In 2017 Berezitovsky Mine LLC, a part of Nordgold, produced 2.933 tons (94.3 thousand ounces) of gold, up by 18% YoY. According to the company press-service, the increase has to do with the growth of the manufacturing efficiency as well as commissioning of the third stage of the quarry. Last year the company mined some…
A new drilling rig began operating in the Stoylensky Mining and Processing Works quarry. It has been purchased under the renovation program to replace outdated machinery. The efficiency of the new rig is 7% higher. The new machine also boasts increased lifetime of 2 years and decreased terms of repairs. (Ukrainian metal)
In 2017 Raspadskaya increased deliveries of coking coal to Evraz Ukraine enterprises 9-fold YoY, to 506 thousand tons. The share of Evraz Ukraine in the total sales of coal concentrate grew to 8% in 2017 from 1% in 2016. Last year the company sold 7.494 million tons of coal concentrate and ordinary coal, up by…
In February Evraz NTMK decreased railroad sales of rolled metal by 6.1% YoY, to 280.2 thousand tons. In January-February sales dropped by 12.7%, to 586 thousand tons. In particular, supplies to domestic consumers decreased by 7.5%, to 289.2 thousand tons, and for export – by 17.2%, to 296.8 thousand tons. (Ukrainian metal)
Gaz-Alliance, controlled by the renegate businessman Sergey Kurchenko, has been appointed the only supplier of coal from the Kiev-uncontrolled territories. According to Vladislav Brig, a member of the so-called People’s Council of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, on March 14 the Russian Ministry of economic development prohibited the…
In 2017 Raspadskaya received $319 million of net profit, up 1.7-fold YoY. According to the company statement, its revenue grew 1.7-fold, to $868 million. The gross profit reached $459 million, up 2.2-fold YoY. (Ukrainian metal)
In 2017 ArcelorMittal Kriviy Rih increased net profit by 87% YoY, to $190 million (5.06 billion UAH). According to the company statement, net income totaled $2.489 billion (66.19 billion UAH). Investments last year reached $0.338 billion (9 billion UAH). “This year AMKR will continue investing in developing capacities. The planned amount for this year is…
In February metal exports from Ukraine dropped by 5.5% MoM, to 638.6 thousand tons. According to the state enterprise Derzhzovnishinform, revenue decreased by 4.4%, to $828.8 million. In January revenue from metal exports was $867 million. (Ukrainian metal)