The head quarters of Highland Gold Mining will be moved to the business center on 4, Smolensky Boulevard. The company has already signed an agreement with KR Properties. The size of the premises near the “Park Kultury” subway station is 1.7 thousand square meters. The price of the deal is not disclosed. The move will…Details
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Russian aluminum giant UC RUSAL has approved of all conditions that hydropower giant RusHydro has set for its participation in construction of the Taishet aluminum smelter, RusHydro CEO Nikolai Shulginov declared. “They’ve approved them. We are now to take them into account while developing necessary documents, and if we don’t, we will stop,” he said.…Details
In 2018 Vysochaishiy (GV Gold) intends to produce up to 3 tons of gold at the Taryn Mining and Processing Works at the Drazhnoye deposits in Yakutia. The factory started operating in May and already reached project output. In 2017 it is expected to process 530 thousand tons of ore with the average gold content…Details
In January-October Russia imported 130.7 thousand tons of steel pipes from Germany, up 11-fold YoY. June witnessed the record-high import volumes of 53.7 thousand tons. In May, July and September the deliveries were also considerable (22-25 thousand tons per months). But in October imports dropped (to 1.1 thousand tons). 95% of the imports are large…Details
In 2017 Vostsibugol LLC, mining coal in Irkutsk region, increased output by 2.8% from the plan, having obtained 14.3 million tons. 1.3 million tons of coal were exported. Mining target for 2018 is 16.2 million tons. In December the company started developing the Nygdinskaya site with the reserves of 3.1 million tons of coal. In…Details
Mechel has signed a memorandum on delivery of coke to HBIS Group Serbia Iron & Steel. According to the agreement, Moskoks will supply up to 120 thousand tons of coke products to Serbia, or 30 thousand tons each quarter. The delivery will be carried out from January till December 2018. The price will be determined…Details
Aktogay Mining and Processing Works will be expanded. In October the works has reached its project capacity at the sulfide enrichment factory, and the board of directors decided to construct another factory, which would double sulfide ore processing from 25 to 50 million tons per year. The expansion is the low-risk project. Investments are expected…Details
Roseximbank has opened a loan of 3.35 billion rubles for 2.5 years. The financing is carried out under the state program of supporting exports of highly technological products. Izhstal will spend the money to buy raw materials to manufacture products for exports to Europe and Kazakhstan through Mechel sales network. (Ukrainian metal)Details
Severstal has approved of the program to develop the Yakovlevsky mine in Belgorod region, which presupposes the increase of iron ore mining within several years. In 2018 the mine output will increase by 50% YoY, from 872 thousand tons to 1.315 million tons. The main goal of increasing output is to improve the company provision…Details
At the Extraordinary General Shareholder Meeting (EGM) held on December 22, NLMK shareholders approved payment of Q3 2017 dividends of RUB 5.13 per share. The date upon which the shareholders entitled to dividends would be determined was set as January 9, 2018. January-September 2017 dividends will amount to RUB 10.68 per share. At the meeting,…Details
Irshansk Mining and Processing Works has ordered Energy Trade Group LLC the delivery of natural gas valued at 71 million UAH. In 2018 the company will supply 7.1 million cubic meters of gas at 10 thousand UAH per 1 thousand cubic meters. The price is 13% below the expected cost of the purchase (81.65 million…Details
The supervisory board of Evraz Yuzhkoks has appointed Andrei Shabanov the CEO of the company. He is the ex-director of Donetskkoks and the scientific-manufacturing enterprise Inkor and Co, both part of Metinvest. The decision was taken at the board meeting on December 18. The previous CEO Denis Koshkarev has resigned. Shabanov has been hired for…Details
The American International Trade Commission has confirmed the information on damages inflicted by Russian, Belarus and UAE suppliers of wire rod. At the same time it has not found any critical conditions during the Russian export of wire rod to the US. Thus, the antidumping duty of 463.8-756.93% will be imposed on Russian wire rod,…Details