Mednogorsk Copper and Sulfur Works is repairing roof and walls of the copper smelting shop. The repair is carried out under the program of premises maintenance. In May-June the contractors repaired 712 square meters of walls. At present they are working on the roof of the size of 1539 square meters. Last year 1782 square…
DetailsElga coal complex, developed by Elgaugol LLC, is the largest coal deposit in Russia, employing 1650 people. In January-June 2.5 million tons of coal were mined there, up by 31% YoY. Elga coal is in stable demand on the local market and in the countries of the Asian-Pacific region. Elga coal complex is the largest…
DetailsIn August Zaporizhstal produced 356.3 thousand tons of steel, up by 0.9% YoY. Pig iron output grew by 3.5%, to 395.2 thousand tons, and rolled metal – by 0.5%, to 302 thousand tons. In January-August the company produced 2.749 million tons of steel, 2.932 million tons of pig iron and 2.414 million tons of rolled…
DetailsNLMK Group, an international steel company, has appointed Dmitry Furmanov as General Director of NLMK Ural, one of the leading manufacturers of square billet, rebar and wire rod in Russia. Dmitry Furmanov’s appointment is effective from September 1. In addition to managing the company’s operations, in his new capacity Furmanov will be responsible for the…
DetailsThe prices of precious metals varied in Azerbaijan on September 3, according to the data published by the Central Bank. The price of gold decreased by 9.044 manats, to 2,039.983 manats per ounce on September 3 compared to the price on August 31. The price of silver dropped by 0.2612 manats, to 24.6028 manats per…
DetailsPJSC ArcelorMittal Kriviy Rih keeps modernizing equipment. Section No. 9 of magnetic separation area was commissioned at OBP-2. 13 new separation units manufactured by Finnish company “Metso” were installed to replace 54 old ones, which enabled to reduce power consumption by 73 kW/h per day. There are five magnetic separation sections at OBP-2 in total.…
DetailsSenior Environment Adviser of European Bank for Reconstruction and Development (EBRD) Robert Adamczyk and Senior Manager for Sustainable Development and Corporate Responsibility of ArcelorMittal Аlan Knight paid a two-day working visit to ArcelorMittal Kriviy Rih. At the end of 2017 EBRD approved opening of a credit line for ArcelorMittal at 350 million euros to finance…
DetailsIn January-June Chelyabinsk Zinc Works received 4.226 billion rubles of net profit, up by 42% YoY. Consolidated revenue grew by 27%, to 17.97 billion rubles. Zinc and zinc alloy sales amounted to 14.946 billion rubles, up by 27%. Gross profit reached 5.6 billion rubles, up by 20%. EBITDA increased by 38%, to 5.896 billion rubles.…
DetailsAs of August 28 Irkutsk region has extracted 15280.9 kg of gold, up by 8% YoY. Ore gold accounted for 8977.9 kg, up by 20%, while alluvial gold output dropped by 5%, to 6303 kg. Last year the region yielded 22903 kg of gold, including 12115 kg of ore gold and 10788 kg of alluvial…
DetailsIn April-June Korshunovsky Mining and Processing Works increased iron ore output by 30% QoQ, to 1.6 million tons. Sales grew by 41%, to 495 thousand tons. The growth is due to the increase of the mining fleet. “Since the start of the year we have commissioned 10 large dump trucks, a grader and a heavy…
DetailsYekaterinburg Non-Ferrous Metals Processing Works intends to start refining gold from Magadan region. In July the company delegation visited a miners’ team, where it got acquainted with the technological chain of gold mining. “We presented our plans to increase gold purchases with further buy out of refined metal and voiced our interest to work with…
DetailsIn January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…
DetailsAfter a three-month warming of the refractory lining Cherepovets Iron and Steel Works has switched the coke oven plant No. 4 to constant warming. The first coke is expected to be produced in late 2018. “The investment project valued at 6 billion rubles will increase coke output at the plant from 420 thousand tons to…
DetailsMetalloinvest has partially refinanced its credit portfolio due to the funds attracted under a new loan agreement with Gazprombank. Under the agreement the company has attracted 18.8 billion rubles for 6 years. All the money was spent to clear debt to Sberbank. Thus for the next 16 months the company has no debts on the…
DetailsTurkish Dal Teknik Makina Ticaret ve Sanayi A.Ş. has launched the most modern plant in Central Asia for the production of metal structures in the Angren free economic zone (FEZ). Metal structures of wide application, including for industrial and civil building construction, power lines, solar panels, wind turbines, tower and bridge cranes, as well as…
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