According to the Federal Customs Service, in January-April Russia exported 71.9 tons of gold, up 7.9-fold YoY, valued at $3.8 billion. Over 50% of all gold was exported in April – 41.8 tons ($2.2 billion), up 14-fold YoY. In particular, the UK bought 29.6 tons ($1.6 billion), Switzerland – 7.1 tons ($383 million) and Turkey…
DetailsIn order to obtain new licenses to develop deposits, the United Mining and Chemical Company together with the State Service of Geology and Subsoil will create working groups. It is expected that the new licenses will provide for raw materials extraction for 10 more years. This will also mean a long-term development of the Irshansk…
DetailsIn May, Ukraine exported 4.9 thousand tons of scrap valued at $1.2 million, down by 39.9% and by 52.3% YoY respectively. According to the customs statistics, in April Ukraine exported 256 tons of scrap valued at $101 thousand. In 5 months, exports decreased by 54.8%, to 16.5 thousand tons valued at $4.2 million, down by…
DetailsIn May, Ukraine exported 242.3 thousand tons of pig iron, up by 27.9% YoY, valued at $65.8 million, up by 6.7%. According to the customs statistics, compared with April, exports grew by 6%, but revenue decreased by 12.9%. In 5 months, Ukraine exported 1.202 million tons of pig iron, up by 14.8%, valued at $352…
DetailsOn June 7, rock caved-in at two mines in the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia. One person perished and another sustained injuries. One of the accidents happened at the Kholodnaya balka mine of the state enterprise Makeyevugol, while another at the Komsomolets Donbassa mine in the town of…
DetailsIn January, Russia produced 19.92 tons of gold, up by 13.9% YoY. The share of by-product gold amounted to 1.49 tons, up by 23.1%, and secondary gold – 2.31 tons, up by 2.7%. The rest was extracted gold (16.12 tons). Traditionally, the Far Eastern Federal District provides for over 50% of extracted gold. In January,…
DetailsIn January-May, Ukraine decreased revenue from ferrous metals export by 19% YoY, to $3.3 billion. According to the customs statistics, in May revenue totaled $601.5 million. The share of ferrous metals in the overall export currency volume decreased by 16.86% from 19.47%. Import of ferrous metals dropped by 23.4%, to $377.9 million. (Ukrainian metal)
DetailsIn April, metal companies were provided with scrap for 94.2% and in the first 5 months – for 101.3%. In May, scrap deliveries decreased by 44.6%, to 174.9 thousand tons, and in January-May – by 19.7%, to 1.1 million tons. The largest consumers were Metinvest enterprises and Dneprovsky Iron and Steel Combine (41.2 thousand tons),…
DetailsPobuzhye Ferronickel Plant will invest $6.4 million in the reconstruction of its gas-purifying equipment. In particular, the company has started working on the project to reconstruct the third stage of gas-purifying equipment. The company has already installed a reserve smoke-exhaust system. The cost of assembly reached 300 thousand UAH. (Ukrainian metal)
DetailsThe State Property Fund was able to replace the director of Zaporozhye Titanium and Magnesium Works LLC based on a decision taken by the Cabinet of Ministers back in February. “Last week we returned Centerenergo to the state, and now have secured state control over ZTMK. The Unified registry of entities now has information about…
DetailsDneprovsky Iron and Steel Works has resumed shipping metal after more than 6 months of idleness. The company has sent out 167 carriages with sinter from the Goryainovo and Kaydakskaya stations. On June 10, DMZ plans to ship 13 thousand tons of metal products (220 carriages) from the Kaydakskaya station. The batch will comprise channel,…
DetailsMany coalmines are closed in the temporarily occupied territories of Donbas, and a large number of local residents become unemployed. The closure of Ukrainian coalmines is beneficial for the Russian Federation, which wants to trade its own coal, Vice Prime Minister – Minister for the Temporarily Occupied Territories of Ukraine Oleksiy Reznikov has said. “The…
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