As of August 27, Brindakit LLC, extracting gold in Yakutia, washed 65 kg of gold, with 45 kg obtained from the Brindakit deposits and 20 from the Bam deposits. This year the company intends to obtain 100 kg of gold. Thus the target has been 65% fulfilled. In 2016 Brindakit LLC planned to get 80…
DetailsIzhstal has passed the supervisory audit on the correspondence of its quality management system to the ISO 9001:2008 and the controlling check of manufacture to CPR 305/2011. According to the company statement, the audit and the check have been carried out by TUV SUD specialists. They inspected rolling and steel shops, documentation, etc. The experts…
DetailsThe crushing-processing factory of Sheregesh mine (a part of Evrazruda) within the program to process wastes has put into operation a new diffusing complex. Evraz investments into the project exceeded 5 million rubles. The new complex will reduce waste storage by 200 thousand tons per year, as well as decrease transportation costs. The annual savings…
DetailsIn January-June Nordgold received 3.96 billion rubles ($67.7 million) of net profits according to international standards, down by 28% YoY. Earnings increased by 16%, to 35.38 billion rubles ($604.9 million), EBITDA – by 12%, to $266.5 million (15.59 billion rubles). Capex dropped by 9% YoY, to 8.53 billion rubles ($145.9 million). In Q2 the company…
DetailsIn January-June Mechel mined 10.331 million tons of coal, down by 10% YoY. According to the group statement, steel output in 6 months increased by 5%, to 2.22 million tons, pig iron remained almost flat YoY, at 2.04 million tons. In Q2 Mechel decreased coke sales by 9% because of unstable market situation. “The metal…
DetailsThe gold output of Nordgold, controlled by the Russian businessman Alexei Mordashov, increased by 15% YoY, to 486,200 ounces in January-June, the company said in a statement on August 28. Combined production grew due to a 28% increase of output at the Berezitovy mine, to a 21% increase of output at the Taparko mine, to…
DetailsPriargunskoye Manufacturing Mining and Chemical Enterprise has put into operation the 7D horizon of the uranium mine No. 8, bringing it to the project capacity of 366 thousand tons of ore (705 tons of uranium) per year. The horizon has been put into operation a year and a half earlier. Instead of 3.5 years, all…
DetailsIn 2017 Orion Group+ LLC intends to wash 40 kg of alluvial gold, down by 26 kg YoY. “Our company is not large, and this year the output will be smaller, as our license is expiring. But we intend to prolong it”, the company director Anatoly Chesnokov said. The company will not participate in auctions…
DetailsThe VSMPO-Avisma board of directors has recommended the shareholders to make a decision to pay dividends for the first half of 2017 in the volume of 762.7 rubles per ordinary share. In H1 2016 VSMPO-Avisma dividends totaled 816 rubles per share, thus this year they could decrease by 6.5%. The decision on dividends will be…
DetailsElectrozinc has assembled the longest part of the mist separator flue to the new sanitary discharge pipe at its sulfuric acid shop. The work is being done under the reconstruction and modernization program to improve the sanitation situation in the city of Vladikavkaz. To assemble the flue with the length of 30 meters, diameter of…
DetailsIn January-July Taraz Iron and Steel Works increased ferrosilicomanganese exports to Russia 2-fold YoY, to 4.658 thousand tons. According to the company statement, TMZ is increasing capacity. In August the company created an industrial park with the size of 41 hectares, where its manufacturing, administrative and warehousing premises are located, as well as gas infrastructure.…
DetailsThe largest pig iron manufacturer in Russia – Tulachermet – in January-June received 896 million rubles of net losses against 147 million rubles of net profit in H1 2016. Sales income increased 2-fold, to 23.44 billion rubles. In Q2 the company received 427 million rubles of net losses. Earnings in Q2 increased by 14% QoQ,…
DetailsThe Mednogorsk Copper-Sulfur Works has started constructing a new sulfuric acid warehouse with the capacity of 12 thousand tons. The cost of the project, including equipment, is 400 million rubles. By the end of the year the contractor has to have constructed the foundation for tanks and pump station. The site will be commissioned in…
DetailsIn July Ukraine decreased consumption of coal by 19.4% YoY, to 3.57 million tons, but up by 11.3% MoM. According to the State Statistics Service, in 2016 Ukraine consumed 31.3 million tons of coal, up by 9.4% YoY. In June coal consumption decreased by 21.5% YoY, to 3.2 million tons. (Ukrainian metal)
DetailsWithin the TechFest to be held in Dnipro on September 16-17, Interpipe will present an interactive sensor video wall with a game “Ship pipes to Dubai or wheels to Saudi Arabia”. All in all Interpipe will present 4 events at the Modern Metal Manufacture exhibition. Among them: the virtual tour of the pipe and wheel…
DetailsA fire on the territory of Novosibirsk Iron and Steel Works named after Kuzmin has been extinguished. The accident took place on August 27. The firefighters have evacuated 6 people. There have been no casualties. Furniture and employees personal belongings were on fire in the shop No. 4 basement. (Ukrainian metal)
Details“In 2018-2023 we plan to put 7 new processing factories into operation with the annual capacity of 24.5 million tons. This will allow creating 1570 new jobs and processing 90% of coal mined in Kuzbass. Later on we plan to process all the coal mined here”, the Kemerovo region governor Aman Tulyeev declared. At present…
Details