Russia: IRC Ltd net loss up in H1 2019

The net loss of IRC Ltd, the iron ore division of Petropavlovsk Plc, which runs gold deposits in Russia, widened by 60% YoY, to $25.224 million, the company said in a statement. The loss adjusted for one-time expenditures and the exchange rate-related loss stood at $8.219 million. Revenue grew by 27%, to $89.244 million, and…

Ukraine: coal output down in January-July 2019

In January-July Ukraine extracted 17.87 million tons of coal, down by 6.6% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 8.9%, to 3.299 million tons, and power-generating coal – by 6.1%, to 14.57 million tons. In July coal output decreased by 4.4%, to 2.529 million tons. Enterprises subordinate…