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The Central Bank of Russia has increased gold purchases to the maximum since the start of the year. In July Russia bought slightly over 26 tons of gold, increasing its gold reserves to 2170 tons valued at $77.4 billion. A larger purchase was only in November 2017. The Central Bank started increasing gold reserves in…
DetailsKarelsky Okatysh is implementing new techniques in the power sphere. The company is carrying out a major project to make all the electric substation automated. The project will run till 2021. Investments total 500 million rubles. “The project started in 2013. It was very difficult, as no Russian enterprise had such a project. We had…
DetailsIn January-June ChTPZ received 5.621 billion rubles of net profit, up 2.7-fold YoY. The adjusted EBITDA grew by 48%, to 16.238 billion rubles. Revenue went up by 31%, to 94.941 billion rubles, and gross profit – by 36%, to 23.477 billion rubles. The company net debt grew by 8.6% and as of June 30 amounted…
DetailsSeverstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…
DetailsPJSC ArcelorMittal Kriviy Rih has won a rebars drop shipment contract for construction of new wind power plant (WPP) in Overyanovka village of Kherson region. Rebars of the enterprise are used for raising foundations for wind-powered generators of new power generation plant in the southern part of Ukraine. Kherson region is one of the leading…
DetailsPrime Minister Vladimir Groysman has ordered the Ministry of Finances and the Ministry of Energy and Coal Industry headed by Igor Nasalik to find additional sources of financing the state coal industry. “We need more system changes to attract investments and increase local coal output”, he said at a government meeting on August 23. He…
DetailsThe copper-smelting shop of Uralelectromed has modernized and commissioned an anode furnace No. 2 with the unification of anode removers for two types of anodes – 260 and 392 kg. In three weeks of operation the furnace has produced some 7 thousand tons of copper anodes. “With the commissioning of the second stage of the…
DetailsBeloretsk Iron and Steel Works has confirmed the correspondence of its quality management system to the requirements of the new ISO 9001:2015 version. The representatives of SGS visited the rolling, steel wire and rope, cold-rolling shops and 14 divisions of the works, inspecting the manufacturing process, the quality of documentation and speaking with the employees.…
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