Fitch Ratings has improved Metalloinvest ratings to BB+ with stable outlook from BB positive. The move reflects the strong operational profile of the company with the strategic focus on high-added value products, competitive position, considerable liquidity, and increase of financial indexes, as well as takes into account of the company progress in improving corporate management.…
In April, Ukraine produced almost 2.5 million tons of coal, down by 2% from the target. This has been reported by the Coal Miners Union of Ukraine with a reference to the data provided by the Energy and Coal Industry Ministry. “In April, coal mining enterprises of Ukraine of all forms of ownership produced 2,466,500…
Energomashspetsstal has shipped a large hammer frame to Germany. The frame was shipped under the contract with LASCO Umformtechnik GmbH. The weight of the frame is 61 tons. This is the 17th hammer frame produced by EMSS for LASCO Umformtechnik GmbH. The next frame will be shipped in October. (Ukrainian metal)
In 2018 Susumanzoloto, extracting gold in Murmansk region, decreased net profit by 30.1% YoY, to 1.261 billion rubles. Revenue grew by 21.05%, to 16.217 billion rubles, including 16.075 billion from the sale of gold. The company sold 6072.9 kg of gold last year as opposed to 5415 kg in 2017. (Ukrainian metal)
All the Electrozinc shops in Vladikavkaz have ceased operation activity, and all the machinery has been shut down. On October 21, 2018, Electrozinc suffered from fire on the territory of 4.5 thousand square meters. One fireman perished and two were injured. On December 14, 2018 the company announced it would be completely shut down. (Ukrainian…
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)
