In 2018 three mining and processing works of the Metinvest Group received the consolidated net profit of 15.8 billion UAH. In particular, Ingulets Mining and Processing Works received 5.3 billion UAH of net profit, down by 11.9% YoY. Its net income grew by 19.1%, to 18.7 billion UAH. Severny GOK increased net profit by 5.4%,…
In 2018 Ceramet received 2.167 million UAH of net profit as opposed to the net loss of 48.265 million UAH in 2017. The company net income grew by 13.7%, to 1.092 billion UAH. This year Ceramet intends to increase scrap sales to 1 million tons, and shavings briquettes – to 50 thousand tons. Last year…
In January-March, Metinvest produced 1.941 million tons of steel, up by 6% YoY. In particular, Mariupol Ilyich Iron and Steel Works produced 154 thousand tons and Azovstal – 62 thousand tons. The increase is due to the absence of capital repairs of converters and the commissioning of the continuous casting machine. Pig iron output dropped…
Prices of precious metals decreased in Azerbaijan on May 2 compared to the prices of May 1. The price of gold dropped by 9.3585 manats, to 2,167.0155 manats per ounce. The price of silver fell by 0.3861 manats, to 24.9784 manats per ounce. The price of platinum went down by 34.6715 manats, to 1,471.7580 manats…
Leader of Green Party, Erkin Bulekbaev, was fined 3,000 soms for a rally against uranium mining. According to him, he does not agree with the decision of the Pervomaisky District Police Department and will appeal it in court. The leader of the party does not plan to pay the money, because he believes that according…
The Norilsk Nickel board of directors has recommended the shareholders meeting to set 2018 dividends at 792.52 rubles per ordinary share (some $12.25) and the record date as June 21. The company intends to spend 125.4 billion rubles ($1.939 billion) to pay dividends. Taking into account the interim dividends for H1 2018 ($1.8 billion), the…
The industrial company Kvartz, which is washing for alluvial gold in Zabaikalye region, intends to extract over 100 kg of gold this season. Last year the company yielded 141 kg of gold. This year the company will be operating at 5 sites. The work started on April 29. (Ukrainian metal)
Lenzoloto, which owns over 40 licenses to extract alluvial gold in Irkutsk region, in 2018 received 11.82 billion rubles of sales revenue, up by 9% YoY. The net revenue reached 8.13 billion rubles, up by 9%. Last year the company sold 4594 kg of gold, up from 4532 kg in 2017. The company net profit…
