The Federal Antimonopoly Service of Russia has rejected the offer of the Pipe Metallurgical Company to buy 100% of the “Tekhnologii bureniya” Company, owned by Hilong Energy (China). The FAS believes the deal will limit competition on the Russian market of drilling pipes. TMK is the largest manufacturer of drilling pipes in Russia – in…
DetailsPrices of gold, silver and platinum increased in Azerbaijan on October 12, while palladium prices dropped, according to the data published by the Central Bank. The price of gold grew by 44.6845 manats, to 2,073.609 manats per ounce on October 12 compared to the price on October 11. The price of silver went up by…
DetailsIn 2003 Solway Investment Group (Sweden) purchased Pobuzhye Ferronickel Plant in Kirovograd region, and since then has invested some $200 million. According to Dan Bronstein, chairman of the board, investments went not only in the manufacture, but also in the educational and cultural spheres of the Pobugskoye town. “Now PFK is one of the most…
DetailsChelyabinskgeosyemka, a part of the state concern Rosgeologia, has fulfilled the prospecting works at the Oktyabrskaya field scheduled for Q3. The field is situated in the Chelyabinsk region. The reserves of the Karakulsko-Podovinnaya copper ore zone are 930 thousand tons of copper and 210 thousand tons of zinc. The resources of the Troitskiy molybdenum-tungsten ore…
DetailsIn January-September Rusolovo produced 958.9 tons of tin concentrate, up 1.5-fold. In three quarters the company has produced 631.3 tons of tin. The increase has to do with the growth of the company capacities. By the end of the year Rusolovo intends to have produced 1600 tons of tin concentrate. (Ukrainian metal)
DetailsThe pilot subdivisions of Cherepovets Iron and Steel Works have started selectively collecting waste. In early September containers for waste were put at some points of the manufacturing site. They are used to collect paper, cardboard and the plastic mix. In just one month the company has been able to submit for processing 6290 kg…
DetailsThe investment program of Russia’s Siberian Coal Energy Company (SUEK) will amount to 150-200 billion rubles through 2021, CEO Vladimir Rashevsky declared. “The investment program is constantly updated, and estimating very roughly 150-200 billion rubles is the amount of investment that we plan to make in the coming three years,” he said. About 70 billion…
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