Russia: Polymetal to develop Tomtor

Polymetal intends to enter the development of the Tomtorskoye rare-earth metals deposit in Yakutia. According to the chairman Vitaliy Nesis, the board will discuss the issue in December. Before making its choice, Polymetal has looked at several other projects, including Chuktukon in Krasnoyarsk region and Belozimenskoye deposit in Irkutsk region, but had to stop at…

Uzbekistan: Uzmetkombinat exports up in January-August 2019

In January-August Uzbekistan Iron and Steel Works exported 275.6 thousand tons of metal products, up by 12.2% YoY. Ferrous metals accounted for the lion’s share of exports. Enamelware accounted for the rest. “At present the company exports to 8 countries. Afghanistan and Kazakhstan purchase rolled metal, Kyrgyzstan and Russia – copper and alloys products, Tajikistan…


Ukraine: Electrostal shut down

In September Electrostal produced 1 thousand tons of billets and once again shut down its manufacture because of the unfavorable market situation. In January-September output decreased 3.3-fold YoY, to 73 thousand tons. From January till mid-March the company was idle, but after it resumed operation it worked only at one third of its capacity, In…

Ukraine: coal imports down in January-September 2019

In January-September Ukraine decreased coal imports by 4.4% YoY, to 14.951 million tons valued at $2.089 billion, down by 4.7%. According to the State Fiscal Service, Russia supplied $1.217 billion worth of coal (58.27%), USA – $667.294 million (31.94%), Kazakhstan – $94.992 million (4.55%) and other countries – $109.626 million (5.25%). At the same time,…