Russia: Buryatzoloto profits down in 2016

In 2016 Buryatzoloto, a part of Nordgold, decreased all its financial indexes. In particular, net profits dropped 6.9-fold YoY, to 651.32 million rubles. EBITDA also decreased 6.9-fold, to 818.761 million rubles, sales profits totaled 2.614 billion rubles, down by 22% YoY. The company revenues dropped by 10.3%, to 8.044 billion rubles. In 2016 at its…

Russia: UEM profits down in 2016

In 2016 the net profits of Uralelectromed decreased by 23.6% YoY, to 2.17 billion rubles. Revenue, on the other hand, went up to 28.9 billion rubles from 26 billion rubles in 2015, while sales jumped from 18.3 billion rubles to 22.97 billion rubles. The company says revenue growth was the result of output and sales…

Russia: SUMZ profits up in 2016

In 2016 Sredneuralsky Copper-Smelting Works, a part of UMMC, increased its net profits 10-fold YoY. According to the company statement, it received 2.912 billion rubles of profits, as opposed to 300 million rubles in 2015. In 2014 the company reached the highest volume of net losses – 5.2 billion rubles. Revenues in 2016 increased by…

Ukraine: pellets exports in January-February 2017

In January-February, Poltava Mining and Processing Works, a part of Ferrexpo, exported 1.71 million tons of iron ore pellets. Karelsky Okatysh exported 944 thousand tons of pellets, Lebedinsky GOK – 728 thousand tons, Mikhailovsky GOK (all three – Russia) – 466 thousand tons. Central Mining and Processing Works exported 305.1 thousand tons of iron ore…

Belarus: MMZ exports railway axles to Russia

The Mogilev-based steel mill MMZ has started shipping rough-forged railway axles to Russia, Valery Fishman, Head of the Central Office for Innovations and Investments of the Belarusian Industry Ministry, reported on 30 March. According to the source, two significant projects have been implemented by the Belarusian Metallurgical Company lately. The first one is the production…

Russia: NLMK to get TKZ machinery

The Taganrog Boiler-Manufacturing Plant “Krasniy Kotelschik” has concluded an agreement to supply a steam boiler and boiler equipment to Novolipetsk Iron and Steel Works. The boiler with the steam generation capacity of 220 tons per hour will be able to burn metallurgical and natural gas in various proportions. The utilization of the furnace gas in…

Russia: Buryatzoloto investments up in 2016

In 2016 investments of Buryatzoloto, a part of Nordgold, totaled 1.6 billion rubles. Investments into two of its mines – Irokinda and Kholbinsky – increased by 33% YoY. Prospecting and modernization accounted for the most part of investments – 700 and 737 million rubles respectively. In particular, both mines received Sandvik mining machinery worth 129…

Russia: ChMK improves financial indexes in 2016

In 2016 Chelyabinsk Iron and Steel Works, a part of Mechel, increased its net profits 3.7-fold, to 14.978 billion rubles, hitting a record in all its history.

In 2015 the works earned 4 billion rubles. In 2016 earnings increased by 12%, to 107 billion rubles. (Ukrainian metal)

Ukraine: DTEK warns against working at seized mines

DTEK has warned about the risk of working at the enterprises occupied by the militants on the temporarily uncontrolled territory. According to the company statement, prior to the take-over it guaranteed the fulfillment of all normative and technical documents in labor and industrial safety. Moreover the company paid for all training, attestation of employees, etc.…

Ukraine: Energy Ministry to test all coal

The Ministry of energy and coal industry initiates the implementation of the laboratory control of imported coal not to allow deliveries of coal from the terrorists-taken mines on the temporarily occupied territories of Donetsk and Lugansk regions. “Each mine is like a fingerprint: coal deposits have a unique geological and chemical formula, and the laboratory…

Russia: Severstal prices drop

From March 29, Severstal decreased prices on its main products – hot- and cold-rolled metal, galvanized metal and polymer-coated metal – by 2.7-6.2% per ton, depending on the product. “Despite a slight pressure on the prime cost of our products of such factors as ruble strengthening and tariff increase, we decrease our ruble prices. We…

Russia: Magnezit profits in 2016

In 2016 Magnezit (refractories manufacturer from Chelyabinsk region) received 37.87 million rubles of net profits, as opposed to 115 million rubles of losses in 2015.

The company revenue in 2016 increased by 2%, to 6.29 billion rubles.

Sales profits increased by 36%, to 464 million rubles. (Ukrainian metal)

Russia: scientists create titanium-tantalum alloy

Scientists at the Institute of Nuclear Physics of the Novosibirsk state technical university have developed a new technology to make titanium-tantalum alloys. As the result they have received a highly corrosion-resistant material, which is only slightly damaged by the aggressive environment. A pilot chemical mini-reactor has been constructed using this technology. After experiments, the term…

Russia: Severstal-Metiz selling rebars to Poland

Severstal-Metiz has certified its rebars for deliveries to Poland. According to the company statement, Building Research Institute has confirmed the high quality of the Cherepovets rebars with 9.3, 12.5 and 15.2 mm diameter and their correspondence to the market requirements. “The new certificate has opened a new sales market for our rebars. And for the…