Kazakhstan: Fincraft Resources gets 22% in Petropavlovsk

The mining-metallurgical company Fincraft Resources has concluded a deal to consolidate 22% of Petropavlovsk plc shares by buying Fincraft Holdings Ltd.

The amount of the deal is not disclosed.

Fincraft Holdings Ltd (Cyprus) bought 22.42% in Petropavlovsk in late 2017. (Ukrainian metal)

Russia: Khiagda modernizing transport fleet

Khiagda has received new KamAZ shift automobiles. They will be used to transport employees from the settlement to the industrial objects and deposits. To carry out repair works at pipelines, assemble and disassemble pumps and for loading and unloading the company has bought an Ivanovets truck crane. Next year Khiagda will continue replacing its old…

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Ukraine: 25 million UAH envisioned in state budget for Novovolynskaya mine No. 10.

The state budget for 2019 will provide for 25 million UAH for the Novovolynskaya mine No. 10.

This will help keep the mine in trouble-free operation.

The volume of financing is optimal until the Ministry of energy and coal industry decides on the further operation of the mine or until it is privatized. (Ukrainian metal)

Ukraine: AMKR cooperation with Belarus to become more mutually beneficial

Mutual increase of purchases of in-demand goods will help expand trade and economic relations between Belarus and Ukraine, as Paramjit Kahlon, Chief Executive Officer of PJSC ArcelorMittal Kriviy Rih, mentioned in his speech at Ukrainian-Belarusian forum “Cooperation and partnership”. The forum has been held in Kriviy Rih for the first time. Igor Sokol, the Ambassador…

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Russia: metal prices down on November 16-22, 2018

On November 16-22 metal prices index in Central region dropped by 0.13% WoW.

Only rounds saw an increase of 0.18%.

Channel prices fell by 0.43%, cold-rolled metal – by 0.27%.

Hot-rolled sheet decreased in price by 0.24%, and pipes – by 0.22%. (Ukrainian metal)

Ukraine: AMKR opens museum of mining equipment

The open-air museum of mining equipment has been opened in Kriviy Rih for all citizens and visitors of the city. Igor Sokol, the Ambassador of Republic of Belarus in Ukraine, and Piotr Parkhomchik, Chief Executive Officer of BelAZ company, came to visit its opening. Paramjit Kahlon, Chief Executive Officer, PJSC ArcelorMittal Kriviy Rih opened the…

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