Russia: Korshunovsky GOK net profit up in Q1 2019

In January-March, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. The GOK fixed liabilities decreased from 352.6 million rubles to 337.8 million rubles, while short-term liabilities grew from 2.047 billion rubles to 2.053 billion rubles. Gross profit increased 18.5-fold, to 1.572…

Russia: Korshunovsky GOK profit up in Q1 2019

In January-May, Korshunovsky Mining and Processing Works received 1.227 billion rubles of net profit, up 5.7-fold YoY. Revenue grew 2.2-fold, to 3.675 billion rubles. Gross profit increased 18.5-fold, to 1.572 billion rubles. Fixed liabilities dropped from 352.6 million rubles as of December 31, 2018, to 337.8 million rubles, while current liabilities grew from 2.047 billion…

Russia: Korshunovsky GOK laboratory confirms control quality

The inspection of the Russian Accreditation Service has confirmed the expertise of the technical and chemical control at the Korshunovsky Mining and Processing Works. Each year the laboratory of the enterprise analyzes over 130 thousand samples. It controls the quality of the concentrate, the technological process of enrichment, as well as wastewater and pollution. “We…

Russia: Korshunovsky GOK repairs gas-purification system

The processing factory of the Korshunovsky Mining and Processing Works, a part of Mechel, has put into operation 2 dust extraction machines for gas-purification after repairs.

The renewed machinery will improve extraction efficiency and provide more comfortable working condition for the employees.

The total cost of the repairs reached 1 million rubles. (Ukrainian metal)