In 2019, VSMPO-Avisma increased revenue from 89069 million rubles to 90128 million rubles, or by 1.2% YoY. Sales profit dropped by 25%, to 23807 million rubles. Net profit grew by 23.8%, to 23264 million rubles. EBITDA increased by 6339 million rubles, to 34494 million rubles. The corporation paid 7900 million rubles of taxes last year.…Details
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In December 2019, Russia imported 14.2 thousand tons of ferrosilicomanganese, down by 9% MoM and by 30% YoY. Deliveries from Georgia decreased from 7.1 thousand tons to 5.5 thousand tons and from Kazakhstan – from 7.5 thousand tons to 7.1 thousand tons. In 2019 imports totaled 179 thousand tons, down by 7% YoY, with value…Details
In December 2019, Russia exported 10.3 thousand tons of ferrochrome, up by 18% MoM and by 30% YoY. Deliveries to the Netherlands remained unchanged at 6.7 thousand tons, but to Japan grew from 20 tons to 2.3 thousand tons. In 2019 exports totaled 119 thousand tons, up by 19% YoY. Value of exports dropped by…Details
In 2019, MMK Group’s shipments to the Russian market, including MMK-Lysva Metallurgical Plant, amounted to more than 8.3 million tons of metal products, up by 8% YoY. Denis Chernenko, Head of MMK’s Marketing Department spoke about this at the 13th Russian Conference “Regional Metal Trade of Russia” in Sochi. Shipments of hot-rolled steel accounted for…Details
It is planned to increase the tax rate on income of mining and processing enterprises by three percent, if they sell and process gold outside the republic. The Government put forward the initiative. The Ministry of Economy notes that the proposed amendments to the Tax Code will streamline the management of taxation of income of…Details
Threat of coronavirus does not affect price of gold in Azerbaijan According to forecasts and researches of international financial institutions, prices of precious metals in Azerbaijan remain stable amid rising prices in the world associated with the threat of coronavirus, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov has said at a company’s…Details
AzerGold CJSC, Azerbaijani leading mining company, plans to start mining at the Aghyokhush and Marah ore fields, discovered by the company geologists, in 2021, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov said at the company’s press conference on the results of 2019. Ibrahimov added that the potential of reserves of the Aghyokhush…Details
Turkey’s steel exports to Uzbekistan decreased in January, the Turkish Trade Ministry reported. Turkey steel exports to Uzbekistan exceeded $3.2 million in January, down by 38.72% YoY. Steel exports from Turkey to Uzbekistan decreased by 14.8% YoY in 2019, to $56.8 million. (Trend/Ukrainian metal)Details
The volume of gold extracted in Azerbaijan last year compared to the results for 2018 increased by one fifth (21.3%) and silver – by one third (33.2%), Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, said at the company’s press conference on the results of 2019. Despite that last year the company planned…Details
AzerGold CJSC, an Azerbaijani company that extracts, processes and sells gold and silver, plans to start mining at the Chovdar ore field as part of the surficial (sulfide) phase, Chairman of the Executive Board of AzerGold Zakir Ibrahimov has said at a company’s press conference on the results of 2019. Ibrahimov added that the confirmed…Details
Among the EAEU members Armenia is leading by the growth in mining industry and the industrial sector. In 2019 the industry grew by 9%, and the mining sphere – by 23.9%. Kyrgyzstan demonstrated the industry growth of 6.9% and mining – 11.8%. It is followed by Kazakhstan (3.8% and 3.7% respectively), Russia (2.4% and 3.1%)…Details
In 2019, stainless steel consumption in Russia increased by 27 tons YoY, to 497807 tons. Compared with 2017 the result grew by 5.5%. In Q1 2019 stainless steel consumption went up by 0.8% YoY, in Q2 it decreased by 6.7%, in Q3 – by 0.5%, but in Q4 grew by 6.4%. Flat cold-rolled metal consumption…Details
In 2019 coal output in Buryatia increased by 35.4% YoY, to 7.161 million tons. Nikolskoye coal deposit, developed by Razrez Tugnuiskiy, accounted for the largest volumes. The company extracted 4.332 million tons of coal, up by 89%. Until 2021 the company intends to start mining 16 to 18 million tons of coal per year due…Details
In January railroad transportation of iron and manganese ore as well as ferrous metals grew by 10.8% and by 2.5%. At the same time transportation of coke dropped by 23.4% and scrap – by 22.7%. According to the State Statistics Service, 6.9 million tons of iron and manganese ores were transported, 2 million tons of…Details
The 6th Court of Appeals has satisfied the claim of the Office of large taxpayers and canceled the decision of the Kyiv District Court dated December 2, 2019, which has satisfied the claim of Alchevsk Iron and Steel Works to the Office to return 582 million UAH of profit tax overpayment. The overpayment accumulated in…Details
About 200 miners of the Dzidziguri mine have gone on a strike in Tkibuli region of western Georgia earlier today after the employer demanded they use the tunnel of Mindeli mine to reach their regular work site, which they say “takes too much time and effort”. The miners said that the alleged reason for the…Details
In 2019 the Republic of Buryatia exceeded gold output plan by 15.9%. The region yielded 5562.5 kg of gold with the target being 4800 kg, or up by 6% YoY. Alluvial gold output totaled 499 kg, up by 24.9%. Ore gold yield grew by 5.6%, to 3063.5 kg. (Ukrainian metal)Details