Ukraine: UAVtormet CEO replaced

Yuri Derkach has been appointed the acting CEO of the Ukrainian Association of Secondary Metals. Previously he worked in the Ministries of industrial policy and economical development and trade until his retirement. The previous UAVtormet CEO Nikolai Tarapurov retired. The final decision on the CEO appointment will be taken at the association meeting in November.…

Details

Russia: Russian Platinum results for January-August 2017

The Amur artel obtained 942 kg of platinum, including 276 kg in August.

The Amur Zoloto ore deposits yielded 727.2 kg of gold and 481 kg of silver.

The Buor and Ulakhan alluvial gold sites produced 295 kg of gold.

The total gold output in January-August reached 1028.6 kg. (Ukrainian metal)

Russia: ferrous metals throughput in seaports down in January-August 2017

In January-August the throughput of Russian seaports increased by 10.4% YoY, to 517.3 million tons.

According to the Association of sea trade ports, coal throughput totaled 102.7 million tons, up by 15%, while that of ferrous metals – 18.7 million tons, down by 1.5%. (Ukrainian metal)

Russia: Petropavlovsk net profits up in H1 2017

In January-June Petropavlovsk received 1.4 billion rubles ($24.5 million) of net profits, up 2.7-fold. Revenue increased by 19.7%, to 17.38 billion rubles ($304 million). EBITDA grew by 30% YoY, to 6.52 billion rubles ($114 million), despite the strengthening of the ruble, which increases Russian gold miners’ expenses when converting to dollars. Gold output in H1…

Details

Russia: Kurchenko’s company exporting metal produced on occupied territories of Ukraine

Gaz-Aliance Company LLC (Nizhny Novgorod), controlled by the fugitive Ukrainian entrepreneur Sergey Kurchenko, from the ex-president Victor Yanukovich gang, in July-August exported $70.6 million worth of pig iron and other metal products, produced by the metal companies, seized in February-March by the Russia-supported militants on the occupied areas of Lugansk and Donetsk regions. In late…

Details