Ukraine: Stalkanat-Silur income up in 2016

In 2016 Stalkanat-Silur received 34.49 million UAH of net profits.

The company net income went up by 16%, or by 212.5 million UAH, to 1.53 billion UAH.

In 2015 Stalkanat-Silur received 194.98 million UAH of losses, having increased its net income by 18% YoY, to 1.32 billion UAH. (Ukrainian metal)

Russia: Kolyma gold potential up in 2016

In 2016 the Magadan region mining companies increased gold reserves by 12.9 tons, with 0.9 million tons being alluvial gold and 12 tons – ore gold.

Silver reserves increase totaled 37.8 tons.

In 2015 gold and silver reserves in the region increased by 12.3 and by 49.4 tons respectively. (Ukrainian metal)

Russia: Izhstal turns 257

Izhstal, a part of Mechel, is now 257 years old. The best employees received various awards and medals. “The works has a good history. Our task is to retain and multiply the labor traditions of Izhevsk metal makers and to continue the legacy began by our predecessors”, the company managing director Sergey Kozennov declared. (Ukrainian…

Russia: Evraz ZMSK assembling new converter

The second oxygen-converter shop of Evraz ZSMK has started assembling the new 320-ton converter. The project cost is 1.2 billion rubles. Converter No. 5 has been working at Evraz ZSMK for some 12 years. The replacement of the converter will decrease air pollution by 30%. The steel-smelting complex of Evraz ZSMK includes 5 converters and…

Russia: Rusal acquires share in Skad

Rusal acquires a share of the foundry and mechanical production facility Skad, producer of aluminum alloy car wheels, located in Krasnoyarsk region. Under the terms of the transaction, Rusal will own a stake in the authorized capital of Skad, while its founder Idris Zakriev will remain the Chief Executive Officer of the production facility. Skad…

Ukraine: terrorists want access to Avdiivka Coke

The representatives of the so-called Donetsk People’s Republic, a terrorist organization supported by the Kremlin, demand access of their inspectors to Avdiivka Coke and Chemical Works on Ukraine-controlled territory because of the “ecological danger”. According to Denis Pushilin press-secretary Victoria Talakina, this was voiced during the Minsk meeting. She said, that during the military conflict…

Russia: gold refiners want zero VAT for metal refining

Russian gold refining companies want value-added tax (VAT) on metal processing abolished and the deadline for abolishing a zero import duty on raw materials that contain precious metals extended to make their operation profitable. Sergei Belov, a deputy CEO for gold refining at Krastsvetmet, said that gold refining plants had import duties on raw materials…