Business Armenia has signed a Memorandum of Understanding with ARGA-Eurosteel on the investment of $850,000 and the construction of a new factory for the production of equipment from stainless steel. The document was signed by the Business support team leader at Business Armenia Hayk Mirzoyan and ARGA-Eurosteel CEO Garen Salkhanian. According to the MOU, Business…Details
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Centerra Gold Inc. has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date under the Strategic Agreement originally expired on April…Details
Zaporizhstal has put into operation a new 5-section cooling tower, produced in Israel. Investments in the project totaled 40 million UAH. The new tower will decrease water intake from the river Dnepr by 4.8 million cubic meters per year. Electricity savings will reach 1 million kW-h. Since 2012 Zaporizhstal has spent 8.8 billion UAH on…Details
Interpipe has certified its compressor-pump pipes with thread joints UPM-J according to the highest gas-proof requirements CAL IV (Connection Application Level) of the ISO 13679. “The certification according to ISO 13679 CAL IV is very important, as the pipes are used in the shafts many times. We are expanding the range of premium solutions for…Details
In January-May, according to the customs statistics, Russia imported 6.56 thousand tons of corrosion-resistant steel from Ukraine valued at $29 million. This is down by 27.3%, but up by 3% YoY respectively. Bars account for some 80% of deliveries. At the same they decreased by one third. Seamless pipes accounted for 1 thousand tons, down…Details
In January-June Khabarovsk region obtained 9871 kg of gold, up by 8% YoY. In particular, Resursy Albazino LLC mined over 3500 kg of gold, Svetloye GOK – 1600 kg and Okhotskaya Mining and Geological Company – 500 kg. All the three companies are parts of Polymetal. Silver output reached 24961 kg, down by 9% YoY.…Details
Since the start of cooperation with Gazpromtrubinvest, Severstal has supplied the company with over 2.1 million tons of metal products. Severstal ships hot-rolled coils to the company, which are then used to produce electric welded oil and gas, compressor-pump and casing pipes with the diameter of 60-426 mm. In particular, in 2017 metal deliveries reached…Details
In January-June NLMK produced 6.49 million tons of steel, up by 3% YoY. Pig iron output totaled 6.15 million tons, up by 7%. Galvanized rolled metal manufacture grew by 19%, to 424 thousand tons. Transformer steel output reached 54 thousand tons, up by 28%. In June the 2000-mill set a daily output record of 20.78…Details
In May Turkey imported 83 thousand tons of pig iron, up by 89.2% YoY. In January-May imports reached 644 thousand tons, up by 113.5%. Russia supplied 418 thousand tons of pig iron, up by 178.53% YoY and Ukraine – 154 thousand tons, up by 58.45%. Deliveries from Brazil totaled 53 thousand tons, up by 525.43%.…Details
Severstal has suspended deliveries of metal to Iran this year without stating terms or reasons. According to the company statement, earlier in the year it delivered inconsiderable volumes of metal to Iran. The company did not name the precise volume of deliveries, or the time frame of the suspension, and did not comment on the…Details
Belarusian specialists are busy doing geological prospecting work for the sake of gold extraction in Sudan, Belarusian Deputy Natural Resources and Environmental Protection Minister Andrei Khmel reported on July 19. The agreement on inviting Belarusian specialists to search for and extract gold in Sudan was reached as Belarus President Alexander Lukashenko visited the country. “A…Details
Results of the work to find gold, copper, platinum, and uranium ore in Belarus were revealed by Vasily Kolb, Deputy Head of the Central Office for Natural Resources, Head of the Geology Office of the Belarusian Natural Resources and Environmental Protection Ministry, at a press conference on July 19. According to the source, work to…Details