Copper Technology, a part of the Russian Copper Company, has started constructing a mine at the 50 Let Oktyabrya deposit. The construction will last for 4 years. It is expected that mining operations will start in 2024. The deposit was discovered in 1964 and is one of the largest copper-pyrite deposits in Kazakhstan. Reserves of…Details
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In January-June, Kurilgeo LLC, developing gold and silver deposits on the Urup Island in Sakahlin region, extracted 555 kg of gold, up by 26.8% YoY. Silver output dropped by 15.8%, to 1.114 tons. Ore extraction grew by 6%, to 355 thousand tons. Sales revenue amounted to 2.387 billion rubles, up by 50.8%. (Ukrainian metal)Details
Kyiv Subway has signed an agreement with Sota Ukraine LLC for the delivery of R-50 rails valued at 47.19 million UAH. The company has won an auction against Metinvest SMC LLC. Both companies have offered the rails manufactured by Azovstal, but Sota’s offer was 1% cheaper. According to the agreement, R-50 rails cost 39.33 thousand…Details
On July 23-30, metal companies increased buying prices for scrap from 7800 UAH to 9600 UAH per ton. Scrap deliveries to metal companies dropped from 63.9 thousand tons to 61.4 thousand tons. Scrap need was estimated at 60.2 thousand tons. Scrap stocks amounted to 190 thousand tons, down from 224 thousand tons a week earlier.…Details
In January-July, Ukraine exported $7.55 billion worth of ferrous metals, up by 66.9% YoY. According to the State Customs Service, in July exports revenue amounted to $1.4 billion, up by 126% YoY. The share of ferrous metals in the export structure grew from 16.9% to 21.2%. Ferrous metals import went up by 27.1%, to $710…Details
In July, Zaporizhstal produced 349.7 thousand tons of pig iron, 326.3 thousand tons of steel and 279.4 thousand tons of rolled metal. In July 2020, output totaled 343.4 thousand tons of pig iron, 304.5 thousand tons of steel and 255.4 thousand tons of rolled metal. In January-July, Zaporizhstal produced 2.534 million tons of pig iron,…Details
In January-June, Severniy Mining and Processing Works increased pellets output by 24.8% YoY, to 3.4 million tons. Iron ore concentrate manufacture grew by 7.9%, to 6.78 million tons. In June, SevGOK produced 600 thousand tons of pellets and 1.16 million tons of concentrate. (Ukrainian metal)Details
In January-June, Interpipe NTZ increased net profit by 54.1% YoY, to 163.58 million UAH. Net income dropped by 23.3%, to 4.18 billion UAH. Undistributed profit amounted to 4.32 billion UAH. In Q1, the company received a net profit of 11.3 million UAH as opposed to a net loss of 255.88 million UAH in Q1 2020.…Details
Nika LLC has become a resident of the Arctic Zone of Russia with a project to develop an alluvial gold deposit at the Srednyaya Orlovka River in Chukotka. The company received a license in 2019. The deposit C1 reserves amount to 75 kg of gold. The cost of the investment project is 34.5 million rubles.…Details
In January-June, Central Mining and Processing Works decreased pellets output by 3.3% YoY, to 1.12 million tons. In June, output totaled 200 thousand tons. CGOK decreased iron ore concentrate manufacture by 4.7%, to 2.27 million tons, with 400 thousand tons produced in June. (Ukrainian metal)Details
In January-June, Ukraine increased metal structures output by 14% YoY, to 182.6 thousand tons. In particular, manufacture of prefabricated construction structures grew by 23.3%, to 33.6 thousand tons, towers and masts – by 78.9%, to 3.1 thousand tons, and reservoirs and tanks – by 4.6%, to 11 thousand tons, while metal containers for liquefied or…Details
Uzbek President Shavkat Mirziyoyev on July 29 laid the first stone in the foundation of a $2-billion copper-processing plant. The new factory is to be erected within the country’s only copper producer, Almalyk Mining and Metallurgical Complex (AMMC). It will process 60 million tons of ore annually. At the second stage, according to plans, the…Details
In January-June, Ukraine produced 414.8 thousand tons of ferroalloys, down by 1.4% YoY. Nikopol Ferroalloys Plant (NZF) and Zaporozhye Ferro Alloy Works (ZZF) increased silicomanganese output by 2.4%, to 321.5 thousand tons. NZF, ZZF and Kramatorsk Ferroalloys Works (KFZ) decreased ferromanganese manufacture by 32.8%, to 51.3 thousand tons, with KFZ not operating the whole time.…Details