Metinvest is carrying out a process to liquidate Donetskkoks situated in the temporarily occupied territory of Donetsk region. On December 27 the extraordinary meeting of the company shareholders will hear the liquidator’s report. The decision to liquidate the company was taken by the Donetskkoks shareholders on March 29. (Ukrainian metal)
Russia’s gold production rose by around 3.4% YoY, to 243.06 tons in January-September, the Union of Gold Producers of Russia said on December 11 in a statement. Mined gold production increased by 3.4%, to 194.857 tons, while by-product gold production fell by 12.8%, to 11.689 tons, gold scrap production went down by 3.8%, to 25.103…
Gold and platinum prices decreased on December 11, while silver and palladium prices increased, according to the Central Bank. The price of gold dropped by 4.352 manats, to 2,119.2625 manats per ounce on December 11 compared to the price on December 10. The price of silver grew by 0.0076 manats, to 24.8204 manats per ounce.…
Raw copper and copper alloys exports in January-September dropped by 6% money-wise and by 17% volume-wise, all YoY. In 10 months Kazakhstan mined 85.5 million tons of copper ores, up by 5.4% YoY, 10.4 million tons of copper concentrate, up by 10.9%, and 4.1 million tons of copper-zinc ores, down by 1.7%. Kazakhstan is the…
The arbitrary court of Chelyabinsk region has received a claim from Zlatoust Electrometallurgical Works to Volgograd Iron and Steel Works Krasniy Octyabr. The volume of the claim is over 3 billion rubles. The details are not disclosed. (Ukrainian metal)
The minority shareholders of Belon demand MMK, owning over 95% in the company, to buy coal assets and not reorganize them. They also estimate the company losses at 10.7 billion rubles ($160 million). The reorganization was carried out in 2015-2017. The minority shareholders, who have filed the claim, hold 1.3% in Belon. MMK entered the…
Vismut has postponed the construction of a mining and processing works at the gold-ore deposit of Zheleznyi Kryazh in Zabaikalye region to 2019. The company intended to start constructing the GOK in late 2018. The reasons of the delay are not disclosed. At the same time, the company retains the license and is not planning…
The arbitrary court of Saratov region will hear the case of the Balakovo Metal Structures Works. The claim came on May 22 from the Yaroslavl-based Remindustria. On November 23 the claim was declared valid. The court will sit on March 13, 2019. (Ukrainian metal)
