“Extrusion Techniques and Structures” LLC intends to become a resident of the Kaluga special economic zone. The company intends to create aluminum manufacture with the capacity of 7 thousand tons per year. The products will be used in car manufacture and construction. The enterprise will be commissioned in 2020. Investments will reach 1.26 billion rubles.…Details
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Vysochaishiy has signed an agreement with Lanta-Bank to sell it 1769 kg of gold and 509 kg of silver this year. The estimated cost of the deal is 4.8 billon rubles. In January-November 2018 the company extracted 3826.9 kg of gold at its deposits. Its JORC reserves in Irkutsk region and the Republic of Sakha…Details
The Federal Antimonopoly Service will check the reasoning behind the increase of the drilling pipe prices. In particular, FAS will investigate the increase of the price of pipe and metal purchased by oil companies. Russian metal and pipe prices follow world trends with a slight delay. In January-July the market witnessed a rise of hot-rolled…Details
Under an investment program to run for 8 years VSMPO-Avisma intends to spend $700 million. According to the company CEO Mikhail Voyevodin, the reconstruction of the pipe-section and bar manufacture will absorb the most funds. “For the past 10 years we have been paying attention to flat rolled metal and stampings, while the shop No.…Details
Moody’s has increased Metinvest B.V. rating to B3 with stable outlook. According to the experts, the company rating reflects its integrated business model. In H1 2018 Metinvest provided itself with 287% of iron ore, 145% of coke and 38% of coking coal. The agency has also taken into account the debt refinancing of $2.271 billion…Details
Ukrzaliznytsia (Ukrainian Railways) has started selling scrap via ProZorro.Sales system. 4 lots with the initial price of 260 million UAH have already been registered. The auction is scheduled for January 11, 2019. (Ukrainian metal)Details
In 2018 Moldova Iron and Steel Works steel output exceeded 500 thousand tons. Despite all the difficulties the company has been able to increase wages to its employees on average by 25%. Investments in development grew 5-fold. The company has constructed a warehouse and started modernization of the scrap complex. (Ukrainian metal)Details
The new director of the Novovolynskaya Mine No. 9 Pavel Tanchev intends to clear salary debts and improve labor conditions. He also wants to implement a new development plan. In particular, he told the employees that the mine would not be closed, but developed. He also assured the personnel that the salary would soon be…Details
The systems of the environment management at ChTPZ and PNTZ have been named efficient. SAI Global carried out the audit at ChTPZ and TUV Rheinland – at PNTZ. This year ChTPZ has started a large-scale project on the construction of the wastewater purifying facilities. Investments total 600 million rubles. PNTZ is also modernizing its water…Details
In January-November the Republic of Buryatia extracted 784.3 tons of uranium, up by 26% YoY. In 11 months of 2017, 580.3 tons of uranium were mined. Khiagda is developing 2 uranium deposits in the republic. By 2020 it intends to have commissioned another deposit. And after that it will start developing 4 more deposits. (Ukrainian…Details
In January-November Kazakhstan mined 265.4 billion tenge worth of iron ore, up by 18.4% YoY. Kostanay region accounted for 87% (231.3 billion tenge), up by 16.8% YoY. Karaganda region comes second with 10.5% (27.7 billion tenge), up by 20.3%, followed by Akmola region with 1.2% (3.2 billion tenge), up by 28%. Kazakhstan holds the second…Details
According to Uzmetkombinat investment program for 2019, the construction of the casting and rolling plant with the capacity of 1 million tons of rolled metal per year will cost $50.6 million. The overall cost of the construction is $461.1 million. The project will be financed by Gazprombank and other foreign banks. The plant will produce…Details