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

Kazakhstan to supply uranium to UAE

Kazatomprom National Atomic Company JSC and Emirates Nuclear Energy Corporation (ENEC, UAE) have inked a Memorandum of Understanding in Astana. The aim of the memorandum is to establish mutually beneficial cooperation between Kazakhstan and the United Arab Emirates in terms of peaceful atom and energy industry. In addition, the memorandum reflects the intentions to supply…

Details

Russia: railroad deliveries of rolled metal to construction companies down in August 2017

In August direct supplies of rolled steel to housing-construction and ferroconcrete structures manufacturing companies totaled 19.2 thousand tons, up by 2.9% MoM, but down by 15.2% YoY. According to the railroad statistics, in July the indexes were +5.2% and –30% respectively, and in June –37.2% and –3.4%. In January-August construction companies received 180 thousand tons…

Details