Rosterminalugol JSC, the largest dedicated coal port in the North-West region of Russia, part of Russia’s largest coal port holding Port Management Company LLC, says it has exported 15 million tons of coal this year. In 2016, this result was achieved on November 4. The milestone ton of coal was loaded onto Panamax bulk cargo…Details
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In April-June MMK-Metiz received 444.6 million rubles of net profit, up 1.8-fold QoQ. In H1 the company received 696.4 million rubles of net profit against 110 million rubles in H1 2016. MMK-Metiz earnings in H1 totaled 9.62 billion rubles, up by 22% YoY. Sales in Q2 increased by 18% QoQ, to 5.21 billion rubles. (Ukrainian…Details
On August 25 Darkhan LLC will put into operation a factory at the Kirchenovskoye gold-silver deposits. The full capacity of 340 tons of ore per year will be reached in Q3. From 2018 the annual output will total 400 kg of gold and 25 tons of silver. The first stage of the deposits will be…Details
Ormet has put the new gyratory crusher into operation at its processing factory ore-preparing department. The capacity of the new machinery is 85-140 cubic meters of material per hour. Investments into the project totaled 14.5 million rubles. Disassembly of the old unit and the assembly of the new one were done in 10 days. In…Details
Bratsk Aluminum Works has received 2 peripheral anode fluting machines. The new machinery has been designed by the company engineers and produced at Rusal subsidiary in Krasnoyarsk. The program to replace machinery at BrAZ has been carried out since 2015. “The new machines are more efficient”, the BrAZ managing director Yevgeniy Zenkin said. The program…Details
The ex-MP of the Verkhovnaya Rada Ihor Gumenyuk is leaving the beneficiaries of Krasnolimanskoye LLC. The seller has already received 10% of the prepayment. The rest should be paid by October. Gumenyuk is selling all his shares (72%). Together with him two minor shareholders also leave the company – Vasiliy Mikulin and Irina Fridman, each…Details
The supervisory board of the Yasinovsky By-Product Coke Plant, situated on the Ukraine-uncontrolled territory, has decreased the number of its members from 7 to 3, having extended the office of the acting chairman Leonid Kuzmichev for 3 years. The other two members, who have remained in the board, are Tatyana Varavka and Marina Kremen. (Ukrainian…Details
In 2016 Ukraine imported $13.07 million worth of gold, down almost 2-fold YoY. According to the State Fiscal Service, the Netherlands supplied the most gold last year – $8.4 million, Switzerland – $3.8 million. Silver imports dropped as well – by 7.1%, to $3.6 million. (Ukrainian metal)Details
The Kharkiv Machine-Building Works “Corum Svet shakhtera” has produced a modernized KA-200 combine for the mine named after Space Heroes. The combine will be used to mechanically take coal from breakage faces and has a chainless haulage system, which increases the equipment life time. The machine will operate at the depth of 370 meters and…Details
Interpipe has appointed Andrei Lukyanov the new products and resources director. The new manager began working on August 1. Lukyanov started working at the Magnitogorsk Iron and Steel Works (Russia), he then was the transformation director at ArcelorMittal Kriviy Rih (2011-2013). While working for Boston Consulting Group Lukyanov participated in Interpipe strategy projects. Before coming…Details
AzerGold has concluded an agreement with Bestcomp Group for the delivery of IT-equipment (computers and accessories). The cost of the contract is 211.57 thousand manats. AzerGold was created by the president Ilham Aliyev’s decree in 2015. It prospects, develops and manages gold- and iron-bearing sites Garadag, Chovdar, Geydag, Dagkesemen, Kokhnemeden and the Kyuryakchai basin. (Ukrainian…Details
5 ultrasonic testing units by ScanMaster and BiA have been assembled at the forging complex in the town of Verkhnyaya Salda. Investments totaled 2.7 million euro (188.6 million rubles). VSMPO plans to unite all the ultrasound testing units in one place. For this in July the company started moving 8 units from the south extension…Details