Coal Energy S.A. in July mined 10.536 thousand tons of coal. This was down by 1.8% YoY and by 13.3% MoM. Coal Energy unites 10 coalmines, as well as other assets. The company business suffered considerably because of the military activities in Donbass. (Ukrainian metal)Details
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The suggested measures to levy more taxes from metal companies will result in the disappearance of the reason to modernize manufacture and increase labor productivity, as well as reduce investment funds. According to the letter of Severstal owner Alexei Mordashov to the minister of industry and trade Denis Manturov, the group will decrease investment program…Details
PJSC ArcelorMittal Kriviy Rih started an active stage of civil works for installation of new equipment of light-section mill No. 250-4. The reconstruction of light-section mill is one of the most extensive at rolling department in the last 20 years. That is one of key projects of the company’s investment program for modernization of production…Details
In January-July Zaporozhye Ferro Alloys Plant decreased output by 7.9% YoY, to 143.5 thousand tons. In particular, silicomanganese manufacture dropped by 3.4%, to 70.62 thousand tons, ferrosilicon – by 14.5%, to 46.28 thousand tons and ferromanganese – by 6.9%, to 22.14 thousand tons. Metallurgical manganese output fell by 9%, to 4.46 thousand tons. (Ukrainian metal)Details
In April-June Tulachermet received 2.03 billion rubles of net profit, up from 434 million rubles in Q1. Consolidated net profit in H1 exceeded 2.46 billion rubles, as opposed to the net loss of 896 million rubles in H1 2017. Revenue in 6 months reached 29.07 billion rubles, up by 24% YoY. In Q2 the company…Details
In January-June Sinarsky Pipe Works received 337.76 million rubles of net profit, down 3-fold YoY. Net profit in Q2 exceeded 243.7 million rubles, up from 94 million rubles in Q1. Revenue in H1 reached 21.44 billion rubles, up by 16% YoY. In Q2 revenue increased by 5% QoQ, to 10.98 billion rubles. (Ukrainian metal)Details
In April-June the Electrostal Metallurgical Works received net profit of 54.7 million rubles as opposed to 562 million rubles of net losses in Q1. Still, in half a year the company saw the net loss of 507.06 million rubles (158 million rubles of net profit in H1 2017). Revenue in 6 months dropped by 6%…Details
As of August 1, Magadan region yielded 18905 kg of gold and 417.4 tons of silver. Gold output increased by 3008.6 kg YoY, with silver output up by 12.7 tons. Tenkinskiy town district was the leader in ore gold output (6678.4 kg), with Susuman town district leading in alluvial gold manufacture (3196.6 kg). Alluvial gold…Details
In January-July Nikopol Ferroalloy Plant increased output by 8.6% YoY, to 469.88 thousand tons. In particular, silicomanganese manufacture grew by 14.6%, to 442.73 thousand tons, but ferromanganese production fell by 54.7%, to 20.85 thousand tons. The output of other ferroalloys grew 18-fold, to 6.3 thousand tons. (Ukrainian metal)Details
In January-July Ferrexpo produced 6.007 million tons of pellets, up by 2% YoY. At the same time concentrate output dropped by 2.1%, to 7.244 million tons. In July the company produced 912 thousand tons of pellets and 1.085 million tons of concentrate. In Q2 Ferrexpo was carrying out repairs of the pellets line No. 1,…Details
Until the end of the year the Kapitalnaya mine of the state enterprise Mirnogradugol, the Kurakhovskaya mine of the state enterprise Selidovugol and the Yuzhnodonbaskoye No. 1 Mine Group will put new long faces into operation. “The government has this year transferred 341 million UAH for the modernization of coal mines”, the vice-prime minister Vladimir…Details
The prices of precious metals decreased on August 16, according to the data published by the Central Bank. The price of gold decreased to a 20-month low, by 23.528 manats, to 1,995.6725 manats per ounce on August 16 compared to the price on August 15. The last time the price of gold was below 2,000…Details
An overall production of unwrought gold and semi-processed gold or in powder form reached 53,432 kg in January-July, up by 9.7% YoY, Statistics Committee of the National Economy Ministry of Kazakhstan reports. In the accounting period gross output of unwrought and semi-processed silver or in the powder form made 575,426 kg, down by 9.6% YoY.…Details