Russia: TMK revenue up in Q2 2019

In April-June TMK increased revenue by 4% QoQ, to $1307 million.

EBITDA grew by 11%, to $195 million.

Net debt as of June 30 totaled $2641 million.

In H1 revenue decreased by 2% YoY.

EBITDA went up by 4%, to $370 million.

In particular, Russian division EBITDA increased by 18%. (Ukrainian metal)

Russia: Mechel profit up in H1 2019

In January-June Mechel profit accountable for shareholders grew 2.7-fold, to 12.75 billion rubles. Consolidated revenue dropped by 2%, to 153.3 billion rubles. EBITDA decreased by 27%, to 30.35 billion rubles. In Q2 profit fell by 88% QoQ, to 1.4 billion rubles, revenue increased by 5%, to 78.5 billion rubles, but EBITDA dropped by 2%, to…

Russia: gold output up in July 2019

Russian gold production rose by 12.9% YoY and by 10.6% MoM in July, the Federal State Statistics Service said in a report.

In January-July gold production grew by 21.5% YoY.

No absolute figures were disclosed. (Prime/Ukrainian metal)

Russia: ZEMZ mulls cooperation issues with Hermith

Representatives of Hermith GmbH – Hermith Rus CEO Natalia Chernenko and the chief technical officer Sergey Altynbayev – have discussed further cooperation with the managing director of Zlatoust Electrometallurgical Works Alexander Yefimushkin and director of reconstruction and development Andrey Lyska. In particular, the parties discussed the issues of titanium products manufacture for European and other…

Kyrgyzstan: Kichi-Chaarat concentration plant launched in Jalal-Abad region

Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev during his working trip to Jalal-Abad region took part in the ceremony of opening Kichi-Chaarat concentration plant in Chatkal district, the Information Support Department of the Government’s Office of the Kyrgyz Republic reported. Kichi-Chaarat CJSC, established in 2008, is located in the rural district Kanysh-Kiya of Chatkal district. Upon…