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The Antimonopoly Committee of Ukraine has punished the TAS Group of Companies belonging to Sergey Tigipko for 55 million UAH for buying Dneprometiz without the committee’s consent. The committee has studied the case of TAS taking control of Dneprometiz and violating the competitiveness legislation. Thus, the committee has denied Tigipko buying Dneprometiz. Severstal sold Dneprometiz…
DetailsEquipment is being moved out of the uranium deposit, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev announced today at the meeting of the Parliament. According to him, all work on the field is suspended. Machinery will be removed in the coming days. The First Deputy Prime Minister Kubatbek Boronov left for Issyk-Kul region. He will…
DetailsChelyabinsk Iron and Steel Works increasing volumes of blast furnace dust – the main type of metallurgical waste. The dust is collected and reused in the manufacture of sinter, the main raw material to produce pig iron. Blast furnace dust contains some 40% of iron. In order to process the dust ChMK has commissioned a…
DetailsVerkhnevolzhsky Service Metal Center in Ivanovo region with the help of a loan of 209.9 million rubles from the Fund of the industry development intends to master the technique to apply hot-rip galvanizing to metal wares. The company will provide such services to other customers, as well as galvanize its own products. The cost of…
DetailsUralelectromed has started laying concrete for the foundation of the third stage of the copper electrolysis shop. At present the constructors are making the foundation with the thickness of 1600 mm. So far, 40% of necessary concrete has been poured into the pit. The foundation construction is scheduled to be completed in June 2020. The…
DetailsGold, silver and palladium prices increased in Azerbaijan on April 25 compared to the prices on April 24. Thus, the price of gold grew by 9.52 manats, to 2,168.5455 manats per ounce . The price of silver went up by 0.1473 manats, to 25.3405 manats per ounce. The price of platinum fell by 6.8255 manats,…
DetailsIn January-March, Polymetal increased output by 27% YoY, to 374 thousand ounces of gold equivalent. Gold manufacture grew by 41%, to 302 thousand ounces, while that of silver dropped by 15%. The share of gold in the overall output of the group totaled 81%. Revenue increased by 28%, to $454 million, mostly due to the…
DetailsStoilensky, a part of NLMK Group, has produced its 15-millionth ton of pellets since the launch of its pelletizing plant. Launched in November 2016, the pelletizing plant has a design capacity of 6 million tons of pellets per year. In 2018, the plant reached the production capacity of 6.7 million tons of pellets (+12% YoY).…
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