In January, Energomashspetsstal decreased steel output by 33.3% YoY, to 4 thousand tons. In December 2020, the company produced 3 thousand tons of steel. In 2020, steel output increased by 6.8% YoY, to 63 thousand tons. (Ukrainian metal)
In January, Electrostal (Kurakhovo, Donetsk region) didn’t produce anything, while in January 2020, 3 thousand tons of billets were produced. In December 2020, the enterprise was also idle, while in November 2020 it produced 2 thousand tons and in October 2020 – 10 thousand tons. Electrostal was idle in January-March 2019 and October 2019. The…
On September 7 – November 28, 2020, the British Orsu Metals extracted 176 thousand tons of ore with the average gold content of 1.41 g per ton at the Sergeyevskoye deposit in Zabaikalye region. The company produced 155.7 kg of gold (5 thousand ounces). Sales amounted to 175 million rubles ($2.3 million). Ore was processed…
Ukrainian metal companies support the prolongation of the current export duty on scrap in the amount of 58 euro per ton. “The export duty has brought a lot to the budget. Payments to the budget from the processed scarp exceeded export payments 8.5-fold. In September, the duty expires. We ask the government to keep the…
Prime Minister Nikol Pashinyan has said the country should take measures to make investment programs in the mining sector “more manageable and acceptable” for the society. Addressing a Cabinet meeting, Pashinyan expressed hope that the government would manage to make important decisions, including on the Amulsar gold mine. “This topic should be discussed, taking into…
In January, scrap companies increased deliveries by 53.7% YoY, to 283.7 thousand tons. Metal companies were provided with ferrous scrap on the level of 142.6%. As of February 1, scrap stocks totaled 170-175 thousand tons. Metinvest enterprises and Dneprovsky Iron and Steel Combine received 171.5 thousand tons, up from 101.9 thousand tons in January 2020.…
In January, metal companies received 283.7 thousand tons of scrap, up by 53.7% YoY. Metinvest enterprises and Dneprovsky Iron and Steel Combine were the largest customers – 171.5 thousand tons, up by 82.8%. Interpipe Steel received 44.6 thousand tons (+2.4%) and ArcelorMittal Kriviy Rih – 58.1 thousand tons (+77.1%). As of late January, scrap stocks…
Azerbaijan’s gold mining company AzerGold increased revenues from the export of precious metals by 29% YoY in 2020, AZN 186.5 million ($109.7 million), the company’s CEO Zakir Ibrahimov reported. Ibrahimov stated that sales of gold amounted to 59,400 ounces, while silver to 119,400 ounces in 2020. Gold topped the list of non-oil goods exported last…