Ukraine: coal output down in 2019

In 2019, Ukraine mined 31.22 million tons of coal, down by 6.2% YoY. According to the Ministry of Energy and Environment Protection, coking coal mining grew by 8.8%, to 6.32 million tons, while that of power-generating coal fell by 9.4%, to 24.9 million tons. In December 2019, coal output dropped by 0.1% YoY, to 2.8…

Ukraine: ferrous metals export revenue down in 2019

In 2019, Ukraine exported $8.738 billion worth of ferrous metals, down by 12.1% YoY. According to the State Customs Service, ferrous metals accounted for 17.45% of all exports as opposed to 20.99% in 2018. In December 2019, ferrous metals exports totaled $521.764 million. Ferrous metals imports decreased by 6.9%, to $1.251 billion, with $73.843 million…

Russia: ММК Turkish sales down in Q4 2019

Metal product sales of ММК Metalurji, a Turkish affiliate of Russia’s Magnitogorsk Iron and Steel Works (MMK), decreased by 15.9% QoQ, to 158,000 tons in October-December 2019 due to a tough market situation, MMK said in a statement on January 21. In the whole of 2019, the sales fell by 6.2%, to 720,000 tons, it…

Kyrgyzstan: Kyrgyzaltyn profit up in 2019

In 2019, the net profit of Kyrgyzaltyn OJSC, excluding Centerra Gold dividend income, amounted to 286.5 million soms, press service of the company reported. Compared with 2018, the figure has reportedly tripled. In addition, the company has transferred 400 million soms in taxes and payments to the budget. Including dividends, 100 million soms have been…

Russia: Olkon output up in 2019

In 2019, Olkon produced 4.339 million tons of concentrate, up by 2.4% YoY. The growth was due to the increase of deliveries to Cherepovets Iron and Steel Works. Average iron content in concentrate reached 68.45%, an absolute record for the company, with the maximum reached in December 2019 – 68.81%. This year output volume is…