Petropavlovsk Plc, extracting gold in Amur region, has published its financial results for January-June. According to the company report, in H1 it received $24.8 million of net losses against $24.5 million of net profit last year. Revenue dropped by 11.2%, to $270 million because of the decrease in gold sales – 201.4 thousand ounces against…Details
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The board of directors of Susuman Mining and Processing Works “Susumanzoloto” has decided to take a loan of 3.5 billion rubles from Sberbank. The funds will be spent to finance gold mining in 2019. Since 2017 the company has been constructing a mining and processing works at the Shrumovskoye deposits in Magadan region. The commissioning…Details
High quality of platinum-rhodium alloys produced by Yekaterinburg Non-Ferrous Metals Processing Works has been confirmed by foreign specialists. They have analyzed the manufacture and contents of the platinum-rhodium alloys and are sure that the quality and control management system is of such a high level, that the cases of faulty material provision are almost excluded.…Details
The Republic of Chuvashia is open to investments and is ready to support projects in aluminum sphere. According to the republic governor Mikhail Ignatiev, there are now 10 projects in the pipeline, including the construction of an aluminum bridge. Together with the Aluminum Association a welding center has been created at the State University named…Details
The arc steel shop No. 3 of Uralskaya Kuznitsa has celebrated its 60th anniversary. The shop was one of the first to create “special metallurgy” in Russia. The sphere had to provide for the development of high-tech industries: rocket construction, nuclear industry, submarine construction, space exploration, etc. For this, materials were needed with characteristics far…Details
Ukrzaliznytsia (Ukrainian Railways) has ordered Interpipe Ukraine LLC the delivery of tyres valued at UAH 43.92 million. This year the company has to supply 2250 tyres of carbon steel produced by Interpipe NTZ and Huta Bankowa Sp. z o. o. (Poland) not earlier than January 1, 2018. The price of the agreement is 8% below…Details
Irshansk Mining and Processing Works has concluded an agreement with Allied Mineral Laboratories Pty Ltd (Australia) for the research valued at $128 thousand, or UAH 3.61 million. This year the company will probe and analyze the titanium ore samples from Bukinsky site of the Mezhirichnoye deposits, as well as develop a technique for the ore…Details
Sergey Rozhok has been appointed the financial director of Zaporizhstal. Previously he has worked for PWC and Syngenta. According to the company statement, his task is to improve operational efficiency of the enterprise, strengthen the company positions on the market and continue implementing the program of environmental modernization. Natalia Mikhayskaya, who has been acting financial…Details
The employees tax police of the State Fiscal Service have seized 1.8 thousand tons of illegally mined coal valued at over 5 million UAH. The coal has been seized and arrested under the criminal case on the illegal mining on the territory of Lugansk region. The investigation is underway. (Ukrainian metal)Details
In January-September Zaporizhstal produced 3.102 million tons of steel, up by 5.8% YoY. According to the company statement, pig iron manufacture grew by 21.1%, to 3.318 million tons, while that of rolled metal – by 9.8%, to 2.709 million tons. In September Zaporizhstal produced 385.2 thousand tons of pig iron, 352.4 thousand tons of steel…Details
Rostech has concluded an agreement to leave the project of the Udokan copper deposits development in Zabaikalye district. The state corporation had the option to sell 25% in the project by 2019. Back in June the corporation chairman Sergey Chemezov stressed that it might leave Udokan. Now Rostech explains the decision with the “optimization of…Details
European Commission has started an antidumping investigation of the imports of hollow sections, welded pipes and pipe products from Russia, as well as Macedonia and Turkey. Linear pipes used in oil and gas pipelines as well as casing pipes are not subject to investigation. The investigation will cover the time frame from July 1, 2017…Details
Russian aluminum giant UC RUSAL has nothing to do with the government’s initiative to expand the sales of beer in aluminum cans and called the suggestion absurd, the company said in a statement on October 1. Earlier Kommersant business daily reported that the Industry and Trade Ministry had prepared a bill to lift the 2013…Details