TALCO Gold, a joint venture created by the Tajik state aluminum company TALCO and Chinese Tibet Huayu Mining, announced that it would start developing the mercury-antimony deposit Konchoch in March 2020. TALCO received the license back in 2015. The joint venture plans to extract some 15 thousand tons of antimony per year and produce 6…Details
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In January-June the Industrial and Metallurgical Holding received 46.4 billion rubles of consolidated revenue, up by 8% YoY. Gross profit decreased by 11% mostly due to the growth of expenses on raw materials. Operational profit decreased by 39%. Net profit amounted to 4.5 billion rubles, up by 116% YoY. EBITDA LTM stood at 17.3 billion…Details
The net profit of Russian titanium giant VSMPO-Avisma grew by 25.5% YoY, to $210.3 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report August 29. Revenue increased by 3.6%, to $814 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 3.7%, to $305.9 million. Long-term…Details
“Entry into force of a new strategic agreement between Centerra Gold and the government of Kyrgyzstan will have a positive effect on both operation of the mine and the mining industry,” Eldar Tadzhibaev, Chairman of the Central Committee of the Mining and Metallurgical Union, declared. According to him, it is good that the government and…Details
“Business welcomed the news of the entry into force of the Strategic Agreement between the government of Kyrgyzstan and Centerra Gold on Kumtor,” Askar Sydykov, Executive Director of the International Business Council, declared. According to him, any uncertainties in relations between the government and Centerra Gold directly affect the investment climate in Kyrgyzstan. The business…Details
In June Russia exported 20.5 thousand tons of aluminum wire, up by 36% MoM and by 139.6% YoY. Exports to Switzerland grew by 63%, to 11 thousand tons, and to Belarus – by 7.6%, to 2.9 thousand tons. In H1 aluminum wire exports totaled 82 thousand tons, up by 24% YoY. In monetary terms since…Details
In June Russia imported 753 tons of magnesium, including scrap, down by 8% MoM, but up by 407% YoY. The share of China was 99.8%. In H1 magnesium imports reached 4.5 thousand tons, up by 50.8% YoY. In monetary terms since the start of the year the imports have grown by 73.5%. Import prices in…Details
In June Russia exported 13.8 thousand tons of raw nickel, up by 70% MoM and by 26.2% YoY. Switzerland accounted for a third of exports. In H1 zinc exports totaled 71 thousand tons, up by 4.3% YoY. In monetary terms since the start of the year the exports have decreased by 7.6%. Export prices have…Details
The manufacturing cooperative Plamya, developing alluvial gold sites in the Republic of Sakha (Yakutia), since the start of the washing season has obtained some 100 kg of gold. The quota for the company this year amounts to 280 kg. Compared with the previous year the output has decreased somewhat due to the thinning of reserves,…Details
The online-site to sell Chusovoy Iron and Steel Works spring products opened in June 2018. In a year some 3600 car springs have been sold, including 2700 in January-June. ChMZ used to sell springs directly to end customers only via its network. With the opening of the e-store the company was able to increase the…Details
Mechel-Service LLC has supplied the first 2 thousand tons of flanged beams to its new warehouse in Kinel in Samara region. The beams are manufactured at Chelyabinsk Iron and Steel Works. The warehouse with the size of 5 thousand square meters will store 3 thousand tons of beams, The beams will be sold in the…Details
Cherepovets Iron and Steel Works has mastered the manufacture of several new types of galvanized metal. Now the portfolio for construction clients has been expanded with galvanized metal with high galvanizing class (Z350, Z450 and Z600). Such metal is used in the manufacture of corrugated pipes for road construction, elevators, silo towers, etc. Several products…Details