Russian gold producer Uzhuralzoloto Group of Companies (UGC) has closed an acquisition of a 28.34% stake in Petropavlovsk Plc from a subsidiary of AEON Corporation of businessman Roman Trotsenko, UGC said in a statement. “The stake consists of shares that account for 22.37% of the shareholder equity and of convertible bonds that account for 5.97%…
In January Yuzhniy Mining and Processing Works produced 986.4 thousand tons of iron ore concentrate. Compared with December 2019, the output grew by 2.2%, or by 21.3 thousand tons. At the same time, compared with January 2019 the manufacture fell by 10.5%. (Ukrainian metal)
The Renova Group of Companies has sold 92% of Yekaterinburg Non-Ferrous Metals Processing Works to Ural-Dragmet, having decreased its share to 4%. The deal was struck in December 2019. The price of the purchase is not disclosed. (Ukrainian metal)
The Uralelectromed subsidiary producing polymetals received a new diesel forklift loader with the lifting capacity of 5 tons. The cost of the machine exceeds 2 million rubles. “The forklift loader conveniently operates both on open spaces and inside. The need for this machine for us is high”, the company automobile department head Vyacheslav Grekhov said.…
In January Ukraine received $713.29 million from the exports of ferrous metals, down by 27.2% YoY. According to the State Tax Service, ferrous metals accounted for 17.16% of total exports as opposed to 24.11% in January 2019. In December 2019 ferrous metals export revenue totaled $521.764 million. Imports dropped by 19.6%, to $64.61 million ($93.86…
In January Ukraine exported 2,865 thousand tons of scrap, down by 8.8% YoY, valued at $795 thousand, down by 15.1%. According to the State Tax Service, in December 2019, 1,270 thousand tons of scrap were exported. At the same time, in January Ukraine imported 392 tons of scrap, down by 89.8%, valued at $446 thousand,…
In 2019 Valki-Ilmenite and Mezhdurecensky Mining and Processing Works, parts of Group DF titanium business, increased ilmenite ore output by 13.7% YoY, to 3.2 million tons. Ilmenite concentrate manufacture grew by 7.2%, to 150 thousand tons. Almost 57% were sold to the state enterprise Sumyhimprom, and 43% – exported to Europe. Tax payments increased by…
In Q4 2019 Ferrexpo shipped 2 Capesize ships via the Yuzhniy Sea Trade Port, and in 2020 – 5. The volume of each ship was 175 thousand tons of iron ore pellets. In Q4 2018 the company did not ship pellets via the port, and in Q1 2019 it was able to load only a…
