The investment project “Novokonstantinovskaya mine. Manufacturing capacities development” will help decrease the dependence of the domestic nuclear energy on foreign suppliers of uranium products. The project will also improve the efficiency of uranium oxide concentrate manufacture by VostGOK. In particular, the mine will increase extraction from 200 to 500 thousand tons per year, and the…
In February Novovolynskaya No. 9 mine fulfilled its output plan. This has happened for the first time since 2014. Last month the mine extracted over 4500 tons of coal. This allowed not only clearing salary debts to miners, but also paying bonuses. In late 2019 the mine intends to open a new long face. (Ukrainian…
In 2018 MMK-Metiz received 544.3 million rubles of net profit. In 2017 the volume of its net profit was the highest – 1.26 billion rubles. Revenue last year totaled 23.08 billion rubles, up by 13% YoY. Sales profit dropped by 42%, to 923 million rubles. (Ukrainian metal)
The Krasnoyarsk region subsidiary of the State Expertise Service of Russia has approved the project to construct a site to process gravitation gold-bearing concentrate in Zabaikalye. It is expected to process 3 tons of gold-containing raw materials per day. The complex is expected to be operating for 14 years. (Ukrainian metal)
In 2018 the profit of Mechel, attributable to shareholders, reached 12.63 billion rubles, up by 9% YoY. Revenue increased by 5%, to 312.57 billion rubles, but EBITDA dropped by 7%, to 75.67 billion rubles. In the mining segment the revenue decreased by 3%, to 96.88 billion rubles, but in metal segment it grew by 9%,…
Nadezhdinsky Iron and Steel Works has confirmed its correspondence to the requirements of the Russian Marine Registry. The company can produce rolled metal for shipbuilding of normal A strength steel, as well as improved A32 and E36 steel grades. The company makes square billets and blooms of this steel. Last year shipbuilding companies received 1.3…
Kyshtym Electrolytic Copper Plant has produced 1 million tons of copper wire rod since its new shop was commissioned in 2007. Since mid-1990s the company has been producing copper wire rod using the Finnish oxygen-free technique of vertical casting. The capacity of the site was some 10 thousand tons of wire rod per year. With…
In January-February Amurstal shipped 121.7 thousand tons of metal via railroad, up from 106 thousand tons as planned. Sales grew both to the local market and abroad. According to the company CEO Sergey Kuznetsov, Amurstal can increase output to 80-85 thousand tons of metal per month, thus reaching 1 million tons per year. (Ukrainian metal)
