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Magnitogorsk Iron and Steel Works (MMK) has signed a contract with ETM on supply of electrical equipment. The contract allows MMK to order equipment directly through the ETM iPro Internet platform, which will significantly save procurement time and increase the efficiency of the company’s supply system. The agreement with one of Russia’s leading professional distributors…
DetailsMagnitogorsk Iron and Steel Works (MMK) saved 500.9 million rubles in 2018 through the use of a mathematical model to optimize the delivery and consumption of coal. These savings were achieved by improving the structure of coal charge and the quality of coke. This model is part of MMK’s large-scale digitalization strategy. The program is…
Details“A gold processing mill with a capacity of 5 million tons a year will be built soon in Burabay district, Akmola region,” deputy governor of Akmola region Marat Igaliyev announced. RG Gold Company is developing the Raigorodok gold ore field in Akmola region. It is situated along the big gold ore belt not far from…
DetailsUkraine in January-May increased by 1.3% YoY, to $1.265 billion, expenditures to cover hard coal and anthracite imports, the State Fiscal Service reported. According to the latest stats, over the reporting period, some 9.1 million tons of coal have been imported. The largest suppliers remain Russia, the United States, and Canada. Coal imports from Russia…
DetailsA draft law on prohibition of activities related to the geological survey of the subsoil for prospecting, exploration and development of uranium and thorium deposits in Kyrgyzstan was submitted to the Parliament. The document was initiated by the MPs Altynbek Sulaimanov, Almambet Shykmamatov, Kanat Kerezbekov, Myktybek Abdyldaev, Baktybek Turusbekov, Dastan Bekeshev and Altynbek Zhunus uulu.…
DetailsManson Group LLC has transferred $1 million for the implementation of Makmal Gold Company LLC project, Kyrgyzaltyn OJSC reported. The financing is carried out according to the agreement on joint activities. In addition, the procedure on transfer of the assets of Kyrgyzaltyn OJSC in the branch of Makmalzoloto Combine to the authorized capital of the…
DetailsInterros holding Russian tycoon Vladimir Potanin and aluminum giant UC RUSAL of tycoon Oleg Deripaska are not discussing any adjustments to the dividend policy of metals giant Norilsk Nickel, a source in Interros reported. “There was a suggestion from Interros, but it did not satisfy some of Norilsk Nickel’s shareholders. The issue is not discussed…
DetailsIn January-May Ukraine exported 389.882 thousand tons of ferroalloys, down by 0.6% YoY, valued at $427.560 million, down by 5.8%. According to the State Fiscal Service, the main customers were Turkey (17.18%), Italy (16.21%) and the Netherlands (9.4%). In 5 months Ukraine imported 19.378 thousand tons of ferroalloys, down by 10.4% YoY, valued at $62.109…
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