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After a three-month warming of the refractory lining Cherepovets Iron and Steel Works has switched the coke oven plant No. 4 to constant warming. The first coke is expected to be produced in late 2018. “The investment project valued at 6 billion rubles will increase coke output at the plant from 420 thousand tons to…
DetailsMetalloinvest has partially refinanced its credit portfolio due to the funds attracted under a new loan agreement with Gazprombank. Under the agreement the company has attracted 18.8 billion rubles for 6 years. All the money was spent to clear debt to Sberbank. Thus for the next 16 months the company has no debts on the…
DetailsTurkish Dal Teknik Makina Ticaret ve Sanayi A.Ş. has launched the most modern plant in Central Asia for the production of metal structures in the Angren free economic zone (FEZ). Metal structures of wide application, including for industrial and civil building construction, power lines, solar panels, wind turbines, tower and bridge cranes, as well as…
DetailsDTEK Energy invested UAH 3.3 billion in January-June to upgrade and develop its businesses. This enables the company to modernize its facilities for operating efficiently in the new electricity market and ensure the energy security of Ukraine. DTEK Energy’s key objective in the coal business segment for 2018 is to invest in ramping up the…
DetailsThe price of one ounce of gold decreased by 2.499 manats, or by 0.12% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2050.1779 manats. The price of one ounce of silver went down by 0.3882 manats, or by 1.54%, to 25.0964 manats. The price of one ounce of…
DetailsAzerGold CJSC has started the project on production of coins and ingot from gold and silver in Azerbaijan. The company stated that the preparation of ingots and coins was carried out on the basis of AzerGold’s development strategy. The project sets goal to promote the country as a gold producer on the domestic and international…
DetailsA 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.…
DetailsPrime 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…
DetailsThe 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.…
DetailsChTPZ 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…
DetailsIn 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)
DetailsZaporizhstal 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…
DetailsUnder 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…
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