Kumtor Gold Company has released the Annual Environment and Sustainability Report for 2016, Media Relations Department of KGK reported. The task of the report is to inform government agencies, the non-governmental sector and the public of the country about the state of environmental activities at the mine and about the environment protection activity of the…
As part of preparations to launch the Bystrinsky Mining and Processing Plant, Nornickel has completed construction of a modern landfill site for solid waste. Designed to eliminate the plant’s environmental footprint, it is the only waste disposal site in the Trans-Baikal Territory today that is fully compliant with all sanitary regulations. Nornickel treats environmental protection…
According to Zaporizhstal CEO Rostislav Shurma, employees start leaving Ukraine because of the adoption of the visa-free regime between Ukraine and the European Union. “We have the problem of personnel leaving. We believe it has to do with the visa-free regime. Our task is to organize the work in such a way as to keep…
Zaporizhstal intends to continue the reconstruction works and produce 4 million tons of steel per year. According to the company CEO Rostislav Shurma, in the past 5 years Zaporizhstal has invested some 6 billion UAH into modernization, which allowed it to settle important environment issues. “We have almost completely renovated our blast furnace shop. 3…
Ormet has started preparing the territory of the Luchistoye deposits for the quarry construction. In August the company will construct electricity lines, a substation and inner power grid. Investments into power infrastructure will total 2 million rubles. Equipment for the substation will cost around 4.6 million rubles. The first power objects will be commissioned in…
In January-June Kinross Gold produced 289.391 thousand ounces of gold at its Kupol and Dvoynoy deposits in Chukotka, down by 29.9% YoY. The scheduled decrease in output has to do with the processing of leaner ores in Q2. The company has started taking samples at the Sentyabrskoye deposits. Moroshka deposits are being prepared for operation.…
In January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…
MEGA-stal (Moscow region) has completed the manufacture modernization. Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85. The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)