Ukraine: new owners of Kondratyevsky Refractory Works named

4 individuals have acquired 99.5% of Kondratyevsky Refractory Works shares. In particular, Sergey Petrov, Hennady Lobanov and Dmitry Stepanov as well as another individual have purchased 24.898%, 24.93%, 24.78% and 24.9% of shares respectively. Petrov is the supervisor board chairman, and both Lobanov and Stepanov its members. In 2016 the works received 10 thousand UAH…

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Ukraine: Kremniypolymer and ZTMK owe 0.5 billion UAH for electricity

In addition to increasing debts, Kremniypolymer and Zaporozhye Titanium and Magnesium Works keep on stocking hazardous materials and cooperating with Russia. “As of today their total debt to the regional power generating company exceeds 500 million UAH. They also increase stocks of hazardous materials. In particular, Kremniypolymer increased ammonia and chlorine stocks by 60 tons”,…

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Russia has enough coking coal for 25 years

Russia has enough coking coal for 25 years, the minister of energy Alexander Novak declared.

“Industrial stocks of operating enterprises as of January 1 totaled 1.183 billion tons. Last year we mined 43.694 million tons. Thus we have enough coking coal for 25 years”, he said. (Ukrainian metal)

Russia: OMK to receive Danieli machinery

United Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…

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Russia: Ural Steel repairs casting machine No. 3

Ural Steel, a part of Metalloinvest, has in advance finished the scheduled capital repair of the furnace shop casting machine No. 3.

The shop operates 5 casting machines. Each of them undergoes an overhaul every three years according to the schedule. Repairmen have 30 days to conduct all the work. (Ukrainian metal)

Russia: Mechel IFRS net profit up in Q1 2017

The net profit of Russian metals and mining group Mechel, attributable to shareholders, jumped to 13.902 billion rubles in January-March from 312 million rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 31. Consolidated revenue increased by 24%, to 77.414 billion…

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Russia: Rusal saves on electricity consumption

In January-April Rusal saved 25.56 million rubles by decreasing electricity consumption. The company is one of the developers and initiators of implementation of a new mechanism in electricity consumption in Russia and the only company to participate in the program of the price-dependant decrease of electricity consumption, having joined it in 2017. The mechanism presupposes…

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Kyrgyzstan: gold bars of Kara-Balta refinery meet international standards

Gold bars of Kara-Balta refinery meet international standards. This is confirmed by a special LBMA certificate issued to the enterprise. As the press service of Kyrgyzaltyn OJSC reported, the refining plant has successfully passed certification according to LBMA standards (London Bullion Market Association). The document confirms that, since 2016, the production at the refinery has…

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