Ukraine: ZAlK losses down in 2020

In 2020, Zaporozhye Aluminum Combine decreased net losses by 25.6% YoY, to 49.68 million UAH. In 2018, the company received a net loss of 9.7 million UAH and in 2017 – 279.48 million UAH. As of the end of 2020, the uncovered loss amounted to 7.14 billion UAH. ZAlK was the only manufacturer of primary…

Russia: Buryatzoloto to sell mine

Buryatzoloto, a part of Nordgold, has signed an agreement to sell its Zun-Kholba LLC mine to Chesio Limited. In 2020, the mine yielded 7.3 thousand ounces (0.3 tons) of gold. The mine has been operating for 35 years (since 1986) and now its reserves are much depleted. Buryatzoloto also owns the Irokinda mine employing over…

Ukraine: Stepnoy-2 dump construction not to affect citizens and ecological system

The Court of Appeal considered the appeal against the decision of the Dnipropetrovsk District Administrative Court, which had previously confirmed validity of EIA, issued by the Ministry of Environmental Protection and Natural Resources of Ukraine for the construction of a new dump in Kryvyi Rih, and made a conclusion that land plots on which the…

Ukraine: scrap procurement down in March 2021

In March, Ukraine procured 291.9 thousand tons of scrap, down by 9.1% MoM. Scrap deliveries to metal companies dropped by 12.1%, to 259.1 thousand tons. In Q1, scrap procurement grew by 28.2%, to 931.1 thousand tons, and deliveries to metal companies – by 23.1%, to 837.7 thousand tons. Export went up 4.3-fold, to 49.1 thousand…