Ukraine: VostGOK uranium licenses prolonged

The State Service of Geology and Subsoil Use has prolonged the Vostochniy Mining and Processing Works licenses for subsoil use. “It took my numerous reminders and a miners march to Kiev for the geology commission to gather and prolong the license to mine uranium ore for VostGOK”, the ecology minister Ostap Semerak said. VostGOK is…

Russia: Rusal earnings up in H1 2017

In January-June Rusal increased earnings by 22.3% YoY, to $4.674 billion, mostly because of the LME aluminum price increase and the company sales growth by 3.8%. Earnings in Q2 went up by 7.4% QoQ, to $2,467 billion. The share of the high added value products increased to 49.2% from 44.3%. Corrected EBITDA in Q2 grew…