Kazakhstan: AMT shut down

On March 31 the operation of ArcelorMittal Temirtau was completely stopped because of the industrial accident. According to local media, the air duct and the nitrogen pipeline were damaged and fell to the ground at the length of 1 km. There were no casualties. All the rolling shops, sintering machines Nos. 6 and 7, blast…

Russia: Magnezit profit up in 2017

In 2017 the Magnezit Combine received 140.025 million rubles of net profit, up 3.7-fold YoY.

In 2016 the net profit totaled 38 million rubles.

Last year the revenue of the company grew by 10% YoY, to 6.9 billion rubles.

Sales profits rose 1.6-fold, to 765 million rubles. (Ukrainian metal)

Russia: Norilsk Nickel to spend 1 billion rubles on geological survey in 2018

Russian metals giant Norilsk Nickel plans to spend over 1 billion rubles on geological exploration in 2018, Vice President Yelena Bezdenezhnykh said.

“This year investments are 13% higher than in 2017 in terms of geological exploration volumes,” she said. “This is over 1 billion rubles.” (Prime/Ukrainian metal)