In late June another vessel with South-African coal would visit the Yuzhniy port. “We expect the next vessel after June 20. That would also be a Panamax”, the port acting director Vitaliy Zhukovsky said. More vessels will follow. “The schedule has been approved. This year together with Chernomorsk port we have to unload 4.8 million…
In January-March Buryatzoloto, a part of Nordgold, sold 1.1 billion rubles worth of gold, down from 2.4 billion rubles in Q1 2016. The company received 734 million rubles of net losses against 147 million rubles of net income last year. According to the company statement, the decrease is connected with the fall in key output.…
SteelAsia Manufacturing Corp. (the Philippines) has concluded an agreement with two Russian companies aiming at long-term cooperation with them. Under the $250 million contract Evraz will annually supply 50 thousand tons of billets to SteelAsia works in Davao City and in the Bulakan province. In Q1 the group purchased 240 thousand tons of Russian billets…
The Oktyabrskiy mine, a part of Norilsk Nickel, has started the capital repairs of the northern part of the skip shaft No. 1. The repair will see the overhaul of 250 tons of equipment and metal structures. The previous repair was carried out in 2005. The cost of the works is 50 million rubles. The…
The new EKG-18 excavator has started operating at the Neryugrinsky open-pit mine of Yakutugol, a part of Mechel. This is the second machine that has started operating there since the beginning of the year. The excavator has been purchased for 600 million rubles within the modernization program. The ladle volume is 18 cubic meters. The…
According to the minister of natural resources and ecology of the Magadan region Vladimir Mitkin, over 1.7 tons of gold and 38 tons of silver will be mined in Stednekansk district this year. “As of May 1 the district has already mined over 1150 kg of ore gold and around 11 tons of ore silver”,…
Magnitogorsk Iron and Steel Works held an annual meeting of the shareholders. They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share. Earlier the shareholders received dividends for the first half of 2016 in the…
In April Zlatoust Iron and Steel Works electric arc welding shop No. 2 produced 3880 tons of liquid steel with the target of 4770 tons. The decrease of output, according to the deputy manufacturing director Oleg Rodionov, has to do with the shortage of scrap in early April. Shop No. 3 was in the same…