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In 2017-2018 the United Mining and Chemical Company bought special machinery worth 195.9 million UAH. In particular, for its subsidiaries of Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works it purchased 47 units of machines, including 24 special machines, and 17 cargo and passenger machines. Volnogorsk Works saw the largest machine park…
DetailsThe prices of the main precious metals varied in Azerbaijan on July 6, according to the data published by the Central Bank. The cost of gold increased by 0.085 manats, to 2133.8825 manats per ounce compared to the price on July 5. The cost of platinum increased by 5.1425 manats, to 1434.8255 manats. The cost…
DetailsThe electricity supplier has cut the state enterprise Volynugol mines off grid because of the debt. “Since the second shift on July 4, the Regional Electric Networks has stopped supplying electricity to the Volynugol mines”, Mikhail Volynets, chairman of the Independent Miners Union of Ukraine, wrote on his Facebook page. According to him, the regional…
DetailsIn 2017 Rusal Armenal received 49.7 billion drams, up by 31.5% YoY. The company gross profit grew by 67.5%, to 6.031 billion drams. Assets increased by 2.6%, to 46.7 billion drams. The company liabilities dropped by 1.1%, to 36.5 billion drams. The foil-rolling plant Rusal Armenal in the city of Yerevan was created by Rusal…
DetailsTaking into account the Lysva Iron and Steel Works capacities, the MMK share of the coated rolled metal market could reach 30%. In June LMZ sold 35 thousand tons of polymer-coated metal, which became a historical record. This year Lysva Works intends to sell 280 thousand tons of metal. So far 110 thousand tons have…
DetailsIngulets Mining and Processing Works has shipped the first batch of iron ore premium quality concentrate to a metal company in Mexico. According to the company CEO Alexander Gerasimchuk, the delivery to Mexico allows InGOK to expand sales markets. “Our products are sailing to the customers. The interest of foreign companies proves that InGOK is…
DetailsThe United Mining and Chemical Company has transferred 332.6 million UAH of dividends for 2017 to the state budget, having set another record. According to the company statement, last year it paid 321.8 million UAH of dividends for 2016. “For the fourth year in a row our company remains a socially responsible taxpayer, annually increasing…
DetailsSeverstal has finished the record-long series of steel pouring from one ladle at the continuous casting machine of the Cherepovets Iron and Steel Works. The ladle carried out 200 pourings. The duration of the continuous pouring process was 166 hours and 22 minutes. The ladle has poured 24.8 thousand tons. The previous record was 158…
DetailsThe Russian Copper Company and the National prospecting company Kazgeologia have signed a memorandum of cooperation in seeking out and developing non-ferrous and polymetallic ore deposits on the territory of Kazakhstan. “RCC has been operating in Kazakhstan for almost 15 years. We see the interest of the authorities in the cooperation development with Russian companies.…
DetailsUp to 1 thousand miners are striking near the building of the Verkhovnaya Rada demanding their salary debts to be cleared. They make noise by hitting their helmets on the road. They also carry banners with the inscription of “We do not demand what is not ours. We have come for our salary”, “Give us…
DetailsMetinvest has won the golden medal of the SAP Quality Awards 2018 for the best innovation project in Central and Eastern Europe. Metinvest participated in the competition for the first time. The group project “Coal-coke-pig iron” was nominated in the innovation category. The group specialists have developed and implemented the system to plan the through…
DetailsHaving prohibited the exports of scrap from the main Far East ports for 6 months to help Amurmetal with raw materials, the government can now take similar measures to help Abinsk Electrometallurgical Works (AEMZ). The Ministry of industry and trade intends to hold a meeting on providing AEMZ with raw materials. The authorities of Krasnodar…
DetailsMagnitogorsk Iron and Steel Works (MMK) won the XV industry competition titled “Metal and Mining Enterprises with Highly Effective CSR”. The competition participants were 61 metal and mining enterprises. For the second year in a row, MMK is amongst the winners in the category “Environmental Protection and Resource Management”. MMK’s investments in environment protection last…
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