Chepets Mechanical Works has concluded a 5-year contract for the delivery of a large batch of rolled titanium to Hermith GmbH. According to the agreement, the works will supply over 1 thousand tons of various titanium products to the European market valued at $34.5 million. “We plan to supply the ChMZ metal to all the…
In January-June Pobuzhye Ferronickel Plant intends to carry out repairs of its main machinery valued at 46.9 million UAH. According to the company CEO Oleg Bespalov, in 2016 the plant carried out repairs valued at 50.33 million UAH. This year the company will also spend 31.3 million UAH on environment protection. The works intends to…
In 2016 Avdiivka Coke and Chemical Works received 808.74 million UAH of net profits, up 2.6-fold YoY. According to the company statement, the cost of its assets at the end of 2016 totaled 19.07 billion UAH. The company accounts receivable reached 11.61 billion UAH, current liabilities – 10.53 billion UAH and fixed liabilities – 817.24…
U.K. Highland Gold Mining (HGM), which operates in Russia, has estimated capital expenditures on the Unkurtash deposit in Kyrgyzstan to amount to $322 million, the company said in a statement on March 20. The field’s annual gold output is expected at 133,000 ounces, or 4.14 tons, on average with operating expenses of $616 per ounce…
In 2016 the largest pig iron producer Tulachermet received 1.8 billion rubles of net profits, up from 253 million rubles in 2015. At the same time net profits in 2014 totaled 1.9 billion rubles. The company revenues last year increased by 15% YoY, to 34.57 billion rubles. Sales revenue dropped to 1.39 billion rubles from…
The authorities of the Kemerovo region and the Taltech group have signed an agreement on the socio-economical cooperation in 2017. This year Taltech intends to increase coal output by 13.5%, to 4.2 million tons. Investments of 300 million rubles will be spent on engineering and construction of enterprises as well as the purchase of new…
In January-February Russia produced 580 thousand tons of steel structures and parts, down by 14.5% YoY. According to the Federal Service of State Statistics, in February steel structures output increased by 18.8% YoY and by 14.8% MoM. (Ukrainian metal)
In 2016 Norilsk Nickel bought some 5 tons of palladium from Global Palladium Fund. The authorized capital of the fund received $100 million, which allowed making trial transactions. The fund is toying with palladium transactions. Last year it successfully bought palladium and then resold it to the major customers of Norilsk Nickel. This year the…
