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Irshansk Mining and Processing Works has ordered Imex Minerals LLC the delivery of lime carbonate valued at 29.74 million UAH. This year the company will supply 2950 tons of soda ash at 10080 UAH per ton. Earlier VostGOK bought soda ash from another company at 7901 UAH per ton, or 25% cheaper. In April 2017…
DetailsThe supervisory board of the Severniy Iron and Steel Works has relieved Pavel Timoshenko of his duties as the general manager. The acting CEO of the company is now the Metinvest Holding mining assets director Andrey Skachkov. Timoshenko was dismissed on February 19, while Skachkov was appointed from February 20. Timoshenko has been the SevGOK…
DetailsIn 2017 Uralcable produced 102 thousand km of car cable. In 2016 the output was 73 thousand km. The growth of output has to do with the improvement of technological effectiveness and the automatization of manufacturing processes. “This year we intend to increase output first and foremost due to the replacement of machinery. In H2…
DetailsOleg Deripaska intends to become the president of Norilsk Nickel. According to a source, it is because of the Nornickel plans that Deripaska has left the president seat in Rusal and En+. “The experience of cooperating with Vladimir Potanin shows, that only changes in the balance of power could provide for the maximum growth of…
DetailsThe net profit of Rusal in 2017 increased by 3.6% YoY, to $1.222 billion. According to the company statement, EBITDA grew by 42.4%, to $2.12 billion, while revenue increased by 24.9%, to $7.224 billion. The company net debt as of December 31, 2017 was $7.649 billion, down by 9.2%. Rusal accounts for around 7% of…
DetailsThe Eurasian Development Bank (EDB) and Bogatyr Komir Company signed a loan agreement to finance Bogatyr Komir’s investment program aimed at modernizing coal production processes at the Bogatyr mine, the press service of EDB said in a message. The document was signed by Andrey Beliyaninov, Chairman of the Management Board, from the EDB, and Murat…
DetailsKarabashmed, a part of the Russian Copper Company, has celebrated the 20-years anniversary of creation and resumption of manufacture. Karabash Copper-Smelting Works was created in 1910. It was one of the main suppliers of copper for the Russian industry, military in particular. But for almost 100 years the company has been operating without gas-purifying systems,…
DetailsRM-Steel has resumed the manufacture of sections. The products are intended for the LADA 4×4 (Niva 21214) project. The sections will be produced according to ISO 9001:2015 and IATF 16949:2016. The main goal of the company for the coming years is to create favorable conditions for the development of machine-building and automobile enterprises. (Ukrainian metal)
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