In January-March Ferrexpo invested over 748.9 million UAH ($27.8 million) in the development of its Poltava, Yeristovo and Belanovsky Mining and Processing Works. In particular, in the maintenance of reserves and development of PGOK 501 million UAH ($18.6 million) was invested, and in the development of EGOK and BGOK – over 247.9 million UAH ($92.…
DetailsRinat Akhmetov, the owner of Avdiivka Coke and Chemical Works, has started the procedure of squeeze out of the company shares, having estimated the price of the plant at its annual profit. In particular, Barlenco Ltd. (Cyprus) has sent out an irrevocable claim to buy out shares from all the owners of the company stakes.…
DetailsIn January-April Magadan region mined 5660.8 kg of gold, up by 11.5% YoY. Silver output dropped by 2.6%, to 230.2 tons. Pavlik Gold-Extracting Company provided the most gold. Serebro Magadana was the leader in silver manufacture. The company also obtained 444 tons of lead. This year the region intends to get 37.1 tons of ore…
DetailsIn January-April Chukotka obtained 7.033 tons of gold, down by 8.5% YoY. Silver output dropped by 17.8%, to 35.89 tons. Chukotka Mining and Geological Company (Kinross Gold) was the leader in mining, having obtained 3.222 tons of gold, up by 106.3 kg YoY. Silver output totaled 31.403 tons. Last year the region yielded 25.3 tons…
DetailsKyshtym Electrolytic Copper Plant has suspended manufacture of copper wire rod to modernize the line, resulting in the increase of manufacturing speed from 13 to 20 tons per hour. The total capacity of the line will grow from 100 to 140 thousand tons of copper wire per year. The cost of the project is 288…
DetailsKarelsky Okatysh has put into operation a new unique rope carrier. The machine is intended to quickly replace steel ropes at 10- and 20 cubic meters excavators. The first rope carrier was assembled 9 years ago by KamAz specifically for Karelsky Okatysh. (Ukrainian metal)
DetailsRAEX rating agency (Expert RA) has assigned IMH credit rating ruBBB+ with a stable outlook. RAEX in its report notes the company’s high liquidity level and diversification of sales by geography and customers. The agency outlines the company’s strong positions on the pig iron and metallurgical coke markets – key sales areas of the group.…
DetailsTMK, one of the world’s leading producers of tubular products for the oil and gas industry, has taken part in the 2018 International Offshore Technology Conference (OTC), Houston, USA. At the event, TMK showcased its full range of TMK UP premium threaded connections used in oil and gas wells operating in adverse conditions, including offshore…
DetailsUkraine could stop shipping titanium ore concentrate to Russia. In 2015 it exported 295 thousand tons of concentrate valued at $72 million, in 2016 – 463 thousand tons at $84 million, and in 2017 – 583 thousand tons, with 35% to Russia. The basis for the cancellation of exports to Russia could be a decree…
DetailsRepresentatives of the world leaders in IT, sales, consulting and oil industries, studying at the London Business School, have visited Zaporizhstal. The company CEO Rostislav Shurma presented the environment modernization of the works. The guests have visited the central control room, and took a look at the new pickling line in the cold-rolling shop No.…
DetailsUkraine has to create its own close cycle of titanium manufacture. According to the Dmitry Firtash Group of Companies calculations, the replacement of the Russian VSMPO-Avisma on the titanium imports market will cost some $110 million, needed to modernize the Zaporozhye Titanium and Magnesium Works, while the full cycle, from the ore to the ready-made…
DetailsNLMK Group, a global steel company, has appointed Dmitriy Kolomytsyn Director, IR & Capital Markets. Kolomytsyn previously held the position of Head of Corporate Development. Sergey Takhiev, who previously headed NLMK Group’s Investor Relations, has decided to continue his professional growth in another company. Dmitriy Kolomytsyn joined NLMK Group in 2016. As Head of Corporate…
DetailsThe prices of main precious metals varied in Azerbaijan on May 14, according to the data published by the Central Bank. The cost of gold decreased by 0.306 manats, to 2242.9715 manats per troy ounce to the price on May 11. The cost of silver decreased by 0.0016 manats, to 28.3969 manats per ounce. The…
DetailsAzerGold State Company is completing the procedure of buying out the share of foreign contractors in some mines and deposits in Azerbaijan, said Zakir Ibrahimov, Chairman of the Management Board of the Company. “Works on handover and acceptance with the founding companies of the operating company AIMROC are at the final stage,” Ibrahimov said. In…
DetailsLast week the price of one ounce of gold in Azerbaijan increased by 5.746 manats or by 0.2568%. Accordingly, the average price of one ounce of gold stood at 2,236.57525 manats. The price of one ounce of silver increased by 0.2795 manats or by 0.994%, to 28.1539 manats. The price of one ounce of platinum…
Details