In January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles. Revenues decreased by 775 million rubles, to 55.1 billion rubles. Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)
DetailsThe assembly of a huge ball mill has started in the rotary shop of Chelyabinsk Zinc Works. The 70-ton machine is used for dry milling of zinc-containing calcined rotary oxide and turning it into a homogeneous product. According to the company CEO Pavel Izbrecht, in 2018 ChTZ will spend some 400 million rubles on environment…
DetailsKarabashmed will assemble 4 new bucket cranes with the lifting capacity of 16 tons in its metallurgical shop. The new lifting machinery will decrease copper concentrate unloading time, increase the volumes of received concentrate and create conditions to improve output. The assembly of the cranes is scheduled for late December. As the result of the…
DetailsKyshtym Electrolytic Copper Plant has finished the assembly of two additional rows of electrolysis baths within the program to increase copper cathode capacities. Each row includes 40 ferroconcrete baths. The project will increase cathode output by 16.7%, to 140 thousand tons per year. Investments in the modernization are estimated at 420 million rubles. (Ukrainian metal)
DetailsCherepovets Iron and Steel Works has completed the first stage of the coking battery No. 4 reconstruction – the foundation of the first plate. The total cost of the project is some 6 billion rubles. “This is a unique event for our city, our country and even for the whole CIS. Reconstruction of such a…
Details“The Kyrgyz government has no means to clear Kumtor’s open pit, so it is necessary to develop glaciers,” Deputy Prime Minister Duishenbek Zilaliev said at a parliament meeting. According to him, if Kumtor does not work, then the glaciers will collapse into the pit. The government will have to clear it at its own expense,…
DetailsCenterra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in 9 months of 2017. KGC produced 404,584 ounces or 12,583.98 kg of gold, Public Relations Department of Kumtor Gold Company reported. During the third quarter of 2017, Kumtor produced 138,561 ounces of gold compared to 166,030 ounces of gold…
DetailsIn January-September the income of TMK increased by 31% YoY, to $3.191 billion. According to the company statement, in Q3 the growth totaled 3% QoQ, to $1.14 billion. EBITDA for Q3 increased by 27%, to $169 million, for 9 months – by 14%, to $444 million. Net profit totaled $22 million in Q3 and $46…
DetailsThe Corum Druzhkovka Machine-Building Works has supplied 162 sections of anchoring to the Dalnyaya mine, a part of Donskoy Antrazit (DTEK). According to the company statement, this is the largest anchoring order this year. “Similar anchoring is already successfully used at the mine. We made the first delivery in 2013, and the second order is…
DetailsIn October consumption of anthracite in Ukraine dropped by 30%, or by 300 thousand tons. According to the vice-prime minister Vladimir Kistion, 100 thousand tons have been saved thanks to the warm October and 200 thousand tons because of the switch of thermal power plants to the gas-coal. Kistion is sure that next year the…
DetailsBSK Steel appeared a year ago. Since then the company has assembled a polymer-coating line with the annual capacity of 200 thousand tons. The first output was in June. At present the company produces some 4 thousand tons per month with the thickness of 0.3-0.5 mm with various coatings. The metal is supplied across Russia,…
DetailsEvraz might get competitors in the purchase of Sibuglemet, which it has been managing since 2015. In December VEB will hold a competition to manage the holding in Kemerovo region. It had to be hold in summer, but was postponed due to no interest except for on behalf of Evraz. But the new sales already…
DetailsMetinvest and Lemtrans have signed a 3-year cooperation agreement. Within the agreement Lemtrans will not only provide open cars to Metinvest, but will also manage all the open cars of the holding. The new agreement takes into account the experience of the previous 3-year contract. “We are taking steps to increase our own open cars…
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