Kyrgyzstan’s annual demand for gold is 5 tons, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev announced. According to him, the National Bank buys 2.5 tons annually, while jewelers import other 2.5 tons. “Having own gold reserves, Kyrgyzstan is forced to import pure gold. Our jewelers have to pay…
DetailsKyrgyzstan 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.…
DetailsCherepovets 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…
DetailsIn 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…
DetailsIn 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.…
DetailsIn 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)
DetailsIn 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%…
DetailsIn 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…
DetailsIn 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…
DetailsOperation 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…
DetailsIn 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…
DetailsThe 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)
DetailsThe 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)
DetailsIn 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)
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