The department of subsoil use of the Far Eastern District will auction two deposits of alluvial gold in Chukotka. The auctions are scheduled for April 1. The deposit at the Shumniy Brook will have the starting price of 6.041 million rubles. Its C1 reserves amount to 86 kg, but require additional prospecting. The starting price…
In January, Zabaikalskiy region transported 1.7 million tons of cargo via railroad, up by 16.1% YoY. In particular, coal transportation increased by 9.9%, to 1.06 million tons, iron and manganese ore – 1.6-fold, to 345.4 thousand tons, non-ferrous ore – by 45.7%, to 42.6 thousand tons, and ferrous scrap – by 16.6%, to 6.3 thousand…
In 2023, Norilsk Nickel net profit plummeted by 51% YoY, to $2.87 billion. EBITDA dropped by 21%, to $6.9 billion. Revenue fell by 15%, to $14.4 billion. Capex decreased by 29%, to $3 billion due to the weakening of the Russian currency. (Ukrainian metal)
Kazakhstan has imposed a ban on the export of ferrous metals scrap and wastes via the railroad border points of Zhaisan (Aktyubinsk region), Aksu (Kostanay region) and Auyl (Abai region). The decision was taken due to the shortage of raw materials for the domestic processing enterprises and the imposition by neighbouring countries of scrap exports…
The General Prosecutor’s Office of Russia has demanded to transfer three plants of Chelyabinsk Electrometallurgical Works (ChEMK) to the state ownership, the products of which are used by the military complex. The basis for the nationalization is cited as illegal privatization of the enterprises in the 1990s and exports to the USA. The claim was…
In December 2023, Ukraine exported 116.85 thousand tons of pig iron to the USA, up by 74.7% MoM and 2.6-fold YoY. In 2023, exports totaled 1.055 million tons, up by 91.7% YoY. Compared with pre-war 2021, exports decreased by 37.3%. Last year, average monthly exports amounted to 85.29 thousand tons, in 2022 – 45.85 thousand…
In January, Ukraine increased steel output by 91.6% YoY, to 544 thousand tons. According to Ukrmetallurgprom, pig iron manufacture increased by 41.5%, to 555 thousand tons. Rolled metal production totaled 453 thousand tons, up by 75.9%. (Ukrainian metal)
A temporary ban on the export of scrap metal and ferrous metals was extended in Kyrgyzstan. The resolution was signed by the head of the Cabinet of Ministers, Akylbek Japarov. The ban was imposed for a period of six months. It applies to the export of scrap and waste ferrous metals, ferrous metal ingots for…