The Canadian company Eldorado Gold has agreed to the sale of the Romanian gold mining project Certej, in Hunedoara County, for a total amount of up to $30 million. The new owner of the license, subject to an extension request not settled yet, is Toronto Stock Exchange-listed Varvara Development Group (formerly O Rei Resources Corp),…
In November, Zaporizhstal produced 309.1 thousand tons of pig iron, 273.2 thousand tons of steel and 251.3 thousand tons of rolled metal. In January-November, the company produced 3254.2 thousand tons of pig iron, 2933.8 thousand tons of steel and 2543.1 thousand tons of rolled metal. Last year, Zaporizhstal produced 3.1 million tons of pig iron,…
Bahodir Abdullaev, General Director of JSC “Uzmetkombinat”, held a meeting with a delegation from Raiffeisen Bank (Austria), led by Michael Horak, Head of Corporate Clients in the Metallurgy and Mining-Metallurgy Sectors. During the meeting, Raiffeisen Bank representatives presented the bank’s operations, its approach to international financial markets, and its experience in servicing corporate clients. They…
AzerGold CJSC exported $196.3 million worth of precious metals from January to October. This is reported in the November edition of the export review by the Center for Analysis of Economic Reforms and Communications. According to the Center, this exceeds the figure for the same period last year by $86.3 million, or by 78.4%. (Report)
The British gold-mining company Anglo Asian Mining PLC (AAM), which operates in Azerbaijan, expects specifics from the British ACG Metals Limited (ACG) until December 24, regarding its intentions to acquire AAM. “AAM draws attention to the announcement by ACG Metals Limited dated November 26, that ACG is at an early stage of considering the possibility…
Azerbaijan exported $276.8 million worth of gold from January to October, a 69.4% increase compared to the same period last year. This is stated in the November edition of the export review by the Center for Analysis and Communication of Economic Reforms. According to the information, in October alone, Azerbaijan exported $38.9 million worth of…
In January-October, Ukraine increased ferrous scrap exports by 52.1% YoY, to 345.2 thousand tons. According to the State Customs Service, this is 52 thousand tons more than in the whole last year. The key export destination is Poland. Over 10 months, Poland imported 285.26 thousand tons, 75.4% of the total and 43.8% more than last…
Deputy Minister of Territorial Administration and Infrastructure Asatur Vardanyan met with a delegation led by Gareth Kirkham, Chair of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO). Vardanyan emphasized that Armenia’s accession to CRIRSCO was of strategic importance and was part of the country’s mining sector development strategy. The meeting focused on Armenia’s accession…