In January-March, Vysochaishiy received 917.7 million rubles of net loss as opposed to a net profit of 610.2 million rubles in Q1 2019. Revenue grew by 64.9%, to 4.7 billion rubles, and sales profit – 4-fold, to 1.4 billion rubles. The company debt totaled 3.5 billion rubles. In January-March, Vysochaishiy produced 1010.7 kg of gold,…
The authorities of the Russia-controlled Lugansk People’s Republic, a terrorist organization created by Russia, intend to “reorganize” coal industry, by shutting down a number of mines. In late April, dozens of Nikanor-Novaya miners refused to return to the surface. The main reasons of the strike were the multi-million salary debts and the decision of the…
In April, Kazakhstan produced 236.914 thousand tons of steel, down by 39.2% YoY. In 4 months, steel output dropped by 20.4%, to 1.206 million tons. According to the Ministry of the National Economy, flat rolled metal output in April increased by 0.7%, to 212,524 tons, and in January-April – by 22.8%, to 739,127 tons. Ferroalloy…
In January-April, Khabarovsk region extracted 5.9 thousand kg of gold, up by 11.8% YoY. Large companies were able to minimize the negative effect of the pandemics by adjusting their operation. At present 25 companies are operating in the region: 6 of them are mining for ore gold, will 16 are operating at alluvial sites. In…
Poltava Mining and Processing Works will invest $34 million in the construction of a covered warehouse for iron ore concentrate. The company has already finished earth and foundation works and has almost completed the assembly of metal structures and equipment. The construction presupposes the use of 7.5 thousand tons of metal structures. The warehouse will…
Early on May 13, because of the high wind a hanging stage broke off in the converter shop of Azovstal. One employee died as a result of the fall, while another damaged his legs. The perished employee was born in 1974 and lived in Mariupol. (Ukrainian metal)
In January-March, Metinvest Zaporozhye plants – Zaporizhstal, Zaporozhogneupor, Zaporozhkoks and Zaporozhye Foundry-Mechanical Works – paid over 700 million UAH of taxes to the budgets of all levels. In particular, Zaporozhye city and regional budgets received some 202 million UAH, down by 0.9% YoY. Earlier, the Metinvest Group waved tax holidays, provided by the state due…
ArcelorMittal Kriviy Rih has suspended operation of the blooming shop site No. 1. Under the strategy of sustainable development, the company is waving outdated techniques. The blooming-1 started operating in 1958. Some years later the site No. 2 was commissioned. In 2015, both sites were merged into one shop. So far the shop has produced…
