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Electrocable has received machinery to modernize manufacture of cable with low gas and fume emission (halogen-free). Its total cost exceeds 73 million rubles. “Today all the strategically important objects, including nuclear power plants, subway, oil and gas infrastructure, as well as hospitals, kindergartens and malls are equipped with fireproof cables. Halogen-free cables do not emit…
DetailsIn 2017 Buryatia obtained 5677.9 kg of gold, down by 4%, or by 231.1 kg YoY. According to the republican ministry of natural resources, ore gold output totaled 3610 kg, and alluvial – 2067.9 kg. Gold output in 2016 was 5891 kg, including 4021 kg of ore gold and 1870 kg of alluvial gold. (Ukrainian…
DetailsSeverstal Bar Works Balakovo is celebrating its 10-year anniversary. The project of construction was of the Greenfield category, as it was built from scratch. The employees of the key professions were trained at the Cherepovets Iron and Steel Works. At present the number of local employees at the works is 95%. The first rolled metal…
DetailsTMK, one of the world’s leading manufacturers of tubular products for the oil and gas industry, announces full redemption of the loan participation notes due in January in the total nominal value of $231 million on January 29. The $500-million eurobonds with a coupon rate of 7.75% and a 7-year maturity were issued by TMK…
DetailsPAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announced its capital investment program for 2018. Severstal plans to invest approximately 49.5 billion rubles in 2018, focusing on the key areas of the company’s strategy. This investment will primarily be aimed at further reduction of costs, increasing the production of…
DetailsIn 2017 the net profit of Severstal dropped by 16.4% YoY, to $1.355 billion. The group revenue grew by 32.7%, to $7.848 billion, and EBITDA increased by 34.9%, to $2.577 billion. Net profit in Q4 2017 totaled $563 million, up 1.9-fold QoQ. EBITDA grew by 22.4%, to $754 million, while revenue – by 10.4%, to…
DetailsThe Finance Ministry will decide within a month whether to abolish value-added tax (VAT) on investment gold, Deputy Minister Alexei Moiseyev declared. “The main problem here is that to distinguish between gold intended for investment and for jewelry production is very hard. This is the main bone of contention. But I expect the decision to…
DetailsResidents of Kadamdzhay district hold a rally against the development of Shambesai gold field, regional administration reported. According to its data, residents demand to close the mine, because they believe that mining of gold harms the environment. Gold reserves of Shambesai field are estimated at 8 tons. Exploration work at the deposit began in 2007,…
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