Russia: Orotukan Alluvial Company to get 300 kg of gold in 2018

This year the Orotukan Alluvial Company LLC intends to obtain 300 kg of alluvial gold.

According to the company statement, the sand-washing season will start on May 1.

Last year the company obtained 296.6 kg of gold.

The company owns 11 licenses for alluvial gold sites in the Magadan region. (Ukrainian metal)

Russia: Zabaykalye to introduce patents for gold extraction

Zabaykalye region intends to implement a pilot project of granting individual entrepreneurs patents to extract gold at lesser deposits and alluvial sites.

The project will solve the problem of illegal extraction of gold in the region.

The entrepreneurs will be given small sites, rejected by major companies. (Ukrainian metal)

Ukraine: AMKR announces 2017 financial results

PJSC ArcelorMittal Kriviy Rih, the biggest steel company of Ukraine, has announced its financial results for 2017. Key financial results are as follows: Net income from sales – $2.489 billion (UAH 66.19 billion). Net profit – $0.19 billion (UAH 5.06 billion). Amount of investments (CAPEX and OPEX) – $0.338 billion (UAH 9 billion). In recent…

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Russia: Stoylensky GOK gets newest drilling rig

A new drilling rig began operating in the Stoylensky Mining and Processing Works quarry.

It has been purchased under the renovation program to replace outdated machinery.

The efficiency of the new rig is 7% higher.

The new machine also boasts increased lifetime of 2 years and decreased terms of repairs. (Ukrainian metal)

Russia: Evraz NTMK sales down in January-February 2018

In February Evraz NTMK decreased railroad sales of rolled metal by 6.1% YoY, to 280.2 thousand tons.

In January-February sales dropped by 12.7%, to 586 thousand tons.

In particular, supplies to domestic consumers decreased by 7.5%, to 289.2 thousand tons, and for export – by 17.2%, to 296.8 thousand tons. (Ukrainian metal)

Ukraine: Kurchenko becomes the sole coal supplier from occupied territories

Gaz-Alliance, controlled by the renegate businessman Sergey Kurchenko, has been appointed the only supplier of coal from the Kiev-uncontrolled territories. According to Vladislav Brig, a member of the so-called People’s Council of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, on March 14 the Russian Ministry of economic development prohibited the…

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Russia: Raspadskaya net profit up in 2017

In 2017 Raspadskaya received $319 million of net profit, up 1.7-fold YoY.

According to the company statement, its revenue grew 1.7-fold, to $868 million.

The gross profit reached $459 million, up 2.2-fold YoY. (Ukrainian metal)

Ukraine: metal exports down in February 2018

In February metal exports from Ukraine dropped by 5.5% MoM, to 638.6 thousand tons.

According to the state enterprise Derzhzovnishinform, revenue decreased by 4.4%, to $828.8 million.

In January revenue from metal exports was $867 million. (Ukrainian metal)