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ArcelorMittal intends to invest some $1.5 billion in the development of its Kriviy Rih plant. This year $400 million will be invested. In 2006-2017 investments totaled $4.5 billion. Earlier AMKR has completed the scheduled reconstruction of the blast furnace No. 7, and commissioned 450 open cars. (Ukrainian metal)
DetailsIn January-September KAZ Minerals increased raw copper output by 12% YoY, to 216.8 thousand tons. According to the group statement, in Q3 output grew by 7% QoQ, to 77.2 thousand tons. Zinc manufacture in 9 months decreased to 38.3 thousand tons from 45.8 thousand tons last year. (Ukrainian metal)
DetailsThe Ministry of industry and trade intends to link the state support to agriculture machine-building to the use of Russian aluminum from 2020. The ministry has prepared and published amendments to the rules of budget subsidizing of deals with agricultural machines. Now, in order to receive the state support, the manufacturers have to provide a…
DetailsIn January-September the average time of ferrous metals scrap deliveries by railroad to metal works totaled 5.4 days, up by 16.4% YoY. At the same time, for the batches weighing up to 260 tons (77% of all deliveries) the delivery time was 5.62 days, up by 17.3%. The smallest increase (by 5.6%) was for the…
DetailsThe drilling has confirmed the reserves of tungsten and molybdenum at the North Katpar deposits in Karaganda region. According to Tau-Ken Samruk, the reserves total some 90 thousand tons of tungsten and 13 thousand tons of molybdenum. The main difficulty with the development of the deposit is the lack of processing techniques in Kazakhstan. So…
DetailsRussian gold producer Polymetal International has agreed to sell the Kapan gold ore field in Armenia to Chaarat Gold, which mines gold in Kyrgyzstan, for $55 million, Polymetal said in a statement on October 30. “Polymetal International Plc has signed a legally binding agreement with Chaarat Gold Holdings Limited to sell the Kapan mine in…
DetailsPrices of gold, silver and palladium decreased, while platinum rose in price in Azerbaijan on October 30, according to the data published by the Central Bank. The price of gold dropped by 8.9165 manats, to 2,087.413 manats per ounce on October 30 compared to the price on October 29. The price of silver fell by…
DetailsIn January-August Russia imported 358.7 thousand tons of ferrous metal scrap from Kazakhstan, down by 13.4% YoY. According to the customs statistics, the average price was $266.4 per ton without VAT, up by 44.7%. In 8 months the cost of scrap increased by 8.1%, to $94 million. (Ukrainian metal)
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