Azerbaijan: gold and silver output down in January-April 2017

In January-April Azerbaijan produced 372.1 kg of gold, down by 37.7% YoY.

According to the State Statistics Committee, as of May 1 gold stocks reached 3.4 kg.

Azerbaijan also produced 109.7 kg of silver, down by 5.7% YoY. As of May 1 silver stocks were 15.9 kg. (Ukrainian metal)

Russia: Amur region yields 6 tons of gold

Gold mining companies of Amur region obtained 6.182 tons of gold in January-April. Ore gold constituted the main share. Only Priisk Solovievsky has started obtaining alluvial gold. “We see a positive dynamics this year. Gold output has increased by 1.2 tons YoY. The growth has been provided by Petropavlovsk state enterprise mines Pokrovsky, Pioneer, Malomyr…

Ukraine: anthracite exports licensing resumed

Ukraine’s Cabinet of Ministers decided to resume licensing of anthracite exports in 2017 in consultation with Ukraine’s Energy and Coal Industry Ministry to overcome crisis in the energy sector linked to termination of anthracite supplies from Ukrainian government uncontrolled territories of Donbas. “The resolution is intended to provide for a balance on domestic market, prevent…

Ukraine: American delegation on coal deliveries to arrive in a week

An American working group on the issue of coal deliveries will arrive in Ukraine.

“On May 23 the American group will come”, the minister of energy and coal industry Igor Nasalik declared.

At the same time he noted that Ukraine would not be using anthracite coal in May and June. (Ukrainian metal)

Russia: TMK profits up in Q1 2017

In January-March TMK received $42 million of net profits, up 3-fold YoY.

According to the company statement, its earnings went up by 24%, to $944 million. EBITDA grew by 15%, to $142 million.

The company net debt as of March 31, was $2.64 billion. (Ukrainian metal)

Russia: Kuzbass coking coal mining stabilizes

In January-April coal companies of Kemerovo region mined 77.3 million tons of coal, up by 8% YoY.

According to the regional state administration, power-generating coal output totaled 56.7 million tons, up by 10.5%, and coking coal output remained on the 2016 level (20.6 million tons). (Ukrainian metal)

Russia: Mikhailovsky GOK receives bulldozer from Chetra

A new Chetra T-40 bulldozer, produced by Chetra-Industrial Machines, has been supplied to Mikhailovsky Mining and Processing Works.

This is an exclusive bulldozer, as the company has only produced 37 of them. And they are already operating in Japan, Kazakhstan, Kemerovo region, etc. (Ukrainian metal)

Russia: UEM net profits down in Q1 2017

In January-March Uralelectromed, a part of UMMC, decreased net profits 7.7-fold YoY, to 103.28 million rubles. The company earnings increased by 10.9%, to 6.835 billion rubles, with the manufacturing cost price up by 26.3%, to 5.479 billion rubles. The main foreign customers of UEM are Germany, Switzerland and Iran. The company share on the Russian…

Russia: MMK rolled metal sales up in Q1 2017

In January-March Magnitogorsk Iron and Steel Works increased sales of cold-rolled metal by 49% YoY, to 11.9 billion rubles. According to the company statement, bars sales went up by 52%, to 12 billion rubles. The increase in both cases was due to the rise of average prices – by 46% and by 45% respectively. Galvanized…

Russia: Amurmetal earnings down in Q1 2017

In January-March Amurmetal received 897.855 million rubles of net losses, down by 17.1% YoY.

According to the company report, earnings dropped 12.6-fold, to 133.684 million rubles.

In Q1 Amurmetal decreased steel output 6.5-fold YoY, to 13.57 thousand tons, and rolled metal – 8.8-fold, to 2.4 thousand tons. (Ukrainian metal)