Aleksandrinskaya Mining Company has started implementing the ERP system. The system allows combining and automating the main processes at the enterprise – from purchasing and technical maintenance of the machinery to finance and personnel management to manufacture planning. The system consists of 7 blocks. It will replace the outdated and segmental sets of accounting programs.…
In July Zlatoust Electrometallurgical Works produced 5182.9 tons of liquid steel, up by 3.8% from the target. In particular, the electric arc shop No. 2 produced 4667.1 tons. The company also produced 5089 tons of rolled metal, including 80% of high-alloyed and stainless steel grades. The mill-750 produced 2863 tons (up by 1.4% from the…
Fincraft Resources has started consulting on the issue of listing its nickel and cobalt mining subsidiary Kaznickel on the Hong Kong Stock Exchange. Until the end of the year the company intends to get $260 million from Kaznickel IPO by selling 25% in it to finance the next stage of the development of its main…
In January-June Susumanzoloto received 5.436 billion rubles of revenue, up by 1.2% YoY. Sales profit grew by 11.9%, to 1.446 billion rubles. Net profit increased by 6.3%, to 996.171 million rubles. This year the company intends to extract 6.5 tons of gold. (Ukrainian metal)
Tatprof is capable of producing over 10 thousand various sections of aluminum, 500 of which are finished products. The others are used in various industries: architecture, car manufacturing, power, defense, space sphere, etc. The company produces around 3.6 thousand tons of sections per month. 7 press machines allow extruding 60 thousand tons of sections per…
In July Yuzniy Mining and Processing Works produced 1043.7 thousand tons of concentrate, on par with July 2018. Sinter manufacture grew by 114.3%, to 121.1 thousand tons. In January-July UGOK produced 7319.3 thousand tons of concentrate, up by 3% YoY, and 789.8 thousand tons of sinter, down by 17%. (Ukrainian metal)
The assets of the bankrupt Donelectrostal have been put on sale for 93.3 million rubles. In particular, 4 land plots with the combined size of 411,393 square meters in Novoaleksandrovka village will be sold. A part of one of the plots with the size of 9,880 square meters will be recovered in favor of the…
Mechel has signed a contract with Jiangsu Sha Steel Group, the largest private steel manufacturer in China, on coal delivery. The new contract will be valid from September 2019 till August 2020. Mechel will have to ship 720 thousand tons of premium coking coal produced at Yakutugol to JSS. The price will be based on…