AzerGold is looking for a contractor to carry out prospecting drilling. According to the company statement, the selection will be based on the results of an open tender. The cost of participation is 250 manats. The company accepts offers until April 13. The tender will be held on April 16. AzerGold was created on February…Details
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In January VSMPO-Avisma manufacturing plan was 102.17% fulfilled. According to the company manufacturing director Oleg Ryabov, the shops Nos. 1, 20, 31, 37 and 38 coped with the task the best. Not even long New Year holidays prevented them from reaching the target. (Ukrainian metal)Details
In 2017 KAZ Minerals gross income from sales grew 2-fold YoY, to $1.938 billion. “The increase mainly has to do with the growth of Bozshakol and Aktogay input of $439 million and $462 million respectively, on the background of the strengthening market”, the group said in a statement. The gross income from the sales of…Details
In 2017 Russia increased metal exports to Ukraine by 9.3% YoY, to 602.3 thousand tons. According to the customs statistics, money-wise exports increased by 42.1%. These are the highest results since 2014. Flat rolled metal accounted for 46% of all exports, up by 14.3%. Sections exports grew by 0.5% to 40%. Steel pipes accounted for…Details
The state enterprise Pervomayskugol has ordered Erlite LLC the delivery of rubber conveyer belts valued at 78.94 million UAH. In particular, the enterprise has ordered 25450 meters of belt produced by Kursk Factory of Technical Fabrics (Russia). In late December 2016 Erlite supplied conveyer belts to Selidovugol at prices 23-26% lower. The goods have to…Details
Within the framework of the Industrialization Map 7 projects to the amount of KZT 95 billion were launched in 2017, governor of Akmola region Malik Murzalin informed. In particular, KazakhAltyn concern launched 3 gold recovery factories with total capacity up to 4 tons of gold a year. (Kazinform/Ukrainian metal)Details
The budget funds earlier provided to Arcelor Mittal may be withdrawn, Vice-Minister of National Economy of Kazakhstan Bauyrzhan Bekeshev said during the enlarged meeting of the Committee for Economic Policy, Innovative Development and Entrepreneurship of the Senate. The topic of the discussion was the bill on “Ratification of the agreement of voluntary reconciliation between the…Details
Irshansk Mining and Processing Works has ordered Imex Minerals LLC the delivery of lime carbonate valued at 29.74 million UAH. This year the company will supply 2950 tons of soda ash at 10080 UAH per ton. Earlier VostGOK bought soda ash from another company at 7901 UAH per ton, or 25% cheaper. In April 2017…Details
The supervisory board of the Severniy Iron and Steel Works has relieved Pavel Timoshenko of his duties as the general manager. The acting CEO of the company is now the Metinvest Holding mining assets director Andrey Skachkov. Timoshenko was dismissed on February 19, while Skachkov was appointed from February 20. Timoshenko has been the SevGOK…Details
In 2017 Uralcable produced 102 thousand km of car cable. In 2016 the output was 73 thousand km. The growth of output has to do with the improvement of technological effectiveness and the automatization of manufacturing processes. “This year we intend to increase output first and foremost due to the replacement of machinery. In H2…Details
Oleg Deripaska intends to become the president of Norilsk Nickel. According to a source, it is because of the Nornickel plans that Deripaska has left the president seat in Rusal and En+. “The experience of cooperating with Vladimir Potanin shows, that only changes in the balance of power could provide for the maximum growth of…Details
The net profit of Rusal in 2017 increased by 3.6% YoY, to $1.222 billion. According to the company statement, EBITDA grew by 42.4%, to $2.12 billion, while revenue increased by 24.9%, to $7.224 billion. The company net debt as of December 31, 2017 was $7.649 billion, down by 9.2%. Rusal accounts for around 7% of…Details
The Eurasian Development Bank (EDB) and Bogatyr Komir Company signed a loan agreement to finance Bogatyr Komir’s investment program aimed at modernizing coal production processes at the Bogatyr mine, the press service of EDB said in a message. The document was signed by Andrey Beliyaninov, Chairman of the Management Board, from the EDB, and Murat…Details