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On February 24, the Poltava Regional Commercial Court opened bankruptcy proceedings against Poltava Mining and Processing Plant. This was announced in a statement by its parent company, Ferrexpo, on the London Stock Exchange. The bankruptcy was initiated by Maxi Capital Group, which won a 4.7-billion UAH judgment against Poltava Mining and Processing Plant in January…
DetailsSpecialists of the metallurgical equipment repair shop of the Kametstal metallurgical plant have developed a technology for overhauling hopper wagons, which is a quarter more profitable than external contracts. The plant’s specialists are mastering new repair technologies that allow them to reduce equipment repair costs. Last year, this strategy brought significant results to Kametstal: employees…
DetailsInterpipe took part in the Police GT-1 project, aimed at assessment of the hydrogeological conditions in Police, Poland, which could become the basis for the construction of a modern heating installation powered by thermal water. The company delivered 13 3/8” casing for the intermediate string in high-yield L80 steel grade for geothermal exploration and appraisal…
DetailsThe Cabinet of Ministers of Kyrgyzstan has imposed a temporary ban on the export of ferrous scrap metal and metal ingots for remelting. The decision was made in accordance with Presidential Decree No. 375 dated November 14, 2022. According to the document, the export of scrap metal and charge ingots is prohibited for a period…
DetailsOne of the key strategic projects being implemented at the Almalyk Mining and Metallurgical Plant is the construction of the Kauldy gold recovery plant. The launch of the plant is intended to ensure more efficient use of the local raw material base and, through a systematic increase in gold production, make a significant contribution to…
DetailsKLW has significant experience supplying wheels for high-speed segment, particularly for metropolitan and passenger cars in the USA, Thailand, Hungary and the Netherlands. In Turkiye, the company delivered 850 mm railway wheels for the HT 65000 passenger trains, which operated at speeds of up to 250 km/h. YHT, a Turkish flagship train service, transports thousands…
DetailsThe Deposit Guarantee Fund has announced a new auction to sell the rights of claim under two Prominvestbank loan agreements concluded in 2011 and 2013, secured by production assets and other collateral and surety related to the mining business of Andrey Brodsky’s Velta Group of Companies. The auction is scheduled for March 2. They will…
DetailsOn February 18, Feruza Khamidova, First Deputy Minister of the Ministry of Mining and Geology of Uzbekistan, together with ministry representatives, held a working meeting with the leadership of international companies Endeavour Mining and In2Metals, including Executive Vice President Sonia Scarcelli and Vice President for Exploration Eduardo Etchart. During the meeting, the guests presented information…
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