Liquid copper spilled out due to a malfunction at a copper refinery Uraleketromed, a part of Ural Mining Metallurgical Company (UMMC), causing evacuation of 50 employees, the Sverdlovsk region’s Directorate of the Emergency Ministry said. “Liquid copper spilled out from a copper furnace on an area of 10 square meters, 50 people were evacuated from…Details
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The combined gold production of companies in Magadan region rose by 21% YoY, to 36.1 tons in January-September, the region’s government said in a statement on October 22. The region’s Tenkinsky City District is the leading gold producer with an output of 14.5 tons. Production of alluvial gold amounted to 15.8 tons in the period,…Details
In January-September Promlit LLC, a major manufacturer of railroad car castings, increased average monthly output 3.3-fold YoY. The goal for the year presupposes the manufacture of 43,817 tons of castings. So far 33,831 tons have been produced, or 77%. Bulk castings constitute the lion’s share of the output. In September the company increased manufacture by…Details
Kerch Iron and Steel Works, situated in the Russia-annexed Crimea, has been forcedly reorganized from the state unitary enterprise into a joint stock company. Moreover, the company has been transferred under the control of the so-called Ministry of property and land relations. The ministry now owns 100% of the company. (Ukrainian metal)Details
In January-September Seligdar excavated 20.2 million cubic meters of rock, up by 33% YoY. Ore output totaled 9422 thousand tons, up by 2%, and sands grew from 100 to 166 thousand cubic meters. Gold manufacture went up by 15%, to 4870 kg. Gold sales grew by 28%, to 5019 kg. Sales revenue totaled 14.8 billion…Details
In January-September Rusolovo extracted 313 thousand tons of tin ore, up by 47% YoY. Ore processing grew by 62%, to 316 thousand tons. Tin concentrate manufacture increased by 72%, to 1,611 tons, more than in the whole 2018. Tungsten concentrate output totaled 59 tons, up by 49%. Tin sales revenue went up by 88%, to…Details
Seligdar has reached an agreement with a bank to pay interim dividends for January-September. “First, the issue will be mulled at the board of directors session, and after that approved at the extraordinary meeting of shareholders. The net profit for 9 months will serve as a source for paying dividends. The amount has to cover…Details
VSMPO-Avisma has a large-scale investment plan for 2020. It will be the first step of a new growth strategy to be carried out until 2026. Infrastructure and industrial safety will see the largest investments. In the corporation itself the most will be invested in the modernization of smelting furnaces. Instead of the disassembled Retec a…Details
Poltava Mining and Processing Works will increase its statutory capital by 62.3%, or by 1.19 billion UAH, by issuing additional shares. The National commission on securities and stock market registered the issue on October 18. As of July 31 PGOK statutory capital amounted to 1.9 billion UAH and was divided into 191 million shares with…Details
In September deliveries of lime via railroad dropped by 28% YoY and by 33% MoM, to 18 thousand tons. At the same time in 9 months deliveries grew by 28%, to 282 thousand tons. The main consumers of lime are metal companies. In particular among them are ArcelorMittal Kriviy Rih (started buying in August), Dneprovsky…Details
Metalloinvest will redeem its BO-01 bonds with the volume of 10 billion rubles earlier than necessary. The redemption will take place on October 29. The company issued bonds in November 2015 with the interest rate of 11.85% and the maturity rate of 10 years. (Ukrainian metal)Details
This season Dalnevostochniye Resursy Company has extracted 1,046 kg of alluvial gold. Compared with the previous year the output remained unchanged. The company operates in Khabarovsk region. “This year we washed at 5 deposits. At the start of the season we expected to obtain 986 kg of gold, but we were able to exceed the…Details
In January-September Mechel received 4.58 billion rubles of net profit as opposed to a net loss of 11.484 billion rubles last year. Revenue grew by 28%, to 12.157 billion rubles. Gross profit increased by 28.1%, to 12.094 billion rubles, and sales profit – by 31.7%, to 10.888 billion rubles. Mechel’s fixed liabilities decreased by 11.3%,…Details