In 2017 Susumanzoloto received 1.8 billion rubles of net profit, down by 18% YoY. The company revenue grew by 31%, to 13.39 billion rubles. Gold sales revenue totaled 13.27 billion rubles, also up by 31%. Last year the company acquired three enterprises – Nedra LLC for 71.5 million rubles, Sever LLC for 705 million rubles…Details
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Olkon, a part of Severstal, has finished the drying season, which has lasted for half a year. The drying complex has been operating in a stable mode. In the 2017-2018 season the technological and qualitative indexes of the iron ore concentrate corresponded to the standards, including by moisture content. The average capacity of the drying…Details
In March Russia produced 4.3 million tons of pig iron, down by 5.5% YoY (3.885 million tons in February). In January-March pig iron output dropped by 3.4% YoY, to 12.485 million tons. Ukraine increased pig iron production by 7.6% YoY, to 1.678 million tons (1.632 million tons), with 5.247 million tons produced in 3 months,…Details
In January-March Amur region yielded 4.24 tons of gold, down by 9.3% YoY. Petropavlovsk mines provided for the main part of the output – 1.4 tons at Pokrovsk, 1.12 tons at Albynsk, and 0.87 tons at Malomyr. Gold mining in Amur region in 2017 grew by 15.6% YoY, to 25.77 tons. (Ukrainian metal)Details
By 2021 Kolmar intends to have mined 22 million tons of coal at the Yuzhnaya Yakutia territory of rapid development. “18 million tons of coal will be extracted from mines. That’s 12 million tons at Inaglinskaya-2 mine (two stages of 6 million tons each) and 6 million tons at the Denisovsky GOK mine. 4 million…Details
The government has ordered to include 20 land plots into the Komsomolsk territory of the rapid development in Khabarovsk region to carry out investment projects on construction and modernization of tin-mining enterprises. The order has been submitted by the Ministry of the Far East development. As the result of the projects’ implementation, the volume of…Details
Karelsky Okatysh has assembled a new fine crusher. It will be in operation for some 12 years. The crusher was produced by Uralmashzavod and was equipped with the 500 kW engine. The capacity of the crusher is over 600 tons of ore per hour. The company operates 8 fine crushers. 5 have already been replaced,…Details
VSMPO-Avisma has decided to stop developing the Centralnoye deposits in Tambov region. The corporation acquired the right to develop the deposits in July 2011 for 1.473 billion rubles. In 2016 the start of the development was shifted to 2019. The corporation has prolonged its license till 2029. It was also interested in attracting partners to…Details
The operation of the Port Eastern Gates – Primorye Works in Nakhodka was suspended following the checks on April 28. It was found out that the company was handling coal without the permission to pollute air. The checks followed the complaints of Nakhodka citizens on coal dust originating from coal handling. (Ukrainian metal)Details
In January-March Metinvest decreased steel output by 4% YoY, to 1.825 million tons. At the same time pig iron manufacture grew by 9%, to 2.156 million tons. Iron ore concentrate production increased by 4%, to 6.924 million tons. Pellets manufacture grew by 48%, to 1.723 million tons. The group has decreased coking coal output by…Details
In January-March Ukraine imported 291.3 thousand tons of steel, up by 24.4% YoY. Domestic market increased consumption by 13.1%, to 1.056 million tons. Import’s share grew from 25.07% to 27.6%. The shares of flat and long rolled metal in imports were almost equal – 48.5% and 47.9%, as opposed to 37.5% and 61.5% in Q1…Details
At a meeting on April 27 the Board of Directors of NLMK Group, an international steel company with operations in Russia, the US and the EU, approved the new composition of the Group’s Management Board as follows. The new Management Board is: Grigory Fedorishin – President (Chairman of the Management Board), Mikhail Arkhipov – Vice…Details
At a meeting held on April 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 2018 dividends of 5.73 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8. NLMK Group’s Board of Directors recommended NLMK shareholders approve dividends of 5.73…Details