Mining at a depth of more than 47,000 meters was performed at all fields of Azerbaijan’s AzerGold CJSC mining company, Chairman of the Executive Board of AzerGold Zakir Ibrahimov said at a company’s press conference on the results of 2019. Ibrahimov added that this indicator was the highest in the mining industry in Azerbaijan. “Thus,…Details
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In 2019, 19 metal and mining companies entered the top-100 taxpayers in Ukraine according to the Rating Magazine. In particular, among them Yuzhniy Mining and Processing Works paid the most – 3404.5 million UAH, up by 1.19% YoY. It is followed by Severniy GOK – 3399.3 million UAH (+20.11%), ArcelorMittal Kriviy Rih – 3311.02 million…Details
In 2019 the volume of capital investments in metal manufacture grew by 29.7% YoY, to 30.49 billion UAH. At the same time, the growth of capital investments in Ukrainian economy slowed down to 15.5%. In 2018 investments grew by 16.4%, and in 2017 – by 22.1%. (Ukrainian metal)Details
Tulachermet, a part of PMH, intends to shut down its blast furnace No. 3 for capital repairs in late March. Earlier the company intended to conduct repairs in April-May. The furnace will be shut down for a month. The blast furnace No. 3 is the largest at Tulachermet. It is capable of producing 4.5 thousand…Details
In March Tula-Steel expects to decrease rebars output and sales. This is explained by higher profits from the sales of pig iron and steel billets, as well as the transfer of scheduled blast furnace No. 3 repair at Tulachermet from April to March. “With the launch of Tula-Steel, PMH has become more flexible – we…Details
In 2019, VSMPO-Avisma increased revenue from 89069 million rubles to 90128 million rubles, or by 1.2% YoY. Sales profit dropped by 25%, to 23807 million rubles. Net profit grew by 23.8%, to 23264 million rubles. EBITDA increased by 6339 million rubles, to 34494 million rubles. The corporation paid 7900 million rubles of taxes last year.…Details
In December 2019, Russia imported 14.2 thousand tons of ferrosilicomanganese, down by 9% MoM and by 30% YoY. Deliveries from Georgia decreased from 7.1 thousand tons to 5.5 thousand tons and from Kazakhstan – from 7.5 thousand tons to 7.1 thousand tons. In 2019 imports totaled 179 thousand tons, down by 7% YoY, with value…Details
In December 2019, Russia exported 10.3 thousand tons of ferrochrome, up by 18% MoM and by 30% YoY. Deliveries to the Netherlands remained unchanged at 6.7 thousand tons, but to Japan grew from 20 tons to 2.3 thousand tons. In 2019 exports totaled 119 thousand tons, up by 19% YoY. Value of exports dropped by…Details
In 2019, MMK Group’s shipments to the Russian market, including MMK-Lysva Metallurgical Plant, amounted to more than 8.3 million tons of metal products, up by 8% YoY. Denis Chernenko, Head of MMK’s Marketing Department spoke about this at the 13th Russian Conference “Regional Metal Trade of Russia” in Sochi. Shipments of hot-rolled steel accounted for…Details
It is planned to increase the tax rate on income of mining and processing enterprises by three percent, if they sell and process gold outside the republic. The Government put forward the initiative. The Ministry of Economy notes that the proposed amendments to the Tax Code will streamline the management of taxation of income of…Details
Threat of coronavirus does not affect price of gold in Azerbaijan According to forecasts and researches of international financial institutions, prices of precious metals in Azerbaijan remain stable amid rising prices in the world associated with the threat of coronavirus, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov has said at a company’s…Details
AzerGold CJSC, Azerbaijani leading mining company, plans to start mining at the Aghyokhush and Marah ore fields, discovered by the company geologists, in 2021, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov said at the company’s press conference on the results of 2019. Ibrahimov added that the potential of reserves of the Aghyokhush…Details
Turkey’s steel exports to Uzbekistan decreased in January, the Turkish Trade Ministry reported. Turkey steel exports to Uzbekistan exceeded $3.2 million in January, down by 38.72% YoY. Steel exports from Turkey to Uzbekistan decreased by 14.8% YoY in 2019, to $56.8 million. (Trend/Ukrainian metal)Details