Russia: Urtuysky pit coal output up in H1 2019

In January-June Urtuysky Coal Pit increased output by 35.4% YoY, to 1.646 million tons.

This year it was decided to increase target output by 10%, to 3.5 million tons.

Last year 3.028 million tons of coal were mined.

Urtuyskoye deposit reserves amount to 129.4 million tons of coal. (Ukrainian metal)

Russia: management replaced at Permmetal

Andrey Chernyshov, CEO of a major metal center Permmetal, has left the company. Now the company will be managed via Regionbiznesproekt from Moscow. Permmetal has separate divisions in the cities of Yekaterinburg and Chelyabinsk as well as controls a subsidiary Service Trade LLC in Moscow. In 2018 the company received revenue of 7.8 billion rubles…

Russia: metal output up in H1 2019

According to the Federal Service of State Statistics, in January-June Russia produced 25.6 million tons of pig iron, down by 1.4% YoY. In June output dropped by 3.7% MoM and by 3.1% YoY. Rolled metal manufacture in 6 months grew by 0.2%, to 30.8 million tons. In June output decreased by 3.7% MoM, but increased…

Ukraine: EMSS wins SAIL tender

SAIL has ordered Energomashspetsstal the delivery of over 1 thousand tons of rolls. The agreement was concluded after a tender held in July. EMSS rolls will be used at the new Rourkela Steel Plant hot-rolling mill-2250. According to the agreement, EMSS will supply 25 supporting rolls with the total weight of 1191 tons in Q2…

Russia: TMK revenue up in Q2 2019

In April-June TMK increased revenue by 4% QoQ, to $1307 million.

EBITDA grew by 11%, to $195 million.

Net debt as of June 30 totaled $2641 million.

In H1 revenue decreased by 2% YoY.

EBITDA went up by 4%, to $370 million.

In particular, Russian division EBITDA increased by 18%. (Ukrainian metal)

Russia: Mechel profit up in H1 2019

In January-June Mechel profit accountable for shareholders grew 2.7-fold, to 12.75 billion rubles. Consolidated revenue dropped by 2%, to 153.3 billion rubles. EBITDA decreased by 27%, to 30.35 billion rubles. In Q2 profit fell by 88% QoQ, to 1.4 billion rubles, revenue increased by 5%, to 78.5 billion rubles, but EBITDA dropped by 2%, to…

Russia: gold output up in July 2019

Russian gold production rose by 12.9% YoY and by 10.6% MoM in July, the Federal State Statistics Service said in a report.

In January-July gold production grew by 21.5% YoY.

No absolute figures were disclosed. (Prime/Ukrainian metal)