Kazakhstan: metal prices up in May 2018

The prices of enterprises manufacturing industrial products, as well as providing production services, in Kazakhstan increased by 2.6% MoM in May and by 5% compared to December 2017, the Committee on Statistics of the Kazakh National Economy Ministry reported. Since the beginning of the year, producer prices in the manufacturing industry have increased by 3.5%…

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Ukraine: DTEK swallows Corum

One of the largest machine-building holdings of Ukraine – Corum, owned by Rinat Akhmetov, has merged with DTEK Energo. Now it is another energy holding business direction. Last year DTEK announced the purchase of two works – Svet Shakhtera and Corum Druzhkovka Machine-building Works, as well as a small manufacturing site of Mining Machines. All…

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Ukraine: PGOK to see railroad electrified

This year Ukrzaliznytsia intends to finish the electrification of the Potoki – Zolotnishino route, which unites the main railroad with the Poltava Mining and Processing Works. This is expected to improve the efficiency of the company operation. According to Ferrexpo investors and communications director Ingrid MacMahon, the route electrification will decrease the time of products…

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Russia: Rusal to modernize Yaroslavsky GOK

In 2019 Rusal intends to start reconstructing the capacities of the Yaroslavskaya Mining Company LLC (Yaroslavsky Mining and Processing Works), which has been idle since September 2013. Commissioning of the enterprise is scheduled for Q3 2020. “The works used to produce calcium fluoride, which cost $406 per ton, while China and Mongolia sold it much…

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