In January-October Yakutia mined 21 tons of gold, down by 8.7% YoY. The output drop is explained by the late start of the 2016-industrial season. Some companies could not even start operating. In 2015 Yakutia mined 25.08 tons of gold, up by 5.2% YoY. This year Yakutia is expected to produce 22 tons of gold.…
In January-October Russia decreased palladium ingots and its alloys output by 0.1% YoY. Platinum and its ingots production dropped by 0.4% YoY. In October platinum output dropped by 33.6% YoY and by 28.5% MoM. Palladium output decreased by 30.2% YoY and by 6.2% MoM. (Ukrainian metal)
In January-October Kazakhstan produced 3521.85 thousand tons of steel, up by 11.7% YoY. According to the Ministry of economy, flat rolled metal output totaled 2476.75 thousand tons, up by 17.5% YoY, ferroalloys production reached 1595 thousand tons, up by 5.8%. Kazakhstan also mined 80.82 million tons of coal, down by 5.6% YoY. (Ukrainian metal)
In January-October Ukrainian refractory companies produced 182 thousand tons of products, up by 5% YoY. Metal wares output totaled 166 thousand tons, up by 15% YoY. Iron ore production dropped by 6%, to 62.83 million tons, concentrate – by 5%, to 52.41 million tons, At the same time iron ore raw materials output went up…
In Q3 MMK-Metiz received 160.1 million rubles of net profits, down by 34% QoQ. The drop is explained by the sales decrease: in Q3 the company sold 4.11 billion rubles worth of products, down by 13% QoQ. In January-September MMK-Metiz received 279.48 million rubles of net profits, up 12 times YoY, with sales down by…
Metinvest intends to invest around 25 million UAH into the Donetsk Medical University named after Gorky that has moved to Mariupol. “We have opened a new building of the university and started constructing another. The university has moved into our town, so we’re helping it to settle here”, the company CEO Yuri Zinchenko said. (Ukrainian…