Russia: MMK net profits up in H1 2017

In January-June Magnitogorsk Iron and Steel Works increased its net profits by 35.8% YoY, to 32.287 billion rubles ($538 million). According to the company statement, its earnings totaled 185.308 billion rubles ($3.088 billion), up by 17.5% YoY. Gross profit increased by 7.5%, to 48.863 billion rubles ($814 million), EBITDA – by 23.8%, to 40.016 billion…

Russia: Khabarovsk region yields 9 tons of gold in H1 2017

In January-June Khabarovsk region enterprises obtained 9170.4 kg of gold, up by 14.1% YoY.

Alluvial gold companies showed the increase in output of 8.6% YoY, to 1517 kg, while miners yielded 7653.4 kg, up by 15.3%.

Silver output totaled 27509.5 kg against 19260.4 kg in H1 2016. (Ukrainian metal)

Ukraine: pellets exports in January-May 2017

In January-May Poltava Mining and Processing Works exported 3.663 million tons of iron ore pellets. At the same time Karelsky Okatysh exported 2.165 million tons, Mikhailovsky GOK – 1.502 million tons, Lebedinsky GOK (all three Russia) – 1.153 million tons, and Central GOK – 784.1 thousand tons. In 5 months PGOK produced 4.234 million tons…

Russia: Chukotka gold output down in H1 2017

Gold production on Russia’s Chukotka peninsula decreased by 14.34% YoY, to 11.795 tons, in January-June, a spokesperson for the regional industry policy, construction, and housing and utilities department reported on July 11. Silver production in the area fell by 21.71%, to 64.709 tons. Chukotka Mining and Geological Company, a unit of Kinross Gold, produced 4.775…

Ukraine: Kiev research works Ugol owner changed

In June the public joint stock company “Kiev research works Ugol” changed hands. Revenco Limited (Cyprus) and an individual sold 42% and 37% of the works shares to a number of legal entities, among which is Andilero Holdings Ltd (Cyprus) and Vtorpolymery LLC (Kiev). Ugol, despite its name (which means coal) has been away from…

Russia: pig iron exports down in May 2017

In May, according to the customs statistics, Russia exported 391.7 thousand tons of pig iron, up 3-fold MoM, but down by 12% YoY.

In January-May pig iron exports totaled 1.71 million tons, down by 15% YoY.

USA imported 62% of all pig iron, with Spain exporting 10% and Turkey 9%. (Ukrainian metal)

Ukraine: ZZF SB chairman replaced

The supervisory board of Zaporozhye Ferro Alloys Plant has elected Maxim Dunych the chairman instead of Alexei Androschuk.

The decision was taken at the board meeting on July 10.

Kirill Ignatyuk has been appointed the board secretary. (Ukrainian metal)

Russia: UMMC revenue up in 2016

In 2016 Ural Mining and Metallurgical Company received $5.3 billion of consolidated revenue, up by 17% YoY.

The group EBITDA reached $1.2 billion.

Non-ferrous metals accounted for 51% of the revenue, coal – 20%, precious metals – 9%. Exports share was 48%. (Ukrainian metal)

Russia: Niman gets 98 kg of gold

So far this year the Niman artel LLC has obtained 98 kg of gold, up by 6 kg YoY.

Niman washes for alluvial gold in the Verkhebureinsky district of Khabarovsk krai. The industrial season started in early May. In the first month of operation the company washed 20 kg of gold. (Ukrainian metal)

Russia: Severstal to supply hot-rolled sheet for drilling rigs manufacture

Severstal will supply 1300 tons of hot-rolled sheet of various grades to Uralmash NGO Holding LLC to produce drilling rigs.

The sheets will be delivered by Severstal Distribution directly from Cherepovets Iron and Steel Works. (Ukrainian metal)