TALCO Gold, a joint venture created by the Tajik state aluminum company TALCO and Chinese Tibet Huayu Mining, announced that it would start developing the mercury-antimony deposit Konchoch in March 2020. TALCO received the license back in 2015. The joint venture plans to extract some 15 thousand tons of antimony per year and produce 6…
DetailsIn January-June the Industrial and Metallurgical Holding received 46.4 billion rubles of consolidated revenue, up by 8% YoY. Gross profit decreased by 11% mostly due to the growth of expenses on raw materials. Operational profit decreased by 39%. Net profit amounted to 4.5 billion rubles, up by 116% YoY. EBITDA LTM stood at 17.3 billion…
DetailsIn January-June VIZ-Stal produced 86 thousand tons of transformer steel. The capacities were 100% loaded. Transformer steel sales totaled 83 thousand tons. Exports accounted for 86% of sales. (Ukrainian metal)
DetailsThe net profit of Russian titanium giant VSMPO-Avisma grew by 25.5% YoY, to $210.3 million in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report August 29. Revenue increased by 3.6%, to $814 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 3.7%, to $305.9 million. Long-term…
Details“Entry into force of a new strategic agreement between Centerra Gold and the government of Kyrgyzstan will have a positive effect on both operation of the mine and the mining industry,” Eldar Tadzhibaev, Chairman of the Central Committee of the Mining and Metallurgical Union, declared. According to him, it is good that the government and…
Details“Business welcomed the news of the entry into force of the Strategic Agreement between the government of Kyrgyzstan and Centerra Gold on Kumtor,” Askar Sydykov, Executive Director of the International Business Council, declared. According to him, any uncertainties in relations between the government and Centerra Gold directly affect the investment climate in Kyrgyzstan. The business…
DetailsIn June Russia exported 20.5 thousand tons of aluminum wire, up by 36% MoM and by 139.6% YoY. Exports to Switzerland grew by 63%, to 11 thousand tons, and to Belarus – by 7.6%, to 2.9 thousand tons. In H1 aluminum wire exports totaled 82 thousand tons, up by 24% YoY. In monetary terms since…
Details