In January-March, Ferrexpo manufactured 2.054 million tons of iron ore products, up by 203% QoQ. Two to three of four pelletizing lines were used in manufacture. Pellets production grew by 189% QoQ, to 1.81 million tons. The group also produced 240.5 thousand tons of concentrate with iron content of 67%, up by 380%. Sales amounted…
In February, Ukraine exported 1.06 million tons of iron ore to the EU, down by 21.7% MoM and by 0.5% YoY. Revenue fell by 22.5% MoM, but grew by 12% YoY, to EUR 129.31 million. The main customers were Slovakia (479.5 thousand tons, +15% YoY), the Czech Republic (135.52 thousand tons, -50.1%), Poland (300.4 thousand…
On April 21, Russian invaders shelled a mine in Donetsk region, wounding three employees. “Repeated shelling occurred at night. Buildings were damaged,” the Ministry of Energy reported. Moreover, two mines were cut off grid due to strong wind. 25 miners remained underground, but were later brought safely to the surface. (Ukrainian metal)
In January-March, Metinvest paid 4.2 billion UAH of taxes, up 1.7-fold YoY. The subsoil use tax was the largest – 1.3 billion UAH, up 7.5-fold. The group has also increased payments of personal income tax – by 22%, to 791 million UAH. Moreover, Metinvest paid 870 million UAH of the sole social payment, up by…
The metal industry of Ukraine is gradually reviving with the launch of the alternative maritime corridor. In Q1, pig iron manufacture grew by 32.1% YoY, rolled metal – by 35.5% and steel – by 36.6% YoY. Exports increased by 61.8%, to 1.02 million tons. (Ukrainian metal)
In 2023, Ferrexpo paid $465 thousand of dividends. As the company shares are in GBP, dividends have also been paid in the British currency. Moreover, in 2023, the company paid $39.517 million on 2021 interim dividends ($0.066 per share), $38.679 million of final dividends for 2021 ($0.066) and $76.899 million of interim dividends for 2022…
Kumtor Gold Company CJSC will pay Kyrgyzaltyn OJSC $151.3 million in dividends, up by $11.3 million YoY. After Kumtor pays dividends to the state for last year, Kyrgyzstan’s total income from the gold mining company’s shares for 2022 and 2023 will be $291.3 million. This exceeds the amount of dividends received by the country from…
The Commission of the State Council on Energy warns of a heavy crisis in the coal industry of Russia. This year, it could sustain losses of up to 450 billion rubles, which would exceed its income for the previous two years. The crisis is due to the drop in coal prices, increase in logistics costs…