Russia’s Sual Partners of Viktor Vekselberg and Leonid Blavatnik may not complete a deal to buy a 12% stake in aluminum giant UC RUSAL from Mikhail Prokhorov’s Onexim Group, as difficulties have occurred. “The term of the deal’s completion is not clear,” sources said. “It may not take place at all,” a source close to…
DetailsIn January Ukraine imported coal and anthracite valued at $170.897 million. According to the State Fiscal Service, Russia supplied coal valued at $114.59 million, the United States – $24.856 million, Kazakhstan – $15.127 million, other countries – $16.324 million. Thus, in money terms imports of coal and anthracite last month grew by 61.3% YoY ($105.943…
DetailsMajor Chinese companies are interested in investing into copper deposits in the Volyn region. “The Zhirichi copper deposits have attracted attention of major Chinese companies. They’ve been aware of the deposits back in USSR. Now they want to construct a plant to produce cable, semiconductors and all the rest made of copper”, the Volyn regional…
DetailsUzbekistan has prepared the project on the construction of the new metal enterprise – Tashkent Iron and Steel Works. The investments will total 278 million euro. The construction could be finished in 2 years. The works is expected to receive equipment from Austria, Germany and Italy. The works will specialize in the production of rolled…
DetailsUralskaya Stal, a part of Metalloinvest, has started producing slag pots. The first trial pot for the pig iron manufacture of the company was produced in July 2016. The pot is still operating, even after 500 pourings. Metalloinvest buys 30 slag pots for its enterprises each year. Following the pot for the blast furnace shop,…
DetailsThe aviation industry demand for titanium will increase with the expansion of the usage of composite materials. Composites are widely used in the construction of the new generation aircraft, but corrode aluminum, the main metal in plane construction. But titanium is not affected by corrosion and combines well with composites. The first Boeing and Airbus…
DetailsPerfoGrad LLC, Voronezh, has produced a batch of perforated sheets for the construction of the Yekaterinburg Arena. In particular, the company supplied 2 thousand square meters of the perforated sheets for the technical premises of the stadium. The company intends to supply 5 thousand square meters more. PerfoGrad specializes in the manufacture of perforated metal…
DetailsIn 2016 Yanzoloto, working in Ust-Yansk in the Republic of Sakha (Yakutia), mined 150 kg of gold, having exceeded its annual target. The company expects the gold reserves at the site to increase by 2.5 tons. (Ukrainian metal)
DetailsIn 2016 Magnitogorsk Iron and Steel Works produced 12.7 thousand tons of galvanized pipes. This was a record result in the history of the shop No. 8. The previous record was set in 2013, when MMK produced 11.3 thousand tons of galvanized pipes. 2016 also saw the monthly record of pipe output – 1540 tons…
DetailsThe Avdiivka Coke and Chemical Works is still not operating because of the military activity. According to the company CEO Musa Magomedov, the repairmen were able to restore the electricity lines and bring energy to the town of Avdiivka. “The volumes of coke gas are not enough to heat both the batteries and the town,…
DetailsSeverstal announced details of its 2017 capital investment program, which highlighted its operational excellence and long-term competitiveness. In 2017 Severstal plans to invest approximately 43 billion rubles across the business. This investment will primarily focus on developing key areas of the company’s strategy including cost control, increasing production of high-value added products and enhancing safety…
DetailsThe working group created by the Ministry of energy and coal industry to investigate the state purchases by mining companies has called the management of the state enterprise Krasnoarmeyskugol to come to Kiev. The increased prices of Donbass mining companies during state purchases have drawn attention of journalists, people’s deputies and the people. The scandal…
DetailsNavoi Iron and Steel Works has resumed gold mining at Amantaytau mine in the Central Kyzylkum. In 2003 the previous owner Amantaytau Goldfields put the gold mining factory in operation there with the capacity to produce 6.3 tons of gold per year. In 2011 the company was liquidated and its assets given to the Navoi…
DetailsLydian Armenia, operating at the Amulsar deposits in Jermuk, will receive its first gold nugget in March 2018. The construction works in Jermuk are underway and will last for 18 months. “We are prepared to invest $370 million and create 700 jobs in 10 years. The program presupposes the annual gold exports of $259 million”,…
DetailsThe Rosprirodnadzor (the Federal service of supervision in environment) has found out that Mechel-koks works in Chelyabinsk has been polluting the air. The service ruled the polluting equipment to be shut down. The service is preparing documents for the court to shut down the works for 90 days. Mechel-koks does not agree with the service…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has successfully passed the re-certification audit for the compliance of its construction materials with the state standards. The company has received certificates for 14 types of products, including the flange beam, the manufacture of which has started in the beam-rail shop. The certificates allow the company…
DetailsIn 2016 Zaporozhogneupor increased tax payments to the local budget by 74%, or by 12.6 million UAH, to 29.6 million UAH. According to the company statement, in 2015 it paid 17 million UAH of taxes. The key factors for the increase of taxes in 2016 were the growth of salary by 23% and payments for…
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