Kyrgyzstan: PM makes no decision on uranium mining in Issyk-Kul

Government of Kyrgyzstan has not yet decided what will happen to the uranium deposit, the Prime Minister Mukhammedkaly Abylgaziev announced at the meeting of the Parliament. Deputy Kamchybek Zholdoshbaev asked what would happen to the uranium deposit in Issyk-Kul region. Mukhammedkaly Abylgaziev noted that incorrect information about uranium was disseminated. “YurAsia company was registered in…


Russia: TMK sales down in Q1 2019

In January-March, TMK sold 966 thousand tons of pipes, down by 2% YoY and by 4% QoQ. The negative dynamics was mostly caused by the drop in sales in the American division. At the same time OCTG pipes sales increased by 4% YoY, to 481 thousand tons. This year TMK expects pipe consumption by Russian…


Russia: MMK invests more than 58 billion rubles in environmental programs in 2000-2018

Magnitogorsk Iron and Steel Works (MMK) invested over 58 billion rubles in environmental activities in 2000-2018, including 9 billion rubles in the last year alone, according to the company’s environmental report, published on its official website. The report was prepared in order to inform all stakeholders about the company’s efforts in the field of environmental…


Belarus: BMZ revenue up in 2018

In 2018, Belarus Iron and Steel Works received Br3 billion of net revenue, up by 32.7% YoY.

Sales profit grew by 77.4%, to Br247.3 million.

As a result net profit totaled Br300 thousand as opposed to a loss of Br3.2 million in 2017.

Debt increased by Br32.6 million to Br985.96 million. (Ukrainian metal)