In January-March Mechel decreased its net losses 1.7-fold YoY, to 5.1 billion rubles. According to the company statement, its revenue grew 2.2-fold, to 2 billion rubles. Gross profit increased 2.1-fold, to 2 billion rubles. Sales profit totaled 1.6 billion rubles, up 2.8-fold. The company fixed liabilities increased by 2.6%, to 239.7 billion rubles, while current…
ArcelorMittal Kriviy Rih intends to spend the 2017 profit on the manufacture development. The decision was taken at the recent annual shareholders meeting. A new supervisory board and revision committee have also been elected. Last year AMKR received 66.19 billion UAH of net income, with net profit at 5.06 billion UAH. (Ukrainian metal)
China National Petroleum Corporation is building a mini-pipe works with the capacity of 100 thousand tons per year. The works will occupy a territory of 18.3 ha in the industrial zone of Almaty. Investments in the project will total $100 million, with a half to be provided by the Chinese investor. In the long-term it…
Information from anonymous sources of agencies Reuters and Bloomberg about Russian aluminum giant UC RUSAL is questionable, the company said on its Facebook page on April 27. “In connection with publication of reports about RUSAL by agencies Reuters and Bloomberg based on information received from anonymous sources of questionable quality, RUSAL’s press office states the…
AzerGold closed joint stock company intends to work out a strategic roadmap for integrated development of the mining industry in Azerbaijan, Zakir Ibrahimov, chairman of board of AzerGold CJSC, said. “We intend to work out a strategic roadmap that will reflect a number of key tasks to develop the mining industry in Azerbaijan, as well…
Oleg Deripaska plans to keep control over RUSAL even as the Russian aluminum giant battles for survival in the face of harsh U.S. sanctions, Bloomberg reported on April 26, citing people familiar with the matter. Deripaska was counting on lobbying by European governments to help ease the U.S. sanctions, said the people, who asked not…
Sinida-1, a part of Seligdar, has started the ore gold mining season. On April 25, after a winter break and modernization, the gold-extracting factory at the Nerundinskoye deposits (Buryatia) was put into operation. “We expect increase in gold extraction. We plan to reach 74% of extraction as opposed to 45% last year. This will be…
Izhstal has been included into the registry of suppliers approved by the Pipe Metallurgical Company. TMK has included Izhstal into its list following the audit of the Pipe Industry Research Institute. The audit has confirmed the Izhstal correspondence with the requirements of ISO 9001, supply agreements and legislation. “This allows us selling metal products to…
