Ukraine: new foundry opens in Melitopol

Despite several years of military activity, the city of Melitopol, situated not far from the war zone, is developing machine-building. Soon the TurboCom group of companies will open a new manufacturing complex EcoPromLit. The company will produce cast iron according to gasifiable pattern molding. With the help of this method some 30% of castings are…

Details

Russia: Rosgeologia starts gold prospecting at new site in Amur region

Far East PGO, a part of Rosgeologia, starts prospecting for gold at the Solovievskaya territory in Amur region.

The prospecting will last for 3 years, from Q2 2018 till Q4 2020.

The total size of the territory is 270 square km. (Ukrainian metal)

Russia: MMK-Metiz masters manufacture of nanostructured rebars

For three years MMK-Metiz together with the Magnitogorsk State Technical University named after Nosov have been creating import-substituting nanostructured rebar ropes. With the help of the Ministry of education and science subsidy the company has developed and implemented a technique to produce rebar ropes with nanostructure. The rope specifications exceed prEN 10138-3.3, as well as…

Details

Russia: Elgaugol output up in Q1 2018

In January-March Elgaugol LLC mined 1.2 million tons of coal, up by 43% YoY. Coal processing increased by 21%, to 585 thousand tons. Sales totaled 962 thousand tons, up by 47%. “This year we had a good manufacturing start. The quarter results became the logical continuation of the successful operation last year”, the company managing…

Details

Russia: RUSAL’s board member Lader resigns on sanctions

Independent non-executive director of aluminum producer RUSAL Philip Lader has quit the board of directors due to the U.S. sanctions against the company, RUSAL said in a statement on the website of the Hong Kong Stock Exchange on April 10.

Earlier another member of the board of directors Ivan Glasenberg resigned. (Prime/Ukrainian metal)