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AK Processing intends to put into operation a cathode copper works in Urdzhar region in the East-Kazakhstan district. The cost of the project is 4.58 billion tenge. The works will have the capacity of 2520 tons of copper per year. It will be put into operation in 2018. AK Processing is the daughter company of…
DetailsIn January-June Zhairem Mining and Processing Works received 5.503 billion tenge of net profits, up 2.4-fold YoY. EBITDA also increased 2.4-fold, to 6.962 billion tenge, with gross profit up 2.3-fold, to 9.324 billion tenge. The company assets have increased by 16.8%, to 36.729 billion tenge, with liabilities up by 6.4%, to 6.842 billion tenge. Zhairem…
DetailsIn January-June Russia increased imports of galvanized steel with polymer coating by 36.6% YoY. According to the Federal Customs Service, Russia imported 269.5 thousand tons of steel, with 59% supplied by China, followed by South Korea and Kazakhstan. Chinese price was $789.4 per ton, Kazakhstani – $997.5, and Korean – $1226 per ton. In June…
DetailsNovgorodsky Iron and Steel Works has completed the scheduled repair of its MAERZ furnace. All the work has been done without side contractors. “Thanks to the combined efforts of the NMZ employees we have completed the repair 18 hours ahead of schedule. This allowed us to start heating the furnace and make products earlier”, the…
DetailsVIZ-Stal will get new crane machinery for its cold-rolling shop: the company has concluded an agreement with a machine-building works. The bridge crane of the latest generation with the lifting capacity of 22 tons will improve cargo transportation by 10% compared with the previous machine. The company will receive the crane in November, and it…
DetailsIn January-June Metalloinvest increased its net profit by 36.7% YoY, to $585 million. The group earnings reached $3.032 billion, up by 57%. EBITDA was $1.061 billion, up by 99.1%. Metalloinvest net debt totaled $3.602 billion. (Ukrainian metal)
DetailsUraltrubprom has supplied a batch of pipes to Europe of a rare size: 323.9 mm with the wall thickness of 20 mm. The pipes are manufactured according to EN 10219. The weight of the batch was 92 tons. The pipes will be used in construction structures. (Ukrainian metal)
DetailsThe prosecutor’s office of the Donetsk region is investigating the fatal injury of a constructor of the Mine constructing group No. 1 at the Pokrovskoye Mine Group. At present the prosecutors believe that the safety rules when working at a highly dangerous site have been violated. (Ukrainian metal)
DetailsThe first shipment of anthracite coal from the United States, supplied by XCoal Energy and Resources, totaling 85,000 tons should arrive in Ukraine in early September, the embassy of Ukraine in the United States wrote on Facebook. “The shipment of thermal coal to Ukraine was established by an agreement between the Ukrainian state-owned Centrenergo and…
DetailsRosterminalugol 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…
DetailsIn 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…
DetailsOn 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…
DetailsOrmet 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…
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