Cherepovets Iron and Steel Works has completed the first stage of the coking battery No. 4 reconstruction – the foundation of the first plate. The total cost of the project is some 6 billion rubles. “This is a unique event for our city, our country and even for the whole CIS. Reconstruction of such a…
“The Kyrgyz government has no means to clear Kumtor’s open pit, so it is necessary to develop glaciers,” Deputy Prime Minister Duishenbek Zilaliev said at a parliament meeting. According to him, if Kumtor does not work, then the glaciers will collapse into the pit. The government will have to clear it at its own expense,…
Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in 9 months of 2017. KGC produced 404,584 ounces or 12,583.98 kg of gold, Public Relations Department of Kumtor Gold Company reported. During the third quarter of 2017, Kumtor produced 138,561 ounces of gold compared to 166,030 ounces of gold…
In January-September the income of TMK increased by 31% YoY, to $3.191 billion. According to the company statement, in Q3 the growth totaled 3% QoQ, to $1.14 billion. EBITDA for Q3 increased by 27%, to $169 million, for 9 months – by 14%, to $444 million. Net profit totaled $22 million in Q3 and $46…
The Corum Druzhkovka Machine-Building Works has supplied 162 sections of anchoring to the Dalnyaya mine, a part of Donskoy Antrazit (DTEK). According to the company statement, this is the largest anchoring order this year. “Similar anchoring is already successfully used at the mine. We made the first delivery in 2013, and the second order is…
In October consumption of anthracite in Ukraine dropped by 30%, or by 300 thousand tons. According to the vice-prime minister Vladimir Kistion, 100 thousand tons have been saved thanks to the warm October and 200 thousand tons because of the switch of thermal power plants to the gas-coal. Kistion is sure that next year the…
BSK Steel appeared a year ago. Since then the company has assembled a polymer-coating line with the annual capacity of 200 thousand tons. The first output was in June. At present the company produces some 4 thousand tons per month with the thickness of 0.3-0.5 mm with various coatings. The metal is supplied across Russia,…
Evraz might get competitors in the purchase of Sibuglemet, which it has been managing since 2015. In December VEB will hold a competition to manage the holding in Kemerovo region. It had to be hold in summer, but was postponed due to no interest except for on behalf of Evraz. But the new sales already…