the capacity is…

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Ukraine: UMCC to order half a billion UAH worth of transport services

The subsidiaries of the United Mining and Chemical Company have announced their intention to conclude 8 agreements with United Global Logistic LLC for the transportation services valued at 483.84 million UAH. This year Irshansk Mining and Processing Works is ordering railroad transportation and processing of cargo at 283.02 million UAH, and Volnogorsk Mining and Processing…

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