R.V. Investment Group Services LLC, subsidiary of Anglo Asian Mining (ААМ), gold, copper and silver producer in Azerbaijan, has been in discussions with the Azerbaijani government and other parties in relation to the possible sale of the company’s shares. Such discussions are preliminary and no terms have been discussed or agreed upon. There can be…
Ukrainian Mining Company plans to mine iron ore at the Severniy quarry of the Saksaganskoye deposit. Mariupol Ilyich Iron and Steel Works stopped using it a month and a half ago. The company license expired on July 7, while it stopped mining ore from July 1. (Ukrainian metal)
In June Russia exported 582.6 thousand tons of flat steel, down by 9.9% MoM and by 26% YoY. According to the customs statistics, exports have been falling since January. In 6 months Russia exported 3.83 million tons of flat steel, down by 14.4% YoY. Turkey accounted for 27% of exports, down by 27.3%. The share…
In January-July Metalloinvest received $3,854 million of revenue, down by 5.2% YoY. EBITDA dropped by 5.4%, to $1,410 million. Net profit grew by 17.2%, to $1,020 million. Net debt increased by 6.6%, to $3,581 million compared with December 31, 2018. The group mined 19.7 million tons of iron ore, down by 1.8%, and produced 14.1…
As of August 1 Chukotka Autonomous District has extracted 295 thousand tons of coal. 11 teams were extracting alluvial gold, having obtained 957.2 kg. 5 more companies mined 13.27 tons of ore gold. Silver output totaled 63 tons. The largest extractor was Chukotka Mining and Geological Company – its Kupol deposit output since the start…
Karelsky Okatysh has shut down its manufacture for 60 hours to carry out scheduled repairs. Concentrate and pellets manufacture saw the most of repairs, as they could have been carried out only when the plant was shut down, and the water used in the production was switched off. The company has replaced a transformer substation.…
In June Ukraine exported 40 thousand tons of semi-finished steel products to Russia, up by 40% MoM. In June 2018 exports did not exceed 2 tons. In January-June Ukraine exported 266.6 thousand tons of semis, up 2.45-fold YoY. Average price on Russian border was $402.8 per ton without VAT. (Ukrainian metal)
In January-June Russia exported 1.7 million tons of pipes valued at $808 million, down by 26% and by 51% YoY respectively. According to the customs statistics, Kazakhstan remains the main importer of Russian pipes, accounting for 41.6%, up 2.6-fold. It is followed by the US (15.7%, up 1.7-fold) and Belarus (11%, down by 1.6%). The…
