The State Property Fund has cancelled the privatization auction of the United Mining and Chemical Company scheduled for August 31, as only one company has been allowed to participate. The fund received 3 offers, with two companies providing incomplete package of documents. The fund still hopes to hold the auction this year and expects more…Details
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Metinvest-SMC has won an auction in the Prozorro.Public sales system to supply 44 thousand tons of R-65 rails valued at 1.5 billion UAH to Ukrzaliznytsia. Sota-Ukraine LLC also participated in the auction, but Metinvest-SMC offered lower price. The rails have to be supplied until the end of the year.Details
The Main State Expertise Service of Russia has approved design documentation for the reconstruction of the Duetskaya non-ferrous metals processing factory. The factory is situated in the Republic of Sakha (Yakutia) and is intended for the processing of gold-containing ore from the Duet deposit discovered in 1950. Output at the deposit amounts to 120 thousand…Details
Minerals Metals Group (MMG, China) will buy $3.2 million worth of the United Mining and Chemical Company products according to a contract dated August 18 and six amendments dated August 25. Some employees said that shipping had already begun. The Chinese middlemen have already made a prepayment for 680 tons rutile concentrate at $1690 per…Details
The Far Eastern department of Russia’s Federal Mineral Resources Agency plans to hold an auction for a 25-year license for the Bakhtarnaksky gold deposit, located in the Zabaikalsky region, with a starting bid of 48.4 million rubles, on October 21. Bids are collected until September 21. The deposit’s resources are estimated at 10 tons of…Details
Russia’s production of unrefined, semi-refined or powdered gold decreased by 2.2% YoY, but rose by 16.1% MoM in July, the Federal State Statistics Service reported. In January-July, production of gold fell by 0.9% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)Details
The US Department of Trade following an antidumping investigation will impose duties on the import of high-pressure seamless pipes from Russia, South Korea and Ukraine. In particular, the duty for Ukraine will be 23.75%, for Russia – 209.72% and for Korea – 4.48%. In 2020, Russia supplied 11.47 thousand tons of pipes to the USA,…Details
In July, Ukraine increased steel output by 7.1% YoY, to 1.88 million tons. Thus, the country was able to retain its 14th place among 64 major steel manufacturers. Ukraine is expected to produce 21.92 million tons of steel this year, up by 6.3% YoY. (Ukrainian metal)Details
The Cabinet of Ministers has decided to appoint the United Mining and Chemical Company member of the board Yegor Perelygin the company acting chairman. The decision was agreed with the State Property Fund. Previously Arthur Somov was the acting chairman of the company. (Ukrainian metal)Details
In January-June, Centravis transferred 133.6 million UAH to budgets of all levels. In particular, state budget received 73.1 million UAH, local budgets – 25.77 million UAH and non-budget funds – 34.78 million UAH. This year, the company will spend 140 million UAH (EUR 4 million) on projects connected with environment and energy efficiency. While overall…Details
Lena Miners Team LLC, developing alluvial sites in Irkutsk region, has this year extracted 155.3 kg of gold, up by 10.4% YoY. This year, the output target is 200 kg. Last year, the company extracted 350.3 kg of gold with the target of 355 kg. The alluvial season will last until the end of September…Details
The Russian government has ordered to auction the right to develop the Kyuchus gold and silver deposit in Yakutia in 2021 with a starting price of 2.21 billion rubles. The deposit shall be used for the purposes of geological study, exploration and production of gold, silver and the associated components and the use of mining…Details