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SKAD Casting-Mechanical Plant (Krasnoyarsk region), one of the largest aluminum alloys wheels manufacturers in Russia, this year has increased output by 27% YoY, to 1.2 million wheels. So far exports account for 40% of sales. In 2018 the company will increase investments in modernization and development. This will allow SKAD to increase output by 200-250…
DetailsDuring a tour of the ECOTECH 2017 Exhibition, RF Minister of Natural Resources and Environment Sergey Donskoy and Honorable Forum delegate, UN Deputy Secretary General, Executive Director of the United Nations Program for the environment Erik Solheim visited the RCC stand. The minister described the RCC Exhibition to the high-ranking guest as an example of…
DetailsThe supervisory board of Yuzhniy Mining and Processing Works has appointed Elena Sherstyuk, the ex-financial director of Evraz Sukhaya Balka, a member of the board. The decision was taken on December 15. Sherstyuk has replaced Anna Orlova, who in 2006-2011 was the financial department director at Zapadnosibirsky Iron and Steel Works, in 2011-2014 a member…
DetailsIn January-September Metinvest EBITDA grew by 39% YoY, to $1.373 billion mostly thanks to the mining segment share increase by $653 million. Metal segment EBITDA dropped by $273 million. “The increase of the consolidated EBITDA mostly has to do with the sales prices growth on the background of sales to such strategic markets as Europe,…
DetailsIn January-September Metinvest increased capital investments by 55% YoY, to $308 million. The mining segment accounted for 55% of investments as opposed to 48% in January-September 2016, while metal segment for 43% (51%). Investments in the metal segment went to Mariupol Ilyich Iron and Steel Works and Azovstal. While mining investments were transferred to Severniy…
DetailsNLMK Group, an international steel company with operations in Russia, the USA and the European Union, expands the perimeter of its “Steel Tree” environmental program and announces the launch of target grant allocation to local communities and NGO’s in Lipetsk region, Stary Oskol (Belgorod region) and Zarinsk (Altai region), where NLMK’s key companies are located.…
DetailsRosterminalugol JSC, the largest dedicated coal port in the Baltic region, a part of Russia’s largest coal port holding Port Management Company LLC, has exported 24 million tons of coal this year. The milestone ton was loaded on December 18 onto the Panamax bulk carrier Orange Harmony, the 332nd vessel handled from the year beginning…
DetailsPolymetal has started mining gold and silver-containing ore at the Olcha deposits in Magadan region. This year the company intends to extract 9.5 thousand tons for processing. Estimated reserves of the deposit are 400 thousand tons of ore with the average content of gold at 8.6 g per ton and silver – 22 g per…
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