Zaporizhstal shareholders have appointed Alexander Mironenko a new CEO instead of Rostislav Shurma. Mironenko came to Metinvest in 2007 from Smart-Holding. In 2007-2010 he worked at Promet Steel (Bulgaria), and in 2010-2019 in the Metinvest operational direction. He has been a member of the supervisory boards at Yenakievo By-Product Coke Enterprise and Promet Steel, and…Details
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The state enterprises Vostochniy Mining And Processing Works and Energoatom have concluded an agreement on the supply of uranium oxide concentrate in 2020-2026. “The level of prices for uranium manufacture at VostGOK will provide for a stable operation of the enterprise and the development of the only uranium producer in Ukraine”, the company reported. The…Details
The Federal Antimonopoly Service has suggested selling all the scrap of state companies via exchanges. Since state companies are not always involved in procurement, the Service suggests purchasing services to process and sell scrap at auctions organized by commodity exchanges. The Service also plans to create a single electronic system on scrap. This is not…Details
In January-October Magadan region extracted 314.1 thousand tons of coal, down by 4.3% YoY. Three companies are extracting coal in the region – Kolyma Coal Company LLC, Association of Business Cooperation LLC and North-Eastern Coal Company LLC. This year the region has to extract not less than 360 thousand tons of coal, down by 10.3%…Details
In September Russia imported 1.6 thousand tons of aluminum scrap and waste, down by 32% MoM, but up by 47% YoY. Deliveries from Kazakhstan dropped by 36%, to 912 tons. Imports from USA fell from 410 to 251 tons. In 9 months imports totaled 20.3 thousand tons, down by 26% YoY. In monetary terms since…Details
In September Russia exported 1.3 thousand tons of raw chrome, down by 27% MoM, but up by 23% YoY. Deliveries to US grew 2.5-fold, to 332 tons, but to the Netherlands fell by 44%, to 800 tons. In 9 months exports totaled 14 thousand tons, down by 3.5% YoY. In monetary terms since the start…Details
Last week the price of one ounce of gold increased by over 5.1 manats ($3) or by 0.5%. The average price of one ounce of gold stood at 2,498 manats ($1,469). The price of one ounce of silver grew by 0.2462 manats ($0.14) or by 0.85%, to 29 manats ($17). The price of one ounce…Details
Orsu Metals Corporation intends to carry out another estimation of the Sergeyevskoye gold deposit reserves in Zabaikalye region. The company has discovered new sources at the Koziy Severniy, Pik Klyuchi and Sergeyev sites. The operation at the deposit began in July. 13 shafts have been drilled with the combined length of 3,555 meters. The average…Details
In 2020 Razrez Tugnuiskiy, a part of SUEK, intends to mine 5.2 million tons of coal at the Nikolskoye coal deposit in the Republic of Buryatia. Until the end of the year 4.645 million tons of coal will be shipped. As of late October the pit has extracted 3.645 million tons of coal, up by…Details
Seligdar has exceeded its annual gold output target in advance. As of November 22 the group enterprises have extracted 6.064 tons of gold. The Poisk miners team has exceeded its annual target by 180 tons, Ryabinoviy Mining Works – by 750 kg and Mezhsopochniy site – by 336 kg. Last year Seligdar extracted 6.056 kg…Details
Klyuchevsky Ferroalloys Works has produced 555 thousand tons of metallic chrome. The event happened around the company 78th anniversary. On November 22, 1941 the works made the first trial batch. The 500-thousandth ton was produced in May 2012. In the next 7 and half years the company has manufactured 55 thousand tons of chrome. Since…Details
Head of Ukraine’s Federation of Metallurgists Serhiy Bilenky says the Ukrainian metallurgical enterprises have been operating at a loss since the beginning of 2019 due to falling demand for steel in global markets. Most of the world’s metallurgical giants are forced to either reduce production or stop operating altogether. “Unfortunately, the situation in Ukraine is…Details
Average retail coal prices in three weeks of November grew by 140.16 soms per ton, or by 3.1%, compared to the October price, the National Statistical Committee of Kyrgyzstan revealed. This is due to worsening of weather conditions and increased demand. As of November 21 the maximum average coal prices were registered in Kara-Suu (8,485.28…Details