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Russia: Ust-Kara profit up in 2019

In 2019, Priisk Ust-Kara, developing alluvial gold deposits in Zabaikalye region, increased net profit 2.7-fold, to 553.9 million rubles. Revenue grew from 1587.3 million rubles to 2546.1 million rubles. Sales profit increased 2-fold, to 685.9 million rubles. Last year the company extracted 863 kg of gold. This year the output is expected to remain at…

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Ukraine: Metinvest to construct oxygen machine at Mariupol Ilyich

Metinvest is preparing to start constructing an oxygen machine at Mariupol Ilyich Iron and Steel Works. “Despite coronavirus and quarantine, Mariupol Ilyich is modernizing its machinery – the company is preparing to construct an air-separation complex. It will consist of an air-separation machine with the storage of liquid oxygen and gasification station. The capacity of…

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