Metinvest has supplied 8.7 thousand tons of plate steel for the construction of the Willem van Rubroeck dredger, the most powerful dredger in the world. According to the group statement, the combined power of the vessel engines is almost 41 thousand kW. The ship is being constructed at the Uljanik shipyard in Croatia for Jan…
Last year the project to develop the Kudryaviy Volcano was created. A special machine was made to obtain rhenium and other rare earth metals concentrate. It was assembled at the Crater base on the island of Iturup. The cost of the works carried out last year exceeded 30 million rubles. This year the test of…
The investment company Arlan intends to start producing gold at the Rodionovskoye deposits in 2020. According to the company statement, in the first year of operation it is planned to mine 1 ton of gold. In 2021 output is expected to increase to 3 tons of gold, and in 2022 – to 5 tons per…
In 2019 Chelyabinsk Zinc Works intends to increase zinc output to 200 thousand tons per year. This year the output will total 188 thousand tons. In 2017 the company produced 183 thousand tons of zinc and zinc-based alloys, up by 4.7% YoY. At the same time Chelyabinsk Zinc Works intends to modernize its manufacture. In…
Russia’s Chukotka Autonomous District has submitted a request to the Far Eastern Development Ministry to establish a territory of accelerated development Baimskaya to raise about 336 billion rubles in three gold projects, according to a statement released on April 2. The projects Kekura, Klyon and Peschanka can attract almost 120 billion rubles in three years,…
The Sumgayit Technologies Park (STP) delivered the first cargo of galvanized steel products to Germany for construction of a new plant of the German auto giant BMW in Cologne, the STP reported. “A contract for supply of the first cargo of metal products to Germany was signed with the contractor company, DMT Foundry GmbH, and…
As a result of prospecting and evaluation works new ore objects were discovered in Kazakhstan. Chairman of the Committee of Geology and Subsoil Use of the Ministry for Investment and Development Akbatyr Nadyrbaev and Chairman of the Board of Kazgeology JSC Galym Nurzhanov told about the work carried out in 2017 on geological study of…
In 2017 the Moscow region-based Electrostal decreased net profit by 8% YoY, to 145.4 million rubles. In the past five years the company has always been demonstrating profit – 158 million rubles, 129 million rubles, 16 million rubles and 370 million rubles in 2016, 2015, 2014 and 2013 respectively. In Q4 2017 the net profit…