In January-October Irkutsk region extracted 21635 kg of gold, up by 9.2% YoY. This year 30 enterprises are extracting gold in the region. Ore gold accounted for 11291 kg, and alluvial gold – for 10344 kg. Alluvial gold output remained unchanged YoY, while ore gold extraction grew by 19%. This year the region intends to…Details
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Norilsk Nickel has paid 122.78 billion rubles ($1.86 billion) of dividends for the first half of 2018. Rusal (owning 27.8%) is still receiving dividends, even though it has been hit by US sanctions. In November 5 Rusal reported that it had already received $402 million from Nornickel. According to Nornickel, these are dividends for 2017,…Details
The department for the protection of the local market of the Eurasian Economic Commission has completed another antidumping investigation as to some types of steel pipes, manufactured by Interpipe (Ukraine). The investigation has been initiated to review individual antidumping duties because of new circumstances. Following the investigation the commission did not support changing the antidumping…Details
The Bank Otkrytie has provided the Ural Mining-Metallurgical Company with financing in the volume of 15 billion rubles until October 2021. The funds will be spent to refinance current loan obligations and cover operational expenses. “This financing will let UMMC increase business volumes, including by investing in its own development”, the bank said. “The loan…Details
Under the program to increase capacity Kamensk-Uralsky Iron and Steel Works has commissioned a Danieli-Freling finishing stand of the hot-rolling mill. At present the company is testing other machinery as well. The rolling complex project will allow the company producing qualitatively new semi-finished products. The design capacity of the complex is 166 thousand tons. Since…Details
In October miners of the Mezhegeyugol, a part of Evraz, dug out 1731 meters of rock, having set a record in Russia. Each day the miners were able to dig some 60 to 70 meters of rock. In December 2017 Mezhegeyugol miners set their first digging record – 1337 meters. At that time it was…Details
Severstal – Bar Works Balakovo has accepted the basic engineering and started constructing a line to produce briquettes. ATM (Austria) is supplying the machinery. Construction and assembly work is currently underway. The delivery of the main machinery is expected in December. “The technique to produce briquettes by pressing will give us hard, solid briquettes without…Details
In January-September Norilsk Nickel received 146.38 billion rubles of net profit, up by 49.8% YoY. According to the group statement, revenue grew by 45.6%, to 447.53 billion rubles, gross profit – by 57.5%, to 279.52 billion rubles, and sales revenue – by 63.1%, to 249.35 billion rubles. In Q3 Nornickel increased nickel output by 9%…Details
Anthracite, extracted at 11 seized DTEK mines on the Ukraine-uncontrolled territory of Donbass, goes trough Russia to various European Union countries. “According to our information, up to 2 million tons of coal have been shipped from the occupied areas of Donbass. Polish companies bought some 300 thousand tons”, DTEK CEO Maksim Timchenko declared. The company…Details
PJSC ArcelorMittal Kriviy Rih has completed the construction of the servicing terminal at the Karyernaya railway station, intended to fill the diesel locomotives, railway cranes for tracks repairing and refueling trucks with diesel. The latter delivers fuel from the station to the open pits to fill dump trucks, drilling rigs, excavators and other large-sized machinery…Details
Since the start of the washing season, the Baldzha team, developing alluvial gold sites in Zabaikalye region, has obtained 690 kg of the precious metal. According to the regional ministry of environment, the annual quota was set at 300 kg of gold. Thus, the plan has been exceeded 2.3 times. By the end of the…Details
On November 6 the MMK Trading House is celebrating its 10th anniversary. In 10 years the company has increased metal sales in Russia and Kazakhstan to 1.5 million tons a year. The operation of the trading house began at 5 warehouses in Povolzhye and the Urals. The anniversary 30th site was opened in the city…Details
Holding Cable Alliance has supplied products for modernization of the Kola Nuclear Power Plant in the Murmansk region. The total volume of deliveries this year has reached 150 km. “All the cables and wires for the power plant are fire- and explosion-proof. The chance of fire at the NPP are low, but if it does…Details