Ukraine: Metinvest posts 2.3% fall in revenues in August 2016

Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August posted positive EBITDA of $133 million, while in the previous month the figure was $147 million. According to preliminary unaudited consolidated data from the company’s financial statements under IFRS, revenues in August stood at $555 million, while…

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Russia: raw zinc output up in January-September 2016

In January-September Russia increased raw zinc output by 3.3% YoY.

According to the Federal Service of State Statistics, in September raw zinc output dropped by 6.3% YoY and by 14.5% MoM. (Ukrainian metal)

Ukraine: prosecutors want Ukrainian Chemical Products punished for dealing with Crimea

On behalf of the Military prosecutors of the South region the General prosecutor’s office has addressed the Ministry of economic development and trade asking it to punish Ukrainian Chemical Products (ex-Crimean Titan) by stopping its economical activities. The prosecutors said, that despite the ban to trade with Crimea, in 2015-2016 the company supplied raw materials…

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Russia: RUSAL wants Ukraine to redeem investments in local plant

Russian aluminum giant UC RUSAL has filed a suit to the International Center for Settlement of Investment Disputes (ICSID) demanding Ukraine to redeem the company’s investment in Zaporozhye Aluminum Complex, a RUSAL representative reported. “Affiliates of RUSAL have turned to the ICSID with a request to compensate for the investment in Zaporozhye Aluminum Works. The…

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