This year, Kamchatka intends to extract 135 kg of alluvial gold, up 3-fold YoY. 7 companies will operate at alluvial sites: the Vector Plus Mining Team LLC, Taigonos Group of Companies LLC, Aurum LLC, Vostoc LLC, RBK-Gold LLC, Kamchatnedra LLC and Dalstroy LLC. The same companies operated last year. The reason of the increase in…
Shareholders of the Yuzhniy Mining and Processing Works intend to spend a part of the net profit for 2019 in the amount of 8.434 billion UAH to pay dividends (5.3 UAH per ordinary share). The issue will be discussed at the extraordinary meeting scheduled for March 5. The shareholders will also determine the net profit…
In 2020, Ferrexpo increased premium pellets output with the iron content of over 67% to more than 300 thousand tons. Ferrexpo was the first company in Ukraine to start supplying premium or DR-pellets. All the premium pellets last year were shipped to the Ferrexpo plant in Texas, USA. Overall pellets output grew by 7%, to…
In 2020, Severniy Mining and Processing Works decreased iron ore pellets output by 32.6% YoY, to 5.28 million tons. Concentrate manufacture grew by 4%, to 12.74 million tons. In 2019, SevGOK decreased pellets output by 7.2%, to 7.849 million tons, while increasing that of concentrate by 14.9%, to 12.245 million tons. (Ukrainian metal)
In 2020, Central Mining and Processing Works decreased iron ore pellets output by 5.4% YoY, to 2.27 million tons. Iron ore concentrate manufacture grew by 10%, to 4.904 million tons. In 2019, CGOK increased pellets output by 4.3%, to 2.402 million tons, and concentrate by 0.5%, to 4.436 million tons. (Ukrainian metal)
The employees of Stakhanov Ferroalloy Plant, situated in the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, refused to ship products and unload raw materials. Last week saw a similar strike, but the employees believed the management that it would clear salary debts for October 2020. In the end, the workers…
In 2020, Kazakhstan increased refined copper export prices by 43% YoY. Output grew by 1%. Copper ore mining went up by 1.8%, to 121.9 million tons. The East Kazakhstan region yielded 52 million tons, Karaganda – 34.1 million tons and Pavlodar – 33.6 million tons. Kazakhmys exceeded its ore output plan by 0.8%, to 29.4…
In 2020, Metinvest increased its net profit by 54% YoY, to $526 million. Revenue decreased by 3%, to $10.453 billion, while EBIDTA grew by 82%, to $2.204 billion. Debts fell by 3%, to $2.938 billion, with net debt down by 23%, to $2.111 billion. Capital investments went down by 37%, to $663 million. (Ukrainian metal)