In 2017 Nikopol Ferroalloy Plant received 2.67 billion UAH of net profit as opposed to 727.46 million UAH of net losses. Net income grew by 68.4% YoY, to 18.88 billion UAH. EBITDA reached 3.27 billion UAH, as opposed to the debt of 837.67 million UAH in 2016. The undistributed profit totaled 2.34 billion UAH. Last…
Zaporizhstal has completed the project on environmental reconstruction of its sintering factory. The cost of the project is some $80 million. The modernization was carried out in stages: since 2012 the company has been commissioning one new gas-purifying unit each year. Such terms have to do with the fact, that the manufacturing process was not…
Hugues Mingarelli, Head of the European Union Mission to Ukraine, visited PJSC ArcelorMittal Kriviy Rih. This is his first visit to Kriviy Rih and to the biggest mining and steelmaking plant of Ukraine. Along with the delegation Mingarelli held a meeting with the management of the plant, where numerous important issues were discussed, such as…
Volnogorsk Mining and Processing Works has ordered Lormex LLC the delivery of wooden pallets valued at 4.34 million UAH. At first the company ordered 15.5 thousand fir pallets. But later, because of the price increase on the market, the cost went up by 30%. The total amount decreased to 4.02 million UAH, with the pallets…
Nibulon non-self-propelled NBL-002 vessel transported the first batch of Ukrainian metal from Kamianske (Dnipropetrovsk region) to Yuzhnyi Port on April 21. Nibulon continues implementing its large-scale investment project aimed at increasing the volume of goods transported by river up to 4 million tons per year. The company plans to achieve this figure within the next…
Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The deadline for the implementation of the agreement with Centerra expired on April…
Centerra Gold Inc. called the news release issued by Chaarat Gold Holdings Limited on acquisition of Kumtor mine “market speculation”. Official comment of the company says. In March Centerra received an unsolicited, non-binding proposal from Chaarat concerning Kumtor mine located in the Kyrgyz Republic. Centerra promptly communicated to Chaarat’s advisers that it had no interest…
The prices of gold, silver and platinum increased, while the prices of palladium decreased in Azerbaijan on April 25, according to the data published by the Central Bank. The cost of gold increased by 1.3515 manats, to 2256.6905 manats per troy ounce compared to the price on April 24. The cost of silver increased by…