Russia: Raspadskaya net profit up in 2018
In 2018 Raspadskaya increased net profit by 50.57% YoY, to 27.9 billion rubles. Revenue grew by 34%, to 68 billion rubles. Combined output went up by 11%, to 12.7 million tons. (Ukrainian metal)
DetailsUkraine: Lvivugol orders 107 million UAH worth of mining machinery
The state enterprise Lvivugol has ordered Corum Trading LLC the delivery of mining machinery valued at 107.42 million UAH. This year the Stepova Mine will receive a CLS450.00.00.000 cutter-loader for 62.48 million UAH and a drag conveyer with the length of 300 m valued at 44.94 million UAH. The price is 11% lower than the…
DetailsUkraine: UGMK switches to losses in 2018
In 2018 Ukrainian Mining and Metallurgical Company received 118.19 million UAH of net loss, as opposed to the net profit of 149.26 million UAH in 2017. The uncovered losses as of the end of last year amounted to 117.71 million UAH. UGMK was created in 1998. It is one of the largest metal and pipe…
DetailsRussia: Yuzhuralnickel profits in 2018
In 2018 the net profit of Yuzhuralnickel was 478 million rubles, up from the net losses of 1.52 billion rubles in 2017. Revenue amounted to 88 million rubles in 2018 and 102 million in 2017. In 2012 the company suspended operation for an indefinite period because of the world metal prices drop. (Ukrainian metal)
DetailsRussia: Nergeoprom to increase gold output in 2019
Nergeoprom LLC has started excavating works in Zabaikalye region. Its quota for this year is 600 kg, but the company intends to extract some 650 kg of alluvial gold. Last year the company yielded 571 kg of gold with the target of 550 kg. In 2019 Nergeoprom will be operating at three sites: Urulga, Zharcha…
DetailsRussia: GRE-324 to extract 120 kg of alluvial gold in 2019
This year Geologorazvedochnaya Ekspeditsia No. 324 LLC intends to extract 120 kg of alluvial gold, down by 20% YoY. “Last year we did not reach our output target. Because of the bad weather we extracted only 65 kg at two sites – Sazhenka and Shirokiy Brook – instead of 150 kg that we planned”, the…
DetailsUkraine: PFK completes main repair campaign for 2019
In Q1 Pobuzhye Ferronickel Plant completed the campaign to repair its main machinery, planned for the current year. “We have replaced lining at the tube-type rotary kiln No. 1 and the dome of the ore-thermal furnace No. 1. For the first time in 7 years. We hope it will operate for some 5-6 years more”,…
DetailsUkraine: AMKR average wagons turnover down in March 2019
ArcelorMittal Kriviy Rih, the largest mining and steelmaking company in Ukraine, the railway tracks of which are above 600 kilometers long, improved its average wagons turnover by 35% MoM, having decreased it from 168 to 109 hours. Improvement of KPI on acceptance, processing and dispatch of wagons with cargoes was possible owing to a significant…
DetailsRussia: Otkritie FC Bk opens loan to UMMC for Yubileinoye mine
Russia’s Otkritie Financial Corporation (FC) Bank has signed an agreement to open a 21-billion ruble 10-year loan to Ural Mining and Metallurgical Company (UMMC-Holding) for construction of an underground mine at the Yubileinoye copper field, the bank said in a statement on March 25. “Bank Otkritie will issue a 21-billion ruble loan to UMMC-Holding for…
DetailsRussia: TMK’s shares up on March 25, 2019
The shares of the pipe producer TMK rose by 11.49%, to 61.54 rubles as of 11:00 a.m., Moscow time on March 25, after an announcement of sale of a U.S. subsidiary IPSCO Tubulars to Tenaris for $1.209 billion on March 22, according to the Moscow Exchange. TMK rose by 25.17% to a peak of 59.08…
DetailsUzbekistan: US and Austrian companies to invest in plant construction
The US company Epsilon Development in partnership with the Austrian company Oberhofer Projektmanagement GmbH will invest 100 million euros in the construction of a new plant in the Angren free economic zone in Uzbekistan. The companies have already created a foreign enterprise “Steel Innovation Systems” to implement this project. “The new plant will be engaged…
DetailsUkraine: miner killed in accident 500 m below surface
A miner was killed in an accident at one of the mines located in Ukraine’s western Lviv region, a local council member Ihor Zinkevych reported. The official said the tragedy occurred at the Nadiia Mine in the village of Selets, Sokal district. The miner died as a result of a cave-in some 500 meters below…
DetailsKyrgyzstan: gold illegally mined in Jalal-Abad region
Illegal business activity during development of alluvial gold deposits was revealed in Toktogul district of Jalal-Abad region of Kyrgyzstan, the State Service for Combating Economic Crimes reported. According to it, the State Committee for Industry, Energy and Subsoil Use banned alluvial gold mining operations before submitting a temporary certificate for the right to use the…
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