Lermontovsky Mining and Processing Works intends to resume operation on April 25, when the new machinery has been tested. Since the start of the year, the company has already shipped 51 tons of tungsten. Last year Lermontovsky GOK received a subsidy from the state (250 million rubles) to resume activities. The company purchased new machinery,…Details
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In 10 years Sredneuralsky Copper Works has processed over a quarter (26%) of metal slag, accumulated during 78 years of operation. According to the SUMZ chief environment engineer Marina Sycheva, each year the processing factory produces over 60 thousand tons of copper concentrate, which the works uses in its manufacture. Another product of slag processing…Details
In 2017 Russian Copper Company enterprises paid over 3 billion rubles to the budget of the Chelyabinsk region, up by 50% YoY. Budgets of all levels received 5.6 billion rubles, up by 40% YoY. In 5 years the tax payments of RCC companies to the Chelyabinsk region budget increased 4-fold. Last year the enterprises invested…Details
The supervisory boards of Azovstal, Mariupol Ilyich Iron and Steel Works, Zaporozhogneupor and Zaporozhkoks, all parts of Metinvest, have extended the offices of their CEO – Enver Tskitishvili, Taras Shevchenko, Sergey Gorman and Vitaly Litovka respectively – for one more year. The decisions were taken on April 2. The offices have been prolonged from April…Details
The supervisory board of Dneprovsky By-Product Coke Plant has fired Pavel Rafalskiy from the office of the general manager of the company, appointing Yevgeniy Didus, the CEO of the Inkor and Co, a part of Metinvest, instead. The decision was taken on April 2. The office of Rafalskiy expired on April 2, while Didus was…Details
The Eurasian Economic Commission has extended the antidumping duty on cold-deformed seamless stainless pipes supplied to the territory of the Union from China and Malaysia. The duty has been prolonged for the duration of another investigation – through January 18, 2019. The volume of the duty is 19.15% of the customs cost. (Ukrainian metal)Details
The prices of the main precious metals vary in Azerbaijan, according to the data published by the Central Bank. The cost of gold increased by 15,079 manats, to 2275,416 manats per troy ounce compared to the price on April 2. The cost of silver increased by 0.2318 manats, to 28.1628 manats per ounce. The cost…Details
Rosterminalugol JSC, the largest dedicated coal port in the European part of Russia, handled 5.02 million tons of coal in January-March, up by 2.4% YoY. Amid challenging ice conditions the terminal handled 71 vessels with average daily handling totaling 70,700 tons (up by 13.7%). In the first quarter of the year, coal unloading at the…Details
Kamensk-Uralsky Iron and Steel Works is commissioning the second stage of the rolling complex. The commissioning is carried out according to the schedule. The project will provide the manufacture of qualitatively new semi-finished products and increase the share of Russian wares of aluminum-lithium alloys in the total volume of supplies both to major local and…Details
The working group of the Zaporozhye region state administration has carried out checks of the local companies dealing with metal processing, as well as their collection centers and manufacturing sites. 13 enterprises were checked. Of them only one – Razvitiye-SV – corresponded to all the legislation norms. The Khormet company will be checked again. At…Details
In March railroad cargo transportation increased by 3.1% YoY, to 112.4 million tons. In Q1 transportation grew by 3.5%, to 315.7 million tons. In particular, in three months railroads carried 94.3 million tons of coal, up by 3.6% YoY, 27.2 million tons of iron and manganese ore (+2.5%), 19.8 million tons of ferrous metals (+10.8%),…Details
In 2018 Neryungry-Metallik LLC will invest some 2 billion rubles in development and machinery modernization, up by 22% YoY. In particular, 990 million rubles will be spent to support and develop manufacture, including 570 million on capital repairs. Prospecting will receive 130 million rubles. Last year the company operated at three deposits: Gross, Tabornoye and…Details