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Miners in the western Georgian mining town of Tkibuli have stopped their protest as they have been promised to be paid their salaries, Georgian Minister of Economy Natia Turnava said after meeting with Saknakhshiri, a daughter company of Georgian Industrial Group (GIG) and miners. The company has a new Georgian investor, Steel Investment Trades Company,…
DetailsIn July Russia exported 12.1 thousand tons of raw nickel, down by 12.2% MoM, but up by 40.4% YoY. Switzerland accounted for a third of deliveries, down by 20% MoM. In 7 months exports totaled 83.5 thousand tons, up by 8.3% YoY. In monetary terms since the start of the year exports have decreased by…
DetailsSince the start of the alluvial season, Dnepr-Gold LLC has extracted 500 kg of gold. The main volume of gold is washed at the sites in Taskan and Burhaky rivers valley. So far the company has exceeded its output target by 16.6%. Initially it was planned to extract 440 kg of gold. Moreover, Priiskatel LLC,…
DetailsCherepovets Iron and Steel Works has mastered the manufacture of a new product. The first batch of the square with the size of 125×125 mm has been produced at the mill-350. This complex product is used to produce springs for cargo machines, commercial transport and buses. The square has been developed at the customer’s request…
DetailsNLMK Lipetsk, NLMK Group’s flagship production site, has embarked on the development of project documentation and site preparation for the construction of a new recovery power plant running on by-product gases from steelmaking operations. The power plant will have a capacity of 300 MW. NLMK Group plans to invest 35 million rubles into the project.…
DetailsAt the Extraordinary General Shareholders’ Meeting (EGM) held on September 27, NLMK shareholders approved the payment of Q2dividends of 3.68 rubles per share. The total amount of Q2 dividends payable to shareholders is equivalent to 136% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period. The date upon…
DetailsThe national assembly on Jerooy gold deposit, scheduled for October 1, was canceled. According to the organizers, they received information about threat of disruption of the event and its use for political purposes. “We can’t voice names, but apparently, there were people among us, who pursued their goals. There is information about possible provocations, we…
DetailsAdditional expenses of Interpipe because of the increase of electricity cost amount to some $1 million per month. The company CEO Fadi Khraibe says de facto there is no electricity market in Ukraine. “The market presupposes competitive demand and supply. But now there is a system that is trying to get closer to the market.…
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