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From April 1, Metinvest will increase wages to its employees by 15% on average. The salary of the directors of Metinvest enterprises and employees of the managing company will not increase. Last year Metinvest increased the wages twice: in April they grew by 20%, and in October – by 10%. In 2018 the average salary…
DetailsIn 2018 rare-earth metals consumption in Russia totaled 1.2 thousand tons, while in China – 100 thousand tons. Thus, the local market is still weak. The main consumption industries are manufacture of catalysts, glass and optics. Consumption could grow, according to the experts, by increasing catalysts output and by developing the metal industry. At present…
DetailsRusal has put into operation the second line of the first stage of the new works in Krasnoyarsk, increasing aluminum capacity from 150 thousand tons to 300 thousand tons per year. The total cost of the plant with the capacity of 600 thousand tons was estimated at $2.6 billion, of which the first stage accounted…
DetailsIn 2018 Chelyabinsk Zinc Works increased output by 4.3% YoY, to 200.9 thousand tons of zinc. The company also produced 4.013 tons of indium (+3.8%), 926.9 tons of cadmium (+6.7%) and 332.4 thousand tons of sulfur acid (+4.2%). 76.2% of the zinc produced was sold domestically. In 2016-2017 the share of the domestic market was…
DetailsIn 2018 the enterprises of UGMK-Stal were able to improve sales due to the mastering of new rolled metal types. Electrostal Tyumeni showed the highest increase – by 17% YoY. “This year the company will continue increasing sales with the help of new products, namely 25-40 mm angles. In 5 years of operation Electrostal Tyumeni…
DetailsIn 2018 Sukhaya Balka received 786.4 million UAH of net profit as opposed to 1.17 billion UAH of net loss in 2017. At the meeting scheduled for April 11, the shareholders will discuss the loan from Oschadbank of up to $30 million for 36 months with the interest rate of 23% in hryvnia, 10% in…
DetailsIn 2018 Chelyabinsk Zinc Works received 1.92 billion rubles of net profit, down 2.8-fold YoY. At the same time the revenue grew by13.9%, to 33.78 billion rubles. A part of the profit was spent to construct the Korbalikhinsky mine (3 billion rubles). Without this spending the net profit would have reached some 5 billion rubles.…
DetailsMagnitogorsk Iron and Steel Works (MMK) is taking part in the 22nd Archimedes Moscow International Salon of Inventions and Innovative Technologies. This year, MMK’s innovative potential is showcased by four patented technologies in the field of cold-resistant metal rolling designed for icebreaker fleets, marine and engineering equipment used in the Arctic. The competitive advantages of…
DetailsPrecious metal prices decreased in Azerbaijan on March 29. The price of gold dropped by 36.805 manats, to 2,191.5465 manats per ounce compared to the price on March 28. The price of silver fell by 0.493 manats, to 25.5311 manats per ounce. The price of platinum went down by 18.7765 manats, to 1,437.078 manats, and…
DetailsMain shareholder of the Central Asian Uranium Company LLC and a representative of the Russian Federation, Vladimir Popov, said when Kara-Balta Mining Plant (KBMP) would start working and how Russian investments would help the mining sector of Kyrgyzstan. – An agreement between the Central Asian Uranium Company LLC (Russia) and Kara-Balta Mining Plant OJSC (KBMP…
DetailsResidents of Ton district in Issyk-Kul region demand to stop exploration of Tash-Bulak uranium deposit, local activist Akzholtoi Tukunov reported. According to him, the villagers have met with representatives of the government and local executive authorities. “They, of course, assure that the development of uranium will not harm neither the environment nor the people, but…
DetailsHead of the Verkhovna Rada committee on industrial policy and entrepreneurship Viktor Halasiuk has appealed to the Ukrainian Prime Minister, the SBU Security Service of Ukraine and the National Security and Defense Council (NSDC) to keep recently lifted sanctions from the Moldova Iron and Steel Works (MMZ) located in the unrecognized Transnistria and owned by…
DetailsBrazil, China, Japan, Canada, USA and Austria, as well as domestic companies with foreign investments are interested in mining lithium, cobalt, nickel and manganese ore in Ukraine. “This mining is not really high in Ukraine, but EU has become interested in Ukraine, as there is a problem of supplies of important raw materials”, the State…
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