The gold-extractor Buryatzoloto will provide its managing company Nordgold Management LLC with a loan of 1.7 billion rubles. The interest rate is 6%. The maturity date is December 12, 2021. Buryatzoloto has an option to claim the funds earlier than that. In January-September Buryatzoloto decreased net profit 8-fold, to 45.43 million rubles. (Ukrainian metal)Details
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Altai-Koks, a part of Russian steelmaker Novolipetsk Steel (NLMK), has developed a technology to produce foundry coking coal of 100 millimeters and more, NLMK said in a statement on December 16. “Development of this product will allow the company to extend the sales markets by imports replacement. Producers of heat insulators earlier bought 100 millimeter-class…Details
Last week the price of one ounce of gold decreased by 7.9 manats ($4.6) or by 0.3%. The average price of one ounce of gold stood at 2,491 manats ($1,465). The price of one ounce of silver dropped by 0.42 manats ($0.24) or by 1.4%, to 28.4 manats ($16.7). The price of one ounce of…Details
In January-November Khabarovsk region extracted 23,678.3 kg of gold, up by 2.4% YoY. Ore gold accounted for 19,452.6 kg, up by 2.4%. The increase is due to the output growth at Amur Zoloto LLC (+23.5%), Mnogovershinnoye (+14%) and Okhotskaya Mining and Geological Company LLC (+6.4%). The washing season has been finished with the yield of…Details
The base forecast of coal output for Sakhalin in 2020 presupposes the mining of 10.5 million tons of coal, up by 0.6% YoY. In 2021 the output is expected at the level of 11.6 million tons. A more conservative forecast sees the mining at 10.2 million tons, down by 3.2%. Sales, including exports will reach…Details
So far Raspadskaya mine has extracted 6.5 million tons of coal, having exceeded its annual target in advance. This year three coal layers were in operation. Average monthly output totaled 750 thousand tons of coal. Next year a new long face will be put into operation. The output is expected on the level of more…Details
In November Ukraine exported 3.34 million tons of iron ore raw materials, down by 2% MoM. Deliveries to domestic companies fell by 11%, to 1.9 million tons. In 11 months exports grew by 8%, to 36.6 million tons, but deliveries to domestic companies dropped by 7%, to 25 million tons. No iron ore raw materials…Details
In November metal companies decreased natural gas consumption by 4% MoM, to 125 million cubic meters. In 11 months consumption dropped by 1%, to 1.66 billion cubic meters. Electricity consumption in November went down by 6%, to 800 million kW-h, and in 11 months – by 4%, to 10.27 billion kW-h. (Ukrainian metal)Details
In January-November Ukraine produced 9.29 million tons of bulk 6% moisture coke, down by 6.2% YoY. In November deliveries of coking coals to by-product coke plants grew by 11% MoM, to 1.02 million tons. In particular, the delivery of domestic coal grew by 23%, to 350 thousand tons, but imported dropped by 23%, to 670…Details
ArcelorMittal Kriviy Rih will continue the environmental modernization of its converter shop. The company has signed a contract with Danieli Corus (the Netherlands) for the reconstruction of gas cleaning installations of converters Nos. 1-3. Updating gas cleaning of all six converters is one of the key environmental projects of the plant, the total cost of…Details
In January-November Ukrainian seaports transported 144.3 million tons of cargo, up by 9 million tons from the whole 2018 result. According to the Association of Seaports of Ukraine, 33.6 million tons of iron ore were transported in the period, up by 30% YoY. In November ore transportation totaled 12.9 million tons. (Ukrainian metal)Details
Tata Power, India intends to invest 750 million in the development of the Krutogorovskoye coal deposit in Kamchatka. Far Eastern Natural Resources LLC, Tata Power daughter company, won a license to develop the deposit in December 2017. The first stage will be carried out until September 2020. Investments will reach 420 million rubles ($6.6 million).…Details
Urals Mining and Metallurgical Company has attracted a syndicated loan of 200 million euros. 9 banks provided the funds. The loan is provided for 4 years. There is an option to increase the volume to 300 million euros. The funds will be used to re-finance the current debts. (Ukrainian metal)Details