Ukrainian companies can count on being excluded from the US steel and aluminum sanctions lists. “We believe that we can seriously rely on being excluded from the duties lists. US is rather seriously reviewing our arguments”, deputy minister of economical development and trade, trade representative of Ukraine Natalia Mikolskaya said following the negotiations with US…
DetailsCorum Group will become a heavy engineering arm of the country’s biggest energy group, DTEK Energy. The company will retain its brand and continue operations in Ukraine and internationally. Corum businesses that have joined DTEK Energy will continue to operate on competitive external markets both in Ukraine and abroad. Moreover, Corum will keep its brand…
DetailsIn 2017 Trading House MMK sold 1.2 million tons of metal valued at over 46 billion rubles.
The share of the end customers reached 65%.
TH MMK, an official seller of MMK products, has 30 divisions in Russia and 5 in Kazakhstan.
Its strategic regions are the Urals, Povolzhye and Siberia. (Ukrainian metal)
Elgaugol LLC has put into operation 2 Volvo loaders. The new machines to load coal have the capacity of up to 200 thousand tons per month. The special construction of the ladle with the volume of 12 cubic meters makes it easier to load coal, resulting in the speed up of the operation and the…
DetailsHundreds of Krasniy Octyabr employees stopped working and went on a strike. The reason was the news on the labor condition changes because of the FIFA World Cup. The workers were enraged by the tiny salary they would receive during the forced delay in the company operation. According to FIFA environment demands, since May 25…
DetailsAn employee of a contractor company perished at the Mariupol Ilyich Iron and Steel Works. The accident with the employee of the Azov Bud-Proekt LLC happened on June 8. The welder fell into the skip pit while working at the blast furnace No. 5. The blast furnace shop of Mariupol Ilyich operates 5 furnaces with…
DetailsThis year Zaporizhstal will invest some 34 million UAH in the improvement of the working conditions of its employees. According to the company statement, 19 premises with the combined size of 6 thousand square meters will be repaired. Earlier the company has already assembled crane conditioners in the sheet-rolling shop, cold-rolling shop No. 1 and…
DetailsAltai-Koks will invest some 4 billion rubles in modernization of the coke-oven plant No. 5. “We’re operating on 5 coke-oven plants, and the fifth one will be reconstructed, we’re switching to the ramming technique. It will increase the efficiency of the plant. The project will be carried out in 2 years”, the company CEO Pavel…
DetailsRosterminalugol, operator of Russia’s largest dedicated coal port (run by Port Management Company, PMC LLC) has shipped 10 million tons of export coal year-to-date. According to the stevedoring company, the milestone ton was loaded onto the Panamax ship Robert Oldendorff. This result was achieved on June 8 (in 2017 – on June 12). From the…
DetailsA factory workshop for the production of small gold bars will be opened in Kyrgyzstan, the Chairman of the National Bank Tolkunbek Abdygulov stated at the meeting of the parliamentary committee on budget and fiscal policy. According to him, the bank together with Kyrgyzaltyn is working on the opening of the workshop. “We need it…
DetailsIn May Dneprospetsstal produced 21.8 thousand tons of steel, on the April level. Rolled metal manufacture dropped by 0.5% MoM, to 14.3 thousand tons. The total cost of products manufactured in May reached 863929 thousand UAH, up by 2.8% MoM. In January-May DSS produced 107.4 thousand tons of steel and 71.52 thousand tons of rolled…
DetailsAzovstal Iron and Steel Works, a part of Metinvest, is forced to shut down its converter No. 2 from June 26 for essential repairs. The company has to make this move under pressure form environment activists, who claim the converter is seriously damaging the city of Mariupol air. At present Azovstal converters make 22 steel…
DetailsKopy Goldfields (Sweden) has published an adjusted estimate of the JORC mineral resources of the Krasnoye deposits. The licensed territory in the Irkutsk region contains two sites – Krasniy and Vostochniy. The evaluation was carried out by Micon International Co Limited on the basis of prospecting works in February. The deposit resources have increased by…
DetailsDalnevostochnoye Manufacturing and Geological Enterprise, a part of the state geological holding Rosgeologia, intends to start prospecting for gold at the Koshkinskoye field on the island of Shumshu in the Sakhalin region. The geologists will be prospecting the site with the size of 82 square km for 3 years. The enterprise will start working in…
DetailsIn January-May Bikinskoye coal deposits in Primorye region yielded 2.058 million tons of coal. Two companies are operating at the site – Luchegorsk Coal Pit (LUR) and its contractor Petrotrade-M LLC. Of the total volume LUR provided 1.055 million tons of coal with the target of 1.06 million tons. Petrotrade-M mined 1.003 million tons with…
DetailsIn January-May Ukraine mined 13.896 million tons of coal, down by 12% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 7.5%, to 2.698 million tons, and that of power-generating coal by 13.1%, to 11.198 million tons. In May Ukraine mined 2.66 million tons of coal, down by 2.3%…
DetailsThe prices of main precious metals increased in Azerbaijan on June 11, according to the data published by the Central Bank. The cost of gold increased by 4.165 manats, to 2,208.4275 manats per ounce compared to the price on June 8. The cost of silver increased by 0.322 manats, to 28.7133 manats per ounce. The…
DetailsTMK Chermet has invested over 80 million rubles in the purchase of 16 units of modern machines, including KamAZs with crane manipulators, Volvo artics and a Liebherr loader. The new machines arrived at the scrap-procuring sites of Yekaterinburg, Volgograd, Saratov and Bataysk. They will considerably increase the speed and volumes of delivery, loading and unloading…
DetailsVSMPO-Avisma has received a loan of 100 million rubles to create a site to process bulk titanium rings. 30% of the sum is provided by the Sverdlovsk-based Fund of industry development, and 70% – by the Federal fund. The company has started assembling the technological line. Vertical borers will be assembled to process titanium rings…
DetailsMetalloinvest will build a heat treatment facility for hot-rolled steel at OEMK. The heat treatment facility will have an annual capacity of 70,000 tons of high-quality (Special Bar Quality, SBQ) bars, and will be established within the enterprise’s finishing plant. The facility will add to the existing heat treatment capacities at OEMK’s rolling plant No.…
DetailsAt the Annual General Shareholders’ Meeting (AGM) held on June 8 in Lipetsk, NLMK shareholders voted to confirm Grigory Fedorishin as the Group’s President and Chief Executive Officer; and to elect a new Board of Directors, with a majority of independent directors (five seats out of nine). Nine members of the Board of Directors were…
DetailsThe newly elected Board of Directors of NLMK Group held its first meeting on June 8 following the Annual General Shareholders’ Meeting. Vladimir Lisin was re-elected as Chairman of the Board. The Board of Directors approved a schedule of the Board meetings and formed Board Committees. Independent directors comprise the majority on two of the…
DetailsAt the Annual General Shareholders’ Meeting (AGM) held on June 8 in Lipetsk, NLMK shareholders approved the payment of FY2017 dividends of 14.04 rubles per share (considering the previously paid interim dividends, the amount outstanding to be paid for Q4 2017 is 3.36 rubles per share). Shareholders also approved the payment of dividends for Q1…
DetailsA worker of the mine of Vertex Gold Company was injured, eyewitnesses reported. The 34-year-old worker was hospitalized in serious condition. He’s in intensive care unit. The mine of the gold mining company is located in Chatkal district of Jalal-Abad region. The main activity of Vertex Gold Company is the development and extraction of minerals.…
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