Ukraine: PFK tax payments up in H1 2019

In January-June Pobuzhye Ferronickel Plant increased tax payments by 25.6% YoY, to 51.499 million UAH.

Single social payments grew by 28.1%, to 26.19 million UAH, while personal income tax and military tax increased by 25.2%, to 20.867 million UAH.

Average salary went up by 29.3%, to 10395 UAH. (Ukrainian metal)

Kyrgyzstan: Centerra announces satisfaction of conditions to completing strategic agreement

Centerra Gold Inc. announced that all conditions precedent to the completion of the Strategic Agreement entered into with the Kyrgyz Republic Government on September 11, 2017 had been satisfied or waived and all parties had therefore acknowledged that the First Completion Date (as defined in the Strategic Agreement) had occurred. All parties to the Strategic…


Russia: Aleksandrinskaya Mining Company implementing ERP

Aleksandrinskaya Mining Company has started implementing the ERP system. The system allows combining and automating the main processes at the enterprise – from purchasing and technical maintenance of the machinery to finance and personnel management to manufacture planning. The system consists of 7 blocks. It will replace the outdated and segmental sets of accounting programs.…


Russia: Susumanzoloto net profit up in H1 2019

In January-June Susumanzoloto received 5.436 billion rubles of revenue, up by 1.2% YoY.

Sales profit grew by 11.9%, to 1.446 billion rubles.

Net profit increased by 6.3%, to 996.171 million rubles.

This year the company intends to extract 6.5 tons of gold. (Ukrainian metal)

Ukraine: UGOK output up in July 2019

In July Yuzniy Mining and Processing Works produced 1043.7 thousand tons of concentrate, on par with July 2018.

Sinter manufacture grew by 114.3%, to 121.1 thousand tons.

In January-July UGOK produced 7319.3 thousand tons of concentrate, up by 3% YoY, and 789.8 thousand tons of sinter, down by 17%. (Ukrainian metal)