Russian aluminum giant UC RUSAL may default on some loan liabilities because of the new sanctions imposed by the U.S., the company said in a statement released on the Hong Kong Stock Exchange on April 9. On April 6 the U.S. imposed sanctions against a total of 38 Russian tycoons, officials and companies, including Oleg…
Last week the price of one ounce of gold decreased by 2.482 manats or by 0.1%. Accordingly, the average price of one ounce of gold stood at 2,264.434 manats. The price of one ounce of silver decreased by 0.136 manats or by 0.5%, to 27.89634 manats. The price of one ounce of platinum decreased by…
Ukraine saw a record low steel output in 2017 due to the lack of important raw materials. In particular, there is a threat of a blocking of imports of sulfuric acid that could create a monopoly on this type of raw materials. The interdepartmental commission on trade should make the corresponding decision by late April.…
In January-March Boshnyakovsky Coal Pit mined 131 thousand tons of coal. The company owns three licenses to develop coal sites at the Boshnyakovskoye deposits. In 2010 the company obtained the licenses to Soldatskiy-1 and Onnaysky sites, and in December 2017 – to Onnaysky-Southern. This year the latter is expected to yield 0.5 million tons of…
Okhta GGK LLC, a part of Polymetal, has started developing the Khotorchan gold ore deposits in Khabarosvk territory. The first ore was mined on March 31. The deposits reserves will become the raw materials base for the Khakanjinskaya gold-extracting factory. The Khotorchan CC2 reserves are estimated at 839 kg, and forecast resources (R1) at 5…
Karelsky Okatysh is preparing to put into operation a new BelAZ dump truck. The company specialists are now assembling it. The lifting capacity of the machine is 240 tons, but the company intends to transport some 230 tons. By June the company will have received three more similar trucks. (Ukrainian metal)
Russian metals producers are preparing proposals to retaliate against U.S. imports duties, Deputy Prime Minister Arkady Dvorkovich declared. “Companies are preparing their proposals, we will discuss them. Initially, we wanted to hold a meeting in Krasnoyarsk but we have just decided to postpone it for several days in order to prepare better. We are waiting…
Until December Mechel has to make monthly payments for the purchase of Donetsk Electrometallurgical Works, bought in 2011, and in 2016 “nationalized” by the militants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia. On December 22, 2011 Mechel bought 100% of Daveze Ltd shares, owner of 100% of DEMZ,…
