In May Russia exported 246 tons of cobalt matte, down by 68.6% MoM and by 22.2% YoY. In 5 months exports dropped by 3.2%, to 1.9 thousand tons. In monetary terms since the start of the year the exports have decreased by 54%. Export prices in May dropped by 5% MoM, to $24 per kg.…
Since the start of the washing season Uryum has extracted 159.3 kg of gold, down by 6.3% YoY. The company started operating at its sites on May 20. The decrease in the output is due to flooding of some sites. Uryum is developing alluvial deposits in Zabaikalye region. In early July the Bukhta-Bugarikhta and Bolshemogochinshkoye…
ArcelorMittal’s Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment has been seized following a security service investigation, the plant’s acting head Oleksandr Ivanov said. The probe into Ukraine’s largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelensky, who has promised…
In Karaganda region Prime Minister of the Republic of Kazakhstan Askar Mamin participated in the grand opening of a ferroalloy plant and visited several mining and processing enterprises. The head of government congratulated those present on the launch of a new ferroalloy plant, underscoring the importance of a high-tech enterprise for further socio-economic development of…
Uzbekistan produces more than 100 tons of gold annually. Navoi and Almalyk mining and metallurgical plants account for 20% and 70% of the total precious metal production in the country, respectively. Uzbekistan intends to bring the annual gold and silver production to 300 tons by 2021, according to the Ministry of Justice. This is envisaged…
In May Russia imported 818 tons of magnesium, including scrap, down by 4.8% MoM, but up by 549.3% YoY. In 5 months imports grew by 32%, to 3.7 thousand tons. China decreased deliveries in May by 13%, to 704 tons, followed by Hong Kong – 12.7%. In monetary terms imports since the start of the…
In January-June Vorkutaugol, one of the largest coal-processing companies in Russia, increased output by 44% YoY. In particular, coal manufacture grew by 6%, to 4.3 million tons. Metallurgical coal output increased 4-fold, to 332.5 thousand tons. In H2 Vorkutaugol intends to commission two long faces at the Troynoy layer of the Vorkutinskaya and Zapolyarnaya mines.…
This year the Aldan district of Yakutia has set a record of gold output – 12.6 tons. “This means there is a development, new techniques are implemented, new jobs are created, and the district itself is developing”, the Yakutia governor Aisen Nikolayev noted while visiting Polyus Aldan gold-extracting factory. According to him, gold extraction is…
