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In November 2019 Russia exported 1.6 thousand tons of aluminum foil, down by 26% Mom, but up by 124% YoY. Deliveries to US dropped from 1.5 thousand tons to 1.1 thousand tons, to Belarus – by 17%, to 276 tons, and to Kazakhstan – by 42%, to 70 tons. At the same time Ukraine increased…
DetailsThe Arbitrary Court of Moscow has declared ineffective the decree of the Federal Agency on Subsoil Use on the revocation of license to prospect and mine gold ore at the Zegengolskoye deposit in the Republic of Buryatia issued to the Mining Company Olimp LLC. The 9th Arbitrary Court of Appeals declared the decree ineffective in…
DetailsSeverstal has announced its capital investment program for 2020. Severstal plans to invest approximately 110.5 billion rubles in 2020, focusing on the key areas of the company’s updated strategy as disclosed during its Capital Markets Day in November 2019 – providing a superior client experience, maintaining cost leadership and embracing new opportunities. However, as previously…
DetailsLast week, the price of one ounce of gold increased by over 26.3 manats ($15.4) or by 0.9%, to 2,677 manats ($1,574). The price of one ounce of silver decreased by 0.05 manats ($0.03) or by 0.2%, to 30.3 manats ($17.8). The price of one ounce of platinum dropped by 41.5 manats ($24.4) or by…
DetailsPresident Volodymyr Zelensky has called on the United States to cancel for Ukraine the 25% duty on steel imports. He stated this at a joint press conference with U.S. Secretary of State Mike Pompeo. “We also expect that the United States will be able to remove trade restrictions such as the 25% protective tariff on…
DetailsIn 2019 Polyus Verninskoye produced 7.9 tons of Dore gold, up by 12% YoY. Mining grew by 49%, to 4448 thousand tons of ore. Processing exceeded 3 million tons. Gold contents increased by 10%, to 2.9 g per ton. (Ukrainian metal)
DetailsSeverstal is negotiating the purchase of Liskimontazhconstruktsia steel pipe manufacturer with its owners. “It’s too early to speak of the sale, but the negotiations are underway”, a source in the regional authorities reported. The rumors of the change in the company ownership started circulating several years ago. The company had difficulties with sales due to…
DetailsBuryatzoloto has increased the statutory capital of its daughter company Irokinda LLC from 10 thousand rubles to 1.142 billion rubles. The changes were made on January 28. Buryatzoloto owns 100% in Irokinda. All the active licenses have been transferred to the daughter company – for Zhanokinskaya field, Severniy site and the Irokindinskoye deposit. (Ukrainian metal)
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