In January-September, Chukotka Autonomous District produced 16.06 tons of gold, down by 1.6% YoY. Silver output grew by 4.3%, to 72.84 tons. Companies developing deposits in Anadyr district yielded the most gold – 8.34 tons. In particular, Chukotskaya Mining-Geological Company produced 7.25 tons at the Kupol deposit. Rudnik Valunistiy increased output by 61%, to over…
After the return of the Zaporozhye Titanium and Magnesium Works to state property, the State Property Fund has invested 120 million UAH in its modernization. Prime cost of manufacture has decreased by 25%. Five bi-polar eletrolyzers have been constructed, which will increase spongy titanium output 2-fold. Moreover, the company will be able to switch to…
In September, Zaporizhstal produced 332.9 thousand tons of pig iron, 284.5 thousand tons of steel and 213.7 thousand tons of rolled metal, down by 13.9%, 12.9% and 22.7% YoY respectively. The decrease is due to capital repairs of the blast furnace No. 3, as well as rolling mills in hot-rolling and blooming shops. In January-September,…
Uzbekistan’s leading ferrous metal producer Uzmetkombinat is set to organize a debut issue of corporate bonds. A corresponding agreement was signed with Freedom Finance on September 30 on the sidelines of the Economic Forum in Tashkent. The company also inked an agreement with the consulting firm EY on providing consultations to the joint-stock company on…
In January-August, Ukraine exported $175.59 million worth of ferrous scrap, up 27-fold YoY. According to the State Customs Service, in September exports amounted to $18.44 million, up from $1.13 million in September 2020. In 8 months, imports grew 2.05-fold, to $31.81 million, with $2.87 million imported in September. (Ukrainian metal)
Novokramatorskiy Machine-building Works has produced 8 ball mills with the central unloading at the order of the Yuzhniy Mining and Processing Works. 5 mills have already been shipped and are being assembled. Three more are being prepared for shipping. Due to their special construction, the mills will increase the processing factory capacity by 10%. 8…
One of the largest uranium and gold producers in the world, Uzbekistan’s Navoi Mining and Metallurgy Combinat (NMMC) is set to raise $1 billion from Russia’s VTB bank. A corresponding agreement was signed on the sidelines of the Economic Forum in Tashkent. Under the agreement, VTB will finance the investment program of the plant. The…
The government of Armenia has agreed to accept as a gift 25% of the shares of the Zangezur Copper-Molybdenum Combine, according to a document published online. The Office of the Prime Minister of Armenia will be managing the shares once the contract and state registration of property rights is completed within 10 days. The Zangezur…
