“A gold processing mill with a capacity of 5 million tons a year will be built soon in Burabay district, Akmola region,” deputy governor of Akmola region Marat Igaliyev announced. RG Gold Company is developing the Raigorodok gold ore field in Akmola region. It is situated along the big gold ore belt not far from…
DetailsUkraine in January-May increased by 1.3% YoY, to $1.265 billion, expenditures to cover hard coal and anthracite imports, the State Fiscal Service reported. According to the latest stats, over the reporting period, some 9.1 million tons of coal have been imported. The largest suppliers remain Russia, the United States, and Canada. Coal imports from Russia…
DetailsA draft law on prohibition of activities related to the geological survey of the subsoil for prospecting, exploration and development of uranium and thorium deposits in Kyrgyzstan was submitted to the Parliament. The document was initiated by the MPs Altynbek Sulaimanov, Almambet Shykmamatov, Kanat Kerezbekov, Myktybek Abdyldaev, Baktybek Turusbekov, Dastan Bekeshev and Altynbek Zhunus uulu.…
DetailsManson Group LLC has transferred $1 million for the implementation of Makmal Gold Company LLC project, Kyrgyzaltyn OJSC reported. The financing is carried out according to the agreement on joint activities. In addition, the procedure on transfer of the assets of Kyrgyzaltyn OJSC in the branch of Makmalzoloto Combine to the authorized capital of the…
DetailsInterros holding Russian tycoon Vladimir Potanin and aluminum giant UC RUSAL of tycoon Oleg Deripaska are not discussing any adjustments to the dividend policy of metals giant Norilsk Nickel, a source in Interros reported. “There was a suggestion from Interros, but it did not satisfy some of Norilsk Nickel’s shareholders. The issue is not discussed…
DetailsIn January-May Ukraine exported 389.882 thousand tons of ferroalloys, down by 0.6% YoY, valued at $427.560 million, down by 5.8%. According to the State Fiscal Service, the main customers were Turkey (17.18%), Italy (16.21%) and the Netherlands (9.4%). In 5 months Ukraine imported 19.378 thousand tons of ferroalloys, down by 10.4% YoY, valued at $62.109…
DetailsIn January-May Ukraine exported 16.867 million tons of iron ore raw materials valued at $1.428 billion, up by 12.7% and by 25.5% YoY respectively. According to the State Fiscal Service, the main customers were China (23.8%), Poland (14.28%) and the Czech Republic (10.8%). In 5 months Ukraine imported 45 tons of iron ore raw materials…
DetailsIn January-May Ukraine increased ferrous scrap imports by 38.4% YoY, to 28.71 thousand tons valued at $14.792 million, down by 10.9%. According to the State Fiscal Service, the main suppliers were Russia (49.09%), Turkey (43.71%) and Korea (3.13%). This year Ukraine did not import or re-export hot-briquetted iron. (Ukrainian metal)
DetailsIn January-May Ukraine exported 36.515 thousand tons of ferrous scrap valued at $9.983 million, down 6.9-fold and 8.4-fold YoY respectively. According to the State Fiscal Service, in May 8.086 thousand tons of scrap were exported, in April – 8.791 thousand tons, in March – 8.246 thousand tons, in February – 8.252 thousand tons and in…
DetailsCherepovets Iron and Steel Works has completed a number of capital repairs of machinery in the electric steel shops. In particular, a slab unit of the continuous casting machine No. 1 was repaired, ladle furnace No. 2 and steel degassing units. One of the most important repairs was carried out at the shaft furnace No.…
DetailsThis year Polymetal intends to start constructing a factory in Krasnoturyinsk to process polymetallic ores in order to extract gold, silver, as well as copper and zinc concentrate. The factory is expected to be commissioned in 2022. Its design capacity will be 450 thousand tons of ore per year. Investments in the project will exceed…
DetailsLvivugol miners have announced a strike and blocked an international highway as a protest to non-payment of salary. The participants of the strike demand the payment of hard-earned money. So far, only media have drawn their attention to the strike. Neither representatives of the enterprise administration nor regional authorities have spoken to them. Wage arrears…
DetailsRailroad deliveries of limestone in January-May dropped by 8% YoY, to 4.5 million tons. At the same time, in May they grew by 3%, to 1.1 million tons, the largest result since the start of the year. In 5 months deliveries to Donetsk region increased from 30% to 40%. Deliveries to metal companies decreased by…
DetailsIn January-May railroad deliveries of lime grew by 42% YoY, to 180 thousand tons. The first months of the year witnessed the growth of deliveries to metal companies, while chemical enterprises considerably decreased their purchases. The main consumers of lime were ArcelorMittal Kriviy Rih (didn’t buy lime last year), Dneprovsky Iron and Steel Combine (+43%)…
DetailsRussian Copper Company investments in the development of its mining and metal capacities in Russia and Kazakhstan will exceed $1 billion in 2019, up by 4% YoY. More than $900 million will be invested in Russia, including $652 million in mining. The main investment projects this year will be the construction of the Tominsky Mining…
DetailsThe annual shareholders meeting of Ferrexpo has approved record-high dividends for 2018 – $0.231 per share, up by 40% YoY ($0.165). Shareholders owing 99.73% of shares voted for the final dividends in the amount of $0.06 per share. The meeting also reviewed the company operational report for 2018, with 66.69% voting in favor of it,…
DetailsRussian aluminum giant RUSAL plans to finance its 2019 capex of $800-900 million with its own funds, CEO Yevgeny Nikitin declared. “Speaking about capital expenditures of the company in general, we forecast them at the level of the last year, I mean, about $800-900 million. Everything will be financed from our own money, we do…
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