In January-March, the net profit of Rusal Bratsk Aluminum Works increased 1.9-fold YoY, to 1.344 billion rubles. Revenue grew by 7.4%, to 27.214 billion rubles, and gross profit – by 9.7%, to 2.619 billion rubles. Other income increased 5.5-fold, to 570.3 million rubles, while other expenses dropped 2.8-fold, to 42.5 million rubles. (Ukrainian metal)
Exports of Chukotka coal to Asian markets will grow. Coal output at the Amaam coal basin will increase from 576 thousand tons in 2018 to 680-750 thousand tons in 2019. TIG Company expects sales growth from 393 thousand tons to 650-720 thousand tons. The company has purchased four 500-ton barges. It also intends to design…
Mednogorsk Copper-Sulfur Works has carried out a project to replace filter equipment. New Shandong Jingjin Environmetal Protection Equipment Co. Ltd filter-presses have been assembled at the dust-processing site of the sulfur acid shop. Investments reached 41.2 million rubles. The filtration area of the new equipment is almost twice larger – 240 square meters. (Ukrainian metal)
Novinsky Metal Structures Works has started carrying out a Severstal order to produce metal structures of the continuous pickling machine according to Danieli design. The total weight of metal structures will be 1188 tons. As the order is complex, the company has invited other manufacturers to participate. Thus, MAMI, Continent Elite Metal Structures Works, as…
NLMK announced the placement of 7-year $500-million Eurobonds with an annual coupon rate of 4.7% payable semi-annually. The proceeds will be used for general corporate purposes. The issue was oversubscribed more than three-fold with the order book exceeding $1.7 billion at the peak and more than 150 investors. The final order book was subscribed by…
Prices of precious metals decreased in Azerbaijan on May 30 compared to the prices of May 29. The price of gold dropped by 5.9925 manats, to 2,172.5065 manats per ounce. The price of silver fell by 0.0102 manats, to 24.4624 manats per ounce. The price of platinum went down by 11.458 manats, to 1,347.505 manats…
Since the start of the year Beloretsk Iron and Steel Works has presented 14 new steel products to the market: wire, belt and ropes. Trial batches of new products have been shipped to the enterprises of the car, power, cable, electrode and mining industries. In particular, BMK has mastered the manufacture of improved-strength wire. Steel…
Metalloinvest is constructing a crushing and screening plant at the Mikhailovsky Mining and Processing Works. At present the company is assembling a crushing-loading machine. It will be transporting ore from the depth of 200 meters, crushing it to the 150 mm fraction and taking it to the conveyer. At the same time, construction of the…
