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)
DetailsIn 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%…
DetailsAs 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…
DetailsIn 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)
DetailsIn 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,…
DetailsUntil 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…
DetailsThe 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…
DetailsAn 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.…
DetailsThe Severopeschanskaya coal mine in Sverdlovsk region town of Krasnoturyinsk collapsed on August 15 killing one miner and injuring another, a spokesperson for the Emergency Ministry’s local branch reported. The injured miner was delivered to hospital, but refused to be hospitalized. The mine is operating in its usual mode. (Prime/Ukrainian metal)
DetailsThe prices of precious metals decreased except for palladium on August 15, according to the data published by the Central Bank. The price of gold dropped by 12.716 manats, to 2,019.2005 manats per ounce on August 15, compared to the price on August 14. The price of silver fell by 0.151 manats, to 25.4363 manats…
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