As part of the project to implement business process automation at the Magnitogorsk Iron and Steel Works (MMK), MMK-Informservice has entered into a general partnership agreement with UiPath, a world leader in producing software platforms for robotic process automation (RPA). The partnership will improve the efficiency of MMK’s large-scale project to automate business processes by…Details
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Russia’s income from coal exports in January-July grew by 9.2% YoY, to $9.798 billion. In January-July 2018 exports revenue was $8.977 billion. Volume-wise the exports increased by 9.1%, to 118.374 million tons. In 2018 coal export revenue went up by 25.9% YoY, to $17.031 billion. Volume-wise exports grew by 10%, to 199.472 million tons. (Ukrainian…Details
In January-June Armenia exported 16.8 thousand tons of aluminum foil, up by 0.8% YoY, valued at $49.8 million, down by 9.1%. According to the Customs Service, the foil was exported to the US (33.1%), Germany (25.5%), the Netherlands (11.4%), Poland (9.5%), France (7%), Italy (5.8%), Austria (3.4%), Denmark (1.5%), the UK (1.2%), the Czech Republic…Details
The Kumtor deposit still possesses over 104 tons of gold. Since 1997 some 384.3 tons of gold have been extracted at the deposit. “Now the total volume of gold reserves is 104.345 tons”, declared the chairman of the State Committee on Industry, Energy and Subsoil Use Emil Osmonbetov. According to Kyrgyzaltyn chairman Almaz Alimbekov, the…Details
In January-August Amur region extracted 16.36 tons of gold, up by 7.6% YoY. In particular, ore gold accounted for 11.254 tons and alluvial gold – 5.109 tons. Ore gold output grew by 16%. The growth was mostly due to two Petropavlovsk mines – Albyn and Malomyr. The former produced 3.447 tons of gold, up by…Details
In January-August Ukraine mined 20.293 million tons of coal, down by 8% YoY. In particular, extraction of coking coal dropped by 3.2%, to 3.939 million tons, and power-generating coal – by 9.1%, to 16.353 million tons. In August coal output decreased by 17.2%, to 2.422 million tons. Enterprises subordinate to the Ministry of Energy and…Details
In January-August metal prices in Ukraine decreased by 5.4%, including local prices by 4.7% and export prices by 6.1%. According to the State Statistics Service, industrial prices at the same time grew by 7.6%, 9% and 1.5% respectively. Prices in metallic ore mining increased by 17.9%, 7.3% and 28%. This dynamics completely reflects global market…Details
Severstal intends to borrow $800 million by issuing bonds with a maturity of 5 years. The interest rate will be 3.15%. The demand for the bonds with the maturity in September 2024 exceeded $2.2 billion. The company held a road show in London, Frankfurt and New York on September 5-6. Citi, KP Morgan, Societe Generale,…Details
The supervisory board of the public joint stock company ArcelorMittal Kriviy Rih took a decision to hold an extraordinary meeting of its shareholders in Kriviy Rih on October 10. Agenda includes payment of dividends. Shareholders are proposed to spend 10,845 billion UAH for this that is equivalent to 2.81 UAH per ordinary share. If the…Details
The head of the State Service on Geology and Subsoil Oleg Kirilyuk has signed an order to grant Lira Mine Minerals LLC a special license to mine gold in the Kirovograd region. The license grants the company rights to develop the Klintsy deposit (Central and Gubovsky sites) for 15 years. Lira Mine Minerals LLC was…Details
The Guardian reported that a steel company Celsa Manufacturing UK, which has admitted health and safety failures over the deaths of two workers who were killed in an explosion at a plant in Cardiff, could be fined up to GBP 1.5 million. Celsa Manufacturing UK entered the plea on Wednesday, the day their trial was…Details
Magnitogorsk Iron and Steel Works (MMK), as part of its environmental programme, has begun reconstruction of the gas outlet at sinter plant No. 3. This will significantly reduce the plant’s anthropogenic impact on the environment. The project’s investment will amount to RUB 190 million. The reconstruction project will replace the duct which connects the sinter…Details
Domestic stainless steel prices in China narrowed over the past week amid a mixed outlook for demand in the next few weeks. Fastmarkets’ price assessment for stainless steel cold-rolled coil 2mm grade 304 domestic, ex-whs China in the country’s major market of Wuxi was 15,300-15,700 yuan ($2,150-2,206) per tonne including value-added tax for the week…Details