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In 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…
DetailsIn March, Interpipe Steel increased steel output by 35% MoM, to 79.5 thousand tons. In 3 months, the company produced 193.2 thousand tons of steel, down by 10.8% YoY. Last year, Interpipe Steel decreased steel output by 11.2%, to 785.7 thousand tons. (Ukrainian metal)
DetailsIn 2020, Energomashspetsstal invested over 4 million UAH in projects connected with environment protection. For the current year the company has developed a plan of measures to protect environment and rationally use resources. Moreover, EMSS will carry out re-certification of its environment management system according to ISO 14001-2015. (Ukrainian metal)
DetailsThe Ferrexpo board of directors suggests paying $0.132 per share in final dividends for 2020 compared with $0.033 for 2019. Overall dividends for 2020 will amount to $0.856 per share, as opposed to $0.198 in 2019. Subtracting the special interim dividends announced in Q1, the final payment will be $0.299 per share. The amount of…
DetailsIn January-March, Ukraine produced 5.29 million tons of steel, down by 0.5% YoY. Rolled metal manufacture grew by 1.4%, to 4.73 million tons, but pipes dropped by 3.7%, to 0.203 million tons. Ukraine also produced 8.22 million tons of sinter, up by 4.6%, and 5.31 million tons of pig iron, up by 4.3%. As of…
DetailsIn March, Ukraine procured 291.9 thousand tons of scrap, down by 9.1% MoM. Scrap deliveries to metal companies dropped by 12.1%, to 259.1 thousand tons. In Q1, scrap procurement grew by 28.2%, to 931.1 thousand tons, and deliveries to metal companies – by 23.1%, to 837.7 thousand tons. Export went up 4.3-fold, to 49.1 thousand…
DetailsIn March, Kazakhstan produced 374 thousand tons of steel, up by 7.3% YoY. In Q1, output grew by 8.2%, to 1.044 million tons. Manufacture of flat rolled metal went up by 29.3%, to 257 thousand tons, in March, and in three months – by 26%, to 663 thousand tons. Kazakhstan also produced 158 thousand tons…
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