In January-March, the British Trans Siberian Gold Plc, developing the Asachinskoye gold ore deposit in Kamchatka District, produced 11,857 ounces of chemically pure gold and 30,874 ounces of silver, up by 4.5% and by 46.1% YoY respectively. Dore alloy gold output grew by 52.4%, to 12,345 ounces, and silver – 2-fold, to 32,158 ounces. Gold…
In January-March, Nordgold gold output totaled 211.7 thousand ounces, down by 9% QoQ. Corrected EBITDA dropped by 2%, to $122.5 million. Net profit grew to $64.3 million as opposed to net loss in Q4 2018. (Ukrainian metal)
Zaporozhye Titanium and Magnesium Works has increased wages to its employees by 20% from May 1. According to the company statement, the increase was due to the effective operation of the enterprise. The increase in wages will result in the growth of taxes at the level of over 30 million UAH per year. Payments to…
Avdiivka Coke and Chemical Works, a part of Metinvest, and the administration of the town of Avdiivka (Donetsk region) have signed an agreement on social partnership. Financing of the social programs will total 18.1 million UAH. In 7 years of cooperation Metinvest has invested over 70 million UAH in Avdiivka development. The funds were spent…
The modernization projects of Azovstal, Zaporizhstal and Mariupol Ilyich Iron and Steel Works have made it to the top-20 best environment programs. The rating comprised local and foreign companies operating in Ukraine. Both completed and programs in progress were taken into account. The rating is topped by Azovstal, with its blast furnace No. 3 reconstruction…
In January-April, Ukraine mined 10.204 million tons of coal, down by 9.2% YoY. In particular, coking coal output dropped by 25.1%, to 1.618 million tons, while that of power-generating – by 5.4%, to 8.586 million tons. According to the Ministry of energy and coal industry, in April coal mining decreased by 14.9% YoY, to 2.439…
In January-March, Beloretsk Iron and Steel Works increased metal wares sales by 3% QoQ, to 109 thousand tons. According to the company statement, sales of ball bearing wire grew by 96%, galvanized wire – by 13%, and low-carbon wire for ferroconcrete structures – by 70%. The sales of nails and steel mesh went up by…
PJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of the German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three years. The joint work of the companies will be organized through the Siemens online store – Industry Mall. Through the…
