Russia: RMC to raise $100 million for cryptocurrency mining

Russian Mining Company created by Internet ombudsman Dmitry Marinichev and microelectronics producer Mikron’s President Boris Zyryanov plans to raise $100 million to invest in development of a processor for cryptocurrency miners, Marinichev said. Another founder of Russian Mining Company, founder of electronics retailer Sunrise Sergei Bobylev, said that the processor would make production of cryptocurrencies…

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Ukraine: Avdiivka Coke modernizing railroad station

Avdiivka Coke and Chemical Works is modernizing the railroad station.

Investments into the project total 24 million UAH.

At present the power lines are being assembled for the Uglekoksovaya-1 railroad station equipment. (Ukrainian metal)

Russia: VSMPO-Avisma and Rolls-Royce sign agreements on supply of titanium products

VSMPO-Avisma Corporation has signed several long-term agreements with Rolls-Royce for the period up to 2026. Terms and conditions of all agreements differ from each other. According to the terms of new agreements VSMPO-Avisma shall deliver rings, blisks and fan disks to Rolls-Royce for new jet engines. The expected revenue from the agreements will potentially exceed…

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Russia: MMK net profits up in H1 2017

In January-June Magnitogorsk Iron and Steel Works received $538 million of net profit, up by 10.7% YoY.

According to the company statement, its EBITDA increased by 29.2%, to $907 million, earnings grew by 37.8%, to $3,586 billion.

In 2016 MMK produced 12.5 million tons of steel, up by 2.5% YoY. (Ukrainian metal)

Russia: Stoilensky GOK adopts predictive process management

Stoilensky Mining and Processing Works (an NLMK Group company, core asset of NLMK Mining Division) has embarked on the implementation of a predictive management system for ore crushing and beneficiation processes. In the long run, this will enable an increase in the efficiency of the beneficiation equipment to 400,000 tons of concentrate per year. Twenty…

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Russia: construction of new solid waste landfill at Bystrinsky Mining and Processing Plant completed

As part of preparations to launch the Bystrinsky Mining and Processing Plant, Nornickel has completed construction of a modern landfill site for solid waste. Designed to eliminate the plant’s environmental footprint, it is the only waste disposal site in the Trans-Baikal Territory today that is fully compliant with all sanitary regulations. Nornickel treats environmental protection…

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