Russia: OMK earnings down in 2016

In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…

Details

Russia: SUEK puts new face into operation at Taldinskaya-Zapadnaya 2 mine

SUEK has put a new long face No. 70-10 at the Taldinskaya-Zapadnaya 2 mine into operation.

The expected output is 500 thousand tons of coal per month. The reserves of the face will be enough till the end of the year.

SUEK invested over 2.3 billion rubles into the project. (Ukrainian metal)