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Russian gold producer Polymetal International has signed an agreement with Russian Copper Company to exchange the Tarutinskoye field in Russia for 85% in the East Tarutinskoye field in Kazakhstan, Polymetal said in a statement on April 16. “As a result of the transaction, Polymetal will receive 85% of LLP Tarutinskoye, the license holder for the…
DetailsIn 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…
DetailsLemtrans, a leading private operator of railway rolling stock in Ukraine, concluded a two-year contract in the framework of long-term cooperation with one of the largest steel producers ArcelorMittal Kriviy Rih. This contract provides the consignor with the complex provision of the rolling stock for the supply of fluxes, coal and coke and export of…
DetailsAstana is gearing up to host the 25th World Mining Congress on June 19-22. Majilis member Albert Rau said that it would be a milestone event dated to the 60th anniversary since its establishment of the Congress in Warsaw in 1958. According to Rau, the establishment of the congress led to a significant breakthrough in…
DetailsRussia’s VSMPO-Avisma, the world’s largest titanium producer, is concerned that a proposed ban on supplies of titanium to the United States could squeeze it out of emerging markets. Russia will stop the supply of titanium, which is necessary for the production of Boeing aircraft, to the United States, Sergey Ryabuhin, the chairman of Federation Council’s…
DetailsBelarus Iron and Steel Works (BMZ trademark) plans to supply $40 million worth of products to Ukraine in 2018, the company’s representatives declared following the “Made in Belarus” expo. “As for the 2018 plans, we will probably sell 100,000 tons of products (around $40 million) to this market. We have ambitious plans. BMZ has a…
DetailsRussian aluminum producer RUSAL has abandoned an idea to ask the shareholders for a mandate to compete for a stake in Norilsk Nickel with Interros due to the new U.S. sanctions, it said in a statement. According to the statement, RUSAL will monitor the situation and can return to the move if sees it necessary.…
DetailsRio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)
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