Last week, the price of one ounce of gold decreased by 14.4 manats ($8.4) or by 0.5%. The average price of one ounce of gold stood at 2,663 manats ($1,566). The price of one ounce of silver dropped by 0.17 manats ($0.1) or by 5.7%, to 30.1 manats ($17.7). The price of one ounce of…Details
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Russian gold producer Uzhuralzoloto Group of Companies (UGC) has closed an acquisition of a 28.34% stake in Petropavlovsk Plc from a subsidiary of AEON Corporation of businessman Roman Trotsenko, UGC said in a statement. “The stake consists of shares that account for 22.37% of the shareholder equity and of convertible bonds that account for 5.97%…Details
In January Yuzhniy Mining and Processing Works produced 986.4 thousand tons of iron ore concentrate. Compared with December 2019, the output grew by 2.2%, or by 21.3 thousand tons. At the same time, compared with January 2019 the manufacture fell by 10.5%. (Ukrainian metal)Details
The Uralelectromed subsidiary producing polymetals received a new diesel forklift loader with the lifting capacity of 5 tons. The cost of the machine exceeds 2 million rubles. “The forklift loader conveniently operates both on open spaces and inside. The need for this machine for us is high”, the company automobile department head Vyacheslav Grekhov said.…Details
In January Ukraine received $713.29 million from the exports of ferrous metals, down by 27.2% YoY. According to the State Tax Service, ferrous metals accounted for 17.16% of total exports as opposed to 24.11% in January 2019. In December 2019 ferrous metals export revenue totaled $521.764 million. Imports dropped by 19.6%, to $64.61 million ($93.86…Details
In January Ukraine exported 2,865 thousand tons of scrap, down by 8.8% YoY, valued at $795 thousand, down by 15.1%. According to the State Tax Service, in December 2019, 1,270 thousand tons of scrap were exported. At the same time, in January Ukraine imported 392 tons of scrap, down by 89.8%, valued at $446 thousand,…Details
In 2019 Valki-Ilmenite and Mezhdurecensky Mining and Processing Works, parts of Group DF titanium business, increased ilmenite ore output by 13.7% YoY, to 3.2 million tons. Ilmenite concentrate manufacture grew by 7.2%, to 150 thousand tons. Almost 57% were sold to the state enterprise Sumyhimprom, and 43% – exported to Europe. Tax payments increased by…Details
In Q4 2019 Ferrexpo shipped 2 Capesize ships via the Yuzhniy Sea Trade Port, and in 2020 – 5. The volume of each ship was 175 thousand tons of iron ore pellets. In Q4 2018 the company did not ship pellets via the port, and in Q1 2019 it was able to load only a…Details
Norilsk Nickel and Russian Platinum have signed an agreement in the framework of the Arctic Palladium joint venture. The agreement to create the joint venture on the basis of Taimyr platinum deposit was signed in February 2018. At that time Interros owner Vladimir Potaniun estimated his investments in the project at 250 billion rubles. In…Details
Severstal-Metiz is commissioning a new site to produce stabilized reinforcement strands. Investments total 400 million rubles. The project aims to increase strand manufacture by 1800 tons per month. Thus, the company capacity will reach some 5 thousand tons of reinforcement strands per month. (Ukrainian metal)Details
In 2019, MMK’s shipments of rolled steel to the domestic market, including the CIS countries, exceeded 9.7 million tons – a record for the entire post-Soviet history of the company. The plant set its previous record for shipments to the domestic market in 2014, with 9.588 million tons. Over the past 25 years, MMK has…Details
Ukrainian President Volodymyr Zelensky has promised to develop and discuss with the public the plans to reform and modernize coalmines. He stated this at a meeting with employees of the Mezhyrichanska coal mine of the Lvivvuhillia state enterprise in Chervonohrad on February 6. “First there will be plans, then we will discuss them with the…Details