NLMK has finished the repair of and commissioned the converter with the capacity of 160 tons. The repair work has been finished 16 hours earlier, which allowed smelting additionally more than 700 tons of steel. Investments in the project totaled 130 million rubles. At present NLMK operates 3 converters with the volume of 160 tons…Details
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Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts. The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK. USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)Details
In July DTEK Dneprovskoye Mine Group yielded over 91.8 thousand tons of low-ash coal. This is a record-high output of coal at one site. It has been reached for the first time in the past 5 years. At the same time, in 7 months the site No. 3 has mined half a million tons of…Details
Last week as the result of the flooding at the mine one person perished in the pro-Russia militants-controlled town of Snezhnoye in Donetsk region. The accident happened on August 11. 2 miners were at the accident site. The body of one of them was recovered on August 12. The search for the second miner is…Details
In July Beloretsk Iron and Steel Works shipped 41 thousand tons of metal wares to its customers, up by 6% MoM. In particular, the sales of cold-deformed rebars used in construction grew 2.5-fold. Sales of steel mesh for reinforcing increased by 61%. The company shipped 38% more ball bearing wire. Nails demonstrated the growth of…Details
In January-June Severstal supplied Russian construction companies with 2.717 million tons of metal products, up by 7% YoY. Severstal metal is used in construction of the largest infrastructure projects. In particular the group has delivered some 40 thousand tons of rolled metal for the construction of all 12 stadiums hosting the World Cup. In spring…Details
Vector Energy s.r.o (the Czech Republic) intends to purchase 1.58 million shares of the Ivano-Frankovsk Rebars Works, or 49.99% of the company. At present the company has no shares of the works. IFAZ was registered in 1995. Last year it increased its net income by 77% YoY, to 52 million UAH, having decreased the net…Details
In January-June one of the largest coalmining companies of Russia – Vorkutaugol – decreased output by 10% YoY, to 4 million tons. The decrease is the result of the scheduled works at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. Metallurgic coal output grew 3-fold, to 80 thousand tons. Its reserves are situated at the Vorgashorskoye…Details
The prices of precious metals decreased in Azerbaijan August 13, according to the data published by the Central Bank. The price of gold dropped by 4.386 manats, to 2054.6795 manats per ounce on August 13 compared to the price on August 10. The price of silver fell by 0.2464 manats, to 25.942 manats per ounce.…Details
The price of one ounce of gold decreased by 6.9445 manats or by 0.3361% last week. The average price of one ounce of gold stood at 2062.0065 manats. The price of one ounce of silver decreased by 0.071 manats or by 0.2704%, to 26.21016 manats. The price of one ounce of platinum decreased by 1.292…Details
Kyrgyzaltyn OJSC conducts consultations with the population of Toguz-Toro district. People are being persuaded that it is necessary to create a joint venture with a foreign investor at Makmal mine. Only this can extend its life and provide people with stable work. Deputy Chairman of Kyrgyzaltyn OJSC Nurdin Kanymbetov explained the peculiarities of the project.…Details
Tajikistan is very interested in close cooperation with Azerbaijan in the production and further export of aluminum, the Minister of Economic Development and Trade of Tajikistan Nematullo Hikmatullozoda declared. In particular, Tajikistan is interested in using the transit potential of Azerbaijan for the export of Tajik aluminum, Hikmatullozoda added. (Trend/Ukrainian metal)Details
The Prime Minister of Ukraine Vladimir Groysman has approved the appointment of the new state enterprise Pervomayskugol CEO. The previous acting director Artur Mirumyan was fired by the order of the energy minister Igor Nasalik on August 7. The new director will be presented to the employees after the relevant order is signed. The reason…Details