Russia: VSMPO-Avisma revenue up in 2019

In 2019, VSMPO-Avisma increased revenue from 89069 million rubles to 90128 million rubles, or by 1.2% YoY. Sales profit dropped by 25%, to 23807 million rubles. Net profit grew by 23.8%, to 23264 million rubles. EBITDA increased by 6339 million rubles, to 34494 million rubles. The corporation paid 7900 million rubles of taxes last year.…

Russia: MMK shipments to domestic market up in 2019

In 2019, MMK Group’s shipments to the Russian market, including MMK-Lysva Metallurgical Plant, amounted to more than 8.3 million tons of metal products, up by 8% YoY. Denis Chernenko, Head of MMK’s Marketing Department spoke about this at the 13th Russian Conference “Regional Metal Trade of Russia” in Sochi. Shipments of hot-rolled steel accounted for…

Azerbaijan: coronavirus threat not affecting gold price

Threat of coronavirus does not affect price of gold in Azerbaijan According to forecasts and researches of international financial institutions, prices of precious metals in Azerbaijan remain stable amid rising prices in the world associated with the threat of coronavirus, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov has said at a company’s…

EAEU: Armenia leading in mining growth

Among the EAEU members Armenia is leading by the growth in mining industry and the industrial sector. In 2019 the industry grew by 9%, and the mining sphere – by 23.9%. Kyrgyzstan demonstrated the industry growth of 6.9% and mining – 11.8%. It is followed by Kazakhstan (3.8% and 3.7% respectively), Russia (2.4% and 3.1%)…