Senior Environment Adviser of European Bank for Reconstruction and Development (EBRD) Robert Adamczyk and Senior Manager for Sustainable Development and Corporate Responsibility of ArcelorMittal Аlan Knight paid a two-day working visit to ArcelorMittal Kriviy Rih. At the end of 2017 EBRD approved opening of a credit line for ArcelorMittal at 350 million euros to finance…
In January-June Chelyabinsk Zinc Works received 4.226 billion rubles of net profit, up by 42% YoY. Consolidated revenue grew by 27%, to 17.97 billion rubles. Zinc and zinc alloy sales amounted to 14.946 billion rubles, up by 27%. Gross profit reached 5.6 billion rubles, up by 20%. EBITDA increased by 38%, to 5.896 billion rubles.…
As of August 28 Irkutsk region has extracted 15280.9 kg of gold, up by 8% YoY. Ore gold accounted for 8977.9 kg, up by 20%, while alluvial gold output dropped by 5%, to 6303 kg. Last year the region yielded 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial…
In April-June Korshunovsky Mining and Processing Works increased iron ore output by 30% QoQ, to 1.6 million tons. Sales grew by 41%, to 495 thousand tons. The growth is due to the increase of the mining fleet. “Since the start of the year we have commissioned 10 large dump trucks, a grader and a heavy…
Yekaterinburg Non-Ferrous Metals Processing Works intends to start refining gold from Magadan region. In July the company delegation visited a miners’ team, where it got acquainted with the technological chain of gold mining. “We presented our plans to increase gold purchases with further buy out of refined metal and voiced our interest to work with…
In January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…
After a three-month warming of the refractory lining Cherepovets Iron and Steel Works has switched the coke oven plant No. 4 to constant warming. The first coke is expected to be produced in late 2018. “The investment project valued at 6 billion rubles will increase coke output at the plant from 420 thousand tons to…
Metalloinvest has partially refinanced its credit portfolio due to the funds attracted under a new loan agreement with Gazprombank. Under the agreement the company has attracted 18.8 billion rubles for 6 years. All the money was spent to clear debt to Sberbank. Thus for the next 16 months the company has no debts on the…