Trubodetal has received 93.41 points out of 100 possible for its business reputation. This was the first time that the company evaluated its reputation. Thus the works has confirmed its correspondence to the InterGazCert certification. “Business reputation is the most important immaterial asset, which considerably increases the market cost of the company and gives it…Details
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In July-September steel output grew to 4.4 million tons, by 6% QoQ and by 8% YoY, due to increased output at NLMK’s Russian divisions driven by the seasonal uptick in demand on the Russian market. Group sales grew by 1% both QoQ and YoY, to 4.24 million tons. Key growth factors: seasonal growth in demand…Details
The state enterprise Lvivugol has ordered A.S. Group LLC the delivery of miner’s lamps valued at 3.74 million UAH. The company will supply 2780 lamps at 1345.56 UAH apiece. 4 companies submitted offers to participate in the trade, but only two were allowed. A.S. Group LLC competitor was Forma Trade LLC. (Ukrainian metal)Details
Metinvest is evaluating the possibility of supplying hot-rolled metal to alternative markets because of the EU duty. “But even now we see that we will not be able to compensate for the whole volume of the European market. So a decrease in output is possible”, the company said. Metinvest also hopes that the EU will…Details
Russian Platinum has postponed the start of the Jerui deposits development for 2 years. According to the license, this year a gold-extracting factory should have started operation at the site. But Russian Platinum just starts preparation works. For the delay the company will be fined $100 thousand each month. Jerui was supposed to yield some…Details
Odina is completing its mining of gold at Shugnov deposits. The gold-bearing ore reserves on the site are running low, and the company hopes to obtain licenses to develop new deposits. In 2005 Odina, one of the few companies to operate solely on investments from Tajik business, received a license to develop Shugnov deposits with…Details
In April-October AzerGold received $62.25 million (105.8 million manats) from the sale of gold and silver mined in Azerbaijan. In April the company started exporting gold and silver ingots refined by Argor-Heraus. “In April-October AzerGold sold 48.8 thousand ounces of gold and 68.4 thousand ounces of silver”, the company reported. In 2017 AzerGold intends to…Details
TMK has for the first time supplied its compressor-pump pipes with the premium TMK UP PF joints to Surgutneftegaz. The first batch of pipes has been successfully installed at the Dunaevskoye deposits. TMK share on the Russian market of premium joints in 2016 was 76%. (Ukrainian metal)Details
Gaysky Mining and Processing Works has put into operation new floatation machinery in the main premises of its processing factory – two floatation machines with the volume of 8.5 cubic meters each. The cost of the machinery was some 7.7 million rubles. “This completes another stage of the processing factory modernization. The machines will improve…Details
Boris Kovalenkov, the head of the Rimera Group of Companies, has been appointed CEO of the ChTPZ group pipe division. The corresponding decision has been taken by the group board of directors. From October 16, Kovalenkov is responsible for the management of the pipe division, the improvement of its efficiency, as well as financial and…Details
Metalloinvest’s third hot briquetted iron (HBI) production facility, HBI-3 Plant, has won the “Investment Project of the Year” prize at the Russian Mining Excellence Awards 2017; HBI-3 Plant was launched at Lebedinsky GOK in July. The awards ceremony took place at MINEX Russia 2017. Independent experts praised HBI-3 Plant, the largest in Russia and one…Details
On November 1 the Arbitrary court of Rostov region will start reviewing the claim to declare the Obukhovskoye Mine Group insolvent. The mine group is a part of DTEK. The basis of the claim is the mine group debt of 6.7 million rubles. The Obukhovskoye Mine Group is mining for anthracite. As of August 23,…Details
The state enterprise Electrotyazhmash works has concluded 2 agreements with the Ukrainian International Group Ltd for the delivery of copper valued at 62.19 million UAH. By the end of 2018 the company will have supplied some 220 tons of splints and wire, as well as 1250 kg of wire at the average price of 1949…Details