In Q3 Taganrog Iron and Steel Works received the net loss of 36.8 million rubles. In Q2 the net loss was 357 million rubles. And in Q3 2016 – 635 million rubles. In January-September Tagmet received 452 million rubles of losses, down from 962 million rubles in January-September 2016. Tagmet revenue in Q3 increased by…Details
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In January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY. According to the State Statistics Committee, in October gold output totaled 672.9 kg. In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)Details
AzerGold has signed an agreement with Enterprise Solutions Consulting Group LLC for the creation of the Enterprise Resource Planning (ERP) system. The cost of the contract is 180.76 million mantas. AzerGold was created on February 11, 2015. It is developing Garadag, Chovdar, Geydag, Dagkesemen, Kokhnemeden iron- and gold-bearing sites as well as the Kyuryakchay basin.…Details
The environment prosecutors filed a suit to recover 47 million rubles from Irkutsk Aluminum Works for the damage done to the environment when using the industrial and household waste landfill. According to the prosecutors the company has violated the rules to manage wastes, resulting in the damage to the environment. Thus, the soil and trees…Details
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)Details
The 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…Details
Karabashmed 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…Details
Kyshtym 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)Details
Cherepovets 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,…Details
Centerra 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…Details
In 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…Details
The 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…Details