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KAZ Minerals has approved expenses of $150 million to finish bankable feasibility study of the development of the Peschanka deposit in Chukotka Autonomous District. Additional machinery might be supplied to the deposit, which will increase expenses. Last year the company approved expenses of $80 million, but the actual amount totaled $111 million. The study is…
DetailsLast week, the price of one ounce of gold increased by 51.1 manats ($30) or by 1.9%. Accordingly, the average price of one ounce of gold stood at 2,722 manats ($1,601). The price of one ounce of silver grew by 0.8 manats ($0.47) or by 2.8%, to 30.8 manats ($18.1). The price of one ounce…
DetailsVSMPO was awarded the highest supplier award “2019 SQIP Accredited” at the annual conference of Airbus suppliers held as part of Supply Chain and Quality Improvement Program known as SQIP. This is the third consecutive award given to the Russian supplier by its strategic customer – the European aerospace corporation (previous awards were “Best Improver”…
DetailsIn 2019 Karelsky Okatysh, within the consolidated group of Severstal taxpayers, paid 2.18 billion rubles of profit tax to the budget of the Republic of Karelia. Payments to the consolidated budget of Karelia from Karelsky Okatysh exceeded 1.2 billion rubles, up by 100 million YoY. For the past 10 years the company has been increasing…
DetailsIn 2019 Ukraine produced 18.2 million tons of rolled metal, down by 0.9% YoY, having exported 14.94 million tons, or 82.1%. In 2018 the share of export was 78.5% (14.42 million tons out of produced 18.37 million tons). Semi-finished products accounted for 47.18% of exports, up from 43.64% in 2018. The share of flat rolled…
DetailsIn 2019 steel consumption in Ukraine dropped by 13.1% YoY, while the imports grew by 1.6%. Domestic consumers received 4.685 million tons of rolled metal, including 1.419 million tons of imported (30.3%). In 2018 domestic companies received 5.394 million tons of metal, with 1.442 million tons (26.7%) imported. Flat rolled metal accounted for 55.29% and…
DetailsMetinvest is prepared to transfer 4 billion UAH for the development of the Pokrovskoye Mine Group having purchased a control stake in the company. When Metinvest bought 24.9% in the company in H2 2018, investments poured into it, which made the company profitable. “700 million UAH were provided in 2019 to buy new machinery. The…
DetailsRussian Copper Company plans to raise annual investment in its copper smelter Karabashmed by 55%, to 5 billion rubles in 2019, President Vsevolod Levin has reported. “Within 15 years of work at Karabashmed, we have invested more than 22 billion rubles in the development and improvement of environmental safety of the copper smelting production. Regarding…
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