Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in the second quarter of 2017. In the first six months of 2017, KGC produced 266,023 ounces or 8274.25 kg of gold and contributed more than 4.7 billion soms in taxes and mandatory payments. During the second quarter of 2017,…
Kazakhstani coal will be supplied to Bishkek HPP by the intermediary company – Rassvet Company LLC. Only one local company applied for participation in the tender. Rassvet Company has been providing the heating plant with imported fuel for several years. The procuring entity allocated 1 billion 620 million soms for the purchase of Kazakh coal.…
In January-July the major pipe companies produced 602.9 thousand tons of ferrous pipes, up by 29.2% YoY, including 102.1 thousand tons in July. Ukrtruboprom enterprises produced 403.6 thousand tons of pipes, up by 36.9% (67.5 thousand tons in July). Khartsyzsk Pipe Works, situated on the Ukraine-uncontrolled territory, produced 3.4 thousands tons of pipes, up from…
In June Russia exported 541 thousand tons of pig iron, up by 38% MoM, but down by 14.8% YoY. According to the customs statistics, in H1 pig iron exports totaled 2.25 million tons, down by 15% YoY. This is also the lowest export level in the past 4 years. At the same time export revenue…
In 2016 KVV Liepajas metalurgs received 26.145 million euro of net losses, up from 8.366 million in 2015. The company income was 14.163 million euro against 69.356 million euro in 2015. The company stopped manufacture in 2013. In 2014 it was sold to Ukrainian investors, who resumed operation in 2015. But in September 2016 the…
ArcelorMittal has approved of several investment projects at ArcelorMittal Temirtau. In particular the company wants to construct a new air-separation block, assemble a ladle furnace No. 3 and new hydrogen electrolysis cells, etc. The total cost of the projects is $150 million. The projects will allow AMT to increase work efficiency, improve product quality and…
In January-July Azerbaijan obtained 3605 kg of gold, up 3.2-fold YoY. According to the State Statistics Committee, in July gold output totaled 480.2 kg. In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15% YoY. (Ukrainian metal)
In January-July Chukotka Autonomous District mined 257.68 thousand tons of coal, down by 23% YoY. In particular Beringpromugol mined 130.5 thousand tons of coal at the Fandyushkinskoye Pole deposits. (Ukrainian metal)