Sergey Rozhok has been appointed the financial director of Zaporizhstal. Previously he has worked for PWC and Syngenta. According to the company statement, his task is to improve operational efficiency of the enterprise, strengthen the company positions on the market and continue implementing the program of environmental modernization. Natalia Mikhayskaya, who has been acting financial…Details
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The employees tax police of the State Fiscal Service have seized 1.8 thousand tons of illegally mined coal valued at over 5 million UAH. The coal has been seized and arrested under the criminal case on the illegal mining on the territory of Lugansk region. The investigation is underway. (Ukrainian metal)Details
In January-September Zaporizhstal produced 3.102 million tons of steel, up by 5.8% YoY. According to the company statement, pig iron manufacture grew by 21.1%, to 3.318 million tons, while that of rolled metal – by 9.8%, to 2.709 million tons. In September Zaporizhstal produced 385.2 thousand tons of pig iron, 352.4 thousand tons of steel…Details
Rostech has concluded an agreement to leave the project of the Udokan copper deposits development in Zabaikalye district. The state corporation had the option to sell 25% in the project by 2019. Back in June the corporation chairman Sergey Chemezov stressed that it might leave Udokan. Now Rostech explains the decision with the “optimization of…Details
European Commission has started an antidumping investigation of the imports of hollow sections, welded pipes and pipe products from Russia, as well as Macedonia and Turkey. Linear pipes used in oil and gas pipelines as well as casing pipes are not subject to investigation. The investigation will cover the time frame from July 1, 2017…Details
Russian aluminum giant UC RUSAL has nothing to do with the government’s initiative to expand the sales of beer in aluminum cans and called the suggestion absurd, the company said in a statement on October 1. Earlier Kommersant business daily reported that the Industry and Trade Ministry had prepared a bill to lift the 2013…Details
The Industry and Trade Ministry suggests lifting a ban on the sales of canned beer through stands and kiosks and cancel a prohibition on the sales of beer at night to help the sanction-hit business of tycoon Oleg Deripaska, according to a bill written by the ministry. An explanatory note to the bill says that…Details
Prices of gold, silver and platinum increased, while the palladium prices decreased in Azerbaijan on October 1, according to the data published by the Central Bank. The price of gold went up by 8.0325 manats, to 2,020.093 manats per ounce on October 1, compared to the price on September 28. The price of silver grew…Details
Geophysical work has been completed on an area of 10 square kilometers in the northern part of the Azerbaijan’s Chovdar gold deposit, the Deputy Chairman of the Board of Azergold CJSC Ogtay Mammadov declared. “Next year geophysical work will be carried out on an area of 11-12 square kilometers on the slopes of Mount Kapaz.…Details
Companies of businessman Vladimir Lisin including steelmaker Novolipetsk Steel (NLMK), shipping operator UCL Holding and its part Freight One are ready to invest 28.6 billion rubles in development of own transport infrastructure. NLMK is the national railroad operator Russia Railways’ fourth largest client in volume terms and fifth largest in monetary terms. In 2017 it…Details
In August Russia produced 6.17 million tons of steel (as in July), down by 0.1% YoY. In 8 months steel output reached 48.264 million tons, up by 1.9% YoY. Ukraine, which has already left CIS, decreased steel production in August by 3.7% YoY, to 1.786 million tons (1.815 million tons in July). At the same…Details
The Azerbaijani closed joint stock company Azergold intends to produce 45,000 ounces of gold till the end of this year, Deputy Chairman of Azergold’s Board Ogtay Mammadov reported. Mammadov made the remarks during the media tour aimed at reviewing the work conducted at the Chovdar field. “Since early 2018, 33,000 ounces of gold have been…Details
Chairman of Severstal Alexei Mordashov and the governor of the Belgorod region Yevgeniy Savchenko have discussed issues of the development of Yakovlevo Mining and Processing Works. Mordashov presented the development program for 2018-2023, which presupposed the increase of ore output more than 5-fold, from 878 thousand tons to 5 million tons. This year the output…Details