Armenia: re-launch of Teghut mine possible

The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…

Russia: Raspadskaya output up in 2018

In 2018 combined coal output at all Raspadskaya Coal Company LLC enterprises increased by 11%, to 12.7 million tons. In particular, the Raspadsky pit increased mining by 26%, and Raspadskaya-Koksovaya – by 297%. Raspadskaya mine extracted 6 million tons of coal. Coal concentrate sales increased by 7%, to 7.4 million tons. Coal sales grew by…

Ukraine: rolled metal imports up in 2018

In 2018 rolled metal consumption in Ukraine grew by 6.36% YoY, to 5.388 million tons.

Deliveries of domestic companies to the local market went up by 5.37%, to 3.946 million tons.

Imports grew by 10.78%, to 1.442 million tons.

Flat metal dominated over the bars in the import structure (51.05% vs 45.9%). (Ukrainian metal)

Ukraine: Standard&Poor’s improves Metinvest ratings

S&P Global Ratings has confirmed the long-term ratings of Metinvest in the national currency at B- with positive outlook (the previous being stable).

Earlier International Financing Review named Metinvest refinancing its debt the deal of the year among developing states.

In January-September 2018 Metinvest consolidated revenue increased by 46% YoY, to $9.063 billion. (Ukrainian metal)

Russia: Polymetal gold output up in 2018

The gold output of the Russian precious metals producer Polymetal International increased by 13%, to 1.216 million ounces in 2018, the company said in a statement on January 31. Silver production decreased by 6%, to 25.3 million ounces. The company’s total output in gold equivalent grew by 9% YoY, to 1.562 million ounces in the…

Kazakhstan: copper ore mining up in 2018

Last year copper ore mining reached 103.2 million tons, up by 8.2% YoY.

Copper concentrate output grew by 15.7%, to 12.9 million tons, and copper in copper concentrate – by 15.5%, to 580.6 thousand tons.

At the same time copper-zinc ores mining dropped by 4.2%, to 4.8 million tons. (Ukrainian metal)

Russia: gold and silver output up in January-November 2018

In January-November 2018 Russia produced 290.3 tons of gold, up by 2% YoY.

Mined gold output grew by 4%, to 243.89 tons.

The manufacture of secondary and associated gold fell by 10%, to 14.43 tons and by 4%, to 31.98 tons respectively.

Silver output grew by 8%, to 1 thousand tons. (Ukrainian metal)