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China’s hot-rolled coil prices tumbled again on Tuesday August 27 in both the spot and futures markets, with the possibility of easing production cuts in the north leaving participants with a bearish outlook for prices amid trade tensions with the United States. Domestic Eastern China (Shanghai): 3,600-3,630 yuan ($504-508) per tonne, down 50-70 yuan per…
DetailsEnergomashspetsstal has cast a bulk ingot weighing 415 tons. The ingot will be used to produce a Tianwan nuclear power plant reactor body shell. This is the sixth ingot of such a weight produced at EMSS. For the first time the 415-ton ingot was produced in 2012. The production lasted for 18 hours and 32…
DetailsThe Federal Antimonopoly Service has approved a bid of U.K.-based mining giant Evraz, which operates mainly in Russia, to buy 50% plus two shares in container shipping company TransContainer from Russian Railways, the service’s Director Igor Artemyev announced on August 27. “Evraz has filed this bid, and we have approved it,” he said, adding that…
DetailsThe board of directors of the Russian gold producer Polymetal International has recommended paying $0.2 per share in dividends for January-June, the company said in a statement on August 27. The dividends would account for 50% of the net profit for the period. Polymetal paid $0.17 per share in dividends for January-June 2018 and $0.31…
DetailsIn the first half of 2019 MMK Group allocated 1.04 billion rubles to social support programs and charitable causes. Among the priority areas of social support were assistance to pensioners and children, as well as the improvement of health conditions for the employees of the company. The full range of social and charitable programs implemented…
DetailsConstruction of a 4.8-gigawatt (GW) thermal power plant and an open-pit mine at the Yerkovetskoye coal field with a projected capacity of 25 million tons per year will cost 289.8 billion rubles, the Energy Ministry said in its 2035 draft coal industry program. The project’s deadline was set in 2021, but the draft also included…
DetailsThe Investigative Committee of Armenia says Lydian Armenia’s planned mitigation measures during the potential operation of the Amulsar Project are assessed as reasonable and appropriate by experts of ELARD, the company, which conducted an environmental impact assessment of the project, Yura Ivanyan, top detective in the Amulsar case and Head of the Corruption, Property Crime…
DetailsRussian company A-Property wants to buy 49% in the Elga coal project from Gazprombank, and has already filed a request for permission to do so to the Federal Antimonopoly Service, spokespeople of the bank and the service reported. “The bank saw and sees Elga as an investment asset. Over the past several months, investors were…
DetailsPresident Kassym-Jomart Tokayev has visited Zhezkazgan Copper Smelting Plant of LLP Kazakhmys Smelting. The Head of State surveyed the workshops of the industrial enterprise manufacturing a wide range of products. In December 2018 the plant launched the second ore-furnace, which enabled to increase annual copper production by 100,000 tons and create approximately 600 new jobs.…
DetailsArbitration decision on claim of Stans Energy Corp. must be confirmed in the jurisdictions of the respective countries, center for Judicial Representation of the Government of the Kyrgyz Republic reported. According to the center, the decision does not mean that the Kyrgyz side will automatically pay the arbitration amount. It must still be confirmed in…
DetailsThe Armenian National Congress (HAK), an extra-parliamentary political party led by the first President of Armenia Levon Ter-Petrosyan, will convene a special session of its board regarding the Amulsar gold mine. HAK Vice-President Aram Manukyan said at a press conference they were convening the meeting to decide their stance over the matter. “We are studying…
DetailsOn August 21 Ukrzaliznytsia (Ukrainian Railways) sold six batches of scrap valued at 34.6 million UAH. The scrap was sold at the Prozorro Sale auctions. Energosteel purchased 2.6 thousand tons of scrap for 15.4 million UAH. Dneprostal bought 1.6 thousand tons of axle scrap for 9.2 million UAH, as well as 0.155 thousand tons of…
DetailsEvraz ZSMK has mastered the manufacture of continuous cast billet with the sizes of 130×130 mm. In order to be able to produce such billets, additional equipment was assembled at the continuous casting machine. The company also produces 150×150 and 150×200 mm billets. The new product will be exported to the South-Eastern Asia, South and…
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