In 2016 the net profits of Uralelectromed decreased by 23.6% YoY, to 2.17 billion rubles. Revenue, on the other hand, went up to 28.9 billion rubles from 26 billion rubles in 2015, while sales jumped from 18.3 billion rubles to 22.97 billion rubles. The company says revenue growth was the result of output and sales…
DetailsIn 2016 Sredneuralsky Copper-Smelting Works, a part of UMMC, increased its net profits 10-fold YoY. According to the company statement, it received 2.912 billion rubles of profits, as opposed to 300 million rubles in 2015. In 2014 the company reached the highest volume of net losses – 5.2 billion rubles. Revenues in 2016 increased by…
DetailsGaysky Mining and Processing Works, a part of UMMC, is assembling a ball mill with the volume of 18 cubic meters at its processing factory. It is expected to be put into operation in mid-Q2. “When the new mill is put into operation, we will be able to use a more powerful mill with the…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, has produced over 200 tons of rebars for the construction of a wind park in Ulyanovsk region. The first Russian wind park, a wind power plant of several generators united in a network, near the village of Krasny Yar will consist of 14 generators with the…
DetailsIn January-February, Poltava Mining and Processing Works, a part of Ferrexpo, exported 1.71 million tons of iron ore pellets. Karelsky Okatysh exported 944 thousand tons of pellets, Lebedinsky GOK – 728 thousand tons, Mikhailovsky GOK (all three – Russia) – 466 thousand tons. Central Mining and Processing Works exported 305.1 thousand tons of iron ore…
DetailsZaporizhstal has completed large-scale assembly of metal structures at the blast furnace No. 3 being reconstructed. According to the company statement, over 7 thousand tons of metal structures have been assembled. “We are moving to the construction of the new blast furnace No. 3 with confidence. A couple of days ago we have reached the…
DetailsThe Mogilev-based steel mill MMZ has started shipping rough-forged railway axles to Russia, Valery Fishman, Head of the Central Office for Innovations and Investments of the Belarusian Industry Ministry, reported on 30 March. According to the source, two significant projects have been implemented by the Belarusian Metallurgical Company lately. The first one is the production…
DetailsAlliance Altyn LLC, which holds a license to develop Jerooy gold deposit in Talas region, commented on the publication of the 24.kg news agency «Will Jerooy’s gold be dragged into presidential election?». The company informs: the data on the delay in the implementation of Jerooy project and the alleged involvement of Kyrgyz MP Omurbek Babanov…
DetailsThe Taganrog Boiler-Manufacturing Plant “Krasniy Kotelschik” has concluded an agreement to supply a steam boiler and boiler equipment to Novolipetsk Iron and Steel Works. The boiler with the steam generation capacity of 220 tons per hour will be able to burn metallurgical and natural gas in various proportions. The utilization of the furnace gas in…
DetailsIn 2016 investments of Buryatzoloto, a part of Nordgold, totaled 1.6 billion rubles. Investments into two of its mines – Irokinda and Kholbinsky – increased by 33% YoY. Prospecting and modernization accounted for the most part of investments – 700 and 737 million rubles respectively. In particular, both mines received Sandvik mining machinery worth 129…
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