The net profit of the Russian coal producer Raspadskaya, a part of the metals and mining group Evraz, fell by 6.2% YoY, to $211 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on August 28. Revenue went up by 5.8%, to $546 million in the period,…Details
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Government of Kyrgyzstan has increased money receipts under a strategic agreement with Centerra Gold to $150 million, the Information Support Department of the Cabinet’s Office reported. The Prime Minister Mukhammedkaly Abylgaziev has held a meeting on the mechanisms of work of the Nature Development Fund and the Social Partnership for Regional Development Fund, created as…Details
In June Russia exported 259.5 thousand tons of raw aluminum, up by 4.8% MoM, and by 28.6% YoY. Deliveries to Turkey grew by 40%, but to Japan and US dropped by 23% and by 13% respectively. In H1 Russia exported 1.6 million tons of aluminum, up by 21.6% YoY. In monetary terms since the start…Details
In June Russia exported 33.6 thousand tons of refined copper, down by 8.9% MoM, but up by 1.2% YoY. Deliveries to Germany and China decreased the most MoM – by 79% and by 54% respectively. In H1 Russia exported 340 thousand tons of copper, up by 5.8% YoY. In monetary terms since the start of…Details
In June Russia imported 35 thousand tons of copper ore and concentrate, up by 73.6% MoM and by 22.6% YoY. In H1 imports totaled 208 thousand tons, down by 31.1% YoY. In June Peru supplied 23.6 thousand tons of copper ore, while imports from Kazakhstan remained unchanged at 11 thousand tons. In monetary terms since…Details
In June Russia exported 12.7 thousand tons of zinc ore and concentrate, down by 41.1% MoM and by 67.8% YoY. In particular, China bought 4.6 thousand tons, down by 69% MoM. Sales to Korea dropped by 33%, to 3 thousand tons. Kazakhstan imported 5.1 thousand tons of zinc ore, up 2.5-fold YoY. In H1 zinc…Details
In June Russia imported 3 thousand tons of aluminum scrap and waste, up by 24.2% MoM, but down by 22.3% YoY. Imports from Kazakhstan remained at 1.6 thousand tons, but from USA grew 3.5-fold, to 1 thousand tons. In H1 Russia imported 14.4 thousand tons of aluminum scrap, down by 27.7% YoY. In monetary terms…Details
In June Russia exported 41.6 thousand tons of lead ore and concentrate, up by 108.2% MoM and by 176.6% YoY. Exports to China grew 2-fold, to 98%. In H1 Russia exported 191 thousand tons of lead ore, up by 28.2% YoY. In monetary terms exports have grown by 11.2%. Export prices have been falling for…Details
Lebedinsky Mining and Processing Works, a part of Metalloinvest, has produced the 40-millionth ton of hot-briquetted iron. It took the plant 20 years to reach the milestone. Metalloinvest occupies over 50% of the global HBI market. In 2018 it sold 4.5 million tons of the product. (Ukrainian metal)Details
In July Korshunovsky Mining and Processing Works increased iron ore concentrate output by 15% MoM, to 228 thousand tons. The products were shipped to Chelyabinsk Iron and Steel Works. Ore output grew by 58%. (Ukrainian metal)Details
Revda Non-Ferrous Metals Processing Works is carrying out a project to assemble a new horizontal hydraulic press. The machinery was produced by SMS Group, Germany. The press will produce rods and pipes of copper alloys as well as pressed copper tyres with the width of up to 220 mm. The new press will provide the…Details
The VSMPO-Avisma board of directors recommends paying dividends for January-June in the amount of 884.6 rubles per ordinary share. The register to receive dividends will be closed on October 11. The total amount to be spent on dividends will be 10.199 billion rubles. For H1 2018 the corporation paid 756 rubles per share (8.7 billion…Details
This year Russian Copper Company will invest some $760 million in mining in Russia and Kazakhstan. According to the group mining director Alexei Gordeyev, the growth of investments compared to 2018 will be 13%, not counting the purchase of Malomyzh deposit in Khabarovsk region. Other main projects this year include construction of Tominsky mining and…Details