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Lermontovsky Mining and Processing Works has cleared salary debts to its employees, the Federal Union of Primorye krai reports. But the company is still idle. The situation was discussed at the meeting of the tripartite commission on March 30. The works was expecting 250 million rubles promised by the governor to resume operation. Lermontovsky GOK…
DetailsIn 2017 Chelyabinsk Zinc Works, a part of UMMC, plans to produce 183 thousand tons of zinc, up from 174.8 thousand tons in 2016. According to the company PR-department director Natalia Vasilyeva, in 2016 output increased by 2.2% YoY. The ChTsZ daughter company in Kazakhstan, NovaZinc, produced 36720 tons of zinc concentrate and 5680 tons…
DetailsThe Pipe Metallurgical Company has for the first time supplied its TMK Up Magna casing pipes with Green Well coating to Lukoil. The pipes have been successfully put into operation in the Caspian Sea. TMK Up Magna is the premium-class joint for casing pipes with 340-508 mm diameter. The share of TMK on the Russian…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has produced rolled metal for the assembly of 2 tunnels in Samara within the reconstruction of the central road – the Moscow highway. The reconstruction is carried out in preparation for the World Cup 2018. In the construction of transport structures Samara uses sheet, beams and…
DetailsTrubodetal, a part of OMK, has passed an inspection audit of its quality management system according to Gazprom 9001-2012 standard. The commission checked the quality management system efficiency, evaluated the operation of inner auditors as well as the results of the corrective measures following the previous check in March 2016. “We regularly improve our business-processes,…
DetailsIn 2016, the flux and dolomite business of the UMG investment company, represented by the Novotroitskoye Ore Mining (NOM) and the Dokuchayevsk Flux and Dolomite Plant (DFDP), increased the sales of limestone products by 24.4% YOY, to 3.4 million tons. Revenue without VAT amounted to 658 million UAH in 2016 compared to 503 million UAH…
DetailsAccording to the previously developed repairs schedule PJSC ArcelorMittal Kriviy Rih has stopped its twin hearth furnace No. 6 (THF-6) of the open-hearth shop. Due to prolongation of THF-6 exploitation term by 2020 the company elaborated the range of compensating measures, which were being imposed from the beginning of 2017. To minimize fugitive emissions the…
DetailsNearly Br30 million will be allocated to support Belarusian Steel Works (BMZ trademark), the managing company of the holding company Belarusian Metallurgical Company reported. The corresponding decree No.100 dated April 3, was posted on the national legal Internet portal on April 5. The remaining balance of the Belarusian national innovation fund, accumulated as of January…
DetailsRussia’s Far Eastern Khabarovsk region plans to produce 9.55 tons of gold in 2017, Nikolai Ishchuk, director of the mineral resource department of the Natural Resources Ministry of the Khabarovsk region, reported on April 4. Platinum production can rise by 1.6%, to 1.55 tons, while silver output can fall by 15%, to 42.7 tons. Combined…
DetailsDneprovsky Iron and Steel Works had to halt operations because of the coke deliveries stop and the lack of funds. Now the company is looking for ways to resume operation. “Because we ceased receiving coke from Alchevsk, we started working with Evraz Yuzhkoks. But the company demands prepayment, and the coke price is $327-325 per…
DetailsIn 2016 Uchaly Mining and Processing Works, a part of UMMC, received 3.019 billion rubles of net profits, down by 8.5% YoY. According to the company statement, its EBITDA totaled 3.93 billion rubles, down by 5.4%, sales profits – 3.345 billion, down by 41%. The company revenues dropped by 10% YoY, to 21.749 billion rubles,…
DetailsSeverstal will buy transformers, produced by Siloviye mashiny – Toshiba LLC, for its Cherepovets Iron and Steel Works. Under the investment project Toshiba will produce and supply power transformers to replace outdated machinery. The company will produce 2T transformers (63 MW). The cost of the first stage, when one transformer will be replaced, is 50…
DetailsIn 2016 Vysochaishy received 6.378 billion rubles of net profits, up by 26.6% YoY, or by 1.324 billion rubles. EBITDA totaled 7.857 billion rubles, revenues – 12.903 billion, up by 9.1% YoY, with 12.835 billion from gold sales 22.401 million from silver sales and 45.548 million rubles from sample handling. Last year the company produced…
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