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The Minister of Foreign Affairs Krisjanis Karins calls on strengthening sanction pressure on Russia and start working on the 14th sanctions packet, complementing the ban on the export and transit of raw materials used in the Russian military industry, in particular, manganese ore and aluminum oxide. The parties, that form the government coalition, believe that…
DetailsIn 2023, Vysochaishiy JSC increased revenue by 28.5% YoY, to 41.19 billion rubles. The most part of it – 33.95 billion rubles – was received from gold sales, which grew by 24.5%. Net profit fell by 59%, to 1.4 billion rubles. EBITDA totaled 19.15 billion rubles, up by 42%. (Ukrainian metal)
DetailsIn January, Ukraine exported 1.358 million tons of iron ore to the EU, up by 29.3% MoM and by 27.4% YoY. Revenue grew by 21.3% MoM and by 14.6%, to EUR 63.83 million. Slovakia was the main customer, importing 513.89 thousand tons (+47.5% YoY), followed by the Czech Republic (308.03 thousand tons, -25.8%), Poland (253.8…
DetailsOn March 5, the state enterprise Dobropolyevuhillya-Dobycha ordered “Nautilus” Mining Company LLC services on coal extraction valued at 54.89 million UAH. The tender in Prozorro.Sales system was held at the second attempt, as the preliminary agreement for 54.96 million UAH, concluded with the same company on February 12, was canceled. The contractor will be operating…
DetailsIn 2023, the consolidated net loss of Metinvest B.V. (the Netherlands) totaled $194 million, down 11-fold YoY. Revenue dropped by 11%, to $7.397 billion, and EBITDA – by 54%, to $861 million. Metal sector revenue decreased by 15.2%, to $4.846 billion, and mining – by 0.8%, to $2.551 billion. Corrected EBITDA of metal division fell…
DetailsSince the start of the year, Metinvest Pokrovskvuhillya has already extracted 1 million tons of coal. Despite the proximity of the frontline, the miners continue to operate at all four sites. On February 21, the company commissioned the 11th coalface with the length of 242 meters. Its reserves amount to 993 thousand tons. Miners intend…
DetailsOn March 16, one of the mines in Donetsk region suffered an equipment breakdown. At the time, 31 miners were working in the mine. They were notified of the emergency. The equipment was restored within an hour. (Ukrainian metal)
DetailsIn 2023, net profit of the aluminum monopoly Rusal collapsed 6-fold YoY due to the drop in prices despite the growth in sales after the company reoriented to Asia. Rusal was hit by direct Western sanctions in 2022 following the Russian invasion of Ukraine. Last year, Rusal sales increased by 6.6%, to 4.15 million tons,…
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