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Fitch Ratings has improved the long-term ratings of Polyus from BB- to BB with stable outlook. The improvement reflects strong operational results of Polyus, the decrease of the debt level and improved possibilities to generate money flow. The company has also noted Polyus output level and the resource base. (Ukrainian metal)
DetailsRussian Platinum has summed up its results for January-November. Yubileiniy GOK of Amur Zoloto LLC mined 74.6 thousand tons of ore. Yubileinaya factory processed 96.4 thousand tons of ore and 10192 tons of concentrate. The enterprise obtained 1037.8 kg of gold and 643.8 kg of silver. Perevalniy GOK mined 217.2 thousand tons of ore. The…
DetailsIn 2018 MirBlagMet LLC has obtained 102 kg of alluvial gold in Amur region, up by 3% YoY. The output target for the year was 80 kg of gold. Last year the company yielded 99.3 kg of gold. The company has 2 licenses to develop alluvial gold sites. The Dugda deposit license is valid until…
DetailsUnder the investment program to develop mining and transport complex of Mikhailovsky Mining and Processing Works, Metalloinvest has purchased two BelAZs with the lifting capacity of 220 tons. These are the first such machines at the GOK. They will start operating in January 2019. At present the enterprise specialists are assembling the trucks and preparing…
DetailsThe state enterprise Energorynok has not determined the agreement on the electric energy purchase for Zaporozhye Ferro Alloys Plant. Thus, the company will not be able to conclude the agreement for the delivery of electricity from January 1, 2019. If Energorynok suspends the sale of electricity, ZZF will be forced to stop operation. The company…
DetailsAccording to the Department of Trade, in October US imported 28 thousand tons of construction pipes, up by 8.2% MoM, but down by 55.4% YoY. Ukraine supplied 1300 tons of pipes. Other sellers were Canada (16 thousand tons), Mexico (4800 tons), South Korea (1600 tons) and Taiwan (1100 tons). (Ukrainian metal)
DetailsIzhstal has confirmed the correspondence of its products to the European Union requirements. Following the audit according to CPR 305/2011 TUV Rheinland Group has granted the company a certificate and the right to mark its products with CE. At present Izhstal exports its products to Belgium, Germany, Hungary, France, the Czech Republic, Latvia and Bulgaria.…
DetailsIn 2018 Lena Zoloto LLC, developing alluvial gold sites in Irkutsk region, extracted 155.1 kg of the precious metal. The target for the year was 120 kg, thus, it had been exceeded by 29.2%. The company did not disclose its output in 2017. (Ukrainian metal)
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