Representatives of Hermith GmbH – Hermith Rus CEO Natalia Chernenko and the chief technical officer Sergey Altynbayev – have discussed further cooperation with the managing director of Zlatoust Electrometallurgical Works Alexander Yefimushkin and director of reconstruction and development Andrey Lyska. In particular, the parties discussed the issues of titanium products manufacture for European and other…
DetailsIn 2018 Borisovka Bridge Metal Structures Works named after Sklyarenko increased net profit by 16.2% YoY, to 596 million rubles. Revenue grew by 8%, to 5.3 billion rubles, and gross profit by 7%, to 1 billion rubles. The company is one of the major manufacturers of steel bridges in Russia. As a result of the…
DetailsIn July Beloretsk Iron and Steel Works increased sales of certain types of metal wares. All in all in a month BMZ sold over 39 thousand tons of metal wares. The sales of low-carbon welding wire for the manufacture of electrodes and steel shaped sections for the manufacture of fasteners for car industry increased by…
DetailsIn January-June Ksenievsky Priisk, operating in Zabaikalye region, received 321.895 million rubles of net profit, up 6-fold YoY. Revenue grew by 145.5%, to 1.362 billion rubles, and sales profit – 4.3-fold, to 447.538 million rubles. As of June 30, the company has increased gold output by 45.1% YoY, to 469.27 kg. This year it plans…
DetailsRussian steelmaker Severstal sold more than 3,000 polymer-coated rolled metals under the Steel Silk and Steel Velvet brands to the E.U. clients in January-July, the company said in a statement on August 15. The company did not sell these brands of rolled metals to the E.U. last year, and it had to ensure compliance with…
DetailsPrime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev during his working trip to Jalal-Abad region took part in the ceremony of opening Kichi-Chaarat concentration plant in Chatkal district, the Information Support Department of the Government’s Office of the Kyrgyz Republic reported. Kichi-Chaarat CJSC, established in 2008, is located in the rural district Kanysh-Kiya of Chatkal district. Upon…
DetailsLydian International Limited announced that the company was “relieved” and “heartened” after the release of a report on the environmental audit conducted by “Earth Link & Advanced Resources Development” on the Amulsar Project. Edward Sellers, Interim President & CEO of Lydian, commented: “We are relieved that the Audit Report has been made public, as the…
DetailsIn July Ukraine increased iron ore and concentrate exports by 75.7% MoM, to $391.8 million. According to the customs statistics, export volumes grew by 16.2%, to 3.5 million tons. In January-July exports totaled 23.3 million tons at $2.09 billion. The share of iron ore raw materials in the total export was 7.28%. China (27.07%), Poland…
DetailsIndustrial output in January-July in Kazakhstan grew by 2.7% YoY. Non-ferrous ores mining increased by 17.2% and iron ore by 1.5%. Coal exports went up by 1.9%, to 15.8 million tons. Non-ferrous metallurgy saw an 8.1% growth in output and ferrous metallurgy – 94%. (Ukrainian metal)
DetailsMechel-Service has filed bankruptcy suits to Ak Bars and its subsidiary Ak Bars Metal. The amount of suit to each company is less than 6.2 million rubles. The Ak Bars assets cost amounts to 5 billion rubles, and the net profit in 2018 was 5 million rubles. Ak Bars Metal net profit last year was…
DetailsBystrinsky Mining and Processing Works has received a Rostechnadzor statement of conformity on its 10 stages of construction. Other 12 stages are being studied by the service. The commission plan of the works envisions 49 stages. So far conformity statements have been given for two quarries – Verkhne-Ildikanskiy and Bystrinsky-2, as well as road infrastructure.…
DetailsVorkutinskaya mine of Vorkutaugol has started working on a new long face. The face 712 is situated in the Troynoy layer, and its deposits amount to 800 thousand tons of coking coal. The long face is expected to be in development until May 2020. The transition from the previous long face to the new one…
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