Information from anonymous sources of agencies Reuters and Bloomberg about Russian aluminum giant UC RUSAL is questionable, the company said on its Facebook page on April 27. “In connection with publication of reports about RUSAL by agencies Reuters and Bloomberg based on information received from anonymous sources of questionable quality, RUSAL’s press office states the…
AzerGold closed joint stock company intends to work out a strategic roadmap for integrated development of the mining industry in Azerbaijan, Zakir Ibrahimov, chairman of board of AzerGold CJSC, said. “We intend to work out a strategic roadmap that will reflect a number of key tasks to develop the mining industry in Azerbaijan, as well…
Oleg Deripaska plans to keep control over RUSAL even as the Russian aluminum giant battles for survival in the face of harsh U.S. sanctions, Bloomberg reported on April 26, citing people familiar with the matter. Deripaska was counting on lobbying by European governments to help ease the U.S. sanctions, said the people, who asked not…
Sinida-1, a part of Seligdar, has started the ore gold mining season. On April 25, after a winter break and modernization, the gold-extracting factory at the Nerundinskoye deposits (Buryatia) was put into operation. “We expect increase in gold extraction. We plan to reach 74% of extraction as opposed to 45% last year. This will be…
Izhstal has been included into the registry of suppliers approved by the Pipe Metallurgical Company. TMK has included Izhstal into its list following the audit of the Pipe Industry Research Institute. The audit has confirmed the Izhstal correspondence with the requirements of ISO 9001, supply agreements and legislation. “This allows us selling metal products to…
In 2017 Evraz Dneprovsky Iron and Steel Works received the net profit of 2.38 billion UAH as opposed to the net loss of 322.75 million UAH in 2016. Last year the company increased its net income by 56.6% YoY, to 15.78 billion UAH. In 2017 Evraz DMZ produced 174.54 thousand tons of pig iron, 495.68…
In 2017 Interpipe Nizhnedneprovsk Pipe-rolling Works received 313.4 million UAH of net profit as opposed to the net loss of 1.14 billion UAH in 2016. Last year the company increased net income 2.1-fold YoY, to 10.42 billion UAH. EBITDA reached 279.87 million UAH as opposed to the negative result of 1.31 billion UAH in 2016.…
In 2017 Ferrotrading LLC, specializing in the processing of secondary metals and alloys, decreased net profit by 34% YoY, to 8.287 million UAH. Net income grew 2.1-fold, to 214.252 million UAH. EBITDA fell to 8.404 million UAH from 12.563 million UAH in 2016. (Ukrainian metal)