In January-June the net profit indicators of Kyrgyzaltyn OJSC turned out to be 14 times higher than in 2018, press service of the company reported. The net profit of Kyrgyzaltyn amounted to 119.2 million soms. In 2018 the OJSC earned only 8.5 million soms over the same period. “Such high rates became possible thanks to…
Mechel-Koks has shut down its coke oven battery No. 8 for reconstruction to decrease pollution. The coke oven gas pipeline and ammonium water pipeline will be replaced. During the reconstruction a temperature of around 1 thousand degrees C will be maintained at the battery in order to keep the refractory brick lining intact. The modernized…
The coordination council of MMK and TMK has held a meeting. The parties discussed the results of cooperation and set prospects to continue it. This was the 27th meeting of the council. In 2018 TMK pipe plants received over half a million tons of flat rolled metal manufactured by MMK. In January-September deliveries will total…
Beloretsk Iron and Steel Works has started manufacturing a new import-replacing product – high-strength galvanized wire for cable industry. A customer has already approved of trial batches. At the customer’s request BMK has developed steel galvanized wire with the diameter of 1.85 to 3.05 mm with high-strength characteristics. Previously such products had to be purchased…
The Belarusian steel mill BMZ continues strengthening its position on the global steel market in the segment of products intended for automotive industry, with the relevant sales exceeding $35 million in H1. The company intends to have doubled the figure by the end of the year, BMZ Press Secretary Aleksandr Olesik reported. According to the…
Anglo Asian Mining PLC (AAM), a gold producer in Azerbaijan, plans to begin production at new deposits. According to the information, electromagnetic intelligence revealed that there was a new field in the vicinity of Gadabay. “It also shows that there is a great potential in Ordubad, and the geological team is working on it,” the…
In July Russia imported 11.6 thousand tons of ferrosilicomanganese, down by 32% MoM and by 8.3% YoY. Deliveries from Georgia dropped by 29% MoM, to 6.6 thousand tons, and from Kazakhstan – by 13%, to 5 thousand tons. In January-July imports totaled 113 thousand tons, up by 3% YoY. In monetary terms since the start…
Since the start of the year the Raspadskaya mine (a part of the Raspadskaya Coal Company) has extracted 5 million tons of coal, with 2 million tons extracted from site No. 1. In April the site No. 1 was one of the first to mine 1 million tons of coal from the same breakage face.…
