Goldregion LLC, developing alluvial gold deposits in Amur region, intends to extract 80 kg of gold this year. The company owns a license to develop the Malaya Gelenka deposit and is prospecting at the Asmakan site. Sand washing will start in late May – early June. Last year, the company extracted 77 kg of gold.…Details
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In March, Ukraine exported 59.3 thousand tons of ferroalloys valued at $74.7 million, down by 1.4%, but up by 12.6% YoY respectively. According to the customs statistics, in Q1 exports dropped by 25.8%, to 147.7 thousand tons, valued at $172.2 million, down by 17%. The share of the ferroalloys in exports was 1.25%. The main…Details
In January-March, Ukraine increased ferrous metals scrap exports 4.3-fold YoY, to 49.11 thousand tons, including 18.92 thousand tons in March. According to the State Customs Statistics, in monetary terms exports grew 5.7-fold, to $16.65 million. Imports went up by 85.2%, to 5.61 thousand tons valued at $9 million, up 2.5-fold. The main suppliers were Turkey…Details
In 2020, VTB provided 2.5 billion rubles to gold extractors of Yakutia, up by 2% YoY. The volume of precious metals bought in Yakutia grew by 9%, to over 4 tons, including 3.7 tons of gold (+4%) and 0.3 tons of silver (+125%). “In the corona-stricken year of 2020, the prices of gold and other…Details
In January-March, Ukraine decreased iron ore raw materials exports by 4.8% YoY, to 10.659 million tons valued at $1.72 billion, up by 95.1%. According to the State Customs Service, China imported the most in monetary terms (43.43%), followed by Poland (9.42%) and the Czech Republic (8.77%). Imports amounted to 1.053 thousand tons at $47 thousand…Details
Electrostal has been idle since December 2020. In Q1 2020, it produced 29 thousand tons of metal. The company did not operate from January 2020 till mid-March 2020, but then partially resumed operation. After that the company has been operating at the third of its capacity or even less. (Ukrainian metal)Details
Polevaya LLC, developing alluvial gold deposits in Magadan region, intends to extract 400 kg this year. The company will process 1.9 million cubic meters of sand. The alluvial season will start on May 15. Last year, the company extracted 380 kg of gold. (Ukrainian metal)Details
Interpipe has appointed Vitaliy Pakhomov its human resources director. Pakhomov, who has an over 20-year experience in human resources, started working on April 6. Since 2019 he has been working as the HR director at the state concern Urkoboronprom, comprising of over 100 enterprises with 68 thousand employees. For over 10 years Pakhomov has headed…Details
Interpipe Niko-Tube will construct a new line of pipe heat treatment. This will allow the company producing pipes according to API 5CT and API 5L. The equipment for the line will be supplied by Danieli SC Officine Meccaniche S. P. A. The capacity of the line will reach 170.27 tons of seamless pipes with the…Details
In January, Russia produced 18.92 tons of gold, down by 1 ton YoY. Ore gold output amounted to 15.56 tons, down from 16.12 tons. Amur region demonstrated the largest drop – by 45.9%. Krasnoyarsk region increased output by 6%, to 3.8 tons, and Chukotka by 13%, to 1.8 tons. Magadan region decreased output by 3.2%,…Details
In January-March, Sukhaya Balka decreased iron ore manufacture by 3.1% YoY, to 421.730 thousand tons. In March, 219.830 thousand tons of ore was mined. Last year, output decreased by 6.3% YoY, to 2.554 million tons. The capacity of the mine is 3.1 million tons of ore per year. Sukhaya Balka employs 3.5 thousand people. (Ukrainian…Details
In January-March, Mariupol Ilyich Iron and Steel Works increased rolled metal output by 15% YoY, to 1 million tons. Steel manufacture grew by 2.2%, to 1.07 million tons, pig iron – by 11.3%, to 1.21 million tons, and sinter – by 14.8%, to 3.35 million tons. In March, the company produced 350 thousand tons of…Details
In January-March, Ukraine scrap procurement grew by 28.2% YoY, to 930 thousand tons. The growth was due to high purchasing prices of metal companies. In Q1, metal companies received 837.7 thousand tons of scrap, up by 23.1% YoY. Stocks are estimated at 180 thousand tons. Exports amounted to 49.1 thousand tons, up almost 3-fold YoY.…Details