Russia: BrAZ profit down in H1 2018

In January-June Rusal Bratsk Aluminum Works decreased net profit 1.4-fold YoY, to 1.062 billion rubles.

According to the company statement, the revenue dropped by 0.1%, to 47.149 billion rubles.

The company does not comment on the reason of the decrease. (Ukrainian metal)

Russia: Amurstal sales up in July 2018

In July Amurstal (ex-Amurmetal) shipped 61 thousand tons of metal, up 6-fold YoY.

In January-July sales increased 9.4-fold YoY, to 288.3 thousand tons.

This year the company has supplied 95.2 thousand tons of metal to domestic customers and exported 193 thousand tons. (Ukrainian metal)

Russia: scrap deliveries to Amurstal up in July 2018

In July railroad deliveries of scrap to Amurstal (ex-Amurmetal) totaled 68.2 thousand tons.

The deliveries grew 30-fold YoY.

In January-July scrap deliveries to the company increased almost 6-fold YoY, to 292 thousand tons. (Ukrainian metal)

Russia: GV Gold IFRS net profit down in H1 2018

The net profit of Russia’s gold producer GV Gold fell by 9.5% YoY, to $19 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue soared by 70%, to $146 million. Operating profit grew by 52%, to $43 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by…

Russia: Amur Zoloto extracts 790 kg of gold

In January-July Amur Zoloto LLC, extracting gold on the territory of Khabarovsk region, produced 789.5 kg of gold. In particular, the Yubileyniy GOK at the Krasivoye deposits produced 44.4 thousand tons of ore gold, with Yubileynaya factory processing 59.3 thousand tons of ore and producing 538.6 kg of gold and 333.9 kg of silver. Perevalnaya…

Russia: Krasniy Octyabr to assemble boiler houses

The Volgograd-based Krasniy Octyabr is carrying out the program of technical revamping.

The next step is the assembly of boiler houses.

So far subcontractors have prepared foundation for 4 mini-boiler houses. The foundation for 2 more is under construction.

Viessmann Group will supply the machinery. (Ukrainian metal)