Mednogorsk Copper-Sulfur Works has received a new railroad crane manufactured by the Kirov Machine-Building Works named after May 1. The cost of the machine is some 22 million rubles. The lifting capacity of the crane is 25 tons. Now the company has 4 units of lifting machinery. (Ukrainian metal)
In January-June Interpipe Nizhnedneprovsk Pipe-Rolling Plant increased net profit 2.1-fold YoY, to 1.918 billion UAH. Net income grew by 8.3%, to 7.639 billion UAH. Undistributed profit as of the end of the first half-year totaled 2.179 billion UAH. (Ukrainian metal)
In 2018 Rusal Armenal assets grew by 4% YoY, to 48.4 billion drams ($100.1 million), as opposed to the growth of 2.6% in 2017. The growth was mostly driven by the increase of the current assets – by 12.3%, to 20.1 billion drams ($41.6 million). Accounts receivable dropped by 90.6%, to 402.4 million drams ($0.832…
In January-June the sea trade port St. Petersburg transshipped 3.5 million tons of cargo, down by 7% YoY. Ferrous metals throughput dropped by 26%, to 1.5 million tons. The decrease is due to the drop of exports. At the same time non-ferrous metals throughput increased by 20%, to 0.705 million tons. Throughput of scrap remained…
In April-June Elga Coal Complex improved its records. In particular, 1.2 million tons of coal were mined, up by 40% QoQ. The company has also improved mine stripping to 1.9 million cubic meters, up by 32%. (Ukrainian metal)
In January-June Severstal Distribution increased metal sales by 13% YoY, to 1.3 million tons. 22% more rolled metal of Severstal Russian Steel has been sold via the distribution network. Sales to Russian customers increased by 25%, to 550 thousand tons. SIA Severstal Distribution sales to Northern, Central and Eastern Europe increased by 9%, to 650…
Chitageologorazvedka, a part of the state complex Rosgeologia, is finalizing prospecting work at the Darasun ore-alluvial district at the Zharcha-Talatuy site. The object with the size of 13.3 square km is situated in Zabaikalye region. During its operation the enterprise has found 4 mineralized zones with the expected reserves of R1 gold of at least…
The share of UGMK-OTsM on the Russian market of non-ferrous metal has increased from 35% to 44%. This is the result of the first half-year. In particular, Kirov Non-Ferrous Metals Processing Works increased brass rods and sheet, as well as copper belt manufacture by 18%, while Revda Non-Ferrous-Metals Processing Works output of copper, brass and…