In 2017 Chasov Yar Refractory Works decreased net profit by 25.8% YoY, or by 9.8 million UAH, to 28.26 million UAH. The company assets as of late 2017 totaled 314.68 million UAH, current liabilities – 19.616 million UAH, fixed liabilities – 14.809 million UAH and consolidated accounts receivable – 33.882 million UAH. In 2016 the…Details
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NLMK Group, an international steelmaking company, spent over 5.7 billion rubles on environmental projects and initiatives in 2017. Whilst steel output grew by 2% YoY in 2017, specific emissions at NLMK Group’s Russian companies decreased by 1.5%, to 20.5 kg per ton of steel, water consumption decreased by 8%, and the recycling rate was 86.9%.…Details
In February Kazakshtan produced 0.355 million tons of steel, down by 6.6% MoM, but up by 9.2% YoY. In 2 months steel output grew by 5.8%, to 0.736 million tons. Ferroalloys manufacture in February reached 0.154 million tons, up by 4.2% YoY, but down by 9.9% MoM. In January-February ferroalloys output increased by 3.2% YoY,…Details
The cost of gold increased by 1.59 manats to 2229.856 manats per troy ounce in Azerbaijan on March 19, according to the data published by the Central Bank. The cost of silver decreased by 0.25%, to 27.6662 manats per ounce, the cost of platinum decreased by almost 20.48%, to 1605.361 manats and the cost of…Details
In 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…Details
In January-February Severniy Mining and Processing Works increased pellets output by 1.6% YoY, to 1.431 million tons. Concentrate output grew by 12.8%, to 1.924 million tons. In February the company produced 595 thousand tons of pellets and 894 thousand tons of concentrate. In 2017 SevGOK decreased pellets output by 16.5% YoY, to 7.420 million tons,…Details
In 2017 MMK supplied 980 thousand tons of galvanized rolled metal to the domestic market, as well as 310 thousand tons of polymer-coated metal. According to the company statement, its share in the galvanized metal consumption reached 31%, and in polymer-coated metal – 15%. Exports of galvanized metal to far foreign countries last year totaled…Details
The state enterprise TALCO and its subsidiaries have signed 5 contracts valued at $460 million with Uzbekistan companies. In particular, Uzbekneftegaz will finance the commissioning of 200 electrolytic baths. The total cost of this agreement, to be carried out in 2018-2020, is $320 million. Krantas Group will help create a joint venture to produce automobile…Details
In January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY. According to the State Statistics Committee, in February gold output totaled 608.3 kg. Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY. Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)Details
In January zinc ore mining dropped by 19.6% YoY, to 39.5 thousand tons. Zinc concentrate output totaled 19.6 thousand tons, down by 22.5%. Lead-zinc ore mining also decreased – by 21.7%. And only copper-zinc ores output grew by 7.7%. Similar trend was observed in previous years as well. In 2016 Kazakhstan mined 324.8 thousand tons…Details
Severniy Mining and Processing Works, Central Mining and Processing Works and Ingulets Mining and Processing Works have announced the price of the forced share buy-out (squeeze-out). For CGOK the price was set at 3.89 UAH per share, for SevGOK – 4.45 UAH and for InGOK – 2.56 UAH per share. Metinvest owns 99.75098% in CGOK,…Details
As a result of a cave-in at the Gaysky GOK mine two miners were damaged. This is the third accident at the enterprise in a month. The employees are in the emergency clinic. The regional union promised to help. (Ukrainian metal)Details
The Siberian Mining and Metallurgical Alliance has decided to postpone the commissioning of the first stage of Ozernovsky Iron and Steel Works in Kamchatka for a month. Now the line with the capacity of 100 thousand tons of ore per year (2 tons of gold) will be put into operation in late April. “It is…Details