Russia: OMZ-Spetsstal appoints new CEO

Mikhail Ispolov has been appointed the CEO of OMZ-Spetsstal, and he would also work as the deputy manufacturing director of OMZ.

Ispolov replaced Serge Yeroshkin, who has been the OMZ-Spetstal CEO since 2012.

The new director will have to increase manufacture efficiency, decrease expenses and improve product quality. (Ukrainian metal)

Ukraine: coke output down in H1 2017

In January-June Ukraine produced 5.037 million tons of bulk coke, down by 22.5% YoY. In particular Avdiivka Coke and Chemical Works decreased output from 1.468 million tons to 1.272 million tons, Alchevsk Coke and Chemical Works – from 900 thousand tons to 125 thousand tons, Makeevkoks – from 503 thousand tons to 127 thousand tons,…

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Russia: RUSAL suggests supporting industrial power consumers

Vladislav Solovyov, CEO of UC RUSAL, has suggested Economic Development Minister Maxim Oreshkin study a support program for large industrial power consumers that will stimulate industrial production and boost the gross domestic product (GDP). According to Solovyov’s calculations, industrial consumers pay for excessive power generation, grid capacities, and many types of cross-subsidization with the payments…

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Ukraine: Ogneupornerud fires CEO

The supervisory board of Ogneupornerud, controlled by the System Capital Management through its daughter company UMG, has fired the company director Evgeny Tsimarman. The decision on resignation was taken on June 26. Tsimarman’s office expired on June 30. The vacant position of the CEO has been taken by the chief engineer of Druzhkovka Mine Group,…

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Kyrgyzstan: government considering possibility of gold mining near Natural Park

Prime Minister Sooronbai Jeenbekov got acquainted with the possibility of developing a gold deposit in the section “Kyldoo” in Toguz-Torou district of Jalal-Abad region near the State Natural Park “Saimaluu-Tash”, the information department of the government reported. According to it, the need for gold mining in the mine arose in connection with the depletion of…

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Russia: Polyus SPO volume at $879 million

The volume of Russian gold producer Polyus’ secondary public offering (SPO) amounted to $879 million taking into account the option of oversubscription or $799 million without this option, the company said in a statement. Polyus said earlier its board of directors set the SPO price at $66.5 per share. Around 9% of the company’s shares…

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Ukraine: Interpipe hit by hacker attack

Interpipe was among the companies, hit by the cyber attack on June 27. According to the company statement, at present the manufacturing and shipping processes operate in normal mode. “Some non-critical IT-services have been damaged, in particular postal client. As of early June 29 some of them have been restored”, the company said. Because of…

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