Russia: CherMK starts producing galvanized plates of high-strength steel

Cherepovets Iron and Steel Works is mastering the manufacture of galvanized plates of high-strength steel grades. This product is in demand from European and domestic manufacturers of metal structures. Since April 2019, CherMK has been operating a continuous hot-dip galvanizing machine No. 4, which produces cold-rolled galvanized sheet, as well as hot-rolled etched galvanized sheet…

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UK: MCI expands metals, minerals and mining sector consulting capabilities through merger with Saint Barbara

Metals Consulting International Limited (MCI), the independent iron and steel sector management consulting firm, announces the merger of its advisory business with that of Saint Barbara, advisors to the world’s metals, minerals and mining industries. MCI mostly undertakes iron and steel sector due diligence and feasibility study work for clients in Western, Central and Eastern…

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Russia: Potanin suggests postponing Nornickel dividends

President of Norilsk Nickel, Vladimir Potanin, has suggested shareholders postpone paying dividends this year due to a crisis. Rusal, the largest shareholder, has not supported this. “Of course, shareholders like dividends. But when there is a choice between increased dividends and investments in strategic development, 75% of minor shareholders choose investments. During crisis it is…

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Azerbaijan: AzerGold invests $9.5 million in exploration drilling and research

AzerGold CJSC has signed a $9.5-million contract with AT-Geotech LLC for exploration drilling, geotechnical research, laboratory analysis, monitoring of results and report preparation work in the country. AzerGold CJSC secured the contract via a tender, the official website on public procurement reported. Established in 2015, AzerGold CJSC is engaged in the study, research, exploration, management…

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Russia: ChTPZ to increase pipe billet output

The ChTPZ Group is taking measures to keep the business afloat and protect the health of its employees under the coronavirus pandemic and market volatility. According to the development strategy until 2024, the company intends to save 5 billion rubles by decreasing administrative expenses, optimizing repair processes, logistics and energy provision, as well as implementing…

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Russia: gold production up in 2019

Russian companies produced 367.952 tons of gold in 2019, up by 12% YoY, the Union of Gold Producers of Russia reported. Mined gold output went up by 9.5%, to 286.563 tons, by-product gold production increased by 17.4%, to 18.134 tons, and production of gold from processing of scrap and waste rose by 11.6%, to 38.487…

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