In December 2019, Russia exported 10.3 thousand tons of ferrochrome, up by 18% MoM and by 30% YoY. Deliveries to the Netherlands remained unchanged at 6.7 thousand tons, but to Japan grew from 20 tons to 2.3 thousand tons. In 2019 exports totaled 119 thousand tons, up by 19% YoY. Value of exports dropped by…
In 2019, MMK Group’s shipments to the Russian market, including MMK-Lysva Metallurgical Plant, amounted to more than 8.3 million tons of metal products, up by 8% YoY. Denis Chernenko, Head of MMK’s Marketing Department spoke about this at the 13th Russian Conference “Regional Metal Trade of Russia” in Sochi. Shipments of hot-rolled steel accounted for…
It is planned to increase the tax rate on income of mining and processing enterprises by three percent, if they sell and process gold outside the republic. The Government put forward the initiative. The Ministry of Economy notes that the proposed amendments to the Tax Code will streamline the management of taxation of income of…
Threat of coronavirus does not affect price of gold in Azerbaijan According to forecasts and researches of international financial institutions, prices of precious metals in Azerbaijan remain stable amid rising prices in the world associated with the threat of coronavirus, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov has said at a company’s…
AzerGold CJSC, Azerbaijani leading mining company, plans to start mining at the Aghyokhush and Marah ore fields, discovered by the company geologists, in 2021, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov said at the company’s press conference on the results of 2019. Ibrahimov added that the potential of reserves of the Aghyokhush…
Turkey’s steel exports to Uzbekistan decreased in January, the Turkish Trade Ministry reported. Turkey steel exports to Uzbekistan exceeded $3.2 million in January, down by 38.72% YoY. Steel exports from Turkey to Uzbekistan decreased by 14.8% YoY in 2019, to $56.8 million. (Trend/Ukrainian metal)
The volume of gold extracted in Azerbaijan last year compared to the results for 2018 increased by one fifth (21.3%) and silver – by one third (33.2%), Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, said at the company’s press conference on the results of 2019. Despite that last year the company planned…
AzerGold CJSC, an Azerbaijani company that extracts, processes and sells gold and silver, plans to start mining at the Chovdar ore field as part of the surficial (sulfide) phase, Chairman of the Executive Board of AzerGold Zakir Ibrahimov has said at a company’s press conference on the results of 2019. Ibrahimov added that the confirmed…