Russia: MMK invests more than 58 billion rubles in environmental programs in 2000-2018

Magnitogorsk Iron and Steel Works (MMK) invested over 58 billion rubles in environmental activities in 2000-2018, including 9 billion rubles in the last year alone, according to the company’s environmental report, published on its official website. The report was prepared in order to inform all stakeholders about the company’s efforts in the field of environmental…


Belarus: BMZ revenue up in 2018

In 2018, Belarus Iron and Steel Works received Br3 billion of net revenue, up by 32.7% YoY.

Sales profit grew by 77.4%, to Br247.3 million.

As a result net profit totaled Br300 thousand as opposed to a loss of Br3.2 million in 2017.

Debt increased by Br32.6 million to Br985.96 million. (Ukrainian metal)

Russia: Severstal net profit down in Q1 2019

In January-March, Severstal net profit decreased by 7.2% YoY, to $428 million.

EBITDA dropped by 6.1%, to $663 million.

Compared with Q4 2018, net profit fell by 26%, and EBITDA – by 16.5%.

The group net debt as of March 31, decreased by 30%, to $863 million. (Ukrainian metal)

Kyrgyzstan: 15,000 people sign petition against uranium mining in Issyk-Kul

At least 15,004 people have signed the petition against the project on development of uranium deposit in Issyk-Kul region. Collection of signatures continues. Last weekend, social networks’ users began collecting signatures against the project on development of Tash-Bulak uranium deposit. The author of the petition was Alena Khomenko. She invited everyone to sign the online…


Kyrgyzstan: Prime Minister instructs to suspend uranium mining in Issyk-Kul

Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev instructed to suspend work at the uranium deposit in Kyzyl-Ompol area, the Information Policy Department of the Government’s Executive Office reported. The head of the Cabinet held a meeting on the activities of YurAsia company in Kyrgyzstan. An interdepartmental working group was formed on December 31, 2018. Its participants…