Belarus: Danish business eager to invest

Belarus’ investment climate is comfortable for business, director of the Belarusian-Danish company BuySteel Yuri Firko said as he attended the Gomel Economic Forum. An investment agreement to set up a manufacturing facility in Mozyr District with the participation of the Belarusian-Danish BuySteel was signed during the plenary session of the forum on May 19. The…

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Kazakhstan: Kazatomprom starts implementing Industry 4.0 elements

National Atomic Company of Kazatomprom has held a coordination meeting in Shymkent attended by the heads and specialists of subsidiaries’ IT departments. The meeting was mainly dedicated to the targets of rapid technology modernization including implementation of digital technologies and robot automation at uranium production, the company press-service reports. CEO of Kazatomprom Askar Zhumagaliyev said…

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Russia: aluminum exports up in Q1 2017

In January-March Russia exported 781 thousand tons of raw aluminum valued at $1317 million.

The results are up by 3.8% and by 36.7% YoY respectively, though somewhat lower than the 2015 level. (Ukrainian metal)

Russia: Uranium One earnings up in Q1 2017

In January-March Uranium One increased its earnings 5-fold YoY, to $67.9 million.

The corrected net profits totaled $21.1 million, up 7.5-fold YoY.

Uranium output dropped to 1110 tons.

Uranium One is the fourth largest uranium producer in the world. Last year it yielded 4919 tons of uranium. (Ukrainian metal)

Russia: Mechel to receive UMZ excavators

Uralmashzavod has concluded a contract for the delivery of an EKG-20 excavator to Mechel. The No. 18 machine will be operating at Neryungrinsky open-pit of Yakutugol, a part of Mechel. The excavator will be supplied in late 2017. Last year the company received 2 similar excavators. One has already been successfully put into operation. (Ukrainian…

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Russia: Rusal BGZ output up

Rusal has announced the completion of Boksitogorsk Alumina Works modernization. Within the project, lasting from October 2015 till May 2017 the works received grinding and processing equipment to increase the corundum output to 79 thousand tons. In particular, the company increased refractory capacities by 6 thousand tons, and abrasive – by 4 thousand tons per…

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Russia: TMK Chermet scrap procurement up in Q1 2017

In January-March TMK Chermet outperformed the scrap procurement target by 26%. TMK enterprises received 494 thousand tons of scrap.

The company keeps increasing the share of its own scrap deliveries: in particular it supplied 160.5 thousand tons, up by 10.6% YoY. (Ukrainian metal)

Ukraine: UGOK shares deals prohibited

The National commission on securities and stock market has stopped amendments to the system of depository accounting on securities of 20 issuers.

Among them are the Yuznhiy Mining and Processing Works and Stakhanov Ferroalloy Plant

The companies have not disclosed their annual regulatory information on stock market for the last 2 years. (Ukrainian metal)

Kazakhstan: KazZinc catches fire

On May 18 KazZinc in Ust-Kamenogorsk, Eastern-Kazakhstan region, caught fire. The accident happened on the territory of the copper shop around 21:41 local time. At 00:25 the fire was extinguished. The size of the fire was 50 square meters. According to the emergency service, there were no casualties. The manufacturing process was not affected by…

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Russia: ChMK produces rebars for new Barnaul embankment

Chelyabinsk Iron and Steel Works has supplied 1200 tons of rebars for the construction of the embankment in the city of Barnaul.

ChMK metal is used for concrete reinforcement of the bank – the first and the most vital part of the project.

The length of the embankment will be 500 meters. (Ukrainian metal)