Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to…Details
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In January-September Rusal received $1.549 billion of net profit, up by 98.1% YoY. The corrected net profit grew by 20.1%, to $873 million. Revenue reached $7.915 billion, up by 9.6%. In Q3 net profit increased by 46.3% QoQ, to $597 million, with corrected up by 55%, to $448 million. Revenue reached $2.918 billion, up by…Details
In October Mariupol Ilyich Iron and Steel Works ascended to the first place among the largest VAT receivers. The company was reimbursed 761.7 million UAH as opposed to 669.4 million UAH in September (second place). According to the State Treasury Service, Zaporizhstal received 486.7 million UAH (616.8 million in September) and Nikopol Ferroalloy Plant –…Details
Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…Details
The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…Details
A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…Details
In September Zaporozhkoks produced 65.03 thousand tons of blast furnace coke. The manufacturing goal for the month has been reached. In January-September the company produced 609.98 thousand tons of blast furnace coke. The output decreased YoY because of the scheduled repair of the coke-oven battery No. 5 Investments in the repair totaled 73 million UAH.…Details
In January-September the United Mining and Chemical Company received 423.079 million UAH of net profit, down by 27.8% YoY. EBITDA decreased by 26.7%, to 524.351 million UAH. At the same time net income grew by 18.3%, to 2.549 billion UAH. Undistributed profit as of late September totaled 297.083 million UAH. (Ukrainian metal)Details
In January-September Zaporozhye Aluminum Works received 106.578 million UAH of net losses as opposed to 118.692 million UAH of net profit in 9 months of 2017. The company did not have any net income, while last year it totaled 31.891 million UAH. This year ZALK has not manufactured anything. (Ukrainian metal)Details
DTEK Pavlogradskoye Mine Group has ahead of schedule completed the annual output plan. The miners yielded 506,900 thousand tons of gas coal 2 months ahead of schedule. In October the first site started mining coal from the new long face. DTEK invested some 40 million UAH in its development. (Ukrainian metal)Details
Corum Group will supply machinery for a major Polish mining company – Polska Grupa Gornicza. This will allow the Ukrainian supplier to integrate into the Polish market. Corum will supply 140 sections of the mechanized anchoring for the Sosnica mine. “The market is one of the most attractive for us due to the reorganization of…Details
On November 1 the steel wire shop No. 3 of Belarus Iron and Steel Works shipped the 3-millionth ton of wire. The anniversary ton was sold to Mazur-Tom (Poland), where it would be used to produce nails. In January-October BMZ produced over 216 thousand tons of wire. This year the wire was exported to Lithuania,…Details