In January-September Uchaly Mining and Processing Works received 368 million rubles of net loss. Last year net profit amounted to 256.8 million rubles. Revenue grew to 16.7 billion rubles from 16.4 billion rubles. Sales profit increased 2.4-fold, to 1.75 billion rubles, and gross profit – by 26.8%, to 3.95 billion rubles. (Ukrainian metal)
Chelyabinsk Pipe-Rolling Works and Baotou Steel (China) will construct a mining and processing works in the Irkutsk region. The companies have already signed a corresponding agreement. The GOK will be constructed at the Zashikhinskoye rare-earth metals deposit. The first stage is expected to process 250 thousand tons of ore, and with the third stage completed…
The arbitrary court of Perm region has partially satisfied the claims of the Federal Antimonopoly Service on taking measures in the dispute with enterprises under control of the Solikamsk Magnesium Works owner. The court prohibited Cyprus-based Volesko Yjldings Ltd, Slontecco Investments Ltd and Fullcircle Facilities Management Ltd doing anything with the company shares. The Antimonopoly…
A gold-leaching and extracting plant will be built in Kostanay region. Investments will reach $25 million. Some 300 jobs will be created. The plant is expected to start operating in 2021. This year gold ore extraction in the region grew by 52% or by 1 million tons. (Ukrainian metal)
In September Russia imported 25 tons of molybdenum, down y 7.5% MoM and by 26% YoY. Deliveries from China grew from 12.3 tons to 17.5 tons, while from Germany dropped by 58%, to 6 tons. In 9 months imports totaled 247 tons, down by 4% YoY. In monetary terms since the start of the year…
Taganrog Iron and Steel Works has finished modernizing its circular furnace and a pipe hot-rolling site in the pipe-rolling shop. In particular, the company has commissioned four new pipe threading machines, as well as upgraded one pipe threading and two coupling threading machines. Under a large-scale modernization program scheduled to be completed in 2021 Tagmet…
President Gurbanguly Berdymuhamedov has tasked the government with construction of a metal works. Vice Prime Minister on oil and gas complex Myrtgeldy Meredov has noted that large deposits of iron ore have been discovered on the territory of the Balkan region. Berdymuhamedov ordered the government to construct a mining works to process iron ore. (Ukrainian…
Local citizen of Pobugskoye Denis Shevchenko has been appointed CEO of Pobuzhye Ferronickel Plant instead of Oleg Bespalov, who has been chairing the company since 2014 under a 5-year contract. The task of the new CEO is to continue building a modern European-type enterprise taking into account global development principles. Shevchenko worked not only in…