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…
DetailsFirst Deputy CEO and CCO of Port Management Company LLC Irina Olkhovskaya and General Director of Management Company of First Heavy Haul Company Vladimir Sosipatorov have signed a Memorandum of Cooperation to develop the innovative technology for heavy haul freight application on railway network: heavy haul 27-ton axle load railcars. The agreement was signed on…
DetailsThe prices of main precious metals varied in Azerbaijan on May 24, according to the data published by the Central Bank. The cost of gold increased by 4.8535 manats, to 2201.9335 manats per troy ounce compared to the price on May 23. The cost of silver decreased by 0.1883 manats, to 27.9596 manats per ounce.…
DetailsIn January-March Uzbekistan Iron and Steel Works received 83.5 billion sums of net profit, up 6.5-fold YoY. Net revenue from sales grew 3-fold, to 872.7 billion sums, and gross profit – 3.1-fold, to 241.4 billion sums. The works was commissioned in 1944. In 1994 after the merge with the Shirin Machine-Building Works and the Vtorcherment…
DetailsIn March Russia imported 26.7 thousand tons of ferrous scrap from Kazakhstan, up by 20.2% MoM, but down by 19.6% YoY. In February the results were -3.1% and +40.6%, while in January –62.6% and –40.3% respectively. In January-March imports totaled 72 thousand tons, down by 34.1% YoY. (Ukrainian metal)
DetailsIn January-April Tajikistan mined some 268 thousand tons of coal. According to the Ministry of industry and new technologies, preliminary needs of industrial enterprises in coal in 2018 amount to 920 thousand tons, of budget organizations – 57.2 thousand tons, heat and thermal power plant Dushanbe-2 and boiler houses – 1.245 million tons. So far…
DetailsTALCO Gold plans to construct a precious metals extracting and processing works in the north of Tajikistan. Construction is expected to have been completed by the end of 2019. Around 1 thousand jobs will be created. TALCOo Gold is a part of Talco. The latter received the gold deposits on the territory of Aynin district…
DetailsSinarsky Pipe Works has for the first time produced pipes with the Q135 and Q125 strength and additional requirements to cold-resistance. In full accordance with the customer’s requirements the company has produced pipes, which can be used at the temperature of -60 degrees C. The pipes will be used in oil and gas condensate deposits…
DetailsEven though aluminum consumption per capita is lower in Russia, than in EU, in 2017 Russia claimed the first place in aluminum consumption growth (by 10%) as a whole and primary aluminum (by 11%) in particular. The main drivers of consumption growth are construction, car manufacture, and machine-building. Combined they will soon account for 80%…
DetailsDuring the St. Petersburg International Economic Forum, ChtPZ Group and SAP CIS have concluded a memorandum of cooperation in digital transformation. According to the document, in 2018-2025 ChTPZ plans to unify and increase efficiency of its business processes with the help of a unified system on the basis of SAP S/4HANA. “Digital transformation is a…
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