Russia’s gold output rose by 9.4% YoY, to 39.71 tons in January-February, the Finance Ministry said citing the data on supplies to the refining plants. Mined gold output rose by 11.8%, to 31.75 tons, and by-product gold output increased by 10.5%, to 2.85 tons, while gold scrap production fell by 3.8%, to 5.11 tons. Russia’s…
Following repairs, Dneprovsky Iron and Steel Works has commissioned its rolling shop No. 1. The first ingots have already been rolled. Earlier DMZ commissioned its blast furnace No. 2 after repairs. The next in line are the oxygen-converter and rolling shops. In 2019, DMZ decreased rolled metal manufacture by 43% YoY, to 449 thousand tons.…
According to TUIK, in April Turkey imported 84 thousand tons of pig iron, up by 40.2% MoM, but down by 45.4% YoY. The cost decreased by 31.4%, but grew by 48.4% respectively, to $28.6 million. In 4 months, Turkey imported 420 thousand tons of pig iron, down by 12.3% YoY. In monetary terms imports decreased…
Since the start of the year, Chukotka Autonomous District has extracted over 9 tons of gold, up by 5% YoY. Almost half of the total volume was extracted by Chukotka Mining and Geological Company at the Kupol deposit – 4.2 tons of gold and 35.2 tons of silver. Total silver output amounted to 41 tons.…
Ukrainian Railways have concluded 21 agreements with Druzhkovka Metal Wares Works for the purchase of metal wares valued at 61.25 million UAH. This year, the works has to supply 1176 tons of fasteners of its own make: 168 tons of fishbolts with nuts at 59,632 UAH per ton; 392 tons of terminal bolts with nuts…
Ukrzaliznytsia (Ukrainian Railways) has announced auctions to sell scrap via the ProZorro system. The enterprise will sell 15 lots of ferrous metals scrap with the combined weight of 17.9 thousand tons. The combined price is 68.5 million UAH. The auction will take place on June 19. This year, Ukrzaliznytsia intends to sell 26 thousand tons…
According to the Federal Customs Service, in January-April Russia exported 71.9 tons of gold, up 7.9-fold YoY, valued at $3.8 billion. Over 50% of all gold was exported in April – 41.8 tons ($2.2 billion), up 14-fold YoY. In particular, the UK bought 29.6 tons ($1.6 billion), Switzerland – 7.1 tons ($383 million) and Turkey…
In order to obtain new licenses to develop deposits, the United Mining and Chemical Company together with the State Service of Geology and Subsoil will create working groups. It is expected that the new licenses will provide for raw materials extraction for 10 more years. This will also mean a long-term development of the Irshansk…