In 2018 Poltava Mining and Processing Works increased net income by 10.3% YoY, to 22.472 billion UAH. Net profit grew by 22.8%, to 5.237 billion UAH. EBITDA went up by 0.7%, to 6.076 billion UAH. Undistributed profit totaled 6.537 billion UAH. (Ukrainian metal)
In 2018 Marganets Mining and Processing Works received 163.2 million UAH of net profit, down 5-fold YoY. EBITDA decreased 4.9-fold, to 203.387 million UAH. Last year MGOK received 3.109 billion UAH of net profit, down by 15%. Undistributed profit totaled 698.543 million UAH. (Ukrainian metal)
In January-March, Ukraine increased manganese ore imports by 50% QoQ, to 360 thousand tons. In particular, Ghana supplied 76% of the ore (275.6 thousand tons), Russia – 16%, or 56.8 thousand tons and Georgia – 8%, or 28.5 thousand tons. (Ukrainian metal)
In January-March, Metalloinvest decreased pig iron output by 13.9% QoQ and by 5.3% YoY. The decrease has to do with repairs of blast furnaces and the drop in the domestic consumption. Steel output fell by 10.5% QoQ and by 4.2% YoY, to 1.2 million tons. The share of high-added value products in sales totaled 45.6%…
In January-March, Rusal decreased aluminum manufacture by 0.3% YoY, to 928 thousand tons. Siberian plants accounted for 93% of the aluminum manufactured. Sales totaled 989.6 thousand tons, with high-added value products sales down by 22.2%, to 259 thousand tons. Average price decreased by 7.8% QoQ, to $1949 per ton. Aluminum foil and packaging production dropped…
Prices of precious metals increased in Azerbaijan on May 6 compared to the prices of May 3. The price of gold grew by 17.765 manats, to 2,179.9610 manats per ounce. The price of silver went up by 0.3893 manats, to 25.2557 manats per ounce. The price of platinum increased by 20.3405 manats, to 1,466.4030 manats…
President of Kyrgyzstan Sooronbai Jeenbekov promised that uranium would not be mined in Kyrgyzstan. He stated this at a meeting with the judges of the Constitutional Chamber. “We must transfer to the next generation a unified society, a law-governed state. We have to preserve clean, green nature. Taking this opportunity, I want to say that…
In January-March, the largest sellers of gold were Uzbekistan with 6.2 tons, Mongolia – 3.4 tons, and Tajikistan – 1 ton, according to the latest report by the World Gold Council. The leader in the purchases of gold was Russia. In the first quarter of this year, the Central Bank of the Russian Federation purchased…