The State Property Fund has cancelled the privatization auction of the United Mining and Chemical Company scheduled for August 31, as only one company has been allowed to participate. The fund received 3 offers, with two companies providing incomplete package of documents. The fund still hopes to hold the auction this year and expects more…
Metinvest-SMC has won an auction in the Prozorro.Public sales system to supply 44 thousand tons of R-65 rails valued at 1.5 billion UAH to Ukrzaliznytsia. Sota-Ukraine LLC also participated in the auction, but Metinvest-SMC offered lower price. The rails have to be supplied until the end of the year.
The Main State Expertise Service of Russia has approved design documentation for the reconstruction of the Duetskaya non-ferrous metals processing factory. The factory is situated in the Republic of Sakha (Yakutia) and is intended for the processing of gold-containing ore from the Duet deposit discovered in 1950. Output at the deposit amounts to 120 thousand…
Minerals Metals Group (MMG, China) will buy $3.2 million worth of the United Mining and Chemical Company products according to a contract dated August 18 and six amendments dated August 25. Some employees said that shipping had already begun. The Chinese middlemen have already made a prepayment for 680 tons rutile concentrate at $1690 per…
The Far Eastern department of Russia’s Federal Mineral Resources Agency plans to hold an auction for a 25-year license for the Bakhtarnaksky gold deposit, located in the Zabaikalsky region, with a starting bid of 48.4 million rubles, on October 21. Bids are collected until September 21. The deposit’s resources are estimated at 10 tons of…
Russia’s production of unrefined, semi-refined or powdered gold decreased by 2.2% YoY, but rose by 16.1% MoM in July, the Federal State Statistics Service reported. In January-July, production of gold fell by 0.9% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)
The US Department of Trade following an antidumping investigation will impose duties on the import of high-pressure seamless pipes from Russia, South Korea and Ukraine. In particular, the duty for Ukraine will be 23.75%, for Russia – 209.72% and for Korea – 4.48%. In 2020, Russia supplied 11.47 thousand tons of pipes to the USA,…
In July, Ukraine increased steel output by 7.1% YoY, to 1.88 million tons. Thus, the country was able to retain its 14th place among 64 major steel manufacturers. Ukraine is expected to produce 21.92 million tons of steel this year, up by 6.3% YoY. (Ukrainian metal)