In 2019, Kurilgeo LLC, developing gold sites in Sakhalin, received 3.5 billion rubles from the sales, on par with the previous year results. Net profit decreased by 6.4%, to 971.8 million rubles. Tax payments exceeded 1.4 billion rubles, including 1.1 billion rubles of profit tax. Last year, the company produced 1106 kg of gold, down…Details
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Ferrexpo has decided not to apply for tax holidays and will pay taxes to all budgets during the pandemic in full. This decision is aimed at supporting territorial communities to allow them not to cut social programs and have an opportunity to transfer additional funds to health sphere. “We understand, that what we pay to…Details
In March, Ukraine decreased steel output by 10.3% YoY, to 1.765 million tons, but was able to go from the 13th position to the 12th in the world steel rating. In Q1, Ukraine went up from the 12th position to the 11th. In March, 64 countries produced 147.054 million tons of steel, down by 6%…Details
In 2019, Priisk Ust-Kara, developing alluvial gold deposits in Zabaikalye region, increased net profit 2.7-fold, to 553.9 million rubles. Revenue grew from 1587.3 million rubles to 2546.1 million rubles. Sales profit increased 2-fold, to 685.9 million rubles. Last year the company extracted 863 kg of gold. This year the output is expected to remain at…Details
In January-March, Ukraine imported 258 thousand tons of limestone, down by 67% YoY. Lime imports, at the same time, grew by 13%, to 17 thousand tons. The decrease in import is due to the drop of demand from metal companies, the main customers. Steel industry accounts for two thirds of overall consumption. This year, limestone…Details
In January-March, metal companies produced 4.62 million tons of rolled metal, up by 1.8% YoY. Some 3.96 million tons, or 85.6%, were exported. In Q1 2019, the export share was 89.7% (4.07 million tons out of 4.54 million tons). Semi-finished products accounted for 51.89% of exports (44.9% in Q1 2019), flat rolled metal – 30.31%…Details
In February, Russia imported 289 tons of unrefined copper, up by 69% MoM and by 154% YoY. Kazakhstan delivered all copper. Price dropped from $13.8 to $13.4 per kg. In January-February, exports totaled 460.7 tons, up 2-fold YoY. In monetary terms exports have grown by 112%. (Ukrainian metal)Details
In January-March, domestic companies received 918.7 thousand tons of rolled metal, including 255.7 thousand tons (27.8%) of imported metal. In Q1 2019, domestic market received 764.1 thousand tons of metal, including 297.1 thousand tons (38.9%) of imported metal. Thus, in Q1 metal consumption grew by 20.2%, while the import share dropped by 11.1%. (Ukrainian metal)Details
PJSC Interpipe Nyzhniodniprovsky Pipe Rolling Plant (Dnipro) has built and commissioned a new warehouse at the export site of the company’s wheel-rolling shop, investing $271,000 in the project. According to the quarterly report of the company, at the beginning of 2020, Interpipe plant provided itself with an additional warehouse for finished products, and a collection…Details
The volume of Azerbaijan’s gold and silver mining industry increased by 23% and by 72% YoY respectively in January-March, the State Statistics Committee reported. Thus, gold mining increased by 23%, to 948.3 kg, while silver mining amounted to 1,193 kg (+73%). The extracted gold and silver have been transferred for processing. As of April 1,…Details
Zaporizhstal is operating normally, the press-service has reported commenting on information in media about an accident at the blast furnace. Two furnaces of the blast furnace shop operate in normal mode – Nos. 3 and 4. The blast furnaces No. 2 has been shut down for scheduled repairs. The repair of the blast furnace No.…Details
Metinvest is preparing to start constructing an oxygen machine at Mariupol Ilyich Iron and Steel Works. “Despite coronavirus and quarantine, Mariupol Ilyich is modernizing its machinery – the company is preparing to construct an air-separation complex. It will consist of an air-separation machine with the storage of liquid oxygen and gasification station. The capacity of…Details
Dneprometiz has launched manufacture of galvanized steel wire after reconstruction of the corresponding mill. “We have bought new machinery and commissioned it”, the sales department specialist Pavel Petrenko has reported. The new machinery allows producing steel wire with zinc coating of A, AB, B, C and D classes in the diameter of 0.8 to 9…Details