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Backstar Holdings Limited (Cyprus) has purchased 15.46% of Seligdar shares, having increased its share from 3.75% to 19.21%. All in all the company has bought 186.6 million voting shares. The price of the purchase was not disclosed. Now the Cyprus company owns 190.4 million shares. Backstar Holdings increased its share in Seligdar in November 2019…
DetailsIn November 2019 Russia exported 63.3 thousand tons of refined copper, down by 4% MoM and by 7% YoY. Deliveries to China continued growing and reached 28 thousand tons (13 thousand tons in October 2019 and 7 thousand tons in September 2019). Exports to Germany stopped. The Netherlands imported 35% of the total volume (22…
DetailsIn November 2019 Russia imported 4.6 thousand tons of aluminum scrap and wastes, up by 70% MoM and by 60% YoY. Deliveries from Kazakhstan remained unchanged at 16.8 thousand tons. At the same time, purchases from US grew 3-fold, to 2.3 thousand tons. In 11 months of 2019 imports totaled 27.6 thousand tons, down by…
DetailsNLMK Group has published its Q4 2019 and 2019 operating results. In 2019, steel output decreased by 10% YoY, to 15.7 million tons, due to major repairs at NLMK Lipetsk blast furnace and steelmaking operations. Sales volumes decreased to 17.1 million tons, or by 3%, following the decrease in output. Sales to “home” markets grew…
DetailsThe railway wheel production by Vyksa Steel Works, a part of United Metallurgical Company (OMK), increased by 11% YoY, to 951,000 in 2019, the company said in a statement on January 20. Exports to the non-CIS states fell by 66.7%, the company said without disclosing absolute figures. The share of foreign contracts in the portfolio…
DetailsIn the fourth quarter of 2019 the total production volume of the Anglo Asian Mining PLC gold mining company operating in Azerbaijan increased by 1.7%, to 82,800 ounces in gold equivalent (81,400 ounces in 2018). Gold production amounted to 70,100 ounces, which down by 3.7%. At the same time, copper production amounted to 2.2 tons,…
DetailsAccording to the decree of the President of Uzbekistan dated January 9, until the end of the year the Tashkent Agricultural Machinery Works will start producing pig iron castings. In December the first stage of the manufacture with the capacity of 12 thousand tons of castings per year and the investments of $16.3 million will…
DetailsIn November 2019 Russia exported 2 thousand tons of ferrotitanium, down by 7.4% MoM, but up by 35% YoY. Deliveries to the Netherlands have dropped from 15.5 tons to 15.2 tons. Sales to China decreased by 61%, to 106 tons, and to Germany – by 13%, to 162 tons. In 11 months of 2019 exports…
DetailsKinross Gold has finalized the deal to purchase a project to develop the Chulbatkan deposit in Khabarovsk region from N-Mining Limited fir $283 million. The ore will be processed by ways of heap leaching. This year Kinross will invest some $10 million in prospective drilling. Estimated reserves of the deposit are 3.9 million ounces of…
DetailsRussian metals and mining group Mechel has decided not to exercise its preemptive right to buy a 49% stake in the Elga coal deposit from Gazprombank and may also sell its 51% stake in the project. Gazprombank said in August 2019 that it had received an offer of purchase of a 49% stake in the…
DetailsThe critical situation at the Mine named after Saint Matrona has been discussed in Donetsk region. Representatives of the trade unions met with the authorities of Toretsk town. The wage arrears, electricity provision as well as future operation of the enterprise have been discussed. The mine employs 457 people. For the past two months no…
DetailsIn 2019 ArcelorMittal Kriviy Rih increased rolled metal output by 11.2% YoY, to 4.7 million tons. Steel manufacture grew by 11.8%, to 5.3 million tons, and pig iron – by 14.9%, to 5.3 million tons. Moreover the company increased sinter manufacture by 14.3%, to 9.8 million tons, iron ore concentrate – by 5.8%, to 9.8…
DetailsIn 2019 Electrostal decreased continuous-cast billet output 3.5-fold YoY, to 83 thousand tons. In December 2019 the company produced 7 thousand tons of billets, in November 2019 – 3 thousand tons and in September 2019 – 1 thousand tons. In January-March 2019 Electrostal did not operate, but then partially resumed operation, working at one third…
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