The net profit of the U.K.-based mining giant Evraz, which operates mainly in Russia, more than tripled to $2.47 billion in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on February 28. Consolidated revenue rose by 18.6%, to $12.836 billion. Consolidated earnings before interest, taxes, depreciation and amortization…
Since the start of its sinter shop operation, Chelyabinsk Iron and Steel Works has produced 150 million tons of sinter. The sinter manufacture provides the blast furnace shop with high quality ore concentrate. The ChMK started producing sinter in 1956. 100 million tons were manufactured in 2008. In 2015 ChMK commissioned a new sintering factory…
Since 2017 Revda Non-Ferrous Metals Processing Works and Kirov Non-Ferrous Metals Processing Works have been producing rolled metal of antimicrobial copper and copper alloys under the Cu+ mark. Harmful microorganisms die within 2 hours after landing on its surface. In order to test the efficiency of the method to fight bacterial and viral illnesses, UGMK-OTsM…
KAZ Minerals is starting preparations for the feasibility study of the Peschanka deposit development. The deposit is situated in the Chukotka Autonomous District. The feasibility study will be prepared by Fluor. The results will be presented in the first half of 2020. In January KAZ Minerals finalized the deal to purchase the Baimskoye copper project…
Bystrinskoye Mining Company LLC, developing the Bystrinskoye deposit of copper, iron and gold ores in Zabaikalye region, intends to process 8 million tons of ore in 2019. This year the company plans to produce 1 million tons of iron ore concentrate and 150 thousand tons of copper concentrate, up from 346 thousand tons and 77…
Sustainalytics, one of the key rating agencies of the ESG sphere, has increased Severstal rating from 54 to 70 points (of the 100 possible), giving it the 8th place among 42 metal companies all over the world. Severstal has also been awarded the “Advanced Company” title. This year Severstal intends to increase investments in environment…
The new air-separation machine in the MMK oxygen shop has produced 100 million cubic meters of technical gases, including oxygen, nitrogen and argon. The machine costing 4.2 billion rubles was assembled at the oxygen station No. 5 site in July 2018. The machine generates 35 thousand cubic meters of gaseous oxygen, 30 thousand cubic meters…
TMK is mulling the possibility of participating in the tender to construct gas pipeline in Bulgaria, since the country intends to join the Turkish Stream. The first branch with the capacity of 15.75 billion cubic meters of gas per year is for the Turkish market, while the second with the same capacity – for the…