R.V. Investment Group Services LLC, subsidiary of Anglo Asian Mining (ААМ), gold, copper and silver producer in Azerbaijan, has been in discussions with the Azerbaijani government and other parties in relation to the possible sale of the company’s shares. Such discussions are preliminary and no terms have been discussed or agreed upon. There can be…Details
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Ukrainian Mining Company plans to mine iron ore at the Severniy quarry of the Saksaganskoye deposit. Mariupol Ilyich Iron and Steel Works stopped using it a month and a half ago. The company license expired on July 7, while it stopped mining ore from July 1. (Ukrainian metal)Details
In June Russia exported 582.6 thousand tons of flat steel, down by 9.9% MoM and by 26% YoY. According to the customs statistics, exports have been falling since January. In 6 months Russia exported 3.83 million tons of flat steel, down by 14.4% YoY. Turkey accounted for 27% of exports, down by 27.3%. The share…Details
In January-July Metalloinvest received $3,854 million of revenue, down by 5.2% YoY. EBITDA dropped by 5.4%, to $1,410 million. Net profit grew by 17.2%, to $1,020 million. Net debt increased by 6.6%, to $3,581 million compared with December 31, 2018. The group mined 19.7 million tons of iron ore, down by 1.8%, and produced 14.1…Details
As of August 1 Chukotka Autonomous District has extracted 295 thousand tons of coal. 11 teams were extracting alluvial gold, having obtained 957.2 kg. 5 more companies mined 13.27 tons of ore gold. Silver output totaled 63 tons. The largest extractor was Chukotka Mining and Geological Company – its Kupol deposit output since the start…Details
Karelsky Okatysh has shut down its manufacture for 60 hours to carry out scheduled repairs. Concentrate and pellets manufacture saw the most of repairs, as they could have been carried out only when the plant was shut down, and the water used in the production was switched off. The company has replaced a transformer substation.…Details
In June Ukraine exported 40 thousand tons of semi-finished steel products to Russia, up by 40% MoM. In June 2018 exports did not exceed 2 tons. In January-June Ukraine exported 266.6 thousand tons of semis, up 2.45-fold YoY. Average price on Russian border was $402.8 per ton without VAT. (Ukrainian metal)Details
In January-June Russia exported 1.7 million tons of pipes valued at $808 million, down by 26% and by 51% YoY respectively. According to the customs statistics, Kazakhstan remains the main importer of Russian pipes, accounting for 41.6%, up 2.6-fold. It is followed by the US (15.7%, up 1.7-fold) and Belarus (11%, down by 1.6%). The…Details
According to the Ministry of economic development and trade this year metal companies are expected to increase steel output by 4% YoY, to 21.895 million tons. The forecast is based on the output level of the first half of the year. The manufacture of rolled metal is expected to grow by 3%, to 18.937 million…Details
In January-July Ukraine produced 5.189 million tons of metallurgical coke, down by 5.2% YoY. In July 798 thousand tons of coke were produced, in June – 769 and in May – 917 thousand tons. The drop in production is observed at Dneprokoks and Dniepropetrovsk By-Product Coke Plant. In H1 Ukraine imported 2.9 million tons of…Details
In June Russia exported 590.3 thousand tons of scrap, up by 17.5% YoY and by 31% MoM. According to the Federal Customs Statistics, in 6 months exports dropped by 13%, to 2.44 million tons. Turkey remains the main customer accounting for 44% of all Russian scrap exports, down by 15%. Average price in June was…Details
The salary debts to state miners will have been cleared by the Independence Day. According to the deputy minister of energy and coal industry Anatoliy Korzun, it is expected that until the end of the week over 500 million UAH will be transferred to state mines. Of them 250 million UAH will be provided by…Details
Growing dependency of the Russian coal industry on exports creates risks, as the external markets are volatile, president Vladimir Putin told governors of the country’s coal-producing regions on August 22. “Our consumption grew to 180 million tons last year, but we exported 210 million tons. The growing dependency on the external markets creates threats and…Details