Ukraine: Azovstal profits in 2018

In 2018 Azovstal received 3.57 billion UAH of net profit as opposed to 130.947 million UAH of net loss in 2017.

EBITDA totaled 4.372 billion UAH.

Net income grew by 18.8%, to 81.96 billion UAH.

Undistributed profit reached 9.72 billion UAH. (Ukrainian metal)

Ukraine: scrap exports down in January-April 2019

In January-April, Ukraine decreased scrap exports 7.6-fold YoY, to 28.429 thousand tons. According to the State Fiscal Service, in monetary terms exports dropped 9.6-fold, to $7.655 million. In April Ukraine exported 8.791 thousand tons of scrap, in March – 8.246 thousand tons, in February – 8.252 thousand tons and in January – 3.14 thousand tons.…

Russia: ChTPZ decreases statutory fund

Chelyabinsk Pipe-Rolling Works has purchased a part of its own shares in order to decrease its statutory fund. The price of the buyback was 114.42 rubles per share. The total number of shares reached 166,666,132. The company has to pay for the shares not later than on May 21. The seller was Pervouralsky Pipe Works,…

Ukraine: ferrous metals export revenue down in January-April 2019

In January-April, Ukraine received $3.18 billion from the exports of ferrous metals, down by 8.8% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.44% of the total exports as opposed to 22.57% last year. In April revenue from the exports of ferrous metals totaled $764.49 million. In 4 months Ukraine decreased ferrous…

Belarus: BMZ borrows from Russian bank

Belarus Iron and Steel Works has borrowed 5 million euro and $8 million from Novikombank, Russia.

The funds are provided to purchase raw materials among other things.

The parties have been cooperating since 2012. (Ukrainian metal)

Russia: Polyus Aldan produces 2 tons of gold

As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year.

The company is able to extract 70% of gold from ore with low gold content.

This year Polyus Aldan will turn 95. (Ukrainian metal)

Ukraine: Kremenchug Metal Wares Works profits in 2018

In 2018 Kremenchug Metal Wares Works received net profit of 417 thousand UAH as opposed to net loss of 14 thousand UAH in 2017.

The company net income grew by 10%, to 27.207 million UAH.

Undistributed profit totaled 4.257 million UAH. (Ukrainian metal)

Russia: Mangazeya Mining gold output up in 2018

Mangazeya Mining Ltd, mining gold in Zabaikalye region, in 2018 increased output by 13.9% YoY, to 27.7 thousand ounces. In particular, output at the Savkinskoye deposit dropped by 19.1%, to 19.7 thousand ounces. Operation at the Kochkovskoye deposit started in April 2018. Since then 6.56 thousand ounces of ore gold and 1.44 thousand ounces of…