Kosaya Gora Iron and Steel Works has held a meeting of shareholders. One of the issues of the June 24 meeting was the dividend payment for 2018. The shareholders decided not to pay dividends, and to spend the profit on the development of the company. (Ukrainian metal)Details
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Chelyabinsk Electrometallurgical Works decided to finally increase wages. On May 16, the employees made a strike declaring that in 5 years their wages had decreased by a quarter. After the strike they met the company director, but to no avail. According to the new orders, from June 1 the wages at the company will increase…Details
Arkhara LLC, extracting gold on the territory of the Jewish Autonomous District, intends to obtain 150 kg of alluvial gold this year. At present the company is operating at one licensed site – the Fedoseyka River. So far 40 kg of gold have been extracted Last year the output was 200 kg. Arkhara, operating since…Details
Three Rusal companies have passed a certification according to the standards of the Aluminium Stewardship Initiative (ASI). The certification will help improve the manufacturing-sales network. Bauxite of Timan, Ural Aluminum Works and Irkut Aluminum Works have successfully passed certification according to ASI Performance Standard and ASI Chain of Custody Standard. Rusal intends to certify all…Details
The drawing site of the Severstal Steel Ropes Volgograd subsidiary has implemented an accounting technique resulting in the increase in the operation efficiency. The changes are related to the system of every wire drawer output fixation. Now all the work is accounted, including the weight of the unfinished coil. “The changes made to the accounting…Details
Alexei Raychev has replaced Sergey Sivtsov as chairman of the commission on the state enterprise Mine named after Surgay reorganization. Until 2018 Raychev has been the director of the state enterprise Krasnolimanskaya Coal Company. Sivtsov has been fired some hours after he has concluded an agreement to supply coal from the state mine to the…Details
Some 1,395 kilograms of gold were extracted in Azerbaijan in January-May, up by 9.8% YoY, the Azerbaijani State Statistics Committee reported. Silver production in Azerbaijan increased by 18.1%. According to the statistics, the total volume of the extracted silver and concentrates reached 1,364 kilograms. Some 805 tons of copper ore and concentrates (+44.9%) were extracted…Details
Reclamation of uranium tailings in Mailuu-Suu will begin in September-October, representative of the European Commission Pascal Daures reported. According to him, all the preparatory work within EU Programme “Environmental Remediation in Central Asia” has been completed. The European Bank for Reconstruction and Development will begin holding tenders and signing work contracts in September. As Pascal…Details
In April Russia imported 15.7 thousand tons of copper ore and concentrate, down by 68.7% MoM and by 64% YoY. The price in April dropped by 9.6%, to $1222 per ton. In 4 months copper ore imports decreased by 22.6% YoY, to 153.4 thousand tons. But in monetary terms they grew by 11%. (Ukrainian metal)Details
In April Russia exported 22.8 thousand tons of zinc ore and concentrate up by 136.6% MoM and by 54.7% YoY. In 4 months exports grew by 9.9% YoY, to 87.8 thousand tons. Since the start of the year exports fell by 10.7% in monetary terms. (Ukrainian metal)Details
The acting governor of Bashkortostan Radiy Khabirov and the CEO of UGMK-Holding LLC Andrey Kozitsyn have signed an agreement of intent to carry out an investment project to construct a mine with infrastructure and develop the Podolskoye copper-zinc deposit. The first stage is expected to be commissioned in 2026. Investments will amount to 50 billion…Details
Since the start of the year Evraz NTMK has mastered the manufacture of several new types of shaped rolled metal. In particular, the beam shop has produced the first batch of new NE200 beam according to EN 10365-2017, and the rail and beam shop – equal angle No. 20 according to GOST 8509-93. The NE…Details
In January-April the consolidated throughput of Nakhodka Sea Trade Port terminals totaled 46.636 million tons, up by 0.3% YoY. Ferrous metals and pig iron accounted for 4.571 million tons, up by 3.4%. Non-ferrous metals throughput dropped by 21.2%, to 0.292 million tons. Iron ore indexes grew by 33.5%, to 0.969 million tons. (Ukrainian metal)Details