Ukraine: Interpipe losing qualified personnel

Interpipe is noting the outflow of qualified personnel. According to the group CFO Denis Morozov, following the Interpipe TechFest in October the situation with technical personnel did not change. “There is an outflow, especially of the key qualified personnel. We are losing these jobs. There are fewer problems with less qualified personnel. But it is…

Russia: Krasnoyarsk Railroad metal transportation up in January-October 2019

In January-October Krasnoyarsk Railroad transported 189.7 thousand containers (TEU), up by 62.9% YoY. Domestic transportation totaled 36.6 thousand TEU, down by 5.1%, and export – 153.1 thousand TEU, up 2-fold. In particular, 13.4 thousand containers of non-ferrous metals and 4.5 thousand containers of ferrous scrap were transported, up by 39% and by 25.3% YoY respectively.…

Russia: Nordgold gold output up in Q3 2019

The gold output of the gold mining company Nordgold, controlled by the Russian businessman Alexei Mordashov, rose by 12% QoQ, to 288,900 ounces in July-September, the company said in a statement on November 13. The average price of gold sales increased by 12%, to $1,474 per ounce in the period. In January-September the company’s gold…