In November 2019 Russia imported 32 tons of molybdenum including scrap, down by 20% MoM, but up by 40% YoY. Deliveries from China dropped from 28 tons to 23 tons, and from Germany – by 45%, to 6 tons. In 11 months of 2019 imports totaled 319 tons, up by 9% YoY. In monetary terms…
In 2019 Talco produced 100.8 thousand tons of aluminum, up by 5.8 thousand tons YoY. Last year the manufacturing process was slowed down by raw materials delivery delays from Turkmenistan. In particular, the company had to shut down 90 of its electrolysis baths. (Ukrainian metal)
Businessman Roman Trotsenko is raising his ownership in the mining business and can boost the stake Geopromining metals company to 98.51% by acquiring a stake from the current controlling shareholder Siman Povaryonkin. According to the Federal Antimonopoly Service, Cyprus-based Nakilep Overseas Limited controlled by Trotsenko has asked the agency to allow it to buy a…
Gold production of Polyus increased by 7% QoQ, to 804,000 ounces in October-December 2019, the company said in a statement. Revenue rose by 20%, to $1.277 billion, while an average gold price stood at $1,482 per ounce. In the whole of 2019, gold output increased by 16%, to 2.841 million ounces. Sales revenue rose by…
Gazprombank is interested in selling its 49% stake in the Elga coalfield to A-Property, a company of co-founder of telecom operator Yota Albert Avdolyan, Gazprombank’s press secretary Anton Trifonov reported on January 28. On January 27, a source said that A-Property asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga…
First President of Kazakhstan-Elbasy Nursultan Nazarbayev has held a meeting with Chairman of the Board of Kazatomprom JSC Galymzhan Pirmatov. Galymzhan Pirmatov briefed Elbasy on the results of the company’s work in 2019 and revealed its plan for the current year during the meeting. The Chairman of the Board highlighted the fact that Kazatomprom remained…
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of the Navoi Mining and…
Blagoveschensk Fitting Works has confirmed its correspondence to the international quality management system standard. The company QMS fully corresponds to the API Specification Q1 and ISO 9001:2015 requirements. BAZ received its first API certificate in April 2018, and had been confirming correspondence annually since then. The API auditors inspected the whole chain of pipefittings manufacture:…
