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In Q3 Highland Gold Mining Ltd produced 63.09 thousand ounces of gold equivalent, down by 11% YoY. Output decrease is explained by the drop in Belaya Gora production. Mnogovershinnoye and Novoshirokinskoye mines output remained mostly flat. In January-September gold output totaled 191.75 thousand ounces, up by 0.2% YoY. This year the company intends to mine…
DetailsAt present Ukraine gets some coal from mines on the occupied Donbass territories that pay taxes to the state. According to the energy and coal industry minister Igor Nasalik, Ukraine consumes 24 million tons of anthracite coals, with some 2.9 million tons produced at unoccupied territories. All the rest is supplied from mines in the…
DetailsIn October ArcelorMittal Kriviy Rih was reimbursed the most VAT among mining and metallurgical companies – 1.08 billion UAH. According to the State Treasury, Mariupol Ilyich Iron and Steel Works occupied the second position with 831.7 million tons, with Dneprovsky Iron and Steel Works the third (580.5 million UAH). They were followed by Azovstal (208.8…
DetailsPolyus Gold International Ltd (PGIL) of tycoon Said Kerimov is in talks to sell 25% plus one share in the Russian largest gold producer to China’s Fosun Group for $2 billion. A source reported that the negotiations were at an advanced stage, and the deal might take place in late 2016 or in early 2017.…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max August 256 390 September 250 413 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsIn Q3 Norilsk Nickel produced 87 thousand tons of copper, down by 4% QoQ. Copper output of own raw materials dropped by 5%, to 82 thousand tons. The decrease is explained by the low copper content in the raw materials and the assembly works at the Talnakh Processing Factory. In January-September Nornickel produced 264 thousand…
DetailsThe Yuzny trade seaport has received the vessel with 79 thousand tons of anthracite from the South African Republic. The delivery was timely. All the coal is intended for Pridneprovskaya thermal power plant. Unloading will take 3 days. (Ukrainian metal)
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR63.16* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.897* min max min max August 439 439 418 418 September 439 439 424 424 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsIn January-September Bratsk Aluminum Works produced 752 thousand tons of aluminum, almost flat YoY. The same situation was observed at Sayanogorsk Works, which produced 395 thousand tons. Irkutsk Aluminum Works increased output by 1.2% YoY, to 310 thousand tons, Krasnoyarsk Works – by 1.6%, to 768 thousand tons, Khakasskiy Works – by 1.6%, to 219…
DetailsOn November 9, the employees of the Lviv Coal Company intend to stop supplying coal because of the salary debts. According to the Independent Miners Union chairman Mikhail Volynets, the employees of the coal processing company haven’t been paid salary for 3.5 months. The factory processes coal mined by Lvivugol and Volynugol. On November 10,…
DetailsMonth Russian market, $/t, FCA, without VAT, $1/RUR63.16* min max August 63 174 September 63 188 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 30.09.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal)
DetailsIn January-September ChTPZ exported some 5 thousand tons of pipes to Poland. The pipes will be used in mine construction or sold in regions. The company supplies 57-219 mm diameter seamless hot-rolled pipes with 4-16 mm wall thickness and 10-89 mm diameter cold-deformed pipes with 1-4 mm wall thickness. The company share in Russian exports…
DetailsIn January-October Yuzhniy Mining and Processing Works produced 9.25 million tons of concentrate, down by 3.6% YoY. According to the company statement, its sinter output went up by 26.5% YoY, to 1.73 million tons. In October UGOK produced 1.03 million tons of concentrate and 227.6 thousand tons of sinter, up by 17.3% and by 52.6%…
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