The Russian industrial holding Kolmar has transported 2 thousand miners and their families from the occupied Donbas to Yakutia. According to the holding CEO Artem Levin, the company has provided Russian passports to Ukrainian miners and settled them in Neryungri. In 2016, the then-CEO Sergey Tsivilev announced that the holding hired 200 miners from Donbas.…
Metinvest is launching a large-scale project to construct a new cold-rolling shop at the Mariupol Ilyich Iron and Steel Works. Investments will exceed $1 billion. It is expected, that in 2025, when the first stage will be completed, the works will produce around 1.2 million tons of cold-rolled, galvanized as well as polymer-coated metal per…
Severniy Mining and Processing Works has spent 30.7 million UAH on upgrading its locomotive. All the faulty units have been replaced. A transformer and compressors were repaired. 12 traction engines were installed. The repair was carried out by Konotov Diesel-Train Repair Works. This year, SevGOK will invest 1.6 billion UAH in repair of machinery, equipment,…
In January-July, Chukotka Autonomous District produced 14,083 kg of gold, up by 2% YoY. Ore gold accounted for 13,013 kg and alluvial – for 1,070 kg. Kekura deposit yielded 315.2 kg, Kupol – 6,356.5 kg, Karalveyem – 929 kg and Rudnik Valunistiy LLC – 1,080.3 kg of gold. ZK Mayskoye LLC at the Mayskoye deposit…
In January-August, Zaporizhstal increased steel output by 8% YoY, to 2.7 million tons. Rolled metal manufacture grew by 7.7%, to 2.24 million tons, and pig iron – by 1.2%, to 2.9 million tons. In August, Zaporizhstal produced 339 thousand tons of steel, 284.4 thousand tons of rolled metal and 399.4 thousand tons of pig iron,…
In January-July, Severniy Mining and Processing Works increased pellets output by 30.7% YoY, to 4.05 million tons. In July, 685 thousand tons were produced. Iron ore concentrate output grew by 6.5%, to 7.94 million tons, with 1.155 million tons produced in July. (Ukrainian metal)
Azerbaijan’s gold mining company AzerGold’s net profit increased by 287.3% YoY in 2020, the company’s press service reported. In 2020, the company’s net profit increased by about $35.8 million and exceeded $48.2 million. Moreover, the company’s gross profit, profit margin, as well as EBITDA increased. Thus, the total profit of the company increased by $43.04…
In January-June, Metinvest B.V. increased consolidated revenue by 70% YoY, to $8.47 billion. Steel sales grew by 12% and pellets – by 36%. Metal segment revenue amounted to $6.4 billion, up by 65%. The group EBITDA went up 5.3-fold, to $3.795 billion, and the metal segment EBITDA – 7.3-fold, to $1.74 billion. Capital investments grew…