The net profit of the Russian steelmaker Severstal surged by 86% YoY, to $1.473 billion in January-September, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on October 19. Revenue went up by 14.6%, to $6.495 billion in the period due to favorable prices of steel on the global market…Details
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The sales strategy of the Pavlovskoye deposit on the Novaya Zemlya is focused on foreign markets, Aleksandr Lukin, General Director of PGRK, declared. In 2023 the First Ore Mining Company (PGRK JSC, a company of Rosatom Corporation) is going to put into operation a lead and zinc concentrate production facility on Novaya Zemlya archipelago. Every…Details
Since the start of the year Chukotka has yielded 546.84 thousand tons of coal, up by 50% YoY. In three quarters Beringpromugol extracted 433.15 thousand tons of coal, with over 300 thousand tons exported to China, Taiwan, South Korea, Vietnam and Japan. This year the company intends to mine 600 thousand tons of coal, and…Details
Since the start of the year Kuzbass enterprises have mined 136.7 million tons of power-generating coal and 53.3 million tons of coking coal, up by 5.4% YoY. Mines yielded 67 million tons (65.1 million tons in January-September 2017), and pits – 123 million tons (115.1 million tons). In September 22.1 million tons of coal were…Details
As of October 1 the Sibir team LLC, extracting alluvial gold in Irkutsk region, has washed 59.9 kg of the precious metal. The plan for this year is 145 kg of gold. Thus, the annual plan is only 41.4% complete. Last year, as of October 1, the enterprise yielded 100.1 kg. And in the whole…Details
Beloretsk Iron and Steel Works has capitally repaired one of its main shops – the rolling mill-150. Investments in the work totaled 70 million rubles. The mill produces wire rod with the annual capacity of 630 thousand tons. “The mill-150 produces wire rod of 100 steel grades, which is used not only at our shops,…Details
The state enterprise Lvivugol has completely cleared its debt to the miners for August. According to an enterprise representative, funds from selling coal have been transferred, so soon a part of September salary will also be paid. On July 3 some 50 miners blocked the Lviv – Rava-Russkaya international road demanding their salary debts to…Details
Magnitogorsk Iron and Steel Works (MMK) has launched a project, which allows guests to visit the company’s production site. Several sightseeing tours are now readily available to tourists. “Taming the Fire” – this tour includes a visit to Russia’s largest blast furnace plant and the unique complex of Mill 5000 whose products are used to…Details
Chairman of the Majilis (the lower house of the Kazakh Parliament) Nurlan Nigmatulin has arrived in Pavlodar region for a working visit. His meetings with the region’s community are mostly dedicated to the State-of-the-Nation Address of the President of Kazakhstan. The Speaker of the Majilis inspected the Kazakhstan Electrolysis Plant, and also met with the…Details
In January-July Ferrexpo exported 6.711 million tons of iron ore pellets. In particular, Poltava GOK exported 5.098 million tons and Yeristovo GOK – 1.613 million tons. Karelsky Okatysh (Russia) exported 3.808 million tons of pellets. Metinvest in 7 months shipped abroad 3.458 million tons of pellets (CGOK – 1.542 million tons and SevGOK – 1.916…Details
The United Mining and Chemical Company remains one of the most efficient state enterprises and constantly increases payments to state budget. In January-September the group paid 751.7 million UAH of taxes to the budgets of all levels. Together with the salary the payments totaled 1.097 billion UAH. In H1 UMCC occupied the 59th place among…Details
In August Russia exported 212.1 thousand tons of pig iron, up by 51.4% YoY. According to the customs statistics, in January-August exports reached 3.56 million tons, up by 32%, valued at $1311 million, up by 44.5%. USA imported the most – 52.4%, up by 6.1%. The country is followed by Hong Kong (16%), the deliveries…Details
In January-September Izhstal exported 42 thousand tons of metal, up by 81% YoY. In particular, exports to CIS countries grew by 22%, to 22 thousand tons, and to far foreign countries – almost 4-fold, to 20 thousand tons. The company exports bars and sized rolled metal, as well as sections of carbon, alloyed, stainless and…Details