Russia: UEM to extract antimony from slag

Uralelectromed has increased the capacity of its site to process industrial products of the chemical and metallurgical shop. Antimonous slags originating during the pyrometallurgical processing of lead cake are sent to the chemical and metallurgical shop, operating since 2017. In 2019 the site received two additional electrolysis baths, which would allow producing 100 tons of…

Russia: Severstal invests over 1 billion rubles in CherMK labor safety

In 2019 Severstal invested 1.1 billion rubles in labor safety at Cherepovets Iron and Steel Works. In particular, the group has reconstructed premises in order to improve working condition and decrease risk of injuries. The reconstruction mostly concerned ventilation systems, conditioning, replacement of old lighting system and the assembly of railings. All in all there…

Russia: Evraz net profit down in 2019

In 2019, Evraz received $365 million of net profit, down by 85.2% YoY. EBITDA dropped by 31.1%, to $2.6 billion. Consolidated revenue fell by 7.3%, to $11.9 billion. At the same time capital investments increased by 44.6%, to $762 million. This year Evraz plans capital investments on the level of $900 million. Net debt as…