Russia: NLMK Board approves CEO candidate

At a meeting held on February 13, NLMK’s Board of Directors considered the nomination for the position of the company president (CEO) (Chairman of the Management Board) submitted by its majority shareholder. Grigory Fedorishin, who currently holds the position of Senior Vice President of NLMK, was approved as the top candidate to be voted on…

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Russia: gold output up in 2017

Russia’s gold output increased by 6.4% YoY, to 306.9 tons in 2017, the Finance Ministry said in a statement on February 13 with data on supplies of the metal to gold refining plants. Mined gold output rose by 6.8%, to 253.9 tons, by-product gold output increased by 7.2%, to 16.4 tons, and gold scrap production…

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Armenia: investments in metal deposits at $235 million in 2017

In 2017 companies developing metallic deposits invested $235 million in the operation.

In the next 3 years some 3 billion drams more will be invested in the field.

Metallic output last year increased by 30% YoY, mostly because of the growth of world ore prices. (Ukrainian metal)

Russia: MMK-Metiz to increase minimal salary

MMK-Metiz is going to increase the size of the minimal salary.

As of January, the average salary at the works was 46.7 thousand rubles. In 2017 it increased by 8.4%.

The company collective agreement, approved last spring, was awarded the second place at the regional competition. (Ukrainian metal)

Ukraine: ZZF oil transformer catches fire

An oil transformer with cables caught fire on the territory of the Zaporozhye Ferro Alloys Plant.

Some 28 firefighters and 7 units of special machinery were engaged in extinguishing the fire.

The fire appeared on the area of 25 square meters.

The reason of the fire is unknown as yet. (Ukrainian metal)

Ukraine: Avdiivka Coke gets new machinery

Avdiivka Coke and Chemical Works has received a new tar separator.

The machine removes resinous substances from the water that cools coking gas.

At the moment the company is laying the foundation for the machine and purchasing metal structures.

The commissioning of the tar separator is scheduled for summer. (Ukrainian metal)