In January-June Nordgold received 3.96 billion rubles ($67.7 million) of net profits according to international standards, down by 28% YoY. Earnings increased by 16%, to 35.38 billion rubles ($604.9 million), EBITDA – by 12%, to $266.5 million (15.59 billion rubles). Capex dropped by 9% YoY, to 8.53 billion rubles ($145.9 million). In Q2 the company…
DetailsIn January-June Mechel mined 10.331 million tons of coal, down by 10% YoY. According to the group statement, steel output in 6 months increased by 5%, to 2.22 million tons, pig iron remained almost flat YoY, at 2.04 million tons. In Q2 Mechel decreased coke sales by 9% because of unstable market situation. “The metal…
DetailsThe gold output of Nordgold, controlled by the Russian businessman Alexei Mordashov, increased by 15% YoY, to 486,200 ounces in January-June, the company said in a statement on August 28. Combined production grew due to a 28% increase of output at the Berezitovy mine, to a 21% increase of output at the Taparko mine, to…
DetailsPriargunskoye Manufacturing Mining and Chemical Enterprise has put into operation the 7D horizon of the uranium mine No. 8, bringing it to the project capacity of 366 thousand tons of ore (705 tons of uranium) per year. The horizon has been put into operation a year and a half earlier. Instead of 3.5 years, all…
DetailsIn 2017 Orion Group+ LLC intends to wash 40 kg of alluvial gold, down by 26 kg YoY. “Our company is not large, and this year the output will be smaller, as our license is expiring. But we intend to prolong it”, the company director Anatoly Chesnokov said. The company will not participate in auctions…
DetailsThe VSMPO-Avisma board of directors has recommended the shareholders to make a decision to pay dividends for the first half of 2017 in the volume of 762.7 rubles per ordinary share. In H1 2016 VSMPO-Avisma dividends totaled 816 rubles per share, thus this year they could decrease by 6.5%. The decision on dividends will be…
DetailsElectrozinc has assembled the longest part of the mist separator flue to the new sanitary discharge pipe at its sulfuric acid shop. The work is being done under the reconstruction and modernization program to improve the sanitation situation in the city of Vladikavkaz. To assemble the flue with the length of 30 meters, diameter of…
Details