A major mineral exploration project is being implemented in Kazakhstan’s Karaganda region in cooperation with foreign investors. An Australian-UK concern, the name of which was not disclosed, allocated 9 billion tenges to search for minerals. The total exploration area is 17,000 square meters. The exploration is carried out at sections in Balkhash-Saryshagan and Korgantas regions.…Details
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Prime Minister of Ukraine Volodymyr Groysman has said that Ukraine should fully refuse from anthracite and increase the production of gas coal. “Ukrainian anthracite coal is in occupation area in Ukrainian Donbas. We have to do everything to refuse from anthracite and increase the production of gas coal as much as we can,” Groysman said…Details
The largest car manufacturer in Russia – AutoVAZ – has decided to continue cooperation with Rusal irrespective of the sanctions being removed from it or not. “The main goal of the company for now is to stay with Rusal. Of course, it would be clearer if the company is not controlled by a sanctioned person.…Details
ChTPZ and Kurganstalmost have supplied metal for the construction of the Wall of Peace monument in Astana, Kazakhstan. The companies have produced seamless pipes with improved characteristics to be used in the steppe climate of Kazakhstan. The batch comprised over 100 tons of pipes with the diameter of 114 to 351 mm and the wall…Details
In January-June one of the largest coking coal producers in Russia – Raspadskaya – increased revenue by 23% YoY, to $542 million. Net profit grew by 34%, to $225 million, with EBITDA up from $235 million to $303 million. At the same time coal output decreased by 9%, to 5.4 million tons. (Ukrainian metal)Details
Zaporizhstal together with Zaporozhogneupor, Zaporozhkoks and Zaporozhye Casting-Mechanical Works under the annual program “First time to school” handed stationary kits to 5500 pupils, the children of their employees. Altogether the stationary kits cost 3.1 million UAH. The children who went to school for the first time received their first school bags with stationary kits. Children…Details
Under the request of the General Prosecutor’s Office of Ukraine the ex-CEO of Zaporozhye Titanium and Magnesium Works Vladimir Korolkov has been detained in Moscow. Korolkov has been declared wanted in 2017 under the investigation of embezzlement of 492 million UAH (14.8 million euro) granted for the modernization of the enterprise. Korolokov has been working…Details
In July Russia produced 4.475 million tons of pig iron, up by 3.9% YoY, with 4.331 million tons produced in June. In January-July Russia increased pig iron output by 1.3% YoY, to 30.39 million tons. Ukraine, though it has left CIS, improved pig iron output by 13.9% YoY, to 1.767 million tons in July, with…Details
Izhorsky Pipe Works has finished supplying over 100 thousand tons of large diameter pipes for the construction of the Kharampurskoye oil and gas condensate deposits in Yamalo-Nenets Autonomous District. According to the contract, the company started supplying pipes in Q2 2017, having successfully completed the delivery in summer 2018. ITZ produced LDP with the diameter…Details
In July MMK hot-rolling mill-2000 produced 527.955 thousand tons of metal, having set a new monthly output record. The previous record was set in May, when the mill produced 527.505 thousand tons. The mill, commissioned in 1994, is one the most powerful machines in Russia. It is situated in the sheet-rolling shop No. 10. In…Details
The prices of precious metals varied in Azerbaijan August 31, according to the data published by the Central Bank. The price of gold increased by 0.2822 manats, to 2,049.027 manats per ounce on August 31 compared to the price on August 30. The price of silver decreased by 0.052 manats, to 24.864 manats per ounce.…Details
In July Russia produced 6.17 million tons of steel, up by 0.8% YoY, with 5.972 million tons produced in June. In 7 months steel output totaled 42.094 million tons, up by 2.2% YoY. Ukraine, which has already withdrawn from CIS, increased steel output in July by 11.4% YoY, to 1.629 million tons, with 1.711 million…Details