Last year, Seligdar prospecting works volumes reached 42.9 thousand meters. This year the company intends to increase the result to 45.5 thousand meters. In order to clarify borders and reserves of ore blocks, the company drilled 64.4 thousand meters of shafts in 2019, and this year plans to increase drilling 1.7-fold, to 109.2 thousand meters.…
In February, Russia exported 4.5 thousand tons of ferromanganese, down by 26% MoM and by 24% YoY. Price dropped by 10%, to $877 per ton. Deliveries to US dropped by 9%, to 2.9 thousand tons, and to Ukraine – by 43%, to 837 tons, but to Kazakhstan grew from 531 tons to 607 tons. In…
In February, Russia imported 16.4 thousand tons of ferrosilicomanganese, up by 20% MoM and by 8% YoY. Price dropped from $920 to $913 per ton. Deliveries from Georgia grew by 29%, to 9.9 thousand tons, and from Norway – 2-fold, to 1.6 thousand tons. At the same time purchases from Kazakhstan fell from 5.2 thousand…
The Norilsk Nickel board of directors has decided to hold the annual shareholders meeting as absentee ballot. The meeting will take place on May 13. The board recommends paying 557.2 rubles per ordinary share as final dividends for 2019 (around $7.3). Thus, it is proposed to spend 8.2 billion rubles ($1.2 billion) to pay dividends.…
In January-March, Mechel-Service sold around 350 thousand tons of metal products, up by 3% YoY. The increase in beams and steel ropes sales reached 65%, belts – 58%, rebars – 26% and wire – 21%. Stainless sheet sales demonstrated the highest increase – 147%. (Ukrainian metal)
Gold production at the Kumtor Mine in 2019 was 600,201 ounces or 18,668.35 kg, Centerra Gold Inc. reported. Gold sales in 2019 were 600,231 ounces or 18,669.28 kg with a revenue totaling $827.5 million. Contribution to the national budget in taxes and mandatory payments in 2019 was more than 14.8 billion soms. The Dore bars…
In January-March, Ferrexpo increased pellets output by 7.4% YoY, to 2.725 million tons. In particular, manufacture of pellets of ore with the iron content of 62% decreased by 31.8%, to 73.3 thousand tons, but with iron content of 65% grew by 9.1%, to 2.652 million tons. It is expected that sales in Q1 will reach…
The occupational administration of Russia has liquidated two mines – Novopavlovskaya and Miusinskaya – by way of flooding. “These mines were situated in the town of Khrustalniy (previously called Krasniy Luch). Until 2014 they were a part of the state enterprise Donbassantrazit”, the Verkhovanay Rada human rights ombudsman in Donetsk and Lugansk regions Pavel Lysyanskiy…