In January-June Petropavlovsk increased gold sales by 12% YoY, to 225.1 thousand ounces. Dore gold output grew by 15%, to 225 thousand ounces. In particular, in Q2 the company produced 117.3 thousand ounces of gold and sold 117.5 thousand ounces. The production forecast for this year is 450-500 thousand ounces of gold. (Ukrainian metal)
DetailsIn January-June the net loss of Mechel totaled 352.683 million rubles, down 22.3-fold YoY. Revenue grew 1.6-fold, to 9.813 billion rubles. Gross profit increased 1.6-fold, to 9.795 billion rubles. Sales profit was 9.039 billion rubles, up 1.6-fold. (Ukrainian metal)
DetailsThe Commercial court of appeals has ruled to recover from ArcelorMittal Kriviy Rih the debt for the land lease. The company was not paying full land lease in 2017-2018. The court ruled to recover the debt from one of the four sites. The next session of the court will be held on September 9. (Ukrainian…
DetailsIn May Russia imported 113.9 tons of raw copper, up by 100.9% MoM and by 0.1% YoY. In 5 months imports dropped by 58% YoY, to 622.6 tons. Since the start of the year in monetary terms imports have decreased by 53.9%. In May import prices dropped by 10.7%, to $14.1 per kg. (Ukrainian metal)
DetailsThis washing season Diana LLC intends to extract 100 kg of gold. The company is operating its only license site in the Rodionovsky Brook valley in Magadan region. The washing season started on May 20. So far the company has obtained 45 kg of gold, down by 30% YoY. The washing season will end in…
DetailsBirobidzhan Metal Structures Works is finishing the construction of its main sandwich-panel shop on the Amuro-Khiginskaya territory of advanced development in the Jewish Autonomous District. Investments in the project totaled 937 million rubles. 40 employees already work at the plant, and 156 additional jobs will be created when the construction is complete. This year the…
DetailsThe Amur region gold-extracting enterprise KHERGU intends to yield 650 kg of the precious metal this season, down by 18.4% YoY. The drop is due to the decrease of gold content in the sand. The company started the washing season on April 29. So far, the output target has been 41.2% fulfilled, as the company…
DetailsSince the start of the washing season Kseniyevskiy Priisk has extracted 648.1 kg of alluvial gold, up by 44.9% YoY. The company is developing sites in the Zabaikalye region. The output growth is due to the modernization of the machines operating at the sites. The corrected output target for this year is 1300 kg. Thus,…
DetailsOskol Electrometallurgical Works has turned 45. OEMK is the only enterprise of the full cycle in Russia that implements the technique of direct iron reduction. In 2018 the company produced almost 4 million tons of iron ore pellets, 3.2 million tons of DRI and 3.4 million tons of steel. OEMK was created in 1974. The…
DetailsShareholders of the Yuzhniy Mining and Processing Works have decided to spend a part of the 2018 profit to pay dividends. The amount is 7.133 billion UAH, or 4.484251 UAH per ordinary share. The decision was taken at the extraordinary meeting on July 19. (Ukrainian metal)
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