In July Russia exported 16.9 thousand tons of zinc ore and concentrate, up by 33% MoM, but down by 51.4% YoY. Deliveries to China grew 2.5-fold, to 12.5 thousand tons, but to Kazakhstan dropped by 14%, to 4.4 thousand tons. In January-July exports totaled 139 thousand tons, down by 25% YoY. Since the start of…Details
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Dict LLC, developing alluvial gold sites in the Bolshoy Orel River valley in Amur region, intends to obtain 50-55 kg. So far the company has extracted 47 kg of gold. In 2018 gold output totaled 41.3 kg. The company started the washing season in early May and intends to finish it in late October. (Ukrainian…Details
In January-August Khabarovsk region obtained 16.645 tons of gold, up by 1.4% YoY. Ore gold accounted for 13.294 tons. Alluvial gold output totaled 3.351 tons. In August gold manufacture decreased by 18% MoM, to 743 kg. Silver output in 8 months fell by 17.3%, to 31.161 tons. (Ukrainian metal)Details
Last week the price of one ounce of gold decreased by 20.1705 manats or by 0.8%. Accordingly, the average price of one ounce of gold stood at 2,544.7249 manats. The price of one ounce of silver dropped by 0.5223 manats or by 1.6%, to 32.7762 manats. The price of one ounce of platinum increased by…Details
The license to develop the Turuk coal deposit has been sold to a company created a month ago. The auction was held on September 5. With the initial price of $3.262 thousand, the winner offered $205 thousand. 4 companies participated in the auction, with the winning bid submitted by Yrys Ken LLC. Coal reserves are…Details
In Novosibirsk the Ferrum Group of Companies has 6 pipe-welding mills with the capacity of 21 thousand tons per month, 3 slitting mills of 30 thousand tons, 2 crosscutting machines of 7 thousand tons, automatic lines to produce 2 thousand tons of cold-rolled channel and angle, etc. At the site the company intends to develop…Details
In January-June Nordgold received $61 million of net profit, up by 9% YoY. EBITDA grew by 6%, to $259.9 million and revenue – by 5%, to $621.8 million. In Q2 net profit dropped 10.5-fold QoQ, to $6.1 million, EBITDA went up by 18%, to $144.3 million and revenue – by 20%, to $339.2 million. The…Details
In August Zlatoust Electrometallurgical Works produced 4,791 tons of liquid steel, up by 2.5% from the target. In particular, the electric arc furnace shop yielded 4,256 tons. The rolling shop produced 2,937 tons of rolled metal, of which high-alloyed stainless steel accounted for 80%. The mill-1150 produced 3,968 tons, up by 2% from the target,…Details
In September Ukraine is expected to produce 1.95 million tons of steel. Pig iron output is estimated at 1.85 million tons and rolled metal – 1.7 million tons. As of September 10, 18 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 5 out of 15 electric arc…Details
In August Ukraine procured 225 thousand tons of scrap, up by 17% MoM. All the scrap was delivered to the domestic metal companies, there were no exports. In 8 months out of 2.143 million tons of scrap procured (down by 13% YoY) domestic companies received 2.106 million tons (down by 3%), and 37 thousand tons…Details
In August Ukrainian metal companies decreased natural gas consumption by 32% MoM, to 150 million cubic meters. In 8 months 1.26 billion cubic meters of gas were consumed, up by 2% YoY. Consumption of electricity in August increased by 3% MoM, to 980 million kW-h, but in 8 months dropped by 2%, to 7.73 billion…Details
Deliveries of iron ore raw materials to metal companies in January-August decreased by 6% YoY, to 18.9 million tons. In August some 2.4 million tons were supplied, on par with July. There were no imports in August. Iron ore raw materials exports in August totaled 3.5 million tons. In 8 months exports grew by 12%,…Details
Bloomberg reported that Kone Oyj’s Chief Executive Officer Mr Henrik Ehrnrooth wants a full merger with Thyssenkrupp AG’s elevator unit, as the Finnish firm prepares a bid for its German rival’s crown jewel that could thwart interest from private equity. Mr Ehrnrooth would like Thyssenkrupp to be a major shareholder in the combined entity, he…Details