Russia: PMH revenue down in 2019

In 2019, Industrial and Metallurgical Holding (PMH) increased net profit by 372% YoY, to 6.1 billion rubles due to exchange rate differences. Revenue dropped by 3%, to 86.8 billion rubles, mostly because of the decrease of pig iron and coke products prices, as well as a fall in coal output. Gross profit decreased by 15%.…

Russia: Kuzbass coal output down in February 2020

In February, Kuzbass yielded 17.1 million tons of coal. 10.1 million tons accounted for pits (12.5 million tons in February 2019) and 7 million for mines (6.5 million tons). Coking coal accounted for 6.5 million tons (5.9 million tons) and power-generating coal – 10.6 million tons (13.1 million tons). Factories processed 10.3 million tons (9.9…