The net profit of Siberian Coal Energy Company (SUEK) plunged by 39.3% YoY, to $706 million in 2019, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 9%, to $7.547 billion mainly due to contraction of global coal prices. Revenue from exports of coal went down by 15%, to $4.877 billion, with international…
In 2019 Kyrgyzstan extracted the record-high volume of gold – 26 tons. Silver output dropped by 1%, to 21.8 tons. Companies have 2435 licenses to operate in Kyrgyzstan. In particular, 469 licenses have been issued to develop gold deposits. (Ukrainian metal)
Tajikistan has calculated gold reserves of 40 deposits. The country has 40 operating and 85 promising deposits. At the same time the country has not disclosed the reserves of the 40 deposits due to the secret nature of the information. (Ukrainian metal)
Evraz NTMK has shipped over 1800 tons of flanged beams for the construction of the Angara space rocket launcher in the Far East. Low-alloyed flanged beams with the size of 200 to 700 mm are used in construction. Shipping started in H2 2019, and would continue until 2022. The construction will be finished in 2023.…
In 2019, Kuzbassrazrezugol mined 47 million tons of coal, including 6 million tons of coking coal. The annual output target was adjusted due to the worsening of the global coal market situation, and was reached. Excavation totaled 381.1 million cubic meters of rock, up by 6.3% YoY. 43.9 million tons of coal were sold, down…
Stalintex Trade has opened a warehouse complex in the city of Rostov-on-Don. The main task of the new warehouse is the development of sales in the Southern Federal District. The total area of the complex is 9 thousand square meters. Covered warehouses comprise 1800 square meters. The warehouse has road and railroad connection, as well…
In 2 years Severstal will spend more than 1 billion rubles to modernize the Cherepovets Iron and Steel Works automobile fleet. According to Severstal Russian Steel CEO Yevgeniy Vinogradov, in 2019, 64 units of automobiles were purchased. This year it is planned to buy 27 units. Special machines will provide for the operation of new…
In 2019 average wages in metal industry grew by 14% YoY, to 14,242 UAH. According to the State Statistics Service, in December 2019 salary increased by 5.8% MoM, after falling by 2.9% in November 2019. The salary growth began in spring 2019, when Metinvest and ArcelorMittal Kriviy Rih started increasing wages. Since February 2019 average…
