In June Russia imported 127.8 thousand tons of manganese ore and concentrate, up by 55.2% MoM and by 17.5% YoY. South Africa accounted for 100 thousand tons, up 2-fold MoM. Kazakhstan slightly increased supplies, to 14.6 thousand tons, while imports from Gabon dropped by 27%, to 12.7 thousand tons. In January-June Russia imported 517.6 thousand…
“The safety of workers in Georgia’s mines is at serious risk,” reads the beginning of the first paragraph of the Human Rights Watch research “No Year without Deaths: A Decade of Deregulation Puts Georgian Miners at Risk”. The 60-page research says that the risk is caused by “insufficient government regulation and resulting mining practices that…
International arbitration satisfied about 6% of claims of Stans Energy Corp. and Kutessay Mining LLC to Kyrgyzstan, having ruled to compensate only some direct costs for development of Kutessay II and Kalesay deposits and a part of the court costs, but rejected the rest of the claims, the Center for Legal Representation of the government…
AzerGold company has attracted AZ Dag-Medenistismar as a drilling contractor, the government procurement website reports. The contract between the parties was signed for 10.307 million manats, according to the source. In 2018 exploration and drilling operations were carried out at depths of up to 17,000 meters, and metallurgical, laboratory, geotechnical and hydrological studies were carried…
R.V. Investment Group Services LLC, subsidiary of Anglo Asian Mining (ААМ), gold, copper and silver producer in Azerbaijan, has been in discussions with the Azerbaijani government and other parties in relation to the possible sale of the company’s shares. Such discussions are preliminary and no terms have been discussed or agreed upon. There can be…
Ukrainian Mining Company plans to mine iron ore at the Severniy quarry of the Saksaganskoye deposit. Mariupol Ilyich Iron and Steel Works stopped using it a month and a half ago. The company license expired on July 7, while it stopped mining ore from July 1. (Ukrainian metal)
In June Russia exported 582.6 thousand tons of flat steel, down by 9.9% MoM and by 26% YoY. According to the customs statistics, exports have been falling since January. In 6 months Russia exported 3.83 million tons of flat steel, down by 14.4% YoY. Turkey accounted for 27% of exports, down by 27.3%. The share…
In January-July Metalloinvest received $3,854 million of revenue, down by 5.2% YoY. EBITDA dropped by 5.4%, to $1,410 million. Net profit grew by 17.2%, to $1,020 million. Net debt increased by 6.6%, to $3,581 million compared with December 31, 2018. The group mined 19.7 million tons of iron ore, down by 1.8%, and produced 14.1…
