Ukrainian metal companies support the prolongation of the current export duty on scrap in the amount of 58 euro per ton. “The export duty has brought a lot to the budget. Payments to the budget from the processed scarp exceeded export payments 8.5-fold. In September, the duty expires. We ask the government to keep the…Details
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Prime Minister Nikol Pashinyan has said the country should take measures to make investment programs in the mining sector “more manageable and acceptable” for the society. Addressing a Cabinet meeting, Pashinyan expressed hope that the government would manage to make important decisions, including on the Amulsar gold mine. “This topic should be discussed, taking into…Details
In January, scrap companies increased deliveries by 53.7% YoY, to 283.7 thousand tons. Metal companies were provided with ferrous scrap on the level of 142.6%. As of February 1, scrap stocks totaled 170-175 thousand tons. Metinvest enterprises and Dneprovsky Iron and Steel Combine received 171.5 thousand tons, up from 101.9 thousand tons in January 2020.…Details
In January, metal companies received 283.7 thousand tons of scrap, up by 53.7% YoY. Metinvest enterprises and Dneprovsky Iron and Steel Combine were the largest customers – 171.5 thousand tons, up by 82.8%. Interpipe Steel received 44.6 thousand tons (+2.4%) and ArcelorMittal Kriviy Rih – 58.1 thousand tons (+77.1%). As of late January, scrap stocks…Details
Azerbaijan’s gold mining company AzerGold increased revenues from the export of precious metals by 29% YoY in 2020, AZN 186.5 million ($109.7 million), the company’s CEO Zakir Ibrahimov reported. Ibrahimov stated that sales of gold amounted to 59,400 ounces, while silver to 119,400 ounces in 2020. Gold topped the list of non-oil goods exported last…Details
In 2020, Interpipe transferred 2.54 billion UAH to the budgets of all levels, down by 22% YoY, mostly due to the drop in output. Payments to the state budget decreased by 28%, to 1.56 billion UAH, and to local – by 9%, to 566 million UAH. Each ton of metal produced at Interpipe last year…Details
On February 1, a strike began at the Yasinovataya By-Product Coke Plant. Later it was joined by Makeevkoks. On February 2, the employees were paid 12% of their monthly wages and were asked to return to work. But the employees continued striking demanding their salary debts to be cleared. If the strike goes on at…Details
Uzbekistan plans to open its largest gold-mining fields to foreign tourists in a bid to develop industrial-tourism. The State Committee for Tourism Development said on February 1 it was currently studying the possibility of turning the country’s largest Amantaytau and Daugiztau gold deposits, in the central Kyzylkum Desert, into tourist attractions, where foreign visitors could…Details
In January, Azovstal Iron and Steel Works was paid the most VAT reimbursement among mining and metal companies – 806.5 million UAH (194.7 million UAH in December 2020). According to the State Treasury, Dneprovsky Iron and Steel Combine was paid 514.5 million UAH (216 million UAH). Zaporizhstal received 497 million UAH, Mariupol Ilyich Iron and…Details
In January, Zaporizhstal decreased pig iron output by 0.2% YoY, to 399 thousand tons. Steel manufacture dropped by 0.5%, to 336.3 thousand tons, and rolled metal – by 2.7%, to 284.1 thousand tons. In 2020, the company increased pig iron output by 2.5%, to 4.5 million tons. At the same time, the manufacture of steel…Details
In 2020, Metinvest enterprises produced 8.268 million tons of steel, up by 9% YoY. Pig iron manufacture grew by 7%, to 8.475 million tons, and coke – by 3%, to 4.808 million tons. Rolled metal output went up by 132 thousand tons, to 4.809 million tons. In particular, the manufacture of long-rolled products increased by…Details
Yuzhniy Mining and Processing Works has stopped sinter manufacture having shut down the blast furnace shop at Dneprovsky Iron and Steel Works following repair from late October 2019 till May 2020 and the switch to using iron ore concentrate. The decision to shut down sinter manufacture was taken in September 2020. In February, the company…Details
An ounce of gold in Azerbaijan decreased in price by 20.72 manats (0.7%) last week. The average price of one ounce of gold amounted to 3,142.56 manats, down by 0.09% compared to the previous week. The price of an ounce of silver increased by 0.9117 manats (2.1%). The average price of one ounce of silver…Details