Russia: SUEK coal output up in Q1 2018

In January-March Siberian Coal Energy Company mined 28.6 million tons of coal, up by 1% YoY. Sales in Q1 grew by 10%, to 31.7 million tons, including non-coal goods. Exports reached 14.2 million tons, up by 10%. The main customers were China, South Korea, Japan, Taiwan, the Netherlands, Poland, Spain, Turkey and Germany. Growth of…

Ukraine: Komsomolskoye Mine Group sees losses in 2017

In 2017 Komsomolskoye Mine Group, situated in Ukraine-uncontrolled territory, received 370.17 million UAH of net loss as opposed to 20.93 million of net profit in 2016.

The company net income fell 11.9-fold, to 30.356 million UAH.

Undistributed profit totaled 243.284 million UAH.

Last year the company produced 37.584 thousand tons of limestone. (Ukrainian metal)

Ukraine: accident at AMKR newly repaired blast furnace

While commissioning the newly repaired largest blast furnace No. 9 at ArcelorMittal Kriviy Rih, molten pig iron was spilled. The blast furnace has been in repairs since February. But while commissioning “an uncontrolled slopping of liquid pig iron occurred accompanied by a loud sound”. “The situation is under control. The blast furnace No. 9 has…

Russia: Drazhnik wins gold site auction

Following the auction Drazhnik LLC has received the right to develop the alluvial gold site. The Koro-Samyr site was sold to the company for 62.634 million rubles. 2 more companies participated in the auction. Since 2001 the company has been prospecting at the site. Koro-Samyr C1 balance reserves amount to 353.4 kg of gold, while…

CIS: steel output down in March 2018

In March Russia produced 5.7 million tons of steel, down by 10% YoY (5.15 million tons in February). In January-March steel output dropped by 6.7%, to 16.55 million tons. Ukraine increased steel output by 4.7% YoY, to 1.711 million tons (1.608 million tons), with 5.225 million tons produced in Q1, down by 2.8% YoY. In…

Russia: Susumanzoloto net profit down in 2017

In 2017 Susumanzoloto received 1.8 billion rubles of net profit, down by 18% YoY. The company revenue grew by 31%, to 13.39 billion rubles. Gold sales revenue totaled 13.27 billion rubles, also up by 31%. Last year the company acquired three enterprises – Nedra LLC for 71.5 million rubles, Sever LLC for 705 million rubles…

Russia: Olkon finishes drying season

Olkon, a part of Severstal, has finished the drying season, which has lasted for half a year. The drying complex has been operating in a stable mode. In the 2017-2018 season the technological and qualitative indexes of the iron ore concentrate corresponded to the standards, including by moisture content. The average capacity of the drying…

CIS: pig iron output down in March 2018

In March Russia produced 4.3 million tons of pig iron, down by 5.5% YoY (3.885 million tons in February). In January-March pig iron output dropped by 3.4% YoY, to 12.485 million tons. Ukraine increased pig iron production by 7.6% YoY, to 1.678 million tons (1.632 million tons), with 5.247 million tons produced in 3 months,…

Russia: Amur region gold output down in Q1 2018

In January-March Amur region yielded 4.24 tons of gold, down by 9.3% YoY.

Petropavlovsk mines provided for the main part of the output – 1.4 tons at Pokrovsk, 1.12 tons at Albynsk, and 0.87 tons at Malomyr.

Gold mining in Amur region in 2017 grew by 15.6% YoY, to 25.77 tons. (Ukrainian metal)