Azerbaijan: gold output down in 2016

In 2016 Azerbaijan mined 1894.1 kg of gold, down by 15% YoY. According to the State Statistics Committee, in December 2016 the country mined 133.5 kg of gold, all the gold was sent for processing. In 2015 Azerbaijan mined 2229.3 kg of gold, up by 19.1% YoY. At present Azerbaijan mines gold and silver at…

Russia: Mechel-Service sales up in 2016

In 2016 Mechel-Service, the metal trading company of Mechel, increased sales by 6% YoY. In particular, the company sold 1.9 million tons of metal. The growth was marked in rebars (by 6%), beams (by 24%), strips (by 31%), metal wares (by 5%), stainless steel (by 8%) and shaped sections (by 6%). Pipe sales showed the…

Russia: PMH output up in 2016

In 2016 the Industrial-Metallurgical Holding, the largest coke manufacturer and pig iron supplier in Russia, mined 2.21 million tons of coking coal, up by 16.8% YoY. According to the company statement, its coal concentrate production increased by 19.8% YoY, to 2.637 million tons, while that of iron ore – by 1.2%, to 5.023 million tons,…