In March exports totaled $3.7 billion, down by 4.1% YoY. Metal exports growth slowed down to 14.2% despite high prices. Because of that pig iron share in exports increased. Iron ore exports dropped by 9.3% YoY. (Ukrainian metal)
The prices of gold decreased, while the prices of silver, platinum and palladium increased in Azerbaijan on May 3, according to the data published by the Central Bank. The cost of gold decreased by 1.2495 manats, to 2226.031 manats per troy ounce compared to the price on May 2. The cost of silver increased by…
In 2017 VSMPO-Avisma net profit dropped 2-fold YoY, to 12.8 billion rubles. Revenue decreased by 1.6%, to 87.98 billion rubles. Gross profit dropped by 26%, to 32.2 billion rubles. The company fixed liabilities grew 1.6-fold, to 96.6 billion rubles, while current liabilities fell by 27.1%, to 27.1 billion rubles. (Ukrainian metal)
In January-March Nizhny Novgorod region increased industrial output by 2.3% YoY. In particular, metal manufacture demonstrated an increase of 19.2%, and that of metal wares – 10.9%. Rolled metal output increased by 24.3%, while steel pipes, sections and fittings – by 17.3%. (Ukrainian metal)
In January-March the Republic of Sakha (Yakutia) mined 2.4 tons of gold, up by 27% YoY. This year the region intends to obtain 25 tons of gold. Silver mining in 3 months increased by 88% YoY, to 43.8 tons. The goal for this year is 80 tons of silver. (Ukrainian metal)
As of April 30, Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has exported 7 million tons of coal since the start of the year. Last year this mark was reached on May 2. The 7-millionth ton was a part of cargo loaded onto the Roland Oldendorrf bulker. The vessel was…
Lermontovsky Mining and Processing Works has resumed manufacture of tungsten concentrate after almost a 3-month hold to assemble new machinery. LGOK has been experiencing problems with ore mining and sales since 2003. The mining was suspended in September 2008. In June 2013 a new LLC was created to carry out operations. In October 2016 LGOK…
The net profit of Russia’s Chelyabinsk Zinc Works by soared 43.8%, to 5.776 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 3. Revenue rose by 27%, to 38.548 billion rubles. Gross profit grew by 20.5%, to 10.757 billion rubles. (Prime/Ukrainian metal)