In 2016 Beloretsk Iron and Steel Works, a part of Mechel, received 315.5 million rubles of net profits, down 6.6-fold YoY. The works revenue dropped by 2.5%, to 22.89 billion rubles. Export sales decreased by 14.7%, to 4.49 billion rubles, while local sales went up by 1.1%, to 18.4 billion rubles. In Q4 2016 BMK…Details
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For the first time in the last 8 years Izhstal, a part of Mechel, has received net profits – 121.4 million rubles in 2016. Its net losses amounted to 1.5 billion rubles in 2015 and 1.8 billion in 2014. In 2016 Izhstal received net profits only in the second half. Q4 2016 saw 205 million…Details
NLMK president Oleg Bagrin said that the group was studying the option of buying rolling assets abroad, in particular on developed markets. “We like developed markets, as they provide stability and growth”, he said, adding that new assets should be complimentary to the existing ones and the company strategy. The group also strives to be…Details
By 2018 NLMK will increase iron ore concentrate output by 1.7 million tons, to 16.6 million tons. According to the company statement, in November 2016 it put into operation the pelletization factory at its Stoylensky GOK with the capacity of 6 million tons of pellets per year, which could be increased to 7.2 million tons.…Details
In February the Yuzhniy Mining and Processing Works produced 941.3 thousand tons of iron ore concentrate and 135 thousand tons of sinter, up by 9.2% and by 13.4% YoY respectively. In January-February concentrate output at UGOK increased by 11.1% YoY, to 1.989 million tons, of sinter – by 26.9%, to 338.9 thousand tons. (Ukrainian metal)Details
The Pipe Metal Company has started supplying new premium-quality products to its customers – the Light insulated lift pipes (ILP). Last year the company sold 14.5 km of Light ILP to Tyumenneftegaz, a daughter company of Rosneft, as well as Messoyakhaneftegaz, a Rosneft and Gazprom neft JV. The ILP are used as compressor-pump pipes to…Details
ArcelorMittal, the biggest foreign investor in Ukraine, is concerned about possible negative consequences of railway connection blockade in the east of the country. The blockade of coal supplies from uncontrolled territories of Donbass threatens energy stability of the plant and supply of raw materials needed for production activities. Eastern region, as the source of supply…Details
The State Executing Service has unblocked all Lvivugol accounts. The Lviv region miners will receive their salaries, the regional governor Oleg Sinyutka reported. The miners announced they would go on a strike on March 9, because of the salary debts. The issue was discussed with the regional authorities. According to Lvivugol, on March 6, it…Details
The government of the Magadan region and Status LLC have signed an agreement on the operation at the gold-bearing deposits on the territory of Yagodnoye town district. In 2015-2016 the company invested 470 million rubles in the development of the manufacturing capacities and paid 390 million rubles of taxes. The company also mined 2.6 tons…Details
The loading site of Bashkirskaya Med in Sibay has received the new railroad scales. The cost of the machinery is 1.7 million rubles. “Now our controllers weigh all the wagons. They work day and night. All the weighing operations are automatically saved in the database. Now that we weigh everything ourselves and not with the…Details
15 years ago Yuznhy Kuzbass put a new processing factory Krasnogorskaya into operation. This was the first enterprise in the Kemerovo region to process anthracite. 2002 saw the first record – 150 thousand tons of coal processed at the project capacity of 130 thousand tons per month. In 2003 the processing volumes increased to 1.8…Details
In 2016 the Priagrunskoye manufacturing mining and chemical enterprise (PPGHO) increased net profits to 14.3 million rubles. According to the company CEO Sergey Shurygin, in 2016 it produced 1873 tons of uranium concentrate and mined 3027 thousand tons of coal. In 2013 the company losses totaled 3.5 billion rubles. In 2017 PPGHO plans to put…Details
According to Russian Copper Company environment, labor safety and industrial safety department director Natalia Gonchar, in 2017 the company intends to invest 1.6 billion rubles into environment protection (1.3 billion invested in 2016). The money will be spent on the protection of air, water, soil, and waste treatment. Moreover, Karabashmed, a part of RMK, environment…Details