Russia: HERGU gets 114 kg of gold
The gold-mining company HERGU has so far obtained 114 kg of alluvial gold. This year the company intends to yield 700 kg, down by 40 kg YoY. In 2015 HERGU obtained 675 kg of gold. (Ukrainian metal)
Russia: KUZOTsM output up in January-May 2017
In January-May Kamensk-Uralsk Non-Ferrous Metals Processing Works increased output – mostly following the restoration of local demand. In particular the company produced 525 tons of non-ferrous wire, 99 tons of ingots, 446 tons of strips and sections, as well as 5340 tons of rods, all up by 49%, 79%, 103% and 1% YoY respectively. “These…
Russia: CherMK increases CHG capacity
Cherepovets Iron and Steel Works has improved the output of the continuous hot galvanizing machine in its plating shop No. 1. The machine speed was increased to 180 meters per minute. With the improved operation the shop has already produced 4 coils of galvanized metal with the total weight of 100 tons. (Ukrainian metal)
Ukraine: EMZ to put second BF in operation
Yenakievo Iron and Steel Works, “nationalized” by the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, intends to put its second blast furnace in operation in July. The head of the local terrorists Alexander Zakharchenko has also promised to solve the coking coal sales problem. (Ukrainian metal)
Ukraine: Metinvest EBITDA up in April 2017
In April Metinvest EBITDA increased by 41.67% MoM, or by $40 million, to $136 million, while its net income dropped by 9.1%, or by $60 million, to $603 million. According to the company statement, in April it sold 183 thousand tons of semi-finished products valued at $74 million. The group also sold 597 thousand tons…
Ukraine: Trump announces intention to sell millions of tons of coal
President of the United States Donald Trump is ready to sell “millions and millions of tons of coal” to Ukraine. Trump announced his plans to export coal to Ukraine. “Ukraine already tells us they need millions and millions of metric tons of coal,” Trump said at an event at the Department of Energy. “Right now,…
Russia: Polyus board sets SPO price at $66.5 per share
The board of directors of the Russian gold producer Polyus has set the price of its secondary public offering (SPO) at $66.5 per share, the company said in a report on June 30. Polyus planned to offer from 7% to 9% of its capital, including $400 million worth of new shares and existing securities, including…
Russia: Fitch improves outlook on ratings of Koks Group
International rating agency Fitch has improved its outlook on ratings of the Russian pig iron producer Koks Group to Stable from Negative as liquidity risks have shrunk after the placement of $500 million worth of 2022 bonds at 7.75%, the agency said. “At end-May the Fitch-calculated liquidity ratio improved to well above 2x, a level…