Ukraine: anthracite consumption to fall

In 2017 Ukrainian energy sphere will consume some 7 million tons of anthracite coal as opposed to 10.5 million tons in 2016. “The difference of 3.5 million tons is covered by gas-generating coal”, the minister of energy and coal industry Igor Nasalik said. At present there is a surplus of gas coal. “The warehouses stock…

Russia: Buryatzoloto earnings down in Q1 2017

In January-March Buryatzoloto, a part of Nordgold, sold 1.1 billion rubles worth of gold, down from 2.4 billion rubles in Q1 2016. The company received 734 million rubles of net losses against 147 million rubles of net income last year. According to the company statement, the decrease is connected with the fall in key output.…

Russia: SteelAsia to buy metal

SteelAsia Manufacturing Corp. (the Philippines) has concluded an agreement with two Russian companies aiming at long-term cooperation with them. Under the $250 million contract Evraz will annually supply 50 thousand tons of billets to SteelAsia works in Davao City and in the Bulakan province. In Q1 the group purchased 240 thousand tons of Russian billets…