In January-March, Interpipe received a revenue of $201 million, down by 20% YoY. EBITDA dropped by 53%, to $40 million, while capital investments grew by 58%, to $17 million. Net debt amounted to $53 million. Railroad sales revenue decreased by 53% and volumes by 32%. (Ukrainian metal)Details
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In January-May, Ukraine procured 1.57 million tons of scrap, up by 35.1% YoY. The growth was due to high purchasing prices of metal companies, as well as increasing activity of exporters. Metal companies received 1354.9 thousand tons of scrap, up by 23.6%. Scrap stocks are estimated at 140-145 thousand tons. Exports amounted to 146.3 thousand…Details
In January-April, Amur region yielded 4210.9 kg of gold, down by 20.3% YoY. In particular, Petropavlovsk decreased output. Thus, Malomyrskiy Mine LLC and Albynskiy Mine LLC extracted 1491.1 kg and 396.9 kg respectively, down by 2% and by 76%. Pokrovskiy Mine extracted 856.8 kg of gold, down by 29%. TEMI LLC, also a part of…Details
In January-May, Yuzhniy Mining and Processing Works increased iron ore concentrate output by 1.5% YoY, to 5.2 million tons. In May, UGOK produced 1.8 million tons of concentrate, down by 2.5% YoY. Last year, output grew by 4.4%, to 12.8 million tons. (Ukrainian metal)Details
This year, the gold-extracting company Podgolechniy, a part of Seligdar, intends to produce 173 kg of gold. The company will process 500 thousand tons of ore from the Yasnaya Polyana deposit in the Republic of Sakha (Yakutia). Seligdar acquired the deposit in 2018. Its S1 reserves amount to 287.02 kg of gold and R1 to…Details
Metinvest has started supplying metal for the active stage of construction of the first “steel building” in Ukraine in Mariupol. Azovstal intends to provide over 330 tons of steel structures, with around a hundred to be delivered until the end of May. The frame of the building will be made of metal structures, while the…Details
In January-April, Ukraine increased nickel imports by 22.4%, to $32.75 million ($9.428 million in April), aluminum – by 10%, to $129.966 million ($34.997 million), lead – 3.1-fold, to $4.603 million ($1.04 million), tin – by 43.5%, to $1.145 million ($402 thousand), and zinc – by 90.7%, to $28.139 million ($9.561 million). According to the State…Details
In January-March, Kyrgyzstan exported 2.448 tons of gold valued at $140.3 million as opposed to 4.183 tons at $212.9 million in Q1 2020. In 2020, the state already expected the decrease in gold output. According to the Ministry of Economy, this year Kumtor will decrease output by 4.3% mostly due to lower gold content in…Details
In January-April, Ukraine increased imports of copper and copper wares by 68% YoY, to $50.196 million. According to the State Customs Service, exports grew 3-fold, to $68.051 million. In April, copper imports amounted to $14.532 million and exports – $21.2 million. (Ukrainian metal)Details
In April, Interpipe shipped the first batch of new wheels to Deutsche Bahn. The ET 442 wheels have a diameter of 840 mm. “The ET 442 wheels are a complex product. Before making the batch, we certified the new structure according to TSI and European standards. Deutsche Bahn was satisfied with the results of the…Details
As of May 4, Irkutsk region produced 4439.6 kg of gold, down by 23% YoY. In particular, ore gold output decreased by 19%, to 4358.6 kg. Polyus Verninskoye produced 2801.3 kg, Vysochaishiy – 644 kg and its Ugakhan enterprise – 590.2 kg, while Druza – 323.1 kg. Alluvial season started in April, and the output…Details
The American Nucor has ordered Energomashspetsstal a batch of supporting rolls weighing 150 tons each. The corresponding contract was signed in April. The rolls have to be shipped until October 2022. This is the first cooperation of the parties. (Ukrainian metal)Details