Russia: RUSAL revenue up in Q1 2018

The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…

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Russia: Gazprombank gives 54.4 billion rubles to RCC for Tominsky GOK

Gazprombank has opened a loan of 54.4 billion rubles for 12 years to finance the development of the Tominskoye copper-porphyry deposits in Chelyabinsk region to Tominsky Mining and Processing Works, a part of Russian Copper Company, and has also given the first tranche of 7 billion rubles. The development of the Tominskoye deposits and construction…

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Ukraine: AMKR masters manufacture of new products according to Israeli standards

ArcelorMittal Kriviy Rih has mastered the manufacture of a new product according to the Israeli standards – the vanadium-alloyed weldable rebars S500W 25 mm. The first batch of such rebars weighing 1 thousand tons has already been shipped to Israel from the Nikolaev Trade Sea Port. The main advantages of these rebars are their weldability…

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Russia: Kinross gold output down in Q1 2018

In January-March Kinross Gold produced 653.94 thousand ounces of gold equivalent, down by 3% YoY. In Russia gold output dropped by 16%, to 120.18 thousand ounces. At the Kupol and Dvoynoy mines in Chukotka output dropped because of the scheduled extraction of ore with low gold contents. In 2017 Kinross Russian enterprises produced 17692 kg…

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