In January-June, Interpipe NTZ increased net profit by 54.1% YoY, to 163.58 million UAH. Net income dropped by 23.3%, to 4.18 billion UAH. Undistributed profit amounted to 4.32 billion UAH. In Q1, the company received a net profit of 11.3 million UAH as opposed to a net loss of 255.88 million UAH in Q1 2020.…
Nika LLC has become a resident of the Arctic Zone of Russia with a project to develop an alluvial gold deposit at the Srednyaya Orlovka River in Chukotka. The company received a license in 2019. The deposit C1 reserves amount to 75 kg of gold. The cost of the investment project is 34.5 million rubles.…
In January-June, Central Mining and Processing Works decreased pellets output by 3.3% YoY, to 1.12 million tons. In June, output totaled 200 thousand tons. CGOK decreased iron ore concentrate manufacture by 4.7%, to 2.27 million tons, with 400 thousand tons produced in June. (Ukrainian metal)
