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Russia: RMK Chelyabinsk results for January-September 2016

In January-September companies of the Russian Copper Company Chelaybinsk division (Mikheevsky GOK, Alexandrinskaya Mining and Ore Company, Karabashmed and Kyshtym Copper-Electrolytic Works) earned 31.25 billion rubles, with 6.25 billion rubles of net profits. In particular Mikheevsky GOK received 13.12 billion rubles with 2.97 billion rubles of net profits. Karabashmed earned 6.92 billion rubles, with net…

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Russia: Olkon to increase output in 2017

Olkon (Olenegorsk Mining and Processing Works, a part of Severstal) plans to invest 250 million rubles in 2016 into the modernization of its mining machinery. In particular, the company wants to upgrade two of its dump trucks and two bulldozers. The business development projects will result in the output increase. Olkon plans to increase mining…

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