In January-July, Kazakhmys and Kazzinc decreased copper output by 11%, lead – by 18% and zinc – by 6% YoY. Copper wire rod manufacture dropped by 7% and gold – by 3%. At the same time, production of gold in ingots went up by 12%, copper cathodes – by 30% and silver in granules –…Details
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In January-May, Russia produced 102.36 tons of gold, down by 1.87% YoY. In particular, the output of extracted gold was 83.7 tons, down by 3.1%, auxiliary gold – 6.14 tons, down by 6.57%, and secondary gold – 12.52 tons, up by 12.39%. Silver output grew by 5.9%, to 375.94 tons, with extracted silver at 160.93…Details
In July, Ukraine decreased iron ore and concentrate export by 6.3% YoY, to 3.64 million tons valued at $782.03 million, up 2.4-fold. According to the State Statistics Service, in January-July exports totaled 26.1 million tons, down by 3.5%. At the same time revenue grew 2.1-fold, to $4.7 billion. China was the main customer with the…Details
In January-July, Ukraine exported 334.6 thousand tons of scrap, up 20-fold YoY. Import amounted to 14.8 thousand tons, up by 39.1%. Scrap procurement grew by 43.1%, to 2.34 million tons. Metal companies received 1.9 million tons of scrap, up by 23.1%. (Ukrainian metal)Details
In January-July, Almalyk Mining and Processing Works exported 55.061 thousand tons of copper, up by 19.6% from the forecast. In particular, copper cathodes accounted for 45.766 thousand tons, up by 9%, copper wire rods – 6.188 thousand tons, up by 181.3%, and copper pipes – 3.107 thousand tons, up by 68%. Zinc exports exceeded forecasts…Details
Global Analytica LLC has won a Prozorro.Sales auction to use a part of subsoil with the reserves of copper ores “Zalesy-Shmenki” with the size of 2336.7 ha. The company offered 122.2 million UAH, up five-fold from the starting price. The land plot is located in Volyn region. Reserves are estimated at 160 thousand tons. The…Details
In 2023, Uzbekistan Iron and Steel Works intends to hold its IPO at a foreign exchange. The corresponding roadmap was approved by the Ministry of Finances and the deputy Prime Minister Jamshid Kuchkarov. Uzmetkombinat has also started work on issuing eurobonds. The company is negotiating the issue with a number of investment banks. Prior to…Details
Interpipe has almost left the Ukrainian market of welded pipes for construction because of a considerable fluctuation of prices for strips in January-June. “In spring, prices for flat rolled metal reached $50-60. It was difficult to shape price for end customers, so we decided not to take risks and tried to sell products mostly from…Details
Interpipe intends to increase its pipe heat treatment capacities 2.5-3-fold having constructed a new treatment unit at Interpipe Niko Tube. “Global pipe buyers switch to premium and high-strength products. To improve pipe quality, it must be heat-treated. At present Interpipe heat treatment capacities are limited. Thus, we have started a new investment project to construct…Details
In January-June, Ferrexpo increased the share of sales to Central Europe from 21% to 34% and to Western Europe – from 4% to 14%. Sales to the Southeastern Asia, including China, dropped from 68% to 29%. Ferrexpo increased sales to the Northeastern Asia from 3% to 8% and to the Near East, North Africa and…Details
Metinvest has announced a tender to buy back up to $250 million worth of its eurobonds maturing in 2026 with the total volume of $647.66 million. Bonds will be bought for cash with the minimal price of $1,140 per each $1,000 bond. The offer is valid until August 18. The results will be announced on…Details
Azerbaijan Industrial Corporation OJSC has launched a project for evaluation of alunite ore reserves. The presence of rich ore resources in Azerbaijan allows developing a number of sectors of the economy, in particular, heavy industry, non-ferrous metallurgy and the construction industry. Extraction of natural resources using modern technologies creates conditions for the further expansion of…Details
An electric conveyer with the length of 4 km will be put into operation at the Mayskoye deposit in Chukotka, developed by the Mayskoye Gold Ore Company LLC, managed by Polymetall. At present two loading and delivery machines are used in the mine. Until the end of the year, their number will double. Moreover, two…Details