The gold output of Petropavlovsk Plc, which operates gold deposits in Russia, decreased by 4.4% YoY, to 107,700 ounces, or 3.35 tons, in January-March, the company said. Petropavlovsk still plans to raise gold production to 450,000-500,000 ounces in 2019 from 422,300 ounces produced in 2018. The total cash costs may also rise to $850-950 per…
Government of Kyrgyzstan has not yet decided what will happen to the uranium deposit, the Prime Minister Mukhammedkaly Abylgaziev announced at the meeting of the Parliament. Deputy Kamchybek Zholdoshbaev asked what would happen to the uranium deposit in Issyk-Kul region. Mukhammedkaly Abylgaziev noted that incorrect information about uranium was disseminated. “YurAsia company was registered in…
From April 1, Interpipe has increased the wages of its industrial personnel by 20% on average. On April 22, the employees received an advance payment with the increase. “Interpipe is one of the largest employers in the region. At our enterprises in Dnepr, Nikolaev and Novomoskovsk we employ 12 thousand people. All the salary is…
Sumgait Technologies Park (STP) has launched the supply of aluminum sections to Poland. This is the first export of aluminum profiles to Poland in the history of Azerbaijan. Negotiations on sales started in January and test products were sent to the customer company in late March. The customer originally ordered 20 tons of products as…
In January-March, TMK sold 966 thousand tons of pipes, down by 2% YoY and by 4% QoQ. The negative dynamics was mostly caused by the drop in sales in the American division. At the same time OCTG pipes sales increased by 4% YoY, to 481 thousand tons. This year TMK expects pipe consumption by Russian…
In January-March, Bratsk Ferroalloys Works increased exports by 30% YoY. The company was shipping ferrosilicon 75. The main suppliers were Japanese companies that used Bratsk ferroalloys to produce steel. The company does not disclose export volumes. In 2018 BZF exported 76 thousand tons of ferrosilicon, up by 10.1% YoY, including 54 thousand tons of FS65…
The Ministry of Industry and Geology of the Republic of Sakha (Yakutia) has set a monthly gold and silver output plan for the year. Until the end of the year the region has to extract 28.8 tons of gold (29.5 tons in 2018). In particular, the Aldansk district is expected to yield 12.4 tons of…
Magnitogorsk Iron and Steel Works (MMK) invested over 58 billion rubles in environmental activities in 2000-2018, including 9 billion rubles in the last year alone, according to the company’s environmental report, published on its official website. The report was prepared in order to inform all stakeholders about the company’s efforts in the field of environmental…
