Roman Abramovich’s Crispian Investments has sold Norilsk Nickel shares for some $551 million. At first the businessman intended to sell 1.25% of shares for $440 million, decreasing the Crispian share in the company from 6.37% to 5.12%. According to VTB Capital, 39% of the shares were purchased by investors from UK. Russian investors accounted for…
DetailsUkrmetallurgprom believes that in April Ukraine will produce 1.7 million tons of steel. Rolled metal output will total 1.5 million tons and pig iron – 1.7 million tons. As of March 13, 19 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 15 out of 16 converters, 7 out of electric arc furnaces…
DetailsIn 2018 Ukraine imported 938.9 thousand tons of manganese ore valued at $182.7 million, down by 27.9% and by 18.1% YoY respectively. According to the State Fiscal Service, more than half of the volume was bought from Ghana (57.5%, up by 16.5%). Russia supplied 18% of ore, down by 4%, and the Republic of South…
DetailsRusal intends to announce the end of the construction of the Boguchansky Aluminum Works first stage in late March. The second line of the first stage will increase the enterprise capacity 2-fold, to some 300 thousand tons. BoAZ is being constructed by Rusal together with Rushydro. The first line with the capacity of 150 thousand…
DetailsOn March 1, the 470-millionth ton of coal was mined at the Nazarovsky pit, since the enterprise has been put into operation. Last year the output totaled 3.5 million tons, exceeding the target. The 450-millionth ton was produced in 2013. Nazarovsky pit started operating 68 years ago – in 1951. (Ukrainian metal)
DetailsSince its commission in 2008, SMC-Kolpino has produced and sold 200 thousand tons of steel products. The anniversary ton was shipped to a European manufacturer of wind plants. In H2 2018 the company received a number of export orders with the combined volume of 10 thousand tons. The shipping was successfully completed in March. The…
DetailsThe Uralelectromed subsidiary (The Manufacture of non-ferrous metals alloys) has produced a cone-sieve for the copper sulfate shop. Previously the sieve was ordered in Germany and had a thickness of 1 mm. The subsidiary increased the wall thickness to 3 mm, and the sieve proved to be much cheaper in production. At present the cone-sieve…
DetailsChelyabinsk Iron and Steel Works has mastered the manufacture of a new channel type. The 30U channel can withstand considerable pressure and is used in construction and machine-building. The first batch of products has already been shipped to customers. So far ChMK has produced 450 tons of 30U channels, and shipped 340 tons. The rail…
DetailsThe supervisory board of the Zaporozhye Aluminum Works has not prolonged the contract with the acting CEO Dmitry Lobikov appointing a board member Alexander Zaika instead. The decision was taken at the board meeting on January 30. Zaika was appointed from January 31. He has been appointed the acting CEO until the CEO is elected.…
DetailsIn 2018 Trubostal received 687 thousand UAH of net losses as opposed to 14.806 million UAH of net profit in 2017. The undistributed profit totaled 21.419 million UAH. The company current liabilities dropped by 4.2%, to 198.088 million UAH, while the long-term liabilities remained unchanged at 9 million UAH. Accounts receivable fell by 15.2%, to…
DetailsAzovstal is continuing the construction of a pump station to chemically treat water to cool blast furnace No. 3. The construction of the station started in November 2018. So far 370 tons of metal structures and 23 water pipelines (13.8 km) with the diameter of 300 to 426 mm have been assembled. “This is a…
DetailsMagnitogorsk Iron and Steel Works (MMK) invested around 500 million rubles into the continued implementation of initiatives aimed at improving the energy efficiency of its production processes in 2018. One of the key tools of energy efficiency improvement is through the elaboration and implementation of relevant innovation proposals. Back in 2016, an Idea Management unit…
DetailsThe prices of precious metals varied in Azerbaijan on March 13. The price of gold increased by 13.073 manats, to 2,217.667 manats per ounce compared to the price on March 12. The price of silver went up by 0.0567 manats, to 26.2427 manats per ounce. The price of platinum grew by 15.878 manats, to 1,419.908…
DetailsRescuers have evacuated seven miners from the emergency section of the Karagailinskaya mine in the Prokopyevsky district of the Kemerovo region, where the rock collapsed, a representative of local emergency services reported. A total of 59 people were in the mine at the moment of collapse, including seven people on the emergency section. One miner…
DetailsThe government of Uzbekistan has drawn up a plan of prospecting works to increase gold reserves from 2020 to 2024 by 474 tons. According to the plan, the gold reserves have to increase due to the opening and the further development of new gold deposits. As of the end of 2019 the gold reserve has…
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