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Raspadskaya Coal Company has published preliminary results for Q3 and January-September. Coal output in July-September decreased by 8% QoQ, to 3 million tons. Output at the Raspadsky pit decreased by 30%, but at the Raspadskaya-Koksovaya mine grew by 6%. Raspadskaya mine increased output by 1%. Coal concentrate sales went up by 2%, including a growth…
DetailsFerrexpo Plc. CEO Konstantin Zhevago has temporarily distanced himself from the office. According to the group, Zhevago will focus on settling some matters in Ukraine related to a company he owned until 2015. The board of directors has appointed Chris Mawe, CFO, the acting CEO. Zhevago, being a majority shareholder, will keep his position in…
DetailsThe Antimonopoly Committee of Ukraine has allowed the citizen of Cyprus Vadim Yermolayev to gain control over Dnepropress Steel LLC. The businessman from the city of Dnipro has for the past several years been the investor of the company. He is also the founder of the Alef Corporation, which unites various businesses. Dnepropress Steel makes…
DetailsIn January-September KAZ Minerals produced 230.5 thousand tons of copper, up by 6% YoY. In Q3 the output totaled 82.9 thousand tons of copper and 58.5 thousand ounces of gold. The copper output target this year is 300 thousand tons. Gold target of 170-185 thousand ounces could be exceeded by 5%. The company net debt…
DetailsIn July-September Rusal produced 942 thousand tons of aluminum, up by 0.4% QoQ. Plants situated in Siberia accounted for 93% of the output. Sales grew by 0.8%, to 1091 thousand tons. In particular, sales of high-added value products increased by 3.9%, to 430 thousand tons. In January-September aluminum manufacture remained unchanged at 2809 thousand tons,…
DetailsThe Board of Directors of NLMK has approved the company’s Sustainable Development Policy. The policy defines NLMK Group’s sustainability principles, goals and targets, as well as the mechanism for oversight of the company’s ESG agenda by the NLMK Board of Directors. For example, NLMK’s Strategic Planning Committee has been tasked with identifying the company’s strategy…
DetailsThe coal concentrate output of the Russian coal producer Raspadskaya rose by 17% YoY, to 6.266 million in January-September, the company said in a statement. Exports of coal concentrate increased by 22%, to 4.532 million tons. Domestic sales rose by 6%, to 1.734 million tons. The output of raw coal grew by 21%, to 10.112…
DetailsIn January-September Kamchatka extracted 4322 kg of gold, including 4305 kg of ore gold and 18 kg of alluvial gold. Silver output totaled 7.3 tons. Compared with the 9 months of 2018, gold output grew by 9%, while that of silver decreased by 6%. Three gold-extracting enterprises were able to increase output: SiGMA produced 350…
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