In January-June Trans-Siberian Gold Plc, developing the Asachinskoye gold deposit in Kamchatka, increased its revenue by 8.7% YoY, to $30 million. Gold sales grew by 7.8%, to 22.1 thousand ounces and silver – by 125%, to 69.3 thousand ounces. Capital investments dropped 2.4-fold, to $3.9 million. Profit increased 2.3-fold, to $6.1 million. As of June…Details
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As of September 19, the Novaya miners team LLC, operating in the Republic of Sakha, Yakutia, has extracted 220 kg of gold. The company quota for the year is 150 kg. Operation at the main license site – Nizhnyaya Amunakta – started in late May. In 2018 the company extracted 224 kg of gold. (Ukrainian…Details
In July Russia exported 19.2 thousand tons of nickel matte to Finland, up by 183% YoY. In 7 months exports totaled 86.9 thousand tons, up by 75.3%. In monetary terns since the start of the year the exports have increased by 37.1%. Export prices dropped to $6.5 per kg. (Ukrainian metal)Details
Last week the price of one ounce of gold increased by 0.4675 manats or by 0.02%. Accordingly, the average price of one ounce of gold stood at 2,551.7102 manats. The price of one ounce of silver grew by 0.0184 manats or by 0.06%, to 30.3462 manats. The price of one ounce of platinum decreased by…Details
Mining industry is one of the leading sectors in Azerbaijan’s economy. It holds the largest share in the industrial production of the country. Gold producer in Azerbaijan – Anglo Asian Mining Company is planning to start gold production in new fields. Electromagnetic prospecting showed that there was a new field in the vicinity of Gadabay.…Details
In January-July Russia exported 2.63 million tons of pig iron, down by 21.6% YoY, valued at $915 million, down by 25.6%. USA accounted for 45% of purchases, down by 31.3%. Italy decreased imports by 44.3%, to 18%, while Turkey increased by 50.2%, to 13.6%. The main exporters of pig iron are Ural Stal, Tulachermet and…Details
In July Russia imported 31 thousand tons of steel semi-finished products from Ukraine, down by 40% MoM. In July 2018 imports did not exceed 25 tons. In February-April monthly deliveries were below 40 thousand tons. In January-July imports totaled 257.8 thousand tons, down 2.8-fold YoY. Average price in July was $408.6 per ton without VAT.…Details
In July Russia imported 903.6 thousand tons of magnesium, including scrap, up by 20% MoM and by 267% YoY. Deliveries from China grew to 790 tons from 752 tons. Another supplier was Hong Kong – 108 tons. In 7 months imports totaled 5.4 thousand tons, up by 67.4% YoY. In monetary terms since the start…Details
Chelyabinsk Pipe Works has successfully placed an initial issue of eurobonds valued at $300 million with the rate of 4.5% and maturity in September 2024. UK investors accounted for 30%, Russian – 28%, continental Europe – 23%, Asian – 14% and US – 5%. Some 52% of the issue was purchased by asset managing companies,…Details
In July Russia exported 10.2 thousand tons of flat aluminum, down by 7% MoM and by 0.3% YoY. A quarter was exported to Poland, down by 29%. At the same time Ukraine, Finland and the US increased purchases by 65%, 43% and 29% MoM respectively. In 7 months exports totaled 70.7 thousand tons, up by…Details
In August Yuzhniy Kuzbass produced 764 thousand tons of coal, up by 12% MoM and by 37% YoY. The volume of excavations grew by 16% and 55% respectively, to 3.9 million cubic meters of rock. Some 751 thousand tons of coal were processed at the factories, up by 5% MoM and by 11% YoY. Sales…Details
Sady Pridonya, a major agroindustrial company, uses three-layer sandwich panels in the construction of the largest fruit warehouse. In 2018 the company began construction of a warehouse to store 20 thousand tons of apples. Metal Profile has supplied 7 thousand square meters of MP-GOST sandwich panels and 17 thousand square meters of Airpanels. The warehouse…Details