Russia: Evraz expands the capacity for the processing of railway wheels

Evraz NTMK completes preparations for launching the fifth railway wheel machining line. The line has already been assembled, and four new automated machines have been installed at the wheel shop. Currently the wheel-block robotic transport and handling equipment, chip breaker and disposal systems, a cutting-fluid management station are being mounted. Cable networks and fences that…

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Russia: MMK and AvtoVAZ developing cooperation

The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…

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Kyrgyzstan: Chaarat Gold proposal to acquire Kumtor not to provide benefits to Centerra

The proposal by Chaarat Gold to acquire Kumtor does not provide sufficient benefits to Centerra, CIBC analytics said. As the organization notes, analysis suggests that the proposal does not provide sufficient benefits to Centerra, given its future funding obligations, despite improving the geopolitical risk profile. According to the analytics, the sale of Kumtor will significantly…

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