Russia: Rusal revenue up in 2017

In 2017 Rusal increased revenue from $7.983 billion to $9.969 billion. Mostly because of the aluminum price rise by 22.7% (to $1968 per ton), increase in the primary aluminum and alloys sales by 3.6% and the growth of the high added value products sales from 44% to 47.3%. EBITDA grew by 42.4%, to $2.12 billion,…

Russia: Vorkutaugol assembling safety system at mines

Vorkutaugol has started assembling a multi-functional safety system at the Vorkutinskaya, Zapolyarnaya, Komsomolskaya and Vorgashorskaya mines. In December 2017 the mines started receiving the Strata system components, produced in Russia, Kazakhstan, USA and South Africa. In January Alpha-Safety specialists arrived to implement the system. When the system is launched in July, its three main options…

Russia: VSMPO-Avisma overfulfills manufacture plan

In January VSMPO-Avisma manufacturing plan was 102.17% fulfilled.

According to the company manufacturing director Oleg Ryabov, the shops Nos. 1, 20, 31, 37 and 38 coped with the task the best.

Not even long New Year holidays prevented them from reaching the target. (Ukrainian metal)

Ukraine: Pervomayskugol buys conveyer belts

The state enterprise Pervomayskugol has ordered Erlite LLC the delivery of rubber conveyer belts valued at 78.94 million UAH. In particular, the enterprise has ordered 25450 meters of belt produced by Kursk Factory of Technical Fabrics (Russia). In late December 2016 Erlite supplied conveyer belts to Selidovugol at prices 23-26% lower. The goods have to…

Kazakhstan: projects worth 95 billion launched in Akmola region

Within the framework of the Industrialization Map 7 projects to the amount of KZT 95 billion were launched in 2017, governor of Akmola region Malik Murzalin informed.

In particular, KazakhAltyn concern launched 3 gold recovery factories with total capacity up to 4 tons of gold a year. (Kazinform/Ukrainian metal)

Kazakhstan: state subsidy to be withdrawn from Arcelor Mittal

The budget funds earlier provided to Arcelor Mittal may be withdrawn, Vice-Minister of National Economy of Kazakhstan Bauyrzhan Bekeshev said during the enlarged meeting of the Committee for Economic Policy, Innovative Development and Entrepreneurship of the Senate. The topic of the discussion was the bill on “Ratification of the agreement of voluntary reconciliation between the…

Russia: Uralcable output up in 2017

In 2017 Uralcable produced 102 thousand km of car cable. In 2016 the output was 73 thousand km. The growth of output has to do with the improvement of technological effectiveness and the automatization of manufacturing processes. “This year we intend to increase output first and foremost due to the replacement of machinery. In H2…

Russia: Rusal net profit up in 2017

The net profit of Rusal in 2017 increased by 3.6% YoY, to $1.222 billion. According to the company statement, EBITDA grew by 42.4%, to $2.12 billion, while revenue increased by 24.9%, to $7.224 billion. The company net debt as of December 31, 2017 was $7.649 billion, down by 9.2%. Rusal accounts for around 7% of…

Kazakhstan: EDB to fund coal production

The Eurasian Development Bank (EDB) and Bogatyr Komir Company signed a loan agreement to finance Bogatyr Komir’s investment program aimed at modernizing coal production processes at the Bogatyr mine, the press service of EDB said in a message. The document was signed by Andrey Beliyaninov, Chairman of the Management Board, from the EDB, and Murat…

Russia: RM-Steel resumes sections manufacture for AutoVAZ

RM-Steel has resumed the manufacture of sections.

The products are intended for the LADA 4×4 (Niva 21214) project.

The sections will be produced according to ISO 9001:2015 and IATF 16949:2016.

The main goal of the company for the coming years is to create favorable conditions for the development of machine-building and automobile enterprises. (Ukrainian metal)

Russia: KMAruda passes ISO and OHSAS audits

KMAruda has passed the audit for the correspondence to ISO 9001:2015 (quality management), ISO 14001:2015 (environment management system) and OHSAS 18001:2007 (professional safety and health management). The certification audit was carried out by SGS Vostok Ltd., a Russian subsidiary of SGS (Switzerland). KMAruda started implementing the management systems in early 2017. “The granting of the…

Russia: Onexim no longer Rusal shareholder

The Onexim Group of Mikhail Prokhorov has left the ranks of Rusal shareholders, according to the company statement on the Hong Kong stock exchange. On February 16 Onexim’s share in Rusal decreased from 6% to 0%. At the same time the share of Zonoville Investments Limited increased to 26.5% from 20.5%. Onexim, which owned 17%…