In April the export of raw copper from Russia totaled 56.7 tons, down by 74.8% MoM and by 50.4% YoY. In 4 months exports fell by 62.8%, to 508.7 tons. At the same time, the price grew by 27%, to $15.9 per kg. Kazakhstan accounted for 99.6% of purchases. Since the start of the year…
In April Russia exported 426.8 tons of copper rods and sections, down by 9.2% MoM and by 20.7% YoY. At the same time the price has increased by 7.4%, to $6.6 per kg. In 4 months exports dropped by 5.2%, to 1.7 thousand tons, and in monetary terms – by 4%. (Ukrainian metal)
The Ministry of Economy of Kyrgyzstan proposes to increase the tax rate on the income of mining and mining-processing enterprises by 3% in the case of sale of gold ore and concentrates and revise the tax royalty base in sale of metal ores and concentrates. Amendments to the Tax Code have already been submitted for…
Russian metals and mining group Mechel has sent proposals to major state-owned creditor banks to reschedule its 347.5-billion ruble debt, CFO Nelli Galeyeva said during an annual general meeting of the company’s shareholders. “We sent a proposal to our largest creditor banks in June offering changes to the schedule of the company’s debt portfolio repayment.…
The shareholders of the Russian metals and mining group Mechel have approved paying 18.21 rubles per preferred share in dividends for 2018, or a total of 2.527 billion rubles, and no dividends on common shares. The record date is scheduled for July 18. For 2017 Mechel paid 16.66 rubles per preferred share, or a total…
The Ministry of Industry and New Technologies of Tajikistan has reported a significant increase in the production of precious metals in the country since the beginning of 2019. According to the source, the gold production in January-May increased by 60.8% YoY. At the same time, silver production increased by 37.6%. However, the ministry and other…
The Proizvodstvo polimetallov (Polymetal Manufacture) subsidiary of Uralelectromed has received a new BelAZ 7540 dump truck. The machine carrying capacity is 30 tons. Daily the company operates some 11 BelAZs. This is the first machine purchased this year. The company also intends to buy a forklift truck and a front-end loader. (Ukrainian metal)
The Department of the protection of the inner market of the Eurasian economic commission has prolonged the antidumping investigation of the import of galvanized metal of Ukrainian and Chinese origin. The investigation is prolonged until October 28. The original investigation has been initiated by MMK, NLMK and Severstal. (Ukrainian metal)
