The Russian Finance Ministry is in dialogue with the U.S. Department of Treasury and hopes that the sanctions against aluminum producer RUSAL will be abolished in 2019, Minister Anton Siluanov declared on December 25. “The key point here is that the proposals formed by the Office of Foreign Assets Control (OFAC) have been fulfilled. The…Details
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Lead output in January-November decreased by 25.4% YoY, to 77.7 thousand tons. Lead concentrate mining dropped by 17%, to 331.6 thousand tons. Raw lead manufacture grew by 3.8%, to 142.1 thousand tons. Exports decreased by 34%, to 70.4 thousand tons valued at $161.8 million, down by 26.2%. The main importers of Kazakh lead are Vietnam…Details
The manufacture of tin concentrate in Yakutia will have reached 5.5 thousand tons by 2032. The government of the region intends to restore tin industry by developing tin deposits and commissioning the Tirekhtyakh alluvial site and Deputatskoye deposits. Yanolovo, the developer of the Tirekhtyakh, is negotiating investments with China. The site reserves are 68.4 thousand…Details
Since the start of the year Chelyabinsk Iron and Steel Works has shipped over 8 thousand tons of Z-sections. The products are supplied to the major car-manufacturers and repair plants in Russia and Belarus. ChMK mastered the manufacture of the Z-310 sections in January. The beam is produced of 2 steel grades with improved strength.…Details
Electrozinc has started unloading the unfinished products – cake and rotary oxides, as well as zinc-containing materials. For this the rotary and hydrometallurgical shops have been put into operation. 345 employees have been attracted to work. These products can’t be turned into sellable wares due to the fire destroying the electrolysis shop on October 21.…Details
Magadan region is one of the richest regions in Russia in terms of mineral deposits. It has the largest reserves of silver, and is in top-5 in gold reserves. This year Polyus Magadan will produce 35 tons of gold, which is the highest result so far. For next year the gold annual output level will…Details
Fitch Ratings has improved the long-term ratings of Polyus from BB- to BB with stable outlook. The improvement reflects strong operational results of Polyus, the decrease of the debt level and improved possibilities to generate money flow. The company has also noted Polyus output level and the resource base. (Ukrainian metal)Details
Russian Platinum has summed up its results for January-November. Yubileiniy GOK of Amur Zoloto LLC mined 74.6 thousand tons of ore. Yubileinaya factory processed 96.4 thousand tons of ore and 10192 tons of concentrate. The enterprise obtained 1037.8 kg of gold and 643.8 kg of silver. Perevalniy GOK mined 217.2 thousand tons of ore. The…Details
In 2018 MirBlagMet LLC has obtained 102 kg of alluvial gold in Amur region, up by 3% YoY. The output target for the year was 80 kg of gold. Last year the company yielded 99.3 kg of gold. The company has 2 licenses to develop alluvial gold sites. The Dugda deposit license is valid until…Details
Under the investment program to develop mining and transport complex of Mikhailovsky Mining and Processing Works, Metalloinvest has purchased two BelAZs with the lifting capacity of 220 tons. These are the first such machines at the GOK. They will start operating in January 2019. At present the enterprise specialists are assembling the trucks and preparing…Details
The state enterprise Energorynok has not determined the agreement on the electric energy purchase for Zaporozhye Ferro Alloys Plant. Thus, the company will not be able to conclude the agreement for the delivery of electricity from January 1, 2019. If Energorynok suspends the sale of electricity, ZZF will be forced to stop operation. The company…Details
According to the Department of Trade, in October US imported 28 thousand tons of construction pipes, up by 8.2% MoM, but down by 55.4% YoY. Ukraine supplied 1300 tons of pipes. Other sellers were Canada (16 thousand tons), Mexico (4800 tons), South Korea (1600 tons) and Taiwan (1100 tons). (Ukrainian metal)Details
Izhstal has confirmed the correspondence of its products to the European Union requirements. Following the audit according to CPR 305/2011 TUV Rheinland Group has granted the company a certificate and the right to mark its products with CE. At present Izhstal exports its products to Belgium, Germany, Hungary, France, the Czech Republic, Latvia and Bulgaria.…Details