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In January-June Kinross Gold produced 289.391 thousand ounces of gold at its Kupol and Dvoynoy deposits in Chukotka, down by 29.9% YoY. The scheduled decrease in output has to do with the processing of leaner ores in Q2. The company has started taking samples at the Sentyabrskoye deposits. Moroshka deposits are being prepared for operation.…
DetailsIn January-June the net profit of Ruspolymet decreased 2-fold YoY, to 201.3 million rubles. The company earnings increased by 15%, to 4.1 billion rubles, sales profits dropped by 15%, to 728.1 million rubles. EBITDA decreased 1.6-fold, to 273 million rubles. According to the company statement, its accounts payable totaled 4.479 billion rubles as of late…
DetailsMEGA-stal (Moscow region) has completed the manufacture modernization. Now the company operates a new shop to produce electric welded pipes without the circular seam according to GOST 20295×85. The pipes are manufactured in the 630-1020 mm diameter. (Ukrainian metal)
DetailsConstruction of a crane trestle has been completed at the smelting shop of Kola MMC (Nornickel Group). The engineering structure will optimize the operation of hoisting-and-conveying equipment in the shop and avoid scheduled downtime. Three overhead cranes serving shop’s main aisle are intended for charging materials into converters and casting of converted matte. According to…
DetailsThe 280 mill of ZEMZ turns 75 years old. The mill, situated in the rolling shop No. 1, rolls circular section coils with 8-14 mm diameter, as well as rods of 14-26 mm diameter. Despite its age the mill copes well with all the tasks. In particular, in July it produced 306 tons of metal.…
DetailsNornickel Group has increased its stake in Krasnoyarsk River Port’s authorized capital to 93.7% of the ordinary (voting) shares. The transactions were carried out as part of the strategy of Nornickel’s transportation and logistics function, which focuses on boosting the efficiency and streamlining the management of the group’s transportation assets. The price of Krasnoyarsk River…
DetailsThe pipe-rolling shop No. 1 of Seversk Pipe Works has successfully finished scheduled repair and modernization works. The modernization of the FQM continuous casting machine and the pipe-finishing site lasted for 14 days. As the result, the exploitation characteristics of the shop machinery have improved, and the FQM mill operational stability has increased, which will…
DetailsThe decision of the state company Ukrzaliznytsia to introduce free price of cargo wagons makes Ukrainian scrap-procuring companies nervous. The ability to set prices for wagons will result in the increase of their price and the growth of expenses of all market participants, the UAVtormet association letter to the minister of economic development and trade…
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