Ukraine: VostGOK ends 2015 with profits

In 2015 Vostochny Mining and Processing Works received 13.27 million UAH of profits. According to the Ministry of economical development and trade, the company CEO salary in 2015 totaled 462.6 thousand UAH. Alexander Sorokin has been the general director of VostGOK since 2008. The company produces 3.3% of the world uranium. (Ukrainian metal)

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Ukraine: ZALK reelects supervisory board

Shareholders of Zaporozhye Aluminum Works have dismissed Anna Matis from the office of the supervisory board chairman and appointed Natalia Pavlyuk, a representative of the State Property Fund, instead. According to the company statement, Alexei Arnautov and Jana Tikhonova, as well as the State Property Fund representatives Natalia Kharina, Irina Lepyavko, Anastasia Mankovskaya and Svetlana…

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Russia: Moody’s upgrades MMK rating to Ba1

Magnitogorsk Iron and Steel Works announces that Moody’s Investors Service has upgraded the company’s corporate family rating to Ba1 from Ba2 and probability of default rating to Ba1-PD from Ba2-PD. The assigned rating corresponds with the sovereign rating of Russia and brings MMK to the club of Russia’s metals & mining majors – Severstal, NLMK…

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