In January-June, the volume of capital investments in metal industry decreased by 30.1% YoY, to 8.6 billion UAH. According to the State Statistics Service, the share of the metal industry in the total investments volume amounted to 13.6%. Capital investments in mining dropped by 37.4%, to 19.3 billion UAH, with the share of 30.5%. (Ukrainian…Details
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Azerbaijan’s export of gold increased by 13.5% YoY, to $96.5 million, in January-July 2020, department head at the Center for Analysis of Economic Reforms and Communications Nijat Hajizade reported. Azerbaijan exported gold worth $85 million during the same period of 2019. Azerbaijan exported 2,147 kg of gold to the world markets during the reporting period,…Details
Russia’s gold output rose by 2% YoY, to 138.1 tons in January-June, the Finance Ministry said quoting supplies to the refining plants. Mined gold output rose by 5.3%, to 116.38 tons, while by-product gold output decreased by 10.9%, to 8.27 tons, and production of gold scrap fell 1by 3.3%, to 13.45 tons. Russia’s silver output…Details
Interpipe Nizhnedneprovsk Pipe-rolling Works has finished repairs of annular furnaces at two rolling mills at two shops, having invested over 11 million UAH in the project. The repairs lasted for two months and were completed ahead of schedule. Interpipe NTZ produces longitudinal welded pipes with the diameter of 152 to 530 mm. Its capacities exceed…Details
The largest manufacturer of coking coal in Ukraine – the Pokrovskoye Mine Group – will not pay dividends for 2019, even though it has received a net profit of 925.01 million UAH. The annual shareholders meeting will be held on October 6 instead of April 23. The shareholders have to consider making a settlement deal…Details
Centerenergo has cleared its debts to state coal enterprises. “In August, we paid 610.04 million UAH”, the company said. This was made possible thanks to the sale of electricity until the end of the year. (Ukrainian metal)Details
In January-July, Zaporozhye Iron Ore Complex decreased iron ore output by 2% YoY, to 2.64 million tons. In July, the enterprise mined 412.1 thousand tons of ore. The company is mining ore at the depth of 301-1140 meters. In 2019, output grew by 0.3% YoY, to 4.56 million tons. (Ukrainian metal)Details
Until 2029, gold output in Russia could reach 482.1 tons (15.5 million ounces) per year. According to Fitch Solutions, this year gold output will be 351.5 tons (11.3 million ounces). In the next 9 years, output will be increasing by 3.7% per year. (Ukrainian metal)Details
Ukrzaliznytsia (Ukrainian Railways) was unable to buy 330.7 tons of rolled metal for 5.7 million UAH in the Prozorro system because of the lack of participants. In particular, the enterprise intended to buy 69 tons of hot-rolled bars with the diameter of 20 mm, 61 tons of bars with the diameter of 22 mm, 51…Details
In January-July, Ukraine produced 494.3 thousand tons of ferroalloys, down by 18.1% YoY. In 7 months, Nikopol and Zaporozhye Ferroalloy Plants (NZF and ZZF) decreased silicomanganese output by 23.9%, to 374.4 thousand tons. NZF, ZZF and Kramatorsk Ferroalloy Plant (KFZ) increased ferromanganese production by 77.9%, to 84.6 thousand tons, with KFZ producing 34.09 thousand tons.…Details
Ametistovoye gold-extracting company intends to start developing the Central and Southern sites of the Ametistovoye deposit in Kamchatka region. The Central site is expected to yield on average 800 kg of gold per year, and the Southern – 400 kg. The deposit reserves amount to 51.8 tons of gold and 177.8 tons of silver. (Ukrainian…Details
Following January-July, Ukraine occupies the 9th place among global pig iron manufacturers. According to Worldsteel, in 7 months, 790.11 million tons of pig iron were produced, down by 3.79% YoY. Ukraine manufactured 11.74 million tons, down by 1.3%. (Ukrainian metal)Details
In January-July, output of ferrous metallurgy in Kazakhstan reached 918.5 billion tenge, down by 6.2% YoY. The share of metal industry decreased from 35.7% to 31%. 3 regions account for 88% in the ferrous output. Thus, Karaganda produced 379.2 billion tenge worth of ferrous metal, up by 9.5%. It is followed by Pavlodar region and…Details