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As of late November 2017, the coal increased in price by 27.6% (or by 2.6 thousand tenge), to 12 thousand tenge per ton, following the drop of 0.5% (52 tenge) in 2016, to 9.5 thousand tenge. In January-November 2017 coal mining reached 95.9 million tons, up by 5.2% YoY (or by 4.8 million tons). The…
DetailsIn 2017 Kazakhmys Group of Companies fulfilled its manufacturing plan in advance. In particular the group produced and sold 232943 tons of cathode copper. Copper concentrate output totaled 238.300 tons. The average copper contents in the ore were 0.93%. Despite the shortage of the rolling stock Kazakhstan railroads transported 12 million tons of cargo, including…
DetailsChepets Mechanical Works has for the first time in Russia started manufacturing hafnium oxide. The company own hydrometallurgical wastes of zirconium manufacture are used as raw materials. “For the first time we have obtained the refined hafnium oxide with 99% purity from our own raw materials. The technology has been developed by the specialists of…
DetailsZaporozhye Iron Ore Combine shareholders intend to discuss the paying of dividends for 2014. The extraordinary meeting of shareholders is scheduled for January 30, according to Minerfin, a.s., owning 51.1697% of the company shares. Out of the 1.129 billion UAH of net profit for 2014, the company will spend 850 million UAH to pay dividends,…
DetailsBecause of the limitations on its traditional sales markets ArcelorMittal Kriviy Rih has suffered losses and is forced to reorient to other markets. “All in all our losses on traditional sales markets amount to 1.5 million tons of rolled metal. We had to reorient to other directions. And that was not easy because of the…
DetailsAround 85% of Mechel creditors on the syndicate loan of $1 billion support the restructure conditions. In November 2017 Mechel reported that over half of the creditors supported them. The company continued negotiating. For the deal to be successful the company needed the approval of at least 75% of creditors. At present some 78% of…
DetailsThe Antimonopoly Committee of Ukraine has started reviewing the case on the metal wares market concentration. “In December 2017 the committee began studying the case of Devisal Limited (Cyprus) acquisition of Dneprometiz shares. The ultimate beneficiary of Devisal Limited is the Ukrainian businessman Sergey Tigipko. In October 2017, 100% of Dealzone Holding Ltd, owning 98.6%…
DetailsUkrgazvydobuvannya has ordered Interpipe Ukraine LLC the delivery of pipes valued at 905.99 million UAH. Within three months the company will have supplied 18710 tons of casing pipes produced by Interpipe NTZ in 2017-2018. The price is 2% below the expected cost of the purchase (921.72 million UAH). (Ukrainian metal)
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