Russia has sent a claim against additional U.S. import duties on steel and aluminum to the World Trade Organization (WTO), Economic Development Ministry said in a statement, citing Minister Maxim Oreshkin. “The reason for the claim is multiple WTO rule violations committed by the U.S. during the introduction of this measure. Besides Russia, China, India,…Details
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The Pipeline Joint Taps Works, a part of ChTPZ, has mastered the manufacture of a new type of product for the nuclear energy. For the first time the works has produced hot-bent taps with the diameter of 219 mm and the wall thickness of 11 mm of stainless steel. The first batch of 18 taps,…Details
June 29 marked the end of three auctions for the sale of real estate properties owned by insolvent KVV Liepajas metalurgs. On May 30 the company’s administrator Vita Dika announced three auctions. The total value of auctioned properties reached EUR 262,000. Auction prices were not applied with VAT. The enforcer was Citadele Bank and other…Details
In January-May Ukraine produced 7.72 million tons of rolled metal, up by 11% YoY. Some 6.43 million tons, or 83.2%, were exported. Domestic customers received 1841.8 thousand tons of rolled metal, including 545.8 thousand tons, or 29.6%, imported. In January-May 2017 the share of imported rolled metal was 27.3%. Semi-finished products accounted for 42.2% of…Details
The Stepnaya mine of the DTEK Pervomayskoye Mine Group has commissioned the long face No. 175. Some 800 thousand tons of coal will be mined from the new long face in 10 months. The cost of repair and purchase of new machinery reached 153 million UAH. (Ukrainian metal)Details
Norilsk Nickel shareholders at the annual meeting have set financial dividends for 2017 in the amount of 607.98 rubles per share, or 96.2 billion rubles total. Taking into account the interim dividends for H1 2017 ($600 million), the total amount will reach $2.162 billion. Last year the company net profit dropped by 16%, to $2.123…Details
Yakutia intends to create a priority development area on the territory of Ust-Tanskiy, Oimyakonsky and Tomponsky districts. The project will attract over 27 billion rubles of private investments and create some 1700 jobs. 4 anchor investors plan to mine and process tin ore, as well as precious metals ore and sands. The new PDA could…Details
Rise LLC, which develops alluvial gold deposits in Magadan region, has already obtained 150 kg of precious metal since the start of the washing season. This year operations started in the first half of May. The company is operating at two sites on the Pravaya Vizualnaya brook and the Nelgyu River. This season it is…Details
Rotek has started assembling the transformation substation at the Kekura gold deposits in Chukotka Autonomous District ahead of schedule. The commissioning of the power machinery is scheduled for late 2018. The transformer substation will be providing the gold-extracting enterprise with electricity for 30 years. Kekura is developed by a Highland Gold subsidiary. (Ukrainian metal)Details
In May Russia produced 6.23 million tons of steel, up by 6% YoY (5.877 million tons), while in April the output totaled 6.03 million tons. In January-May steel output grew by 2% YoY, to 30.027 million tons. Ukraine increased steel manufacture by 2.9% YoY, to 1.695 million tons, while in April it produced 1.721 million…Details
Proizvodstvo polymetallov (Polymetal manufacture), the subsidiary of Uralelectromed, has commissioned the coke deck of the railroad shop after repair. Its length is 113 meters and height – 8 meters. The coke deck is an important transportation unit of the manufacture. The cost of the project is 4 million rubles. (Ukrainian metal)Details
The miners team Aleksandrovskaya-1 LLC, which extracts alluvial gold in Amur region, has already obtained 60 kg of gold this year. The company is operating at two deposits – Djalon and Djuvaskit. This year the team plans to obtain 180 kg of alluvial gold, up by 75% YoY. (Ukrainian metal)Details
Kyshtym Electrolytic Copper Plant has started assembling metal structures, which will later serve as the basis for the new Luhr Filter filtering machinery to purify gases of the Maerz furnace. The new machine will trap both solid and gaseous impurities. The gas-purification rate will reach 99.9%. The commissioning of the filter is scheduled for this…Details