Ukraine: EBRD representatives visit AMKR

Senior Environment Adviser of European Bank for Reconstruction and Development (EBRD) Robert Adamczyk and Senior Manager for Sustainable Development and Corporate Responsibility of ArcelorMittal Аlan Knight paid a two-day working visit to ArcelorMittal Kriviy Rih. At the end of 2017 EBRD approved opening of a credit line for ArcelorMittal at 350 million euros to finance…

Russia: Seligdar losses up in H1 2018

In January-June Seligdar received 759.9 million rubles of net losses, up from 283.3 million rubles in H1 2017. At the same time the company revenue grew 1.6-fold, to 3.808 billion rubles. Gold sales accounted for 2.9 billion rubles, while tin and tungsten – for 270.8 million rubles. Other services (ore mining) accounted for 552.7 million…

Kazakhstan: major mineral exploration project implemented

A major mineral exploration project is being implemented in Kazakhstan’s Karaganda region in cooperation with foreign investors. An Australian-UK concern, the name of which was not disclosed, allocated 9 billion tenges to search for minerals. The total exploration area is 17,000 square meters. The exploration is carried out at sections in Balkhash-Saryshagan and Korgantas regions.…

Ukraine: anthracite to be replaced with gas coal

Prime Minister of Ukraine Volodymyr Groysman has said that Ukraine should fully refuse from anthracite and increase the production of gas coal. “Ukrainian anthracite coal is in occupation area in Ukrainian Donbas. We have to do everything to refuse from anthracite and increase the production of gas coal as much as we can,” Groysman said…

Russia: Raspadskaya net profit up in H1 2018

In January-June one of the largest coking coal producers in Russia – Raspadskaya – increased revenue by 23% YoY, to $542 million.

Net profit grew by 34%, to $225 million, with EBITDA up from $235 million to $303 million.

At the same time coal output decreased by 9%, to 5.4 million tons. (Ukrainian metal)

Ukraine: Zaporizhstal buys school kits

Zaporizhstal together with Zaporozhogneupor, Zaporozhkoks and Zaporozhye Casting-Mechanical Works under the annual program “First time to school” handed stationary kits to 5500 pupils, the children of their employees. Altogether the stationary kits cost 3.1 million UAH. The children who went to school for the first time received their first school bags with stationary kits. Children…