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“As soon as we receive official notification about denial of permission to pledge a license, we will make an administrative complaint to the State Committee for Industry, Energy and Subsoil Use of Kyrgyzstan, stating our position on this issue,” said Director of Alliance Altyn LLC Mikhail Shubin. According to him, a collateral is needed all…
DetailsThe Russian central bank bought about 92 tons of gold in July-September, a quarterly record for the country, which is now selling dollar-denominated assets actively, the World Gold Council said in a report on November 2. Russia’s gold reserves exceeded 2,000 tons for the first time ever and now account for 17% of the global…
DetailsSeverstal has produced 300 tons of galvanized rolled metal with polyurethane coating under the brand of Steel Cashmere, which will be used in the construction of the Cuban infrastructure. In particular, the light-grey metal will be used in the construction of a locomotive depot of the Ministry of Transport. “High exploitation features of the Steel…
DetailsIn July-September Petropavlovsk Plc, extracting gold at four mines in Amur region, obtained 102 thousand ounces, on par with the corresponding period of 2017. Pioner provided 30.2 thousand ounces of gold, Pokrovsky – 0.7 thousand ounces, Malomyr – 32.6 thousand ounces and Albyn – 38.5 thousand ounces. In January-September gold output dropped by 10% YoY,…
DetailsIn January-September KAZ Minerals produced 216.8 thousand tons of copper, up by 12% YoY. In Q3 copper output grew by 7%, to 77.2 thousand tons, mostly thanks to the increase in the volume of ore processing. In 9 months zinc concentrate manufacture dropped to 38.3 thousand tons from 45.8 thousand tons. Gold output totaled 135…
DetailsNoginsk Pipe-Sections Works has started manufacturing round electric welded pipes. So far the company can produce pipes with the diameter of 57 mm and 20 mm. By the end of the year the company intends to have mastered the manufacture of pipes with the diameter of 15, 25, 32, 40 and 50 mm. (Ukrainian metal)
DetailsThe British-Swiss company Ferrexpo, which controls Poltava and Yeristovo Mining and Processing Works, at present does not see any threat to its operation from being entered into the Russian sanctions list. This has been officially stated by Ingrid McMahon, the group Head of Investor Relations and Corporate Communications. On November 1 the Russian government adopted…
DetailsThe net debt of KAZ Minerals as of September 30 decreased to $1.986 billion from $2.052 billion as of June 30. In Q3 the company also paid interest on the loans in the amount of $99 million. Royalty payments totaled $49 million. The gross debt of the group is $3.502 billion. (Ukrainian metal)
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