As of September, debts to state miners have reached 900 million UAH. According to the chairman of the Confederation of Independent Unions and the Independent Miners’ Union Mikhail Volynets, in October the debt will grow to 1.3 billion UAH. “And the trend of the debt growth will persist. The miners will be forced to strike”,…Details
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In July Russia imported 45.3 thousand tons of flat galvanized rolled metal, down by 42% YoY and by 32% MoM. In 7 months imports dropped by 8%, to 384.2 thousand tons. China accounted for 31.5% of deliveries, up by 50%. The average sale price was $730 per ton without VAT. It is followed by Kazakhstan…Details
In January-June over 430 employees resigned from Centrougol coal enterprise, which included 5 mines. The enterprise is managed by authorities of the Lugansk People’s Republic, the terrorist organization created and supported by Russia. The reason of the employee flow is the chronic wage debts. So far the debts reach 1.5 million rubles. (Ukrainian metal)Details
In January-August Zaporozhye Ferro Alloys Plant increased output by 9.1% YoY, to 177.66 thousand tons. In particular, the company produced 95.77 thousand tons of silicomanganese, up by 18%, 52.18 thousand tons of ferrosilicon, up by 2.7%, and 25.13 thousand tons of ferromanganese, down by 2.5%. Metallic manganese manufacture decreased by 10.2%, to 4.58 thousand tons.…Details
In January-August Nikopol Ferroalloy Plant decreased output by 4.4% YoY, to 510.03 thousand tons. In particular, silicomanganese manufacture dropped by 6.3%, to 468.52 thousand tons, but that of ferromanganese grew by 14.4%, to 29.71 thousand tons. The company has also increased the production of other ferroalloys – by 57.5%, to 11.8 thousand tons. (Ukrainian metal)Details
In January-June Trans-Siberian Gold Plc, developing the Asachinskoye gold deposit in Kamchatka, increased its revenue by 8.7% YoY, to $30 million. Gold sales grew by 7.8%, to 22.1 thousand ounces and silver – by 125%, to 69.3 thousand ounces. Capital investments dropped 2.4-fold, to $3.9 million. Profit increased 2.3-fold, to $6.1 million. As of June…Details
As of September 19, the Novaya miners team LLC, operating in the Republic of Sakha, Yakutia, has extracted 220 kg of gold. The company quota for the year is 150 kg. Operation at the main license site – Nizhnyaya Amunakta – started in late May. In 2018 the company extracted 224 kg of gold. (Ukrainian…Details
In July Russia exported 19.2 thousand tons of nickel matte to Finland, up by 183% YoY. In 7 months exports totaled 86.9 thousand tons, up by 75.3%. In monetary terns since the start of the year the exports have increased by 37.1%. Export prices dropped to $6.5 per kg. (Ukrainian metal)Details
Last week the price of one ounce of gold increased by 0.4675 manats or by 0.02%. Accordingly, the average price of one ounce of gold stood at 2,551.7102 manats. The price of one ounce of silver grew by 0.0184 manats or by 0.06%, to 30.3462 manats. The price of one ounce of platinum decreased by…Details
Mining industry is one of the leading sectors in Azerbaijan’s economy. It holds the largest share in the industrial production of the country. Gold producer in Azerbaijan – Anglo Asian Mining Company is planning to start gold production in new fields. Electromagnetic prospecting showed that there was a new field in the vicinity of Gadabay.…Details
In January-July Russia exported 2.63 million tons of pig iron, down by 21.6% YoY, valued at $915 million, down by 25.6%. USA accounted for 45% of purchases, down by 31.3%. Italy decreased imports by 44.3%, to 18%, while Turkey increased by 50.2%, to 13.6%. The main exporters of pig iron are Ural Stal, Tulachermet and…Details