In February Kazakshtan produced 0.355 million tons of steel, down by 6.6% MoM, but up by 9.2% YoY. In 2 months steel output grew by 5.8%, to 0.736 million tons. Ferroalloys manufacture in February reached 0.154 million tons, up by 4.2% YoY, but down by 9.9% MoM. In January-February ferroalloys output increased by 3.2% YoY,…
The cost of gold increased by 1.59 manats to 2229.856 manats per troy ounce in Azerbaijan on March 19, according to the data published by the Central Bank. The cost of silver decreased by 0.25%, to 27.6662 manats per ounce, the cost of platinum decreased by almost 20.48%, to 1605.361 manats and the cost of…
In 2017 Interpipe Nizhnedneprovsk Pipe works received 313.396 million UAH of net profit as opposed to 1136.428 million UAH of net loss in 2016. According to the company statement, its current liabilities increased by 49.3%, to 11695.211 million UAH, with fixed liabilities up by 3.2%, to 3789.075 million UAH. At the same time accounts receivable…
In January-February Severniy Mining and Processing Works increased pellets output by 1.6% YoY, to 1.431 million tons. Concentrate output grew by 12.8%, to 1.924 million tons. In February the company produced 595 thousand tons of pellets and 894 thousand tons of concentrate. In 2017 SevGOK decreased pellets output by 16.5% YoY, to 7.420 million tons,…
In 2017 MMK supplied 980 thousand tons of galvanized rolled metal to the domestic market, as well as 310 thousand tons of polymer-coated metal. According to the company statement, its share in the galvanized metal consumption reached 31%, and in polymer-coated metal – 15%. Exports of galvanized metal to far foreign countries last year totaled…
The state enterprise TALCO and its subsidiaries have signed 5 contracts valued at $460 million with Uzbekistan companies. In particular, Uzbekneftegaz will finance the commissioning of 200 electrolytic baths. The total cost of this agreement, to be carried out in 2018-2020, is $320 million. Krantas Group will help create a joint venture to produce automobile…
In January-February Azerbaijan obtained 1353.4 kg of gold, up 7.5-fold YoY. According to the State Statistics Committee, in February gold output totaled 608.3 kg. Last year the country yielded 6390.8 kg of gold, up 3.4-fold YoY. Gold and silver in Azerbaijan are mined at the Kedabek and Gosha deposits. (Ukrainian metal)
In January zinc ore mining dropped by 19.6% YoY, to 39.5 thousand tons. Zinc concentrate output totaled 19.6 thousand tons, down by 22.5%. Lead-zinc ore mining also decreased – by 21.7%. And only copper-zinc ores output grew by 7.7%. Similar trend was observed in previous years as well. In 2016 Kazakhstan mined 324.8 thousand tons…