Ukraine sees almost 1.6-fold rise in coal imports in Jan-March

MINEX Forum | April 6, 2018
img0 Ukraine in January-March 2018 imported 5.746 million tonnes of coal and anthracite (foreign economic activity code 2701), a rise of 57.6% year-over-year. According to the State Fiscal Service, coal was imported for the amount of $760.468 million, which is 33.5% more than in January-March 2017 ($569.631 million). The Russian Federation supplied coal for $472.397 million ...

The move to EVs will take time

MINEX Forum | April 6, 2018
img0 The move to EVs will take time, but the shift in commodity demand will be ‘dramatic’ – Gareth Penny In a comprehensive interview with Andrea Hotter in the April 2018 issue of Metal Market Magazine, Norilsk Nickel chairman Gareth Penny gave his predictions for electric and hybrid vehicle growth and how the company will move ...

Rusal’s Deripaska may become Norilsk’s board member

MINEX Forum | April 6, 2018
img0 Russian tycoon Oleg Deripaska, who for years wanted to obtain control over Norilsk Nickel, may become a board member of the company, Kommersant daily says, citing sources familiar with the matter. Deripaska’s Rusal aluminium producer owns a 27.8 percent stake in Norilsk Nickel, Russia’s mining giant. Norilsk’s board to consider new board members on April ...

Mechel Reports the 2017 Financial Results

MINEX Forum | April 6, 2018
img0 Consolidated revenue – 299.1 bln rubles (+8% compared to FY2016) EBITDA* – 81.1 bln rubles (+23% compared to FY2016) Profit attributable to equity shareholders of Mechel PAO – 11.6 bln rubles Mechel PAO, a leading Russian mining and steel group, announces financial results for the full year 2017. Mechel PAO’s Chief Executive Officer Oleg Korzhov commented: “The 2017 financial results exceeded those ...

Investment in geological exploration and extension of Kumtor mine life planned

MINEX Forum | April 6, 2018
img0 According to the Public Relations and Media Department of the Government of the Kyrgyz Republic, Prime Minister Sapar Isakov met with the Director of Centerra Gold Inc. Scott Perry. They discussed the prospects of the company’s development and expressed interest in deepening cooperation. The head of government noted that the Kyrgyz Republic and Centerra Gold ...