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The shares of Rusal at the opening of trade at Hong Kong stock exchanged fell by 6%. Rusal is preparing to decrease output because of the US sanctions. The term of business operations with Rusal expires on October 23. Deripaska’s representatives are in constant contact with the Department of Finances, but there is no evidence…
DetailsUkrainian journalists tracked down former employees of the Crimean Titanium plant, who explained why a chemical disaster occurred. The reason lays in grave violations of the technology process to dispose of hazardous substances – leftovers of titanium production. “For three years, hydrolysis acid has been drained into settling reservoirs in full violation of technology,” ex-worker…
DetailsThe prices of precious metals increased in Azerbaijan on September 11, according to the data published by the Central Bank. The price of gold grew by 1.4535 manats, to 2,029.7575 manats per ounce on September 11, compared to the price on September 10. The price of silver went up by 0.0665 manats, to 24.0502 manats…
DetailsRussian metals producer Norilsk Nickel has launched a $2.5-billion environment protection initiative Sulphur Project at one of the two planned facilities, the company said. The project was started on the Medny plant and will later be launched at the Nadezhdinsky smelter. (Prime/Ukrainian metal)
DetailsRussia’s Economic Development Ministry expects aluminum producer UC RUSAL to finish registration in a special administrative region in October, Minister Maxim Oreshkin declared on the sidelines of the Eastern Economic Forum on September 11. “The law will come into force soon, now all bylaws are being prepared, there will be some adjustments including legislative adjustments.…
DetailsChina Minmetals Corporation subsidiary has asked the Arbitrary court of Chelyabinsk region to recover the debt from Chelyabinsk Iron and Steel Works under the contract to construct the rail and beam mill. The Chinese company is claiming $16.69 million and interest. At the same time ChMK has filed a counter claim because of the bad…
DetailsKyshtym Electrolytic Copper Plant has assembled the main equipment of the LUHR gas filter. It is used to purify gases of the main copper-smelting machine of the company – the MAERZ furnace. The filter is expected to be commissioned this year. The cost of the project is 200 million rubles. (Ukrainian metal)
DetailsPresident of Nornickel Vladimir Potanin has visited the deepest mine of the company, which is also the deepest in Eurasia, – the Skalisty Mine at the depth of 2056 meters. The Skalisty project is estimated at 134 billion rubles. Last year the mine yielded 1.9 million tons of ore, and this year 2.2 million tons…
DetailsOn September 7 Electrozinc shut down its zinc manufacture to carry out annual repairs. Until the end of the month all the machinery will be checked, cleaned and repaired. Some 1 thousand employees are participating in the work, both contractors and shop workers. The main object of the repair is the sulfur acid shop. The…
DetailsAlexander Popov has been appointed the CEO of Bystrinskoye Mining and Processing Works effective as of September 3. He has previously worked in Kuzbassugol, Vorkutaugok, Olkon and Krasniy Kotelschik. The ex-CEO of BGOK Vladimir Nakivayko has been working at Nornickel enterprises for 25 years. (Ukrainian metal)
DetailsThe Titanium Investments LLC subsidiary in the town of Armyansk, in the north of the Russia-occupied Crimea, the manufacturer of titanium dioxide, has shut down all of its 8 furnaces. “The last furnace was shut down on September 9”, the company deputy CEO Andrei Dogadov said. According to him, the water used in the manufacture…
DetailsRushydro has taken a pause in entering the Taishet Aluminum Project of Rusal. “There is a pause, not only on our behalf, but also on behalf of our colleagues, the banks. They have to settle the project financing based on their own vision of what’s going on”, Rushydro chairman Nikolay Shulginov said. “Taking all the…
DetailsEnergomashspetsstal has produced equipment for the fourth power unit of the Kudankulam nuclear power plant. According to the company station, a representative of the Nuclear Power Corporation of India visited the works to check the equipment. “The EMSS specialists have produced the tube for the main reactor coolant pipe with the diameter of 1130×65. The…
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