Armenia: re-launch of Teghut mine possible

The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…

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Ukraine: rolled metal imports up in 2018

In 2018 rolled metal consumption in Ukraine grew by 6.36% YoY, to 5.388 million tons.

Deliveries of domestic companies to the local market went up by 5.37%, to 3.946 million tons.

Imports grew by 10.78%, to 1.442 million tons.

Flat metal dominated over the bars in the import structure (51.05% vs 45.9%). (Ukrainian metal)

Ukraine: Standard&Poor’s improves Metinvest ratings

S&P Global Ratings has confirmed the long-term ratings of Metinvest in the national currency at B- with positive outlook (the previous being stable).

Earlier International Financing Review named Metinvest refinancing its debt the deal of the year among developing states.

In January-September 2018 Metinvest consolidated revenue increased by 46% YoY, to $9.063 billion. (Ukrainian metal)

Kazakhstan: copper ore mining up in 2018

Last year copper ore mining reached 103.2 million tons, up by 8.2% YoY.

Copper concentrate output grew by 15.7%, to 12.9 million tons, and copper in copper concentrate – by 15.5%, to 580.6 thousand tons.

At the same time copper-zinc ores mining dropped by 4.2%, to 4.8 million tons. (Ukrainian metal)

Russia: gold and silver output up in January-November 2018

In January-November 2018 Russia produced 290.3 tons of gold, up by 2% YoY.

Mined gold output grew by 4%, to 243.89 tons.

The manufacture of secondary and associated gold fell by 10%, to 14.43 tons and by 4%, to 31.98 tons respectively.

Silver output grew by 8%, to 1 thousand tons. (Ukrainian metal)

Armenia: ELARD selected to carry out probe at Amulsar mine

Lydian Armenia CJSC (“Lydian Armenia”) has received formal notification from the Investigative Committee of the Republic of Armenia that pursuant to the criminal investigation into alleged withholding of information by employees of the Ministry of Environmental Protection, an international consultancy group, Earth Link, and Advanced Resources Development (“ELARD”) has been selected to review all subject…

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