In January-September Seligdar received 950.26 million rubles of net profits, up by 14% YoY. According to the company statement, its EBITDA decreased by 5.1%, to 3.111 billion rubles, while profits before taxation grew by 13.8%, to 1.193 billion rubles. Revenue increased by 6.1% YoY, to 8.333 billion rubles, with gold sales revenue down by 1.5%,…Details
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In November average daily output of iron ore raw materials increased from 132.1 thousand tons to 150.1 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, in November Ukraine produced 6234 thousand tons of iron ore raw materials, up by 303.7 thousand tons MoM. Since the start of the year output has decreased by 1.46 million…Details
In November Ukraine exported 2721 thousand tons of iron ore raw materials, down by 8.3% YoY, or by 247 thousand tons. According to the state enterprise Ukrpromvneshexpertisa, since the beginning of the year Ukraine has exported 34.4 million tons of iron ore raw materials, down by 1.5 million tons YoY. Deliveries to Slovakia increased the…Details
In October Russia exported 34.3 thousand tons of steel pipes to Finland, down by 49% MoM and by 41% YoY. In January-October steel pipe exports grew 7-fold YoY, to 555.8 thousand tons. Vyksa Iron and Steel Works accounts for 56% of exports, and ChTPZ – 38%. Large diameter pipes account for around 97% of all…Details
In 2020 AzerGold plans to finish the above ground (oxide) development of its Chovdar deposits. After that, in 2021, the underground development stage will begin. Soon the company will also start drilling at the Ortakend site of the Goydag-Alindzha ore field. (Ukrainian metal)Details
Saint Petersburg hosted a meeting of the Gazprom chairman Alexei Miller and TMK chairman Dmitry Pumpyansky. They discussed current issues and the prospects of cooperation development. In particular, creation of new products for Gazprom. In December 2014 Gazprom and the major Russian pipe producers signed cooperation agreements for 2015-2020. In October 2016 they were reviewed…Details
The Magadan region enterprises intend to obtain 37 tons of gold in 2018. “That’s an ambitious goal. This year the miners set a goal of 31 tons, but have already mined 32 tons. In March next year we will meet to set the goals for the year and see if they are realistic”, the regional…Details
The Abagurskaya Processing Factory of Evrazruda has started the project to increase the milling site output. Four ball mills will be replaced with more efficient ones, and another mill will be added. Assembly work will end in summer 2018. Investments will total 140 million rubles. Modernization will increase the milling of the primary concentrate by…Details
PJSC MMC Norilsk Nickel announces the signing of a 5-year $2.5 billion facility agreement with the syndicate of international financial institutions. Taking advantage of the current market conditions the company achieved favorable terms of the syndicated loan supported by the considerable demand from a number of American, European and Asian banks. The proceeds will be…Details
The Cabinet of Ministers has provided the state enterprises Pervomayskugol, Selidovugol, Toretskugol and the Mine named after Surgay with state guarantees on loans for investment projects. The state guarantee is given to cover the main sum, interest and commissions. The payment for the state guarantee is 0.001% of the volume unpaid. Pervomayskugol borrows 276.21 million…Details
In January-October Russia supplied 2.9 million tons of steel products to Taiwan, up by 15.5% YoY and the highest result in the history of deliveries there. Semi-finished products of non-alloyed steel account for 90% of all exports. Taiwan’s share in Russia’s exports has reached 23%. Bars and sections account for around 7% of the exports.…Details
In January-October Russia exported 200.8 thousand tons of rails, up by 19% and the highest result in the past 7 years. Pakistan was the main importer of Russian rails – 39.4 thousand tons, up 6-fold. Belarus imported 31.4 thousand tons, up 2.4-fold, followed by South Korea (21.8 thousand tons, up by 75%). For the first…Details
The Prime Minister of Ukraine Vladimir Groysman supports the finishing of the Novovolynskaya Mine No. 10 construction in Volyn region. “The mine has to be constructed. That’s some 400-500 million UAH”, he said. The construction began in late 1980-s, and was actively resumed in December 2007. As of early 2013 the construction was 87% complete,…Details