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Daily Archives: 05.11.2018

Ukraine: Azovstal steel output down in January-October 2018

Azovstal Iron and Steel WorksBy admin05.11.2018Leave a comment

In January-October Azovstal produced 3.285 million tons of rolled metal, up by 4.4% YoY. Steel output dropped by 4%, to 3.424 million tons, but that of pig iron grew by 0.9%, to 3.149 million tons. In October Azovstal produced 249 thousand tons of rolled metal, 255 thousand tons of steel and 255 thousand tons of…

Russia: Mangaseia gold output up in January-September 2018

goldBy admin05.11.2018Leave a comment

Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to…

Russia: KMZ output up in January-October 2018

Kosaya Gora Iron and Steel WorksBy admin05.11.2018Leave a comment

In January-October Kosaya Gora Iron and Steel Works increased ferromanganese sales by 2.3 thousand tons YoY, to 53.6 thousand tons. In 10 months the company produced 62 thousand tons of ferromanganese, up by 9.1 thousand tons. (Ukrainian metal)

Russia: Rusal net profit up in January-September 2018

RusalBy admin05.11.2018Leave a comment

In January-September Rusal received $1.549 billion of net profit, up by 98.1% YoY. The corrected net profit grew by 20.1%, to $873 million. Revenue reached $7.915 billion, up by 9.6%. In Q3 net profit increased by 46.3% QoQ, to $597 million, with corrected up by 55%, to $448 million. Revenue reached $2.918 billion, up by…

Ukraine: VAT reimbursement in October 2018

VAT reimbursementBy admin05.11.2018Leave a comment

In October Mariupol Ilyich Iron and Steel Works ascended to the first place among the largest VAT receivers. The company was reimbursed 761.7 million UAH as opposed to 669.4 million UAH in September (second place). According to the State Treasury Service, Zaporizhstal received 486.7 million UAH (616.8 million in September) and Nikopol Ferroalloy Plant –…

Azerbaijan: precious metal prices vary on November 5, 2018

precious metalsBy admin05.11.2018Leave a comment

Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…

Azerbaijan: Central Bank gets over 400 kg of gold from Switzerland for storage

goldBy admin05.11.2018Leave a comment

The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…

Georgia: work suspended at mines due to safety inspections

miningBy admin05.11.2018Leave a comment

A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…

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