Russia’s gold output rose by 9.4% YoY, to 39.71 tons in January-February, the Finance Ministry said citing the data on supplies to the refining plants. Mined gold output rose by 11.8%, to 31.75 tons, and by-product gold output increased by 10.5%, to 2.85 tons, while gold scrap production fell by 3.8%, to 5.11 tons. Russia’s…Details
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Following repairs, Dneprovsky Iron and Steel Works has commissioned its rolling shop No. 1. The first ingots have already been rolled. Earlier DMZ commissioned its blast furnace No. 2 after repairs. The next in line are the oxygen-converter and rolling shops. In 2019, DMZ decreased rolled metal manufacture by 43% YoY, to 449 thousand tons.…Details
According to TUIK, in April Turkey imported 84 thousand tons of pig iron, up by 40.2% MoM, but down by 45.4% YoY. The cost decreased by 31.4%, but grew by 48.4% respectively, to $28.6 million. In 4 months, Turkey imported 420 thousand tons of pig iron, down by 12.3% YoY. In monetary terms imports decreased…Details
Since the start of the year, Chukotka Autonomous District has extracted over 9 tons of gold, up by 5% YoY. Almost half of the total volume was extracted by Chukotka Mining and Geological Company at the Kupol deposit – 4.2 tons of gold and 35.2 tons of silver. Total silver output amounted to 41 tons.…Details
Ukrainian Railways have concluded 21 agreements with Druzhkovka Metal Wares Works for the purchase of metal wares valued at 61.25 million UAH. This year, the works has to supply 1176 tons of fasteners of its own make: 168 tons of fishbolts with nuts at 59,632 UAH per ton; 392 tons of terminal bolts with nuts…Details
Ukrzaliznytsia (Ukrainian Railways) has announced auctions to sell scrap via the ProZorro system. The enterprise will sell 15 lots of ferrous metals scrap with the combined weight of 17.9 thousand tons. The combined price is 68.5 million UAH. The auction will take place on June 19. This year, Ukrzaliznytsia intends to sell 26 thousand tons…Details
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…Details
In 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…Details
In 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…Details
In 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…Details
On 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…Details
In 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,…Details
In 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)Details