Units of Russian state nuclear corporation Priargunsky Industrial Mining and Chemical Union (PIMCU) and Atomredmetzoloto (ARMZ), as well as gold miners White Gold and Polyus Magadan have submitted bids for an auction for the republic of Yakutia’s second largest gold deposit Kyuchus, the Federal Mineral Resources Agency said in a statement on September 23. The…Details
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The London Bullion Market Association (LBMA) has removed Kyrgyzaltyn OJSC from the LBMA Good Delivery List. The Kyrgyz company is not included in the list of reliable suppliers that could negatively affect the activities of the refinery, the cost of gold and the investment attractiveness of Kyrgyzstan. Executive Director of the International Business Council (IBC)…Details
The chairman of the State Service of Geology and Subsoil of Ukraine Roman Opimakh has held a meeting with the head of the Marubeni Corporation representative office in Ukraine Ashitani Yasukhiro. The corporation is interested in “green” investments in Ukraine and raw materials to produce batteries for electric cars and devices. In particular, they are…Details
Novokramatorsk Machine-Building Works has produced a skip hoisting machine to lift gold-containing ore for Navoi Mining and Processing Works in Uzbekistan. This is the second hoisting machine produced for the Uzbekistan works. The first was shipped in August. It is intended to transport people and equipment. In 2020, NKMZ increased sales by 0.9% YoY. (Ukrainian…Details
In January-July, Kazakhstan extracted 62.8 million tons of coal, down by 0.5% YoY. Pavlodar region produced 37.2 million tons, down by 2.3%, Karaganda – 21.1 million tons and East-Kazakhstan region – 4.2 million toms. Kazakhstan exported 16 million tons of coal valued at $254.9 million, up by 29.2% and by 31.9% YoY respectively. Exports to…Details
The largest gas-extracting company in Ukraine – Ukrgazdobycha – intends to buy 343.3 tons of sheet metal valued at 20.7 million UAH. In particular, the company will buy 0.3 tons of 65G sheets, 60 tons of cold-rolled sheets and 283 tons of hot-rolled sheets. The auction is scheduled for November 23. The offers are accepted…Details
In January-July, Ukraine increased iron ore exports to Turkey 4-fold YoY, to 728.3 thousand tons. In July, exports amounted to 156.3 thousand tons, up by 57.9%. Ukraine is the fourth largest supplier of iron ore to Turkey with the share of 11%. (Ukrainian metal)Details
Interpipe Niko Tube has completed an investment project to create its own manufacture of cold-drawn pipes with the diameter of 21 to 32 mm. Trial batches have already been produced and the company has started fulfilling the first order. Small-diameter cold-drawn pipes are one of the directions in developing sales of pipes for machine-building. There…Details
In August, Ferrexpo decreased pellets output by 11.2% YoY and by 14.9% MoM, to 870 thousand tons. In January-August, manufacture grew by 1%, to 7.43 million tons. In H2, the company expects an increase in output by 0.5-1 million tons per year, as in H1 modernization of manufacture was carried out. (Ukrainian metal)Details
In January-August, trade turnover with Turkey amounted to $1.28 billion, including $211.96 million of exports, up by 63.2% YoY, and $10.7 billion of imports, up by 27.8%. Exports of semi-finished pig iron and unalloyed steel products occupied the fourth position amounting to 36.386 thousand tons, up by 62.1%. In monetary terms exports increased by 140.5%,…Details
In January-August, Magadan region yielded 33.41 tons of gold, up by 4% YoY. Ore gold accounted for 20.94 tons (+6%) and alluvial gold for 12.47 tons (+2%). Silver output amounted to 407 tons. This year, the region intends to produce 48 tons of gold and 580 tons of silver. Last year, the results were 49.14…Details
In January-August, Ukraine increased rolled metal consumption by 20.07% YoY, to 3.5 million tons. 712.9 million tons were imported, or 20.32% of the domestic consumption. In January-August 2020, the volume of the market was 2921.6 thousand tons with 762.6 thousand tons imported, or 26.1%. Thus, the volume of the market grew by 20.07%, while the…Details
In January-August, ArcelorMittal Kriviy Rih increased pig iron output by 11.3% YoY, to 3.72 million tons. Rolled metal manufacture dropped by 0.2%, to 3.1 million tons, while steel grew by 4.1%, to 3.32 million tons. In August, AMKR produced 400 thousand tons of rolled metal, 415 thousand tons of steel and 440 thousand tons of…Details