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In May Russia exported 246 tons of cobalt matte, down by 68.6% MoM and by 22.2% YoY. In 5 months exports dropped by 3.2%, to 1.9 thousand tons. In monetary terms since the start of the year the exports have decreased by 54%. Export prices in May dropped by 5% MoM, to $24 per kg.…
DetailsSince the start of the washing season Uryum has extracted 159.3 kg of gold, down by 6.3% YoY. The company started operating at its sites on May 20. The decrease in the output is due to flooding of some sites. Uryum is developing alluvial deposits in Zabaikalye region. In early July the Bukhta-Bugarikhta and Bolshemogochinshkoye…
DetailsArcelorMittal’s Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment has been seized following a security service investigation, the plant’s acting head Oleksandr Ivanov said. The probe into Ukraine’s largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelensky, who has promised…
DetailsIn Karaganda region Prime Minister of the Republic of Kazakhstan Askar Mamin participated in the grand opening of a ferroalloy plant and visited several mining and processing enterprises. The head of government congratulated those present on the launch of a new ferroalloy plant, underscoring the importance of a high-tech enterprise for further socio-economic development of…
DetailsUzbekistan produces more than 100 tons of gold annually. Navoi and Almalyk mining and metallurgical plants account for 20% and 70% of the total precious metal production in the country, respectively. Uzbekistan intends to bring the annual gold and silver production to 300 tons by 2021, according to the Ministry of Justice. This is envisaged…
DetailsIn May Russia imported 818 tons of magnesium, including scrap, down by 4.8% MoM, but up by 549.3% YoY. In 5 months imports grew by 32%, to 3.7 thousand tons. China decreased deliveries in May by 13%, to 704 tons, followed by Hong Kong – 12.7%. In monetary terms imports since the start of the…
DetailsIn January-June Vorkutaugol, one of the largest coal-processing companies in Russia, increased output by 44% YoY. In particular, coal manufacture grew by 6%, to 4.3 million tons. Metallurgical coal output increased 4-fold, to 332.5 thousand tons. In H2 Vorkutaugol intends to commission two long faces at the Troynoy layer of the Vorkutinskaya and Zapolyarnaya mines.…
DetailsThis year the Aldan district of Yakutia has set a record of gold output – 12.6 tons. “This means there is a development, new techniques are implemented, new jobs are created, and the district itself is developing”, the Yakutia governor Aisen Nikolayev noted while visiting Polyus Aldan gold-extracting factory. According to him, gold extraction is…
DetailsKrasnoyarsk region governor Alexander Uss has visited Boguchansky Aluminum Works where a construction of a foundry complex with the capacity of 120 thousand tons is drawing to an end. The alloys to be produced by the new line will be used in car manufacture. This is the first official visit to the site after the…
DetailsThe authorities of Chelyabinsk region want to relaunch the manufacturing sites of Ufaleinickel, shut down several years ago. The regional governor Alexei Teksler has visited the town of Verkhniy Ufalei and the site of the plant. The main thing is to find investors. So far, only small investors have shown interest to the site. If…
DetailsSeversky Pipe Works is assembling the main machinery within a project to construct a new site of pipe heat treatment. The site No. 3 will be commissioned until the end of the year. The new site will allow STZ to master new types of products. The site capacity will be 300 thousand tons. The machinery…
DetailsThe acting governor of Kurgan region Vadim Shumkov has discussed cooperation with the delegation of the MMK. In particular, he pointed to several priority ways of cooperation. “The first is to resume developing iron ore deposits in the region. We are also interested in creating a metal wares manufacture. Such products are in great demand…
DetailsThe Eurasian Economic Committee has decided to suspend the imposition of an antidumping duty of 34.22% on steel railroad wheels from Ukraine. The decision comes into effect 30 days after publication and is valid through June 1, 2020. The repeated antidumping investigation on import of wheels from Ukraine was initiated by BelAZ and Kazakhstan Railways.…
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