Olcha gold-silver deposits have supplied the first batch of ore to processing works. All the roads were constructed last year. “This is a very ambitious project. And the implementation of new projects in precious metals mining confirms the fact that Magadan region is firmly moving forward, increasing gold and silver output from year to year”,…
DetailsChelyabinsk Iron and Steel Works has made 23 deals with Mechel and its divisions on providing the group with 6.5 billion rubles and 9.7 billion rubles to its divisions. The total cost of the contracts is 16.2 billion rubles. One loan of 2.2 billion rubles will be given till April 1, 2022. 3 agreements with…
DetailsIn 2016 gold output in Sverdlov region dropped by 15% YoY, to 6710 kg. The region also produced 348 kg of platinum, up by 20%, and 37664 kg of silver, down by 21%. The major gold-miner of the region – Zoloto Severnogo Urala, a part of Polymetal, – mined 476 kg of gold, demonstrating a…
DetailsRinat Akhmetov’s Metinvest companies have devised a plan to avoid environment control in Mariupol. “Yesterday at noon near the Silpo supermarket on the left bank there was a horrible smell from Azovstal. And so what? It’s Saturday-Sunday. Stationary environment control posts are not operational (because of the weekends). Neither is the mobile laboratory”, a local…
DetailsMine No. 10 Stepnaya of Lvivugol resumed operation. According to Lvivugol, coal is mined in normal mode. Emergency rescuers are present at the mine. On March 2, following the explosion 8 miners perished and 20 were rushed to hospital. (Ukrainian metal)
DetailsMinerfin (Slovakia) and Zaporizhstal will not stop investing into the Zaporozhye Iron Ore Complex. “Despite the very difficult situation – two years ago iron ore world prices dropped sharply – we still carried on investing in the construction of the grinding complex. I hope the development of the enterprise will not stop, and together with…
DetailsMariupol Ilyich Iron and Steel Works is continuing the reconstruction of the gas-purifying system at its sintering factory. “Builders are active in the construction of the desulfurization complexes of sintering machines No. 7-9”, the company CEO Yuri Zinchenko reported. “In a month all the metal structures will be assembled (120 tons have been assembled so…
DetailsIn January raw cobalt production in Russia decreased by 7.9% YoY and by 0.5% MoM. According to the Federal Service of State Statistics, raw nickel output dropped by 40.7% YoY and by 27% MoM. (Ukrainian metal)
DetailsThe Siberian bank of Sberbank has put on sale at Avito.ru the Aluminum Castings Works in Barnaul, Altai region. The bank is selling 4 manufacturing premises, roads and railroads. Three shops are leased. There is also electricity enough for a large industrial enterprise, gas, water and heating. The size of the works is 40.657 thousand…
DetailsInvestments into Karelsky Okatysh, a part of Severstal, in 2017 will reach 4.7 billion rubles. 1.7 billion will be spent on decreasing expenses, increasing output and improving products quality. 2 billion rubles will be spent on buying new equipment. Energy efficiency also remains one of the primary targets. “Not all companies in the industry have…
DetailsIn 2016 NLMK Group increased its EBITDA profitability by 25% YoY and its free cash flow by 9%, to $1.1 billion. According to the company statement, its revenue reached $7.64 billion. EBITDA remained flat at $1.94 billion. Investments dropped by 6%, to $559 million. The net debt of the group decreased to $0.69 billion. (Ukrainian…
DetailsIn 2016 Meta Group, a part of ChTPZ, sold 1.354 million tons of scrap, up by 4% YoY, with 760 thousand tons being the group procured scrap, and 594 thousand tons – transit scrap. Meta-Perm demonstrated the growth of 6.1 thousand tons, Vtorchermet – 10.6 thousand tons, Meta-Chelyabinsk – 17.1 thousand tons, and Meta-Yekaterinburg –…
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