Uzbekistan plans to open its largest gold-mining fields to foreign tourists in a bid to develop industrial-tourism. The State Committee for Tourism Development said on February 1 it was currently studying the possibility of turning the country’s largest Amantaytau and Daugiztau gold deposits, in the central Kyzylkum Desert, into tourist attractions, where foreign visitors could…
In January, Azovstal Iron and Steel Works was paid the most VAT reimbursement among mining and metal companies – 806.5 million UAH (194.7 million UAH in December 2020). According to the State Treasury, Dneprovsky Iron and Steel Combine was paid 514.5 million UAH (216 million UAH). Zaporizhstal received 497 million UAH, Mariupol Ilyich Iron and…
In January, Zaporizhstal decreased pig iron output by 0.2% YoY, to 399 thousand tons. Steel manufacture dropped by 0.5%, to 336.3 thousand tons, and rolled metal – by 2.7%, to 284.1 thousand tons. In 2020, the company increased pig iron output by 2.5%, to 4.5 million tons. At the same time, the manufacture of steel…
In 2020, Metinvest enterprises produced 8.268 million tons of steel, up by 9% YoY. Pig iron manufacture grew by 7%, to 8.475 million tons, and coke – by 3%, to 4.808 million tons. Rolled metal output went up by 132 thousand tons, to 4.809 million tons. In particular, the manufacture of long-rolled products increased by…
Yuzhniy Mining and Processing Works has stopped sinter manufacture having shut down the blast furnace shop at Dneprovsky Iron and Steel Works following repair from late October 2019 till May 2020 and the switch to using iron ore concentrate. The decision to shut down sinter manufacture was taken in September 2020. In February, the company…
An ounce of gold in Azerbaijan decreased in price by 20.72 manats (0.7%) last week. The average price of one ounce of gold amounted to 3,142.56 manats, down by 0.09% compared to the previous week. The price of an ounce of silver increased by 0.9117 manats (2.1%). The average price of one ounce of silver…
This year, Magadan region intends to increased gold output by 1.8% YoY, to 50 tons. Last year, the main volume of gold accounted for ore gold (30.36 tons). At present the target for the region is 48 tons, but the increase is envisaged, in particular, with the growth of output at the Shturmovskiy mine of…
In 2020, due to the energy saving measures, Azovstal was able to save 1.3 million cubic meters of gas, 78 thousand tons of coke and 101.5 million kW-h of electricity. The combined effect reached $15.2 million. In particular, the company increased the usage of pulverized coal in blast furnace manufacture. The company also continued implementing…