Zinc, Metals and mining
The net profit of the Chelyabinsk zinc plant under RAS in Q1 2017 grew by 31.5% compared with Q1 2016 to 1.205 bln roubles.
In the first 2017, the KAZ Minerals Group produced 52.1 thousand tons of copper, increased production by 16% compared to the fourth quarter of 2016 and by 130% compared to the first quarter of 2016
In 2016, Siberia-Polymetals (a part of UGMK) reduced its capital investments 3.6 times compared to the previous year to 1.08 billion rubles, this follows from the company's report.
The Ural Mining and Metallurgical Company (UGMK) has increased its stake in the authorized capital of the Chelyabinsk zinc plant to 97.714%.
In 2017 compared with 2016 Chelyabinsk zinc plant (in the structure of UGMK) plans to increase the output of saleable zinc from 174.8 thousand tons to 183 thousand tons.
Vostokugol of Dmitry Bosov and Alexander Isayev, which develops coal projects on Taimyr, may take part in another polar project.
In the first two months of this year, the production of raw lead decreased by 23.9%, raw zinc - by 1.7%, this follows from the report of the Federal State Statistics Service.
Chelyabinsk zinc plant in 2016 increased net profit under RAS by 1.7 times against 2015 to 3.9 bln roubles, is said in the company’s report under RAS.
The Statistics Committee of the Ministry of Economy of Kazakhstan reported that the output of copper cathodes and refined zinc in Kazakhstan fell by 3.3% and 1.0% in annual terms in January-Februar
Chelyabinsk zinc plant, the largest Russian producer of high-quality zinc and its alloys, member of the metallurgical group of UGMK, has summed up the operating results for January-December 2016.