In 2019, Taganrog Iron and Steel Works decreased losses by 800 million rubles, to 1.3 billion rubles. In 2018, losses amounted to 2.1 billion rubles. At the same time, revenue also dropped. While in 2018 it was 43.8 billion rubles, last year it constituted 43.5 billion rubles. (Ukrainian metal)
In February, Korshunovsky Mining and Processing Works increased excavation work by 65% and iron ore output by 22%. In particular, iron ore extraction totaled 650 thousand tons. Concentrate is shipped to Chelyabinsk Iron and Steel Works. This year it is planned to modernize the processing factory machinery, increasing its capacity by 30%. (Ukrainian metal)
The government is ready to approve Novatek’s project of a floating power plant running on liquefied natural gas (LNG) as a power source for the Baimsky GOK ore-dressing plant owned by KAZ Minerals. The copper and gold project needs a total of up to 350 megawatts of new generation, including a capacity reserve. The construction…
Russian precious metals producer Polymetal International has raised 800 million rubles and a 1% net smelter return from the sale of assets of the Sopka field, the company said in a statement on March 26. The assets were united in company Irbychan Gold with non-core assets of the Omolonsky hub. Production at the assets stopped…
Coal-extracting companies of Kazakhstan produced 18.3 million tons of coal in January-February. 10.4 million tons of coal were shipped to energy producing companies, and industrial enterprises received 936,800 tons. 1.4 million tons were shipped for public and utility needs. 4.6 million tons will be exported. According to the Ministry of Industry and Infrastructure Development, the…
In 2019, ArcelorMittal Kriviy Rih decreased its net income from 68 billion UAH to 62.4 billion UAH. Net loss totaled 2.3 billion UAH as opposed to a net profit of 9.5 billion UAH in 2018. The extraordinary meeting of shareholders on October 10, 2019, decided to spend 10.85 billion UAH to pay dividends, or 2.81…
KMAruda has successfully passed audit for the correspondence of its integrated management system to ISO 45001:2018 (labor and health safety management system) and ISO 50001:2018 (power management system). The company has received the certificates for the first time. ISO 45001:2018 replaced OHSAS 18001:2007. The certification audit has been carried out by SGS Vostok Ltd, the…
In January, Russia exported 36.4 thousand tons of ferrosilicon, up by 35% MoM and flat YoY. Price dropped from $1105 to $977 per ton. Deliveries to Korea grew from 1.3 thousand tons to 9.1 thousand tons, and to Japan – from 7.9 thousand tons to 12 thousand tons. At the same time sales to the…