In January-June Priisk Dambuki, extracting alluvial gold in Amur region, received 83 thousand rubles of net profit, down almost 24-fold YoY (1.9 million rubles). The company revenue decreased 4-fold, to 23.5 million rubles. Gross profit fell 2-fold, to 17.9 million rubles. EBITDA increased 1.3-fold, to 339 thousand rubles. As of late June, the company accounts…
In 2018 the fleet of the underground machinery of the Kholvinsky mine will get new units. Investments in the purchase total 295 million rubles. So far the mine has received two underground Sandvik TH430 dump trucks, a Sandvik LH410 loading machine, and a Charmec MF605 pump truck. By the end of the year a Sandvik…
The company Vostoc has started developing alluvial gold deposits in Anadyr district. The resident of the Beringovsky territory of advanced development has invested 21 million rubes in the purchase of a tractor with bulldozer equipment, a dump truck and a fork-lifter. The machines will be used in developing the deposits, the reserves of which are…
The net profit of the Russian metals giant Norilsk Nickel soared by 80% YoY, to $1.653 billion in January-June, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 37%, to $5.834 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 77%, to $3.079 billion. Net working capital fell by 20%,…
In January-June Cheboksary Works of Industrial Casting manufactured 650 million rubles worth of metal, up almost 1.5-fold YoY. “In addition to the railroad castings we are also mastering the manufacture of new types of products for agriculture machine-building and car industry, as well as spare parts for crushing machinery, mining and quarry machines”, the company…
RM-Steel is going on with its modernization program. So far a new bridge crane manufactured by the Leningradsky Crane-Building Works has been assembled in the hot-rolling shop. This is one of the two bridge cranes to be replaced under the program. Moreover, the company is working on increasing output and product range. Next year it…
NLMK has finished the repair of and commissioned the converter with the capacity of 160 tons. The repair work has been finished 16 hours earlier, which allowed smelting additionally more than 700 tons of steel. Investments in the project totaled 130 million rubles. At present NLMK operates 3 converters with the volume of 160 tons…
Sberbank Investments has concluded a deal with Mikhailovsky Mining and Processing Works, having received 10% of the enterprise shares as a partial clearing of debts. The share of Lebedinsky GOK decreased to 89.32%. Through it USM Holdings of Alisher Usmanov controls MGOK. USM Holdings also controls 100% of Metalloinvest shares. (Ukrainian metal)