The Commercial Court of Donetsk region has determined 4 amicable agreements between the fund Glori represented by the Investment Capital Ukraine LLC and Donetskstal. According to the agreements, Donetskstal has to clear its debts of 2.08 billion UAH to Glori within one month. The debts arose from loans received by the company in 2011-2012. (Ukrainian…Details
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DTEK Esko has carried out two energy-servicing projects at the Central Mining and Processing Works of Metinvest. According to the company statement, the modernization of 19 pumps will allow the works annually saving some 2.3 million kW-h of electricity valued at over 4 million UAH. This is provided for by 10 frequency converters and 7…Details
Chelyabinsk Zinc Works has started constructing an oxygen plant with the capacity of 10 thousand cubic meters per hour. The need to construct the plant originated from 1995, but only after the works entered the Ural Mining and Metallurgical Company could it implement the project. The plant is expected to be commissioned in late 2019.…Details
According to the forecast of the Ministry of economic development, in 2018 Russia will produce 61.5 million tons of rolled metal, up by 0.9% YoY. Exports are expected at the level of 28 million tons, up by 0.3%. Imports will grow by 1.4%, to 5.5 million tons, and local consumption – also by 1.4%, to…Details
Evraz Kachkanarsky Mining and Processing Works has celebrated its 55 anniversary. The company has created a museum on the site where the first mining control room and the first observation desk had been. In 1966 the KGOK started producing sinter, and from 1970 – pellets. In 2015 Evraz KGOK was the first Russian GOK to…Details
European Commission has prolonged the antidumping duties on the import of seamless pipes from Ukraine. The duty for Dnepropetrovsk Pipe Works is 12.5%, while for Interpipe – 13.8%. At the same time the Russian pipe manufacturers have been more severely hit. The duty for them is 24.1% for ChTPZ and 28.7% for TMK. (Ukrainian metal)Details
On September 10-21 the Ural-region department of Rostechnadzor carried out a scheduled inspection of Karabashmed. As a result 58 violations of legislation on industrial safety have been found. The company has been given time to remove the violations. (Ukrainian metal)Details
The State Committee for Energy, Industry and Subsoil Use changes the conditions for issue of licenses for the use of subsoil. From now on, the state will definitely participate in the projects. On October 3 the prime minister held a meeting on subsoil use and instructed within a week to develop new mechanisms for managing…Details
Prices of gold, silver and platinum increased, while the palladium price decreased in Azerbaijan on October 3, according to the data published by the Central Bank. The price of gold grew by 22.3465 manats, to 2,049.945 manats per ounce on October 3 compared to the price on October 2. The price of silver went up…Details
A new mining and processing works will be constructed in Kyzylorda region. The corresponding documents have been signed during the investment forum in London. The guarantee agreement was signed by Samruk Kazyna fund chairman Akhmetzhan Yesimov and sir Suma Chakrabarti of EBRD, while the construction agreement – by Tau-Ken Samruk national company chairman Kanat Kudaibergen…Details
Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…Details
ArcelorMittal Temirtau has completed a project to implement a high-tech system of rolling stock axles counting provided by Frauscher at the Uglerodnaya station. Investments in the project totaled 320 million tenges. The system will make the rolling stock movement safer and decrease maintenance expenses. In 2019 this system will be implemented at other railroad stations…Details
The state corporation Vnesheconombank has left the shareholders of the gold-extracting company Pavlik, which develops the deposits of the same name in Magadan region. The share of the bank in the company dropped from 9.9% to 0%. According to the bank the move was planned. VEB left Pavlik when it reached the design capacity of…Details