President of Kazakhstan Kassym-Jomart Tokayev has met with the member of the board of directors of Polymetal Management Company Igor Finogenov. The latter reported on the company’s big projects realized in Kazakhstan and Russia. The Head of State congratulated Polymetal on its IPO on the AIFC stock exchange and noted the company’s results achieved in…Details
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In April Russia imported 15 tons of tungsten including scrap, down by 26% MoM, but up by 56.6% YoY. In 4 months imports grew by 57.9% YoY, to 46.3 tons. In monetary terms since the start of the year imports have increased by 26.9%. Import price in April went up by 34% MoM, to $73…Details
VTB has provided Rise LLC (Magadan region) with a loan of 850 million rubles to finance the company operation during the current gold-extracting season. The loan has been provided for 1 year. This year VTB intends to purchase 850 kg of gold from Rise. The company, founded in 2003, since 2005 has been extracting alluvial…Details
Severstal-SMC-Vsevolzhsk and Uz-Saemyung Co, the leading supplier of spare parts to UzAuto Motors (previously GM-Uzbekistan), have signed an agreement on the delivery of laser-welded billets. Severstal-SMC-Vsevolzhsk is a joint venture of Severstal and Mitsui. The company operates the only laser-welding line for car manufacturers in Russia and CIS. Its advantage is that it can weld…Details
Andrometa has produced and supplied metal structures for the construction of a logistics complex in the town of Zheleznodorozhniy, Moscow region. The company has designed and manufactured steel frames of four buildings with the combined size of 3.7 thousand square meters. The complex will be used to process cargo flows and store non-food products. (Ukrainian…Details
Uralelectromed has begun the second stage of the reconstruction of its raw materials warehouse in the railroad shop. Until the end of the year the company intends to repair the loading site. The shop warehouse is to be reconstructed in three stages. In 2018 the company repaired its roof, façade and the ground floor. The…Details
Russian holding company SDS-Ugol, a part of Siberian Business Union, plans to invest 3.3 billion rubles in development of its facilities in 2019, the authorities of the Kemerovo region said in a statement. The figure includes security spending, which will amount to more than 500 million rubles. (Prime/Ukrainian metal)Details
Workers of the Alaverdi Copper Smelter blocked the railway leading from Armenia to Georgia on July 1. In late April, it became known that employees of the idle plant in the city of Alaverdi would get their salaries only by the end of June. Vallex group of companies that owned the plant, made the decision.…Details
Ex-CEO of the Ukrainian Tobacco Company LLC Andrei Duvanov has replaced Alexander Safin in the office of the CEO of Zinc (Donetsk region). The decision was taken at the supervisory board meeting on June 27. Duvanov has been appointed from July 4 for 3 years. In 2018 Zinc received 3.983 million UAH of net profit,…Details
The Ministry on the issues of temporarily occupied territories and internally displaced people suggests resuming sanctions against Moldova Iron and Steel Works, situated in the Moldova-uncontrolled Transnistria. The plant has been under sanctions since 2018, but in March was excluded from the list. The main customer of MMZ, processing scrap and producing rolled metal, is…Details
After the processing works at the Tekhutskoye deposit resumes operation, Tekhut plans to increase employee number to 1 thousand people. According to some sources, the deposit, pledged to the Bank VTB earlier this year, which has invested $380 million in it, has been transferred to the management of the Russian Copper Company. The program to…Details