The international ratings agency Fitch Ratings has granted Rusal the long-term rating of BB- with the stable outlook. Rusal has been operating successfully even under US sanctions. Moreover their impact was limited and their implementation had been several times postponed, thus the company did not feel the overall impact of the sanctions, Fitch said. (Ukrainian…
The Supreme Court has confirmed the legitimacy of the ruling of the Eastern commercial court of appeals on annulling the agreement dated 2015 for the state enterprise Coal Company Krasnolimanskaya (Donetsk region) to supply over 65.128 thousand tons of coal to Trading House – Resource (Zaporozhye) at a price one third below the market. The…
In 2018 Korshunovsky Mining and Processing Works decreased net profit more than 2-fold YoY, to 2.33 billion rubles. In 2017 net profit exceeded 4.7 billion rubles. Last year revenue dropped by 13%, to 9.99 billion rubles. Sales profit fell to 330 million rubles from 2.2 billion rubles in 2017. (Ukrainian metal)
In 2019 Pavlik intends to extract 7 tons of gold, up by 6% YoY. The output capacity of the mining and processing works will remain the same – 5 million tons of ore per year. Last year the rate of the gold extraction from ore reached 80%. Thus the enterprise produced the record high 6.6…
Severstal Steel Decisions is increasing its manufacturing capacities by purchasing a second Voortman V250 machine to drill plates. The new machine is purchased under an investment program to modernize the manufacturing site in Orel with the total cost of 100 million rubles. The Severstal Steel Decisions works is situated in the city of Orel at…
In 2018 Nordgold net profit decreased by 45% YoY, to $91.9 million. EBITDA dropped by 10%, to $470.2 million. Revenue fell by 6%, to $1.143 billion. In Q4 2018 the company had a net loss of $17.3 million against $17.3 million of profit in Q3. EBITDA went up by 26%, to $124.7 million, and revenue…
Capital investment projects will become the main focus for the Metinvest group this year. “We have recently commissioned the continuous casting machine No. 4 at the Mariupol Ilyich Iron and Steel Works, but this is only the beginning of our large-scale investment program, as it allows us increasing our steel output by 1 million tons.…
