In January-June Chelyabinsk Zinc Works decreased net profit almost 2-fold YoY, to 1.754 billion rubles. Revenue dropped by 25%, to 13.124 billion rubles. Gross profit fell by 20%, to 3.729 billion rubles. (Ukrainian metal)
DetailsAccording to Chinese customs office, in June imports of raw nickel increased by 18.5% MoM and by 35.6% YoY, to 21.127 thousand tons. Russia contributed the most to this increase – 10894 tons, up by 1360% MoM and by 228% YoY. In 6 months China imported 96.4 thousand tons of raw nickel, down by 25.7%…
DetailsIn January-June Norilsk Nickel received 201.86 billion rubles of net profit, up 2.3-fold YoY. Revenue grew by 41.6%, to 397.19 billion rubles. Gross profit went up by 46%, to 259.56 billion rubles, and sales profit – by 51.2%, to 235.97 billion rubles. EBITDA increased 2.3-fold, to 254.33 billion rubles. (Ukrainian metal)
DetailsU.K.-based mining giant Evraz, which operates mainly in Russia, increased steel production by 2.7% YoY, to 6.995 million tons in January-June, the company said in a statement on July 31. In April-June steel production of the company went up by 0.5% QoQ, to 3.507 million tons. (Prime/Ukrainian metal)
DetailsAccording to the strategic plan of the Ministry of Industry and Infrastructure Development of Kazakhstan for 2017-2021, the planned volume of coal extraction for 2019 is 107.1 million tons, the ministry reported. “The fuels and minerals base of Kazakhstan’s coal industry is sufficient enough and notwithstanding large volumes of extraction, the coal stockpiles are still…
DetailsIn January-June Bratsk Ferroalloys Works increased FS-75 ferrosilicon sales 2-fold YoY. The growth is due to the changes in sales structure: the demand for the 75% silicon content alloy on the foreign markets has significantly increased. 83% of the exports went to the countries of the Asian-Pacific region. (Ukrainian metal)
DetailsNuclear Power Systems of Ukraine, a part of which belongs to the owner of the ATB retail network, has made considerable investments in the development of a uranium deposit. In 2017 the company received licenses from the State service of geology and subsoil of Ukraine to develop uranium ore deposits in Dniepropetrovsk and Nikolayev regions…
DetailsIn January-June Vostochniy Mining and Processing Works decreased uranium oxide concentrate by 24.2% YoY, to 455.7 tons. In January the company produced 72.6 tons of concentrate, in February – 93.7 tons, in March – 84.3 tons, in April – 72.9 tons, in May – 52.2 tons and in June – 80 tons. In 2018 uranium…
DetailsZlatoust Electrometallurgical Works intends to commission a new press-forge machine. This will be the second step in the modernization program, in the past two years. Previously ZEMZ has commissioned a site of the thermal roasting, having assembled 5 Bosio kilns there. The press-forge machine has arrived from Danieli, Italy. The machine is expected to be…
DetailsNew Ore Company LLC, owning 15 licenses for the development of sites in the Far East, intends in 2021 to commission the Petukh ore occurrence in Magadan region, and in 2020 to start developing the Morozkinskoye deposit in the Republic of Sakha (Yakutia). Petukh reserves are estimated at 52 tons of gold with the possible…
Details