Murmansk region will support the Norilsk Nickel investment project to reconfigure the manufacture at the Kola Iron and Steel Company valued at 25.7 billion rubles. According to the contract, signed by the parties, the project will cover 5 years (2018-2023) and all the Nornickel manufacturing sites in Murmansk region: Zapolyarniy, Nickel and Monchegorsk. As the…Details
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By 2020 it is expected to modernize all the metal-producing capacities at the Kirovsky Works and create an up-to-date highly technological enterprise to manufacture small batches of special steels and alloys for the defense, car, oil, power and engine machine-building, and space industries. The newly created subsidiary – the Laboratory of special steels and alloys…Details
In April Ukraine was able to reach the 13th place in the World Steel Association rating. China traditionally tops the rating with 76.698 million tons of steel produced in April, up by 4.8%. Ukraine increased steel output by 6% YoY, to 1.721 million tons. World steel manufacture in April grew by 4.1%, to 148.322 million…Details
Tajikistan plans to annually increase gold production by 6%. The authorities intend to put new capacities into operation in order to achieve this result. “An annual increase in gold production at 6% due to the commissioning of new industrial capacities and enterprises is envisaged for the period until 2030,” said the Strategy for the Development…Details
The project of a gold processing plant in Toguz-Toro district will be drawn up after consultation with the public and carrying out explanatory work with the local residents. This was announced during a meeting of representatives of GL Makmal Developing with the head of the State Agency for Environment Protection and Forestry, Abdykalyk Rustamov. According…Details
Volnogorsk Mining and Processing Works has ordered 62.49 million UAH worth of goods and services at the private e-site Rialto. Imex Minerals LLC has received the most orders for spare parts and CAT machines repairs, valued at 41.08 million UAH. Other companies got smaller orders. In particular, Electrontechservice LLC will supply 11.14 million UAH worth…Details
The Ministry of energy and coal industry reports that the state enterprise National Coal Company will begin full-scale operation in 2-3 months. According to the deputy minister Anatoly Korzun, the enterprise will optimize the structure of the coal industry management and considerably improve financial conditions of mines. The company will unite 19 state enterprises containing…Details
The board of directors of Norilsk Nickel has set the date for the annual shareholder meeting – June 28. The board has recommended to set dividends for 2017 on the level of 607.98 rubles per ordinary share ($9.8). The total volume to be spent on paying dividends is 96.2 billion rubles ($1.562 billion). Taking into…Details
Uralelectromed has demonstrated the highest quality of refined gold, having confirmed its international status of Good delivery. The status has to be confirmed by LBMA members every three years. Uralelectromed has been a member of LBMA since 2006. For three years UEM has been producing 10.5 tons of gold per year. (Ukrainian metal)Details
Evraz ZSMK has signed an agreement with Air Liquide to construct a new oxygen complex to supply air separation products for the technological needs of the company. The project will provide the works with the state-of-the-art machinery, 30% more energy efficient than the old one. In three years 2 blocks of air separation with the…Details
The Magnitogorsk Iron and Steel Works (MMK) is the largest supplier in Russia of rolled metal for the production of pipes and is constantly strengthening and expanding its cooperation with pipe producers, mastering new products that meet modern requirements. This position was announced at the 8th All-Russia Conference “Steel Pipes: Production and Regional Sales” by…Details
The PJSC Magnitogorsk Iron and Steel Works (MMK) won the 2018 Award of Excellence in Energy Management from the Clean Energy Ministerial (CEM), a high-level global forum that promotes policies and programs to advance clean energy. An independent panel of international experts selected only three organizations worldwide for this top honor in energy management. The…Details
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, has left the company’s board of directors to protect holders’ interests due to the U.S. sanctions, the company said on May 25 in a statement on the Hong Kong Stock Exchange. Earlier in May Deripaska left the board of directors of En+ Group, which…Details