Russia Metals and Mining

Net profit of Nordgold fell by 3% to $39.8 mln in Q1

The net profit of Nordgold under IAS in Q1 2017 fell by 3% against Q1 2016 to $39.8 mln, the company reports.
The revenue in Q1 grew by 17% to $293 mln.

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Darasunsky Mine to be closed by decision of managing company

Darasunsky Mine (included in Yuzhuralzoloto Group of Companies) in the Trans-Baikal region will be closed because of loss of the production.

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Russia: since the beginning of the year, production of pipes grew by 7.5%, rolled metal – by 2.1%

In January-April 2017, the Russian metallurgical enterprises produced 17.4 million tons of pig iron (mirror and processed in pigs or other primary forms). The growth in annualized volumes is 0.2%.

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Export of Russian flat rolled metal is still high

In March of this year, according to customs statistics, the export of Russian flat rolled non-alloy steel amounted to 774.6 thousand tons, which is by 1.2% less than the level of February.

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Vysochayshy to get ready for the IPO by spring 2018

Vysochayshy PSJC (GV Gold) intends to prepare for a possible entering the stock exchange by the spring 2018, CEO of Vysochayshy, G. Pikhoya, said.

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In Q1 of 2017, TMK shipped 850 thousand tons of steel pipes

TMK’s regional sales director O.

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Cocking coal mining in Kuzbass stabilizes

In January-April 2017, coal companies of the Kemerovo region produced 77.3 million tons of coal, which is by 8% more than in the four months of 2016, the press centre of the regional administration

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Since the beginning of the year, Vostochny port handled 8 mln tons of coal

In April of the current year,the Vostochny Port shipped 2.29 million tons of coal from its berths, which is by 42% more than in April of the previous year.

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Evraz shipped rolled products to ZapSibNeftechem

The sales enterprises of Evraz have shipped over 10,000 tons of flange beams for the construction of ZapSibNeftechem. In 2017 Evraz plans to go on with the supplies for the project.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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