In January-March Korshunovsky Mining and Processing Works received 214.1 million rubles of net profit, down 8-fold YoY. According to the company statement, its net income was 1.7 billion rubles. Revenue dropped 2-fold, to 1.6 billion rubles. “The dynamics of the revenue and net profit is explained by the drop of iron ore concentrate output and…
In January-March Zabaykalye region produced 290.3 tons of tungsten concentrate, down by 45.7% YoY. The decrease has to do with the drop of output volumes at Novoorlovsky Mining and Processing Works. Two companies are developing tungsten deposits in the region – Novoorlovsky GOK and Bom-Gorkhonsky Mine LLC. Novoorlovsky GOK develops and processes tungsten ore of…
In March Russia exported 415.8 thousand tons of ferrous scrap, up by 9.5% MoM and by 19% YoY. In February the results were +10.7% and +88.6%, while in January -45.6% and +38.7% respectively. In January-March exports reached 1.14 million tons, up by 43% YoY, and the highest result in 10 years. Turkey imported 45% of…
This year Kuzbassrazrezugol will spend over 16 billion rubles on the development of its manufacturing capacities, as well as social programs in the Kemerovo region. Last year the company invested 15.6 billion rubles, including 14.6 billion rubles in development, and 311.5 million rubles in state and regional social programs. This year industrial investments will grow…
In January-April Zabaykalye region obtained 1158 kg of gold, up by 14.8% YoY. In April alluvial gold season started. As of May 1 some 15.3 kg of alluvial gold was collected. The ore gold output totaled 1142.6 kg. Some 50 companies are involved in gold-extracting in the region. Last year the region yielded 13 tons…
Beloretsk Iron and Steel Works has been named the Perfect Supplier by a major Russian manufacturer of electric equipment for automobiles. BMK has been cooperating with Autoelectroarmatura (AVAR) for over 10 years. The works supplies spring wire of various sizes to the company. The highest category of supplier has been given to the works following…
In a year energy efficient frequency converters have allowed the Central Mining and Processing Works to save 52% of electric energy during the pumps operation. The machinery was assembled within the energy-servicing project with DTEK ESKO. In March 2017 DTEK ESKO financed and assembled 12 ABB frequency converters to automatically regulate the operation of electric…
“To solve the problems of Mailuu-Suu uranium legacy, we need to take long-term preventive measures and carry the tailings and dumps over,” the European Parliament Deputy Michele Rivasi declared. According to her, if nothing is done now, then, when the natural cataclysm will occur in the next few years, all harmful substances will be washed…