Russia’s Industry and Trade Ministry is ready to discuss preferences for the sales of beer in aluminum cans to support deep aluminum recycling, Minister Denis Manturov said. On October 1 Kommersant business daily reported that the Industry and Trade Ministry had prepared a bill to lift a 2013 ban on the sales of beer and…Details
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Magnitogorsk metal ware and calibration plant MMK-Metiz (a part of the ММК Group) is implementing a large-scale investment program to develop new types of metal products and modernize existing facilities. The estimated CAPEX exceeds 2.5 billion rubles. The modernization is planned for 2017-2019 and is aimed at strengthening the company’s position as a leading supplier…Details
PJSC Magnitogorsk Iron and Steel Works announced that an Extraordinary General Meeting of shareholders was held on September 28 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 1.589 rubles (including tax) per share for the second quarter of 2018. The dividend will be paid in cash…Details
Prices of gold and platinum increased, while the silver and palladium prices decreased in Azerbaijan on October 2, according to the data published by the Central Bank. The price of gold grew by 7.5055 manats, to 2,027.5985 manats per ounce on October 2 compared to the price on October 1. The price of silver dropped…Details
Permanent Representative of Tajikistan to the United Nations Makhmadamin Makhmadaminov spoke about the risks of uranium waste and called for assistance in the reclamation of uranium waste, according to the information department of the Ministry of Foreign Affairs of the Republic of Tajikistan. Makhmadamin Makhmadaminov spoke at the event “People and the Planet: Central Asia…Details
PJSC ArcelorMittal Kriviy Rih has purchased a new bus ZAZ А07А12 for the city that is already on route No. 244. It shuttles the residents of suburban villages (Rakhmanovka, Stepnoe, Rudnichnyi) to the highway and back. These villages are situated about 23 kilometers off the highway. The new bus will make the passengers commuting more…Details
In September Energomashspetsstal shipped 170 tons of roll products to Ukrainian companies. According to the company statement, in particular, it produced supporting and working rolls for hot- and cold-rolling mills. The rolls were shipped to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Evraz DMZ. (Ukrainian metal)Details
The meeting of the Polyus shareholders has determined the payment of dividends for the first half of 2018 in the amount of 131.11 rubles per ordinary share. According to the company statement, the total amount is 17.35 billion rubles, or $235.2 million. This corresponds to 30% of EBITDA in H1. The date upon which the…Details
Light-alloy drilling pipes, manufactured by Arkonik Russia, have confirmed the correspondence of their characteristics to the standards. The testing has been done in the shafts of the Tagrinskoye deposits in Western Siberia. “For half a century the reliability of our aluminum pipes has been providing for the qualitative drilling in extreme conditions. We are proud…Details
Uralskaya Kuznitsa has successfully passed the audit of its products. As the result of the inspection the specialists of the Ufa Motor-Building Manufacturing Enterprise checked the quality management system for the production and delivery of goods for the aviation industry. The company purchases forgings of heat-resistant alloys for gas-turbine engines. Thanks to the special characteristics…Details
In January-August Ukrainian companies increased rolled metal consumption by 4.64% YoY, to 3.137 million UAH. According to statistics, 948.5 thousand tons were imported. Imports increased by 14.62%. (Ukrainian metal)Details
IFG Metals & Mining and the State Committee on Geology and Mineral Resources have signed an exclusive agreement on the prospecting and development of 7 tungsten deposits. Under the agreement a tungsten cluster will be created in Uzbekistan. Investments in 25-30 years will reach $300 million, and some 1500 jobs will be created. IFG will…Details
In September Ukraine produced almost 2.8 million tons of coal, down by 1.5% from the plan, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In September coal mining enterprises of Ukraine of all forms of ownership produced 2,781,626 tons of coal. The…Details