The net loss of Tigers Realm Coal (TIG), developing the Fandyushkinskoye coal deposit in Chukotka, in 2019 amounted to 18.8 million Australian dollars. In 2018 the group received a profit of 10.9 million. The decrease is due to a 27% growth in the cost of FOB shipments, royalty payments and other factors. Revenue dropped by…
In 2020 Balakovo Iron and Steel Works intends to reach its design capacity – 1 million tons of metal per year. Since the emergence of new owners, over 200 jobs have been created. Now the company employs 1220 people with the average salary of 62 thousand rubles. The shareholders plan to develop infrastructure by creating…
In December 2019 Russia exported 13 thousand tons of secondary aluminum, up by 14% MoM and by 91% YoY. Deliveries to Japan grew by 21%, to 10.1 thousand tons, and to Cyprus – by 11%, to 1.3 thousand tons. In 2019 exports totaled 118.2 thousand tons, up by 56% YoY, having increased by 30% in…
In December 2019 Russia imported 9.3 thousand tons of copper scrap and wastes, down by 6% MoM, but up 4-fold YoY. Deliveries from Germany dropped by 38%, to 1.5 thousand tons, and from Kyrgyzstan – from 902 to 554 tons. In 2019 imports totaled 57.6 thousand tons, up by 109% YoY. In monetary terms imports…
British Expertise International hosted the Mining in Kazakhstan: Roadshow London 2020 to discuss the recent reforms in the country’s mining legislation, as well as to present attractive projects to potential foreign investors. The roadshow was organized by the Embassy of Kazakhstan in the UK jointly with British Expertise International. The event’s speakers were Kazakhstan’s Vice-Minister…
Members of the Federation of Trade Unions of Kyrgyzstan will hold a second protest rally, Chairman of the Central Committee of the Mining and Metallurgical Union Eldar Tadzhibaev has announced. According to him, nothing was achieved at the last rally on February 25, as the current chairman of the Federation of Trade Unions, Mirbek Asanakunov,…
Almetievsk Pipe Works has mastered the manufacture of section pipes with the wall thickness of 0.8, 1 and 1.2 mm of cold-rolled steel. This thickness suits furniture structures manufacturers. The company has added new sizes of pipes to its portfolio – 15×15 and 20×20. ATZ used to produce section pipes of galvanized steel. (Ukrainian metal)
ODK-PM auditors have highly evaluated the manufacturing process and the quality management system at Zlatoust Iron and Steel Works. The group of auditors visited the works in late February. The goal of the visit was to inspect the manufacture and quality management system for compliance with requirements of ODK-Perm Motors, the manufacturer of aviation engines.…