Ukraine: to resume operation at EMZ separatists need $10 million a day

The resumption of the Yenakievo Iron and Steel Works and its Makeevka subsidiary operation is estimated at 584 million rubles a day, according to the so-called ministry of industry of the Donetsk People’s Republic, the terrorist organization, supported by Russia, on the occupied territories of Ukraine. Earlier the chief of the organization Alexander Zakharchenko said…

Russia: KMAruda profits up in 2016

In 2016 KMAruda received 566 million rubles of net profits, up 1.7-fold YoY. According to the company statement its income rose by 7.9%, to 5 billion rubles. “The positive dynamics was provided by the increase in revenue and the concentrate price”, the company said. The works was also able to cut expenses by slightly decreasing…