Russia: Orsu Metals not to buy Aleksandrovskiy GOK

The British Orsu Metals, developing the Sergeyevskiy gold ore deposit in Zabaikalskiy region, has backed out of buying the Rudnik Aleksandrovskiy, which develops a deposit with the same name in the region. The companies earlier had a deal to sell the Aleksandrovskiy Mining and Processing Works. Moreover, the Sergeyevskoye ore was even processed at the…

Ukraine: Interpipe NTZ net income down in 2020

In 2020, Interpipe NTZ decreased its consolidated net income by 35.2% YoY, to 9.471 billion UAH. Consolidated net profit dropped 155.5-fold, to 3.562 billion UAH. Undistributed profit amounted to 3.8 billion UAH. Last year, the company produced 94.136 thousand tons of seamless steel hot-deformed pipes, 171.51 thousand tons of solid railroad wheels and 30.628 thousand…