KAZ Minerals is pondering the acquisition of the Baimskoye copper-gold deposits in Russia from Roman Abramovich. The Baimskoye reserves are estimated at 9.6 million tons of copper with average contents of 0.43% and 16.5 million ounces of gold (0.23 g per ton). Investments in the deposit could reach $1.8 billion. The project envisages the construction…
In January KMZ shipped 2 railroad cars (120 tons) of ferromanganese to Mongolia. The shipping of 2 more cars to Darkhan Metallurgia Ltd is planned for February. Following the successful negotiations with Divatsogt, KMZ will supply ferromanganese to Mongolia on constant basis. (Ukrainian metal)
Polymetal International plc has concluded an agreement on increasing its share in the Prognoz silver deposits to 50% by acquiring 45% for $72 million to be paid in Polymetal shares. Prognoz is the largest undeveloped deposit of primary silver in Eurasia. Its resources are estimated at 292 million ounces of silver with the content of…
Evraz and the Russia Railways have concluded a new long-term agreement on the delivery of rails. The document will be valid for 5 years. According to the agreement, Evraz will supply 3.2 million tons of products valued at 111.7 billion rubles to RZhD. The contract stipulates the gradual increase of 100-meter rails deliveries to 360…
Ukrvtorchermet has applied for debt restructuring procedure. The volume of the debt is not disclosed. Ukrvtorchermet procures and processes ferrous metals scrap and waste. Metalinvest Ltd LLC owns 98.0344% of the company. (Ukrainian metal)
In January Dneprospetsstal produced 20591 tons of steel, down by 10.7% MoM. Rolled metal output dropped by 4.6%, to 13818 tons. The total cost of products manufactured in January was 780572 thousand UAH, down by 3.2% MoM. (Ukrainian metal)
In January Russia produced 4.5 million tons of pig iron, down by 0.9% MoM, but up by 2.2% YoY. According to the Federal Service of State Statistics, rolled metal output increased by 3.5% YoY, but dropped by 5.8% MoM, to 5.1 million tons. Pipe manufacture reached 0.954 million tons, up by 14.9% YoY, but down…
In January Zabaykalye region decreased lead output by 4% and zinc – by 3% YoY, while tungsten concentrate output dropped by 37%. As of February 1, the region yielded 87.8 tons of tungsten concentrate. Only Novoorlovsky GOK is mining for the concentrate at present. Lead and zinc output reached 4400 and 2580 tons respectively. Last…
