Kyrgyzstan increases tax rates on the export of gold ore and concentrates, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev declared. According to him, Article 221 of the Tax Code is amended. Now the price of gold ore and concentrate is determined separately from gold alloy and fine gold.…Details
Cherepovets Iron and Steel Works has started constructing the foundation of the first block of the coke-oven battery No. 1. The continuous pouring of the lower foundation slab lasted for 2 days. Some 2960 cubic meters of concrete have been poured, with over 100 machines used. “The coke-oven battery No. 1 with the technique of…Details
In September Russia exported 9.6 thousand tons of corrosion-resistant steel scrap valued at $11 million, down by 13.6% and by 1.7% YoY respectively. In January-September exports grew by 21.5% YoY, to 83.5 thousand tons valued at $93 million, up by 40%. According to the customs statistics, volume-wise this is the largest result for the past…Details
In January-October Sukhaya Balka increased iron ore output by 8.8% YoY, to 2.263 million tons. In October 225 thousand tons of ore were produced. On November 7, 2017 the Sukhaya Balka license to mine ore was prolonged for 20 years. In 2017 the enterprise decreased iron ore output by 2% YoY, to 2.513 million tons.…Details
In January-October Ingulets Mining and Processing Works produced 9.104 million tons of iron ore concentrate, up by 7.2% YoY.
In particular, in October the company produced 825.3 thousand tons of iron ore concentrate, up by 0.16% from the target.
The iron content was 66.02% with the plan of 65.92%. (Ukrainian metal)
In January-October Ukraine decreased rolled metal consumption by 1.34% YoY, to 4.3 million tons. 1.217 million tons, or 28.3%, were imported. Flat rolled metal dominated the import structure (50.7% against 46.43% for bars). Last year the difference was 57.65% to 41.2%. In 10 months Ukraine produced 15.36 million tons of rolled metal, up by 4%…Details
In January-October Ukraine mined 27.687 million tons of coal, down by 4.1% YoY. According to the Ministry of energy and coal industry, the coking coal output dropped by 11.7%, to 4.908 million tons, and power-generating coal by 2.3%, to 22.779 million tons. In October coal output grew by 5%, to 2.838 million tons. In 10…Details
In September Russia exported 200 thousand tons of aluminum, down by 8.1% YoY. According to the customs statistics, the revenue dropped by 13.6%, to $315 million. The average price was $1582 per ton, down by 6% YoY and the lowest price since March 2017. In January-September Russia exported 2.32 million tons of aluminum valued at…Details
Operation of Kumtor mine may be extended. This was announced at a meeting of the Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev with the President and CEO of Centerra Gold Inc. Scott Perry. According to the Information Support Department of the Government’s Executive Office, the parties discussed issues of the company’s work. In particular, at the…Details
In October Ukraine exported $85.996 million worth of pig iron, up by 25% YoY, while imports remained on the level of $0.05 million. According to the State Fiscal Service, US was the main importer of Ukrainian pig iron in October ($63.345 million). In January-October pig iron exports grew by 53.8% YoY, to $879.95 million, while…Details
The Comet ship with 3 thousand tons of Alchevsk Iron and Steel Works metal, arrested in early November, left the Mariupol port without cargo.
All the metal is kept at the port.
The ship is in the Sea of Marmara already. (Ukrainian metal)
The director of Izhorskiye Zavody Yuri Gordienkov has been appointed CEO of OMZ-Spetsstal LLC.
The decision was taken in order to consolidate the operation of both enterprises to fulfill the contract with Rosatom.
Gordienkov has been working at Izhorskiye Zavody for 30 years. (Ukrainian metal)
In October TMK Chermet won a tender to sell scrap of Rusal Ural.
The scrap and used metal structures were taken from the territory of Rusal Kamensk-Uralsky.
The total weight of scrap was 507 tons. (Ukrainian metal)
Krasnoturyinsk-Polymetal LLC wants to become a resident of the priority development are to construct a factory to process several types of polymetalic ores in Krasnoturyinsk. The construction is expected to start in Q3 2019, and the factory will be commissioned in late 2020. Investments in the project are planned on the level of 3 billion…Details
Uralelectromed has started the final stage of preparing the construction site for the third stage of the copper electrolysis shop. The disassembly of the roof and metal structures of the old shop building is underway. Some 600 tons of metal structures have already been disassembled. The work is carried out according to the schedule, and…Details
The United Metallurgical Company and Belenergomash-BZEM LLC have concluded an agreement on joint deliveries of sheets, pipes, metal structures and pipeline joints to Rosatom. “We are opening a new page in our relations, and I am absolutely sure that the partnership will be the basis for the development of the two companies”, OMK board member,…Details
In October Cherepovets Iron and Steel Works shipped 501.4 thousand tons of metal to Russian customers and for exports, down by 3.2% YoY. In January-October sales reached 6.47 million tons, up by 3.9% YoY. Exports grew by 15.5% YoY, to 1.93 million tons, while domestic customers received 4.54 million tons, down by 0.3% YoY. (Ukrainian…Details
In October MMK shipped 949.5 thousand tons of metal via railroad abroad and to local customers, up by 7.4% YoY.
In 10 months sales grew by 0.7% YoY, to 9 million tons.
Russian customers received 5.8 million tons, up by 5.2%, and exports totaled 3.21 million tons, down by 6.4%. (Ukrainian metal)
In October NLMK rolled metal deliveries to Russian customers and abroad via railroad totaled 956.4 thousand tons. According to the railroad statistics, this is down by 17.4% YoY. In January-October NLMK shipped via railroad 10.55 million tons of metal, up by 0.3% YoY, with 3.54 million tons delivered to local customers, down by 4.2%, and…Details
Precious metal prices increased in Azerbaijan on November 22, according to the data published by the Central Bank. The price of gold went up by 9.7325 manats, to 2,085.22 manats per ounce on November 22 compared to the price on November 21. The price of silver grew by 0.3015 manats, to 24.6391 manats per ounce.…Details
Member of the Parliament, Bakyt Torobaev, asked the government to provide information on the activities of Kumtor gold mine at a meeting of Parliament. According to him, the Prime Minister spoke about new agreement with the Canadian company Centerra Gold Inc. Members of the Parliament know nothing about it. “How many funds are received, what…Details
Russia and South Africa have signed a roadmap for the implementation of joint projects on the market of platinum group metals, as well as agreement on exploration, extraction and processing of mineral resources until 2025. The Minister of Natural Resources and Environment Dmitry Kobylkin signed the documents. “Russia and South Africa, possessing rich reserves of…Details
This year SUEK (Siberian Coal Power Company) intends to mine some 5.92 million tons of coal in Zabaikalye region, up by 14.7% YoY. To reach this goal the company is constantly replacing and adding new mining and auxiliary machines. Last year the region yielded 21.3 million tons of coal, with SUEK accounting for 83%. (Ukrainian…Details