In 2017 the Industrial Metallurgical Holding increased revenue by 32%, to 85.36 billion rubles. The company net profit dropped by 18%, to 7.6 billion rubles, while its gross profit increased by 38%, to 27.9 billion rubles. EBITDA grew by 45%, to 17 billion rubles. The company product prime cost increased by 29%, to 57.4 billion…
DetailsLemtrans, a leading private operator of railway rolling stock in Ukraine, concluded a two-year contract in the framework of long-term cooperation with one of the largest steel producers ArcelorMittal Kriviy Rih. This contract provides the consignor with the complex provision of the rolling stock for the supply of fluxes, coal and coke and export of…
DetailsAstana is gearing up to host the 25th World Mining Congress on June 19-22. Majilis member Albert Rau said that it would be a milestone event dated to the 60th anniversary since its establishment of the Congress in Warsaw in 1958. According to Rau, the establishment of the congress led to a significant breakthrough in…
DetailsRussia’s VSMPO-Avisma, the world’s largest titanium producer, is concerned that a proposed ban on supplies of titanium to the United States could squeeze it out of emerging markets. Russia will stop the supply of titanium, which is necessary for the production of Boeing aircraft, to the United States, Sergey Ryabuhin, the chairman of Federation Council’s…
DetailsBelarus Iron and Steel Works (BMZ trademark) plans to supply $40 million worth of products to Ukraine in 2018, the company’s representatives declared following the “Made in Belarus” expo. “As for the 2018 plans, we will probably sell 100,000 tons of products (around $40 million) to this market. We have ambitious plans. BMZ has a…
DetailsRussian aluminum producer RUSAL has abandoned an idea to ask the shareholders for a mandate to compete for a stake in Norilsk Nickel with Interros due to the new U.S. sanctions, it said in a statement. According to the statement, RUSAL will monitor the situation and can return to the move if sees it necessary.…
DetailsRio Tinto will declare force major on several contracts with aluminum producer RUSAL due to the inclusion of the Russian company in the U.S. blacklist, Rio Tinto said in a statement. On April 6 the U.S. imposed sanctions against 38 Russian tycoons, officials and companies, including RUSAL. (Prime/Ukrainian metal)
DetailsPersonal belongings of employees were stolen from the territory of the Chinese enterprise GL Makmal Developing at Makmal. According to the company, all the employees of the enterprise have started working, but the Chinese investors do not yet know at whose expense the burned objects will be restored. It is known that the government and…
DetailsLast week the price of one ounce of gold increased by 13.2345 manats or by 0.58%, to 2,276.3956 manats. The price of one ounce of silver increased by 0.1846 manats or by 0.66%, to 28.0715 manats. The price of one ounce of platinum increased by 16.4305 manats or by 1%, to 1578.8835 manats And the…
DetailsSome politicians are involved in the riots that occurred in Toguz-Toro district, where the gold processing plant under construction was set on fire, the Prime Minister of the country announced at a meeting of Kyrgyzstan parliamentary faction. Sapar Isakov said that the Ministry of Internal Affairs asked for time for investigation. But the names of…
DetailsZaporizhstal has opened the season of shipping metal products via water transport. This year the company intends to deliver some 600 thousand tons of metal via the River Dnepr. Zaporizhstal metal has already been delivered over the water to Greece, Bulgaria, Turkey, Romania, Georgia, Serbia and Macedonia. “This year we will keep the volumes of…
DetailsThe Armyansk City Court has found Titanium Investments – Crimean Titanium LLC guilty of not paying for negative influence on the environment. The company did not pay over 3 million rubles for harming the environment. Now it has 6 months to pay the debt. The company, situated in Russia-annexed Crimea, covers a third part of…
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