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While discussing the coal industry development, the President of Uzbekistan ordered the Ministry of Finances and Energy to optimize coal prices in order to improve the industry profitability and cover investment expenses. Even with the high potential of the coal deposits, the plans to mine coal have not been met lately. The technical and technological…
DetailsThe ChTPZ group has carried out an investment project to modernize the manufacturing complex of the cold-deformed pipes, New Prestar machinery to treat stainless pipes has been assembled at the Pervouralsky Pipe Works. Investments exceeded 15 million rubles. The new machine provides for faster and more precise cutting of pipes with diameter of 83 to…
DetailsThe Ministry of Energy and Coal Industry is studying the possibility of purchasing mining materials from Poland. The deputy minister Anatoliy Korzun has discussed the issue with the delegation from Uta Labedy S.A. In particular, the delivery of anchoring was discussed. (Ukrainian metal)
DetailsNovolipetsk Iron and Steel Works is suspending sending steel slabs to its rolling works in Pennsylvania. According to the group president Oleg Bagrin, this has to do with the company failing to get its semi-finished products out of American steel import duties of 25%. More over, NLMK USA is suspending its investment program of $300-400,…
DetailsZaporizhstal has put into operation a modern complex to trap industrial wastewater under the program of ecological modernization. With its help wastewater drop in the river Dnepr will decrease by 5 million cubic meters per year. Investments in the project totaled 58.5 million UAH. Since 2015 Zaporizhstal investments in environment protection allowed decreasing river pollution…
DetailsEnergomashspetsstal has produced and shipped supporting rolls to Ilva, Italy. The total weight of the batch was 122 tons. The contract between two companies was concluded in 2018. According to the agreement, EMSS has to produce and ship 8 supporting rolls for the cold-rolling mill. So far 7 mills have been shipped. The last will…
DetailsThe operation of Kumtor should not be stopped, mining engineer Orozbek Duisheev declared. According to him, mining industry is in critical condition. “It is necessary to change the laws, there must be independent management in order to bring the industry out of crisis. First of all, Kumtor should not be stopped, it must continue working,”…
DetailsTax increase will not hinder development of the mining industry in Kyrgyzstan, mining engineer Duishenbek Kamchybekov declared. According to him, after a meeting of the Security Council, where work of deposits was discussed, the International Business Council spoke against the decision. “The International Business Council said that tax issues were burdensome for us. The tax…
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