Norilsk Nickel net profit fell by 30%

MINEX FORUM | August 15, 2017
img0 PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, reports IFRS financial results for six months ended June 30, 2017. 1H2017 HIGHLIGHTS Consolidated revenue increased 11% y-o-y to USD 4.2 billion primarily owing to higher realized metal prices; EBITDA was down 3% y-o-y to USD 1.7 billion primarily owing to ...

Glencore transforms business to meet electric vehicle demand

MINEX FORUM | August 11, 2017
img0 Miner and commodities trader Glencore (LON:GLEN) raised its revenue and profit outlook for the year on Thursday with the Swiss company citing the fast-growing electric vehicle market as a key driver, said mining.com. “Most automotive players are now accelerating investment in/adoption of electric vehicle technologies, reflecting, in part, increasingly aggressive Government mandates around emission targets. Growth ...

EVRAZ increased its net profit by 12 times

MINEX FORUM | August 10, 2017
img0  Image:titanium-chemical_com EVRAZ plc (LSE: EVR) announced its unaudited interim results for the six months ended 30 June 2017 . HIGHLIGHTS Strong free cash flow of US$549 million (H1 2016: US$102 million). Continued reduction in net debt: US$4.3 billion (FY2016: US$4.8 billion). Cost saving of US$63 million due to ongoing productivity improvements and cost-cutting initiatives. Consolidated ...

EuroChem shifted towards complex products

MINEX FORUM | August 10, 2017
img0 EuroChem Group AG (“EuroChem”) a leading global fertilizer company, reported consolidated sales for the second quarter of 2017 of $1.06 billion, 5% higher than in the corresponding period of 2016. The second quarter’s performance lifted sales for the first six months of 2017 to $2.40 billion, 6% above the $2.27 billion in sales realised during ...

Azarga Uranium found buyer for Kyrgyz uranium propety

MINEX FORUM | August 3, 2017
img0 Azarga Uranium announced that its 70% controlled subsidiary, UrAsia in Kyrgyzstan Limited Liability Company (“UrAsia”), has executed an earn-in agreement (the “Agreement”) with Mining Investment Company Alliance (“Alliance”). The Agreement provides Alliance with an earn-in option to acquire a 100% interest in UrAsia’s Kyzyl Ompul Project in the Kyrgyz Republic in exchange for project consideration ...

Norilsk Nickel reduced nickel production by 15% due to decrease of third parties delivery

MINEX FORUM | July 31, 2017
img0 PJSC MMC Norilsk Nickel, the largest refined nickel and palladium producer in the world, announces preliminary consolidated production results for the second quarter and the first half of 2017. First Vice-President – Chief Operating Officer, Sergey Dyachenko commented on the 1H17 production results: «In 2Q17 our platinum group metals (PGMs) production increased substantially owing to ...