In 2016 VSMPO-Avisma received 26.633 billion rubles of net profits, up 1.8-fold YoY. Revenues increased by 4.9%, to 76.2 billion rubles, sales profits – by 1.4%, to 30.27 billion rubles. The company fixed liabilities dropped by 15.9%, to 41.495 billion rubles, current liabilities – by 16.1%, to 31.672 billion rubles. By 2021 the company intends…Details
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The authorities of the Schelkovo district of the Moscow region were presented the project of modernization of Schelkovo Iron and Steel Works and the putting into operation of the tin-plate line. According to the production workshop head Vladimir Merkulov, investments will total some 3.5 billion rubles. The main problem in the realization of the project…Details
In 2016 Russia consumed 2.6 million tons of galvanized steel and 1.9 million tons of polymer-coated rolled metal. Metal Profile Company processed and sold some 600 thousand tons of coated metal, according to the company commercial director Dmitry Andreev. The expert noted a worrying trend of thinning metal. In 2015 0.3-0.35 mm thick steel consumption…Details
In 2017-2019 Kolmar intends to spend some 17.4 billion rubles to develop the Inaglinsky mining and processing complex and 11 billion rubles to modernize the Denisovsky GOK in Yakutia. Inaglinsky includes an open-pit and Inaglinskaya mine, as well as the Inaglinskaya-2 processing factory. At present the open-pit yields some 2 million tons of coal and…Details
In January-March Evraz Dneprovsky Iron and Steel Works produced 203 thousand tons of rolled metal, down by 9.4% YoY. Steel output declined by 9.7%, to 243 thousand tons, pig iron – by 11.8%, to 232 thousand tons. In March DMZ produced 70 thousand tons of rolled metal, 79 thousand tons of steel and 78 thousand…Details
The government of Kyrgyzstan proposes to regulate the export of gold ore through taxes, Vice Prime Minister Oleg Pankratov said at a meeting of the parliamentary committee on the fuel, energy complex and subsoil use on April 18. The deputies suggested voicing the government’s position, as they were currently drafting a bill. Therefore, it is…Details
The State Fiscal Service has presented the list of the largest taxpayers in 2016. In two fields – metal and finances – the leaders hail from Dniepropetrovsk region. In metal industry the largest taxpayer was ArcelorMittal Kriviy Rih with 2389.4 million UAH, in banking – PrivatBank with 4094 million UAH of taxes. The 100 largest…Details
In January-March Kazakhstan mined 5.3 thousand tons of uranium. “This is down by 13% YoY, and is 24% of the annual target”, the energy minister Kanat Bozumbayev declared. In January Kazatomprom announced the decrease in 2017 uranium output by 10%. “The decrease will exceed 2 thousand tons of uranium of the planned target for 2017.…Details
In January-March Krasnoyarskkraiugol mined over 2 million tons of coal, up by 20% from the target and by 287 thousand tons YoY. Pereyaslovsky and Sayano-Partizansky open-pits showed the highest growth, with the latter increasing output 1.5-fold in 2 years. In 2016 it mined 700 thousand tons of coal. At present the open-pit is preparing the…Details
Severstal Balakovo, a part of Severstal Russian Steel, has started producing hot-rolled wire (wire rod) with 6.5 mm diameter. The quality has been confirmed by the laboratory tests and corresponds to GOST 2590 and TU 14-1-5283-94. The shop can produce some 65 tons of wire rods per hour. The wire rods are used in the…Details
In January-March MMK produced 3.066 million tons of steel, up by 1.4% YoY. According to the company statement, the total loading of capacities at the main site in Magnitogorsk exceeded 94%. Product sales dropped by 2.3% YoY, to 2.723 million tons. High added value products manufacture increased by 5.1%, to 1.313 million tons. The share…Details
Since the beginning of 2017 the Raspadskaya miners have yielded 1 million tons of coal, up by 19% YoY. “Since the end of 2016 the miners have been keeping pace of work. To effectively mine coal this year the company carries out a massive modernization of mining equipment”, the Raspadskaya Coal Company CEO Sergey Stepanov…Details
The head of the Russian Federal Agency on state reserves Dmitry Gogin confirmed that Russia was supporting Donbass enterprises. Earlier the head of the Russian commission “on humanitarian aid” to the territories of the south-eastern districts of Donetsk and Lugansk regions of Ukraine Sergey Nazarov declared, that “companies, affected by the economical and transport blockade,…Details