Ukraine: AMKR invests 500 million UAH into in 2019

ArcelorMittal Kriviy Rih summarized results on safety in 2019. During last year company investments into labor and industrial safety increased by a fourth compared to 2018 and amounted to 503,4 million UAH. Expenditures on each employee exceeded 25 thousand UAH. The company will continue investing into improvement of work conditions, supply of overalls and safety…

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Ukraine: AMKR invests $415.4 million in production development in 2019

ArcelorMittal Kriviy Rih, the biggest mining and steel plant in Ukraine, summed up the implementation of its investment program for 2019. Last year the company invested $415.4 million in the development of production. Of these, operating costs amounted to $116 million, and capital – to $299.4 million. 2019 was a difficult year for all plants…

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Russia: SUEK IFRS net profit down in 2019

The net profit of Siberian Coal Energy Company (SUEK) plunged by 39.3% YoY, to $706 million in 2019, as calculated under International Financial Reporting Standards (IFRS). Revenue fell by 9%, to $7.547 billion mainly due to contraction of global coal prices. Revenue from exports of coal went down by 15%, to $4.877 billion, with international…

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