Gold production of Polyus increased by 7% QoQ, to 804,000 ounces in October-December 2019, the company said in a statement. Revenue rose by 20%, to $1.277 billion, while an average gold price stood at $1,482 per ounce. In the whole of 2019, gold output increased by 16%, to 2.841 million ounces. Sales revenue rose by…Details
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Gazprombank is interested in selling its 49% stake in the Elga coalfield to A-Property, a company of co-founder of telecom operator Yota Albert Avdolyan, Gazprombank’s press secretary Anton Trifonov reported on January 28. On January 27, a source said that A-Property asked the Federal Antimonopoly Service to approve an acquisition of 100% in the Elga…Details
First President of Kazakhstan-Elbasy Nursultan Nazarbayev has held a meeting with Chairman of the Board of Kazatomprom JSC Galymzhan Pirmatov. Galymzhan Pirmatov briefed Elbasy on the results of the company’s work in 2019 and revealed its plan for the current year during the meeting. The Chairman of the Board highlighted the fact that Kazatomprom remained…Details
Uzbekistan’s President Shavkat Mirziyoyev has signed a decree on the export of uranium worth over $1.14 billion to Japan in the period of 2023-2030. Navoi Mining and Metallurgical Combine (NGMK) will oversee the export of the uranium to Japan. The head of the Department of Foreign Economic Relations and Sales of the Navoi Mining and…Details
Blagoveschensk Fitting Works has confirmed its correspondence to the international quality management system standard. The company QMS fully corresponds to the API Specification Q1 and ISO 9001:2015 requirements. BAZ received its first API certificate in April 2018, and had been confirming correspondence annually since then. The API auditors inspected the whole chain of pipefittings manufacture:…Details
In 2019 PMH increase pig iron output to 2.362 million tons. Coke manufacture grew by 2%, to 2.592 million tons, and sales – by 10%, to 2.689 million tons due to the increase of exports. Coal mining in the second half of 2019 increased by 43% HoH and by 8% YoY, to 1354 thousand tons.…Details
The government must pay attention to low consumption of metal products in Ukraine, Metinvest CEO Yuri Ryzhenkov declared. According to him, in Ukraine steel consumption per capita is one of the lowest. In particular, it’s much lower than in neighboring Poland and Russia. “The government should think on how to improve the domestic demand for…Details
The state enterprise Yuzhniy Machine-Building Works named after Makarov has concluded an agreement with Alfa-Metal LLC (Russia) on the delivery of aluminum valued at 42.9 million UAH. This year the company has to supply rolled aluminum with the total weight of 88724 kg. Since 2017 Yuzhmash has concluded 4 agreements with Alfa-Metal on the purchase…Details
In 2019 Zabaikalye railroad transported 209.1 thousand tons of TEU containers, up by 32.3% YoY. In particular, transportation of metal wares grew by 43.5%, to 28.3 thousand containers, ferrous metals – more than 2-fold, to 4 thousand containers, and non-ferrous metals – by 16.3%, to 2.4 thousand containers. At the same time transportation of ferrous…Details
In 2019 Sverdlovsk railroad transported 32.8 million tons of cargo in Nizhniy Tagil region, up by 2.9% YoY. In particular, transportation of ferrous metals grew by 4%, to 4.6 million tons, and coke – by 10.9%, to 0.6 million tons. At the same time transportation of iron ore dropped by 2.7%, to 11.7 million tons,…Details
In 2019 Cherepovets Iron and Steel Works considerably decreased the volume of energy resources purchases. Thus, the company was able to save 36.6 million kW-h of electricity, 350 thousand tons of fuel and 16 million cubic meters of oxygen. The decrease is due to reconstruction of some of CherMK capacities. Last year electricity consumption totaled…Details
In 2019 Petropavlovsk PLC produced 517.3 thousand ounces of gold, up by 42.2% YoY. The growth is due to the increase of gold content in ore at Albyn and Malomyr mines. This year the company intends to produce 620 to 720 thousand ounces of gold. Last year Petropavlovsk sold 514 thousand ounces of gold, up…Details
In 2019 Sakhalin increased coal output by 10.2% YoY, to 11.9 million tons. The annual target – 11.4 million tons – was exceeded by 4.2%. The Eastern Mining Company LLC provided the most coal volumes – 10 million tons. Sales outside the region totaled 11.5 million tons, including 126 thousand tons to the other Russian…Details