Shakta Uskovsksya LLC, representing Evraz, has won an auction to mine coal at the Uskovskiy site in Kemerovo region. The site was auctioned in August. The initial price was 620.3 million rubles. The company has the right to develop the site with the size of 29 square km for 20 years. As of January 1,…Details
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NLMK Group, an international steel company, has topped the “People are the most valuable capital” nomination in the annual SAP Value Award for implementing an updated HR management system based on SAP Human Capital Management (SAP HCM) and SAP SuccessFactors cloud solution. The use of advanced technology solutions improved the quality and agility of management…Details
NLMK Group, an international steel company with operations in Russia, the US, and the EU, has topped the “Best Freight Shipper” nomination in the “Russian Railways – 15 Years Together” Award. The Award Ceremony took place in Sochi as part of the “PRO//Motion.1520” International Transport & Logistics Forum that marked the Russian Railways’ 15th anniversary.…Details
SIA JM Properties, a subsidiary of AS Jensen Metal Holding, is constructing a metal works on the territory of the industrial park of Karosta in Liepaja. At the first stage the company plans to construct a building with the size of 11 thousand square meters. The construction is scheduled to be completed in May 2019.…Details
The Commercial Court of Donetsk region has determined 4 amicable agreements between the fund Glori represented by the Investment Capital Ukraine LLC and Donetskstal. According to the agreements, Donetskstal has to clear its debts of 2.08 billion UAH to Glori within one month. The debts arose from loans received by the company in 2011-2012. (Ukrainian…Details
DTEK Esko has carried out two energy-servicing projects at the Central Mining and Processing Works of Metinvest. According to the company statement, the modernization of 19 pumps will allow the works annually saving some 2.3 million kW-h of electricity valued at over 4 million UAH. This is provided for by 10 frequency converters and 7…Details
Chelyabinsk Zinc Works has started constructing an oxygen plant with the capacity of 10 thousand cubic meters per hour. The need to construct the plant originated from 1995, but only after the works entered the Ural Mining and Metallurgical Company could it implement the project. The plant is expected to be commissioned in late 2019.…Details
According to the forecast of the Ministry of economic development, in 2018 Russia will produce 61.5 million tons of rolled metal, up by 0.9% YoY. Exports are expected at the level of 28 million tons, up by 0.3%. Imports will grow by 1.4%, to 5.5 million tons, and local consumption – also by 1.4%, to…Details
Evraz Kachkanarsky Mining and Processing Works has celebrated its 55 anniversary. The company has created a museum on the site where the first mining control room and the first observation desk had been. In 1966 the KGOK started producing sinter, and from 1970 – pellets. In 2015 Evraz KGOK was the first Russian GOK to…Details
European Commission has prolonged the antidumping duties on the import of seamless pipes from Ukraine. The duty for Dnepropetrovsk Pipe Works is 12.5%, while for Interpipe – 13.8%. At the same time the Russian pipe manufacturers have been more severely hit. The duty for them is 24.1% for ChTPZ and 28.7% for TMK. (Ukrainian metal)Details
On September 10-21 the Ural-region department of Rostechnadzor carried out a scheduled inspection of Karabashmed. As a result 58 violations of legislation on industrial safety have been found. The company has been given time to remove the violations. (Ukrainian metal)Details
The State Committee for Energy, Industry and Subsoil Use changes the conditions for issue of licenses for the use of subsoil. From now on, the state will definitely participate in the projects. On October 3 the prime minister held a meeting on subsoil use and instructed within a week to develop new mechanisms for managing…Details
Prices of gold, silver and platinum increased, while the palladium price decreased in Azerbaijan on October 3, according to the data published by the Central Bank. The price of gold grew by 22.3465 manats, to 2,049.945 manats per ounce on October 3 compared to the price on October 2. The price of silver went up…Details