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Noginsk Pipe-Sections Works has started manufacturing round electric welded pipes. So far the company can produce pipes with the diameter of 57 mm and 20 mm. By the end of the year the company intends to have mastered the manufacture of pipes with the diameter of 15, 25, 32, 40 and 50 mm. (Ukrainian metal)
DetailsThe British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…
DetailsThe net debt of KAZ Minerals as of September 30 decreased to $1.986 billion from $2.052 billion as of June 30. In Q3 the company also paid interest on the loans in the amount of $99 million. Royalty payments totaled $49 million. The gross debt of the group is $3.502 billion. (Ukrainian metal)
DetailsAs of today, one seat in the Board of Directors of Canadian company Centerra Gold Inc. is vacant, press service of Kyrgyzaltyn OJSC reported. According to it, changes were made in the company’s board. Powers of a board member, Deputy Chairman of the Board of Kyrgyzaltyn OJSC for Economy, Finance and Investments Bektur Sagynov were…
DetailsIn August Metinvest decreased its EBITDA by 12.45% YoY, to $204 million. The revenue dropped by 17.65%, to $891 million. The group sold 349 thousand tons of semi-finished products at $164 million: 198 thousand tons of pig iron ($83 million), 108 thousand tons of slabs ($58 million) and 43 thousand tons of square billets ($23…
DetailsThe supervisory board of Dneprospetsstal has once again extended the powers of the acting chairman Vitaliy Korniyevsky for 3 months. The decision was taken at the board meeting on October 31. On April 23, 2009 the supervisory board relieved Daniel Valk of the duties of the chairman, having appointed Vitaliy Korniyevsky instead. Since then his…
DetailsThe Moscow Stock Exchange has started trading in futures contracts for non-ferrous metals (aluminum, nickel, zinc and copper). The size of the aluminum and zinc lots is 1 tons, and of nickel and copper – 0.1 tons. Three series of futures have been allowed for trading – with maturity in December 2018, as well as…
DetailsBeloretsk Iron and Steel Works has been awarded the title of a reliable supplier by one of the largest bearing works of Russia – Vologda Bearing Plant. The companies have been cooperating since 2004. BMK is supplying bearing wire with the diameter of 0.8 to 1.5 mm to VBP. The wire is used to produce…
DetailsKyshtym Electrolytic Copper Plant has received new Linde electric forklifts. The machines have been sent to the railroad and copper wire rod shops. They will be used to load products into containers. The forklifts operate on lithium-ion batteries, thus not polluting the closed premises. (Ukrainian metal)
DetailsThe Ural Aluminum Works has commissioned a modernized manufacture. The decomposition substitutive module will increase alumina output by 130 thousand tons per year, to 900 thousand tons. Investments in the construction, which began in 2014, totaled some 640 million rubles. At the same time, the works intends to reach the capacity of 1 million tons…
DetailsNLMK Group has topped the “Leader in Procurement Process Digitalization” nomination of the “Competitive Procurement Leader” Award. The Award Ceremony was held in Moscow at the Russian “Corporate Procurement 2018” Summit. The jury applauded NLMK Group’s achievements in the digitalization of procurement. Currently over 90% of tender procedures of the company are done through e-tendering…
DetailsThe delegation of the Federal Republic of Germany has visited PJSC ArcelorMittal Kriviy Rih, the biggest mining and metallurgical company of Ukraine. The visit took place on October 26 as a part of business visit to Ukraine of the representatives of German industrial companies united by non-government organization German Eastern Business Association. At the plant…
DetailsChaarat Gold Holdings Limited made a proposal for the all-cash acquisition of the whole of Centerra at a premium of not less than 35% above Centerra’s prevailing share price, statement of Chaarat Gold says. The proposed price amounted to 2 billion Canadian dollars (about $1.52 billion.) As the company said, “the ultimate objective of this…
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