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On January 16, Corum Group completed the delivery of headgear to ArcelorMittal Temirtau. According to the company statement, the lot comprised 4 units of machinery, with the first produced and delivered in November 2016. Corum Group also supplies electric equipment and cleaning machinery to Kazakhstan. (Ukrainian metal)
DetailsPrivate limited company Metinvest B.V. (the Netherlands) has increased its share in the Mariupol Ilyich Iron and Steel Works from 74.722268% to 99.322555%. According to the group’s statement, its stake of voting shares in Mariupol Ilyich is now 99.619059%. Ilyich-Steel share in Mariupol Ilyich Iron and Steel Works decreased from 24.494605% of ordinary shares and…
DetailsVSMPO-Avisma Corporation has affirmed the investment plan for 2017. According to the general director Mikhail Voyevodin, the total investment funds this year will reach 10 billion rubles. The sheet-rolling complex will have to finish the investment project of plate straightening and annealing machine implementation. The smelting complex and the mechanical treatment shop will also draw…
DetailsPJSC ArcelorMittal Kriviy Rih continues educating children of company’s employees in English and IT-technologies at specialized schools “SmartStart English with ArcelorMittal” and “SmartStart IT with ArcelorMittal”. From January 13 till February 3, PJSC ArcelorMittal Kriviy Rih opens the application submission from company’s employees who want their children to study English or computer sciences. In the…
DetailsAlmalyk Mining and Metallurgical Combine (AMMC) has completed a project worth $75.2 million to expand its main source of raw material – the Kalmakyr copper-porphyry deposit, a representative of the AMMC reported. The project envisaged involving the non-registered (extra-balance) ores of the quarry, making it possible to increase the volume of ore processing by 4…
DetailsSevernoye Olovo, controlled by tycoon Roman Abramovich’s Millhouse, has returned a license for the development of Russia’s largest tin deposit Pyrkakai to the government for it has decided not to develop the deposit. The Pyrkakai deposit, located in the Chukotka Autonomous District, is the fourth largest tin deposit in the world with reserves amounting to…
DetailsThe Federal Antimonopoly Service of the Russian Federation has denied the claim of Seligdar to purchase up to 75.01% of the voting shares in the tin-mining company Rusolovo. Seligdar applied to the service in October 2016, stating that as the result of the deal it would own 100% in Rusolovo. But the FAS declined the…
DetailsThe Cabinet of Ministers of Ukraine has simplified the procedure of scrap export registration and canceled the decree on the registration. This will liberalize foreign trade and eliminate old obstacles. “The decision cancels the red-tape procedure of contract registration, opening the free scrap exports, improving the business climate in Ukraine and decreasing corruption risks”, the…
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