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Vostsibugol Company LLC has increased the statutory capital of its daughter company Razrez Cheremkhovugol LLC (Irkutsk region) from 100 thousand rubles to 1.67 billion rubles. Moreover, in January the company increased its share in the Irbeyskiy Razrez LLC (Krasnoyarsk region) to 100%. The increase of the statutory capital is due to consolidation of coal and…
DetailsKVOiT, Tula region, has produced and delivered the first batch of metal structures to Trest Sevzapenergomontazh, the contractor of the Arctic LNG 2 construction. According to the contract, KVOiT has to produce 400 tons of metal structures for the project. So far, 20 tons have been shipped. The structures are used in the assembly of…
DetailsSeverstal Distribution is supplying rebars for the construction of a new bridge over the Sheksna River in Cherepovets. Some 400 tons of rebars with the diameter of 12 to 25 mm will be delivered in February-March. The company warehouse in Cherepovets is next to the construction site. The rebars are delivered in batches, when needed.…
DetailsIn December 2019 Russia exported 34 thousand tons of zinc ore and concentrate, down by 11% MoM and by 23% YoY. Deliveries to China remained unchanged at 23 thousand tons, but to Kazakhstan dropped 2-fold, to 6.2 thousand tons. In 2019 exports totaled 313 thousand tons, down by 14% YoY, and by 33% in monetary…
DetailsIn December 2019 Russia exported 1.6 thousand tons of raw chrome, down by 13% MoM and by 2% YoY. Deliveries to US dropped by 6%, to 476 tons, and to the Netherlands – by 20%, to 936 tons. In 2019 exports totaled 19 thousand tons, flat YoY, but decreasing by 23% in monetary terms. Price…
DetailsPAO Severstal, one of the world’s leading steel and steel-related mining companies, has completed the acquisition of 100% of the shares of Sintez-CIP Ltd and Sintez PP Ltd, the owners of the only producer and supplier of carbonyl iron powders in Russia and the CIS region. Sintez-CIP will become a part of Severstal’s metalware manufacture…
DetailsThe net profit of Russian aluminum giant UC RUSAL fell by 44.5%, to $960 million in 2019, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on March 13. The adjusted net loss amounted to $270 million after an adjusted net profit of $856 million a year ago. Revenue fell…
DetailsMechel, one of the leading Russian mining and metals companies, reports launching two upgraded key facilities at Chelyabinsk Iron and Steel Works (part of Mechel Group) – blast furnace No. 4 and converter o. 1. Investment totaled 4.5 billion rubles. Presidential Plenipotentiary Representative in Russia’s Urals Federal District Nikolai Tsukanov, Chelyabinsk region’s governor Alexei Texler,…
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