Russia: BoAZ and SFMZ fined

The Federal Service of ecological, technical and nuclear supervision has fined Boguchansk Aluminum Works and Sorsk Ferromolybdenum Works. BoAZ was checked on November 28 – December 23, 2016 and fined for 40 thousand rubles for illegal construction of heating power plants. While SFMZ was accused of violations of the waterworks safety operation, and fined for…

Russia: Moscow shuts down Rezhnickel

The Moscow shareholders of Rezhnickel, a part of Rusnickel, have started shutting down the works. Some 850 employees will be sent to forced vacation with two thirds of salary. Around 100 employees will be left looking after the shops. The machinery could be put back into operation as soon as the market situation improves. But…

Belarus: metal exports via BUCE up in 2016

Merchandise export via the Belarusian Universal Commodity Exchange (BUCE) rose by nearly 30% in 2016, BUCE Press Secretary Roman Yaniv reported. According to the source, the sum of export deals facilitated by the Belarusian Universal Commodity Exchange totaled Br629 million in 2016, up by 29% YoY. The export of metal products rose by 7% primarily…