In July because of the 8-days long furnace repair, Kosaya Gora Iron and Steel Works produced 4.5 thousand tons of ferromanganese, down by 33% MoM and by 16% YoY. In late April due to the considerable increase of iron ore price and difficult negotiations with suppliers the works stopped producing pig iron and switched its…
NGK Resource is finishing the construction of the first stage of the mining and processing works at the Polyanka deposits in Khabarovsk region. So far the quarry has been prepared, and the crushing and sorting shop is being assembled. The company intends to get the first gold ingot by October 20 and some 300-350 kg…
In January-July Chukotka Autonomous District yielded 13.49 tons of gold, down by 7% YoY. 12.57 tons accounted for ore gold, with alluvial gold at 930 kg, down by 7% and by 15% respectively. Silver output decreased by 15%, to 64.44 tons. (Ukrainian metal)
Kamensk-Uralsky Iron and Steel Works has received a bankruptcy action for the debt of 753.6 thousand rubles. The claimant is a Moscow company TD Trackt. The Sverdlovsk arbitrary court is entertaining another action against KUMZ for the debt of 782.3 thousand rubles. (Ukrainian metal)
In January-June Priisk Dambuki, extracting alluvial gold in Amur region, received 83 thousand rubles of net profit, down almost 24-fold YoY (1.9 million rubles). The company revenue decreased 4-fold, to 23.5 million rubles. Gross profit fell 2-fold, to 17.9 million rubles. EBITDA increased 1.3-fold, to 339 thousand rubles. As of late June, the company accounts…
In 2018 the fleet of the underground machinery of the Kholvinsky mine will get new units. Investments in the purchase total 295 million rubles. So far the mine has received two underground Sandvik TH430 dump trucks, a Sandvik LH410 loading machine, and a Charmec MF605 pump truck. By the end of the year a Sandvik…
The company Vostoc has started developing alluvial gold deposits in Anadyr district. The resident of the Beringovsky territory of advanced development has invested 21 million rubes in the purchase of a tractor with bulldozer equipment, a dump truck and a fork-lifter. The machines will be used in developing the deposits, the reserves of which are…
The net profit of the Russian metals giant Norilsk Nickel soared by 80% YoY, to $1.653 billion in January-June, as calculated under International Financial Reporting Standards (IFRS). Revenue increased by 37%, to $5.834 billion, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 77%, to $3.079 billion. Net working capital fell by 20%,…