In 2022 Russian Copper Company intends to commission a mining and processing works within the project to develop Malmyzh gold-copper-porphyry deposit in Khabarovsk region. “We are currently performing geological and prospecting works. We are also designing the location of the main premises of the factory. The launch of the GOK is scheduled for 2022”, RCC…Details
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RIAK, the plant that produces aluminum sections in Ingushetia, intends to double its output volumes. “From November, the company will reach its planned capacity of 6600 tons per year, thus increasing its output 2-fold”, the company CEO Magomet Tumgoyev said. The plant was opened in 2012, and the second stage launched in April 2018. 80…Details
In 2018 UGMK-Stal produced over 1.1 million tons of steel. In particular, Nadezhdinsky Iron and Steel Works increased output by 5% YoY. The company also sold 564 thousand tons of rolled metal and mastered the manufacture of 4 new sections and 13 steel grades. The share of rebars in the Electrostal Tyumeni output decreased to…Details
In 2018 PMH consolidated revenue exceeded 89 billion rubles, up by 5% YoY. The prime cost of products sold totaled 64.4 billion rubles, up by 12%. Gross profit dropped by 10%. EBITDA was 19.3 billion rubles, almost flat YoY. Net profit decreased by 83%, to 1.3 billion rubles, mostly due to currency exchange rate difference.…Details
NLMK participated in the Skolkovo Startup demo-day in Lipetsk as part of the Open Innovations Startup Tour. The tour aims at finding new promising projects. At the preliminary stage NLMK representatives have reviewed 40 projects in the sphere of metallurgy, energy, repair and HR. Leaders of the best projects have been invited to Lipetsk. In…Details
In February, Russia exported 403.5 thousand tons of raw aluminum, up by 48% MoM and by 61.7% YoY. Revenue grew by 51% and by 62.4% respectively, to $741 million. In January-February, exports totaled 675.8 thousand tons valued at $1232 million, up by 42% and by 40% YoY respectively. In February the average aluminum price was…Details
In January-march, the time to deliver ferrous scrap over railroad to metal companies totaled 5.1 days, up by 7.7% YoY. The minimal time (4.5 days) was in Q1 2015 and Q1 2017. This year the batches with the total weight of up to 260 tons (77% of all shippings) were delivered within 5.4 days, up…Details
Baldzha LLC, developing alluvial sites in Zabaikalye region, intends to yield some 800 kg of gold this year. The initial quota each year is 300 kg. But the enterprise tries to get more. Last year the plan was 700 kg, but the final result was 706 kg, an absolute record in 30 years. The washing…Details
In 2019 the gold-extracting factory of Polyus Aldan, which operates on the territory of the Kuranakh ore field in Yakutia, intends to process 5.6 million tons of ore with the average content of 1.2 g of gold per ton. In March the record volume of gold was received – 1 ton. By the end of…Details
The wheel and tyre shop of Evraz NTMK has started using a 3D-printer to manufacture a range of unique parts. This has allowed decreasing machinery down time, as all the necessary parts are always available. Their prime cost is dozen times cheaper and the time to produce is just several shifts. The shop intends to…Details
The warehouse complex of ChTPZ has supplied 300 tons of large diameter pipes to Evraz NTMK. The pipes were produced at the Chelyabinsk Pipe Works and would be used for the company modernization. In particular, the warehouse complex supplied LDP with the diameter of 820 mm and wall thickness of 10 mm made of St17G-1-u…Details
Mechel has signed an agreement to supply metallurgical coke to Kayseri Sugar, the largest sugar producer in Turkey. According to the agreement, Mechel will have to deliver up to 90 thousand tons of coke in 2019-2021 (some 30 thousand tons each summer). The price will be determined during negotiations. “Turkey is one the priority export…Details
The Moscow Arbitration Court has turned down a 174-million ruble suit of RUSAL Bratsk, a subsidiary of Russian aluminum giant UC RUSAL, against power producer Unipro over a malfunction at the Berezovskaya GRES power plant. In its suit, RUSAL Bratsk asked the court to cancel a capacity supply agreement signed in 2010 and make Unipro…Details