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From October 5 Dneprovsky Iron and Steel Works will shut down a part of its main shops in order to modernize them. “A number of major investment projects is planned at the works. We repair and modernize the manufacture to decrease footprint”, DCH Steel and DMZ CEO Vitaliy Bash said. The DCH investment program to…
DetailsA rally was held in Bishkek against amendments to the Law on Trade Unions. The Chairman of the Mining and Metallurgical Union of Kyrgyzstan Eldar Tadzhibaev reported that the protesters asked for a meeting with the President Sooronbai Jeenbekov. Protesters want to make their proposals to the proposed amendments to the law. “The amendments proposed…
DetailsGold-extracting companies can obtain a right to receive general license to export gold and silver ingots instead of one-time licenses. The amendments to the legislations have been prepared by the Ministry of Industry and Trade. The ministry believes the current system is slowing the exports down. Unlike general licenses, one-time ones are seriously limited: they…
DetailsThe extraordinary meeting of Norilsk Nickel shareholders has set dividends for the first half of 2019 at 883.93 rubles per ordinary share (around $13.27). The total volume of funds to be spent on dividends will be 139.88 billion rubles ($2.1 billion). The date upon which the shareholders entitled to H1 dividends will be determined is…
DetailsIn July Russia exported 10 thousand tons of ferrochromium, down by 18.5% MoM and by 0.6% YoY. Deliveries to China grew 3-fold, to 685 tons, and to the Netherlands – by 68%, to 7.3 thousand tons. Russia did not export to the USA in July, while in June its share was 32%. In 7 months…
DetailsIn July Russia imported 111.3 tons of molybdenum ore, down by 62% MoM and by 54.8% YoY. Deliveries from the USA grew by 18%, to 47 tons, while from the Netherlands decreased from 128 tons to 64 tons. In 7 months imports totaled 1.8 thousand tons, down by 14.6% YoY. In monetary terms since the…
DetailsIn August Mechel-Materials produced over 82 thousand tons of crushed stone and almost 44 thousand tons of mineral additives to concrete mixes, up almost 2-fold YoY. All the products were obtained as a result of metal manufacture wastes processing. Crushed stone output grew by 70%. In August the works processed over 126 thousand tons of…
DetailsGovernment of Kyrgyzstan has asked for two months to respond to the demands of activists on Jerooy deposit, civic activist Aibek Busurmankulov has reported. According to him, the organizers of the national assembly were received by the Prime Minister Mukhammedkaly Abylgaziev in Talas. “The head of the government has asked for two months. As you…
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