In January-September Kumtor Gold Company produced 451,679 ounces or 14,048.8 kg of gold and contributed more than 10.79 billion soms in taxes and mandatory payments. Kumtor produced 150,305 ounces or 4675.01 kg of gold in the third quarter compared to 122,445 ounces or 3,808.47 kg of gold in the same prior year period. The increase…
DetailsIn August Russia exported 5.2 thousand tons of nickel matte, down by 73.1% MoM, but up by 24.2% YoY. Finland was the only importer in August. In 8 months exports totaled 92.1 thousand tons, up by 71.4% YoY. In monetary terms since the start of the year the exports have increased by 37.6%. Export price…
DetailsKrasniy Octyabr Iron and Steel Works is taking part in Metal-Expo 2019. The company is actively developing contacts with potential customers. In particular, the company has met with Boya Precision Industrial Equipments co., LTD (China), which produces leveling machines for rolled sheet. Among other potential partners are PromMashTest, which inspects industrial safety, and Janitza Electronics…
DetailsIn October Ukraine exported 2.86 million tons of iron ore raw materials, down by 4% MoM. In 10 months exports grew by 8%, to 33.25 million tons. In October metal companies received 2.4 million tons of raw materials, up by 14%. In 10 months deliveries dropped by 3%, to 23.9 million tons. Iron ore concentrate…
DetailsIn December metal companies intend to produce 1.7 million tons of pig iron and steel each, as well as 1.6 million tons of rolled metal. In October Ukraine decreased steel output by 10.5% MoM, to 1.56 million tons. Pig iron manufacture dropped by 9.1%, to 1.59 million tons, and rolled metal – by 2.3%, to…
DetailsIn October Ukraine procured 254 thousand tons of scrap, up by 7% MoM. All the scrap procured was supplied to domestic metal companies. In January-October scrap procurement decreased by 13%, to 2.635 million tons. Deliveries to Ukrainian companies dropped by 5%, to 2.594 million tons, and exports – by 87%, to 41 thousand tons. (Ukrainian…
DetailsIn October Ukrainian metal companies decreased natural gas consumption by 7% MoM, to 130 million cubic meters. In 10 months consumption grew by 1%, to 1.53 billion cubic meters. Electricity consumption in October decreased by 4%, to 850 million kW-h, and in 10 months – by 3%, to 9.47 billion kW-h. (Ukrainian metal)
DetailsPresident Volodymyr Zelensky has stated that the government has transferred the needed amount of funds to pay off wage arrears to coal miners. In a post on his Facebook page, he wrote: “Wage arrears to coal miners have been paid off! I thank the Finance Ministry of Ukraine for understanding and resolving the problem”. President…
DetailsAt least 308 deposits may be affected due to the law banning development of uranium and thorium in Kyrgyzstan, an independent expert, and member of a government group Alik Zhanuzakov believes. He noted that the expert community provided its vision as soon as discussion of the bill began. “Then we said: if you pass such…
DetailsHead of Centerra Gold is expected to visit Kyrgyzstan at the end of November. The government will discuss with him payment of dividends, the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev has announced at a meeting of the Parliament. According to him, the strategic agreement on Kumtor has entered into force. It was signed back in…
DetailsThe draft state budget for 2020 envisages UAH 140 million to support the program on increasing uranium mining in Ukraine, Minister of Energy and Environmental Protection Oleksiy Orzhel wrote on Facebook. “The new investment program provides for the allocation of UAH 140 million to boost domestic uranium mining,” wrote Orzhel. According to him, investing in…
DetailsAt night the Mariupol Ilyich Iron and Steel Works was on fire. The fire broke out in the transformer of the sheet-rolling shop-1700. The fire was localized in some 15 minutes and extinguished in 10 more. The reason of the fire is as yet unknown. There were no casualties. (Ukrainian metal)
DetailsPresident of Kazakhstan Kassym-Jomart Tokayev emphasized serious environmental problems in Akmola region. “There are serious environmental problems in the region. To improve the environmental situation it is necessary to solve the issues of atmospheric air pollution in the Shchuchinsk-Borovskoy resort area”, said the President. The Head of State reminded that he repeatedly spoke about the…
DetailsCherepovets Iron and Steel Works has completed the capital repair of the mill-2000. The modernization of the laminar cooling machine cost 2 billion rubles. The repair has been carried out over 14 days. With the machine modernized the company will be able to increase sales to oil and gas companies by 140 thousand tons per…
DetailsIn August Russia exported 5.2 thousand tons of long-rolled aluminum, down by 1.2% MoM and by 17.9% YoY. Deliveries to Germany dropped by 11%, to 1 thousand tons, and to US by 24%, to 410 tons. At the same time exports to Kazakhstan grew by 27%, to 736 tons, and to Belarus – by 9%,…
DetailsSberbank has financed the Russian Copper Company enterprises. A loan agreement of $326 million has been concluded with Kyshtym Electrolytic Copper Pant (KMEZ) and Karabashmed. The funds will be used to modernize the copper electrolysis shop and construct the copper shop at KMEZ and to improve copper capacities at Karabashmed. In particular, KMEZ will increase…
DetailsIn January-September Uralelectromed received 656.2 million rubles of net profit as opposed to 294.4 million rubles of net loss in 9 months of 2018. Revenue grew by 20.3%, to 35.5 billion rubles, while gross profit dropped by 22.6%, to 3.7 billion rubles. Accounts receivable totaled 5.5 billion rubles as opposed to 5.3 billion rubles last…
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