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In January-March, Uzbekistan Iron and Steel Works produced 236.38 thousand tons of electric steel, up by 2.1% from the target. Rolled metal output totaled 249.4 thousand tons, including 43.9 thousand tons produced in the shop No. 1, of which 42.8 thousand tons were milling balls. The shop No. 2 produced 200.2 thousand tons of bars.…
DetailsIn January-March, Chukotka yielded 4,714 kg of ore gold and 23.9 tons of silver. Alluvial season will start in May. Compared with Q1 2020, gold output decreased by 11.5%, while silver remained unchanged. In particular, Chukotskaya Mining and Geological Company at the Kupol deposit extracted 272.9 kg of gold and 22.4 tons of silver, ZK…
DetailsIn 2020, Zaporozhye Aluminum Combine decreased net losses by 25.6% YoY, to 49.68 million UAH. In 2018, the company received a net loss of 9.7 million UAH and in 2017 – 279.48 million UAH. As of the end of 2020, the uncovered loss amounted to 7.14 billion UAH. ZAlK was the only manufacturer of primary…
DetailsIn February, Kazakhstan exported 18.7 thousand tons of ferrous scrap to Russia, down 1.9-fold MoM and 2.06-fold YoY. In January, the results were -1.9-fold and +29.7% respectively. The price grew by 5.7%, to $339.6 per ton. In January-February, the exports totaled 57.2 thousand tons, down by 18% YoY. (Ukrainian metal)
DetailsBuryatzoloto, a part of Nordgold, has signed an agreement to sell its Zun-Kholba LLC mine to Chesio Limited. In 2020, the mine yielded 7.3 thousand ounces (0.3 tons) of gold. The mine has been operating for 35 years (since 1986) and now its reserves are much depleted. Buryatzoloto also owns the Irokinda mine employing over…
DetailsThe Court of Appeal considered the appeal against the decision of the Dnipropetrovsk District Administrative Court, which had previously confirmed validity of EIA, issued by the Ministry of Environmental Protection and Natural Resources of Ukraine for the construction of a new dump in Kryvyi Rih, and made a conclusion that land plots on which the…
DetailsIn January-March, Ukraine produced 60 thousand tons of refractory materials, up by 9.9% YoY. In March, output reached 21 thousand tons. If the rate is maintained, this year refractory companies will produce 242 thousand tons. Last year, output decreased by 14% YoY, to 216 thousand tons. (Ukrainian metal)
DetailsShareholders of Zaporozhye Ferro Alloys Plant intend to leave all the profit received in 2018 (112.581 million UAH) undistributed. According to the agenda of the meeting scheduled for May 21, the dividends will not be paid. In 2019, the company received a net loss of 600.669 million UAH. As of late 2019, the undistributed profit…
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