Ukraine: CGOK profit down in 2018

In 2018 the Central Mining and Processing Works received 2.254 billion UAH of net profit, down by 16.8% YoY.

Net income grew by 5.7%, to 11.338 billion UAH.

Undistributed profit as of late 2018 totaled 5.788 billion UAH.

EBITDA decreased by 22.3%, to 2.568 billion UAH. (Ukrainian metal)

Ukraine: Ceramet profits in 2018

In 2018 Ceramet received 2.167 million UAH of net profit as opposed to the net loss of 48.265 million UAH in 2017. The company net income grew by 13.7%, to 1.092 billion UAH. This year Ceramet intends to increase scrap sales to 1 million tons, and shavings briquettes – to 50 thousand tons. Last year…

Russia: Kvartz to wash 100 kg of gold in 2019

The industrial company Kvartz, which is washing for alluvial gold in Zabaikalye region, intends to extract over 100 kg of gold this season.

Last year the company yielded 141 kg of gold.

This year the company will be operating at 5 sites.

The work started on April 29. (Ukrainian metal)

Kyrgyzstan: MPs propose indefinite moratorium on uranium mining

Members of the Parliament of Kyrgyzstan propose to introduce an indefinite moratorium on uranium mining, leader of Ata Meken faction Almambet Shykmamatov reported. According to him, Altynbek Sulaimanov, head of Bir Bol faction, and Kanat Kerezbekov, Chairman of the Committee on Constitutional Legislation, State Structure, Judicial, Legal Issues and Regulations of the Parliament, signed the…

Russia: SUBR bauxite output down in Q1 2019

In January-March, Severouralsk Bauxite Mine, a part of Rusal, decreased output by 15.3% QoQ, to 529 thousand tons of bauxites. In Q4 2018 the output was 625 thousand tons, and in Q1 2018 – 555 thousand tons. Another Rusal asset – Uralskaya Folga – increased manufacture by 31% QoQ, to 5.5 thousand tons of aluminum…

Russia: VSMPO-Avisma net profit up in 2018

In 2018 VSMPO-Avisma net profit grew by 11.3%, to $244.5 million. EBITDA increased by 10.9%, to $650.2 million, and revenue – by 7.3%, to $1.617 billion. Sales revenue dropped by 3.1%, to $926.5 million. The corporation fixed liabilities increased by 2.5%, and as of December 31, 2018 totaled $1.719 billion, while current liabilities grew by…

Russia: Sibcable sets historic record of copper processing in March 2019

In March, Sibcable processed 1516 tons of copper, which became its historical record.

On average the plant processes 1.1-1.2 thousand tons of copper per month.

In March 2018 the result was 1423 tons. (Ukrainian metal)