In January-September the Republic of Sakha (Yakutia) mined 13.078 million tons of coal, up by 5.2% YoY. The increase is due to the operation of Kolmar and Elgaugol LLCs. Kolmar mined 3.83 million tons of coal, up by 24%. And Elgaugol mined 3.9 million tons, up by 28%. (Ukrainian metal)Details
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Uzbekistan is carrying out a project to construct in the city of Tashkent a metal plant of the new generation to produce cold-rolled sheet with coating. The plant is expected to be commissioned in Q4 2019. Investments are estimated at EUR 286.7 million. The design capacity of Tashkent Iron and Steel Works will be 0.5…Details
Precious metal prices increased in Azerbaijan on November 19, according to the data published by the Central Bank. The price of gold grew by 7.208 manats, to 2,073.6345 manats per ounce on November 19 compared to the price on November 16. The price of silver went up by 0.0933 manats, to 24.4446 manats per ounce.…Details
The price of one ounce of gold increased by 10.523 manats or by 0.51% last week in Azerbaijan, to 2055.0552 manats. The price of one ounce of silver grew by 0.2308 manats or by 0.96%, to 24.0674 manats. The price of one ounce of platinum dropped by 19.2372 manats or by 1.34%, to 1,434.6028 manats.…Details
Armenia’s aggression policy causes great damage to Azerbaijan in all spheres, including the economic and environmental ones, Zakir Ibrahimov, chairman of the board of AzerGold CJSC, declared. He noted that a report was prepared regarding illegal activities in the occupied Azerbaijani territories, and was sent to the country’s Prosecutor General’s Office. He said that the…Details
Zaporizhstal has successfully passed the quality management system audits for the correspondence to the international standards. Bureau Veritas Certification Ukraine LLC awarded the company a new quality certificate. Moreover, the European Fund for Quality Management also audited the company. Zaporizhstal has become the best Ukrainian company according to the fund. (Ukrainian metal)Details
In January-September Donetsk region received $3.7 billion from exports, up by 14.1% YoY. Ferrous metals accounted for 81.7%, or $2984.3 million, up by 22.8%. In particular, ferrous metals accounted for 56.6% of all exports to Russia, 88.4% to Turkey, 93.2% to Italy and 98.9% to US. (Ukrainian metal)Details
In January-September VSMPO-Avisma decreased net profit by 5.3% YoY, to 14.3 billion rubles. Revenue grew by 9.3%, to 60.3 billion rubles. Gross profit increased by 17%, to 27.6 billion rubles. Sales profit totaled 21.8 billion rubles, up by 20.1% YoY. The company assets increased by 14.9%, to 160 billion rubles. (Ukrainian metal)Details
Prime Minister Dmitry Medvedev has signed an order to provide a subsidy for the construction of the power line under the infrastructure creation for the Taryn Mining and Processing Works in the Republic of Sakha (Yakutia). GV Gold will receive 638 million rubles from the federal budget to construct power lines with the length of…Details
Karelsky Okatysh has commissioned the united operation station of crushing and processing site. Now only 1 employee is in control of the whole process. The united operation station is the first step to create a global system to control the company working processes. At the next stage Karelsky Okatysh intends to unite operation stations of…Details
In January-September Sinarsky Pipe Works received 649.84 million rubles of net profit, down from 1.14 billion rubles in 9 months of 2017. Revenue grew by 17%, to 32.52 billion rubles. Sales profit dropped from 2.1 billion rubles to 1.2 billion rubles. Short-term liabilities increased from 65.6 million rubles to 3 billion rubles. (Ukrainian metal)Details
The Alardinskaya mine was the first among Raspadskaya mines to reach the annual output target, having yielded 3 million tons of coal as of November 7. In early September the mine was the first to produce 2 million tons of coal from one shaft. In September 451 thousand tons of coal were mined, a record…Details
In January-October Ukraine imported 17.425 million tons of coal, up by 15.5% YoY, valued at $2.461 billion, up by 14.4%. Russia supplied $1.525 billion worth of coal (62%), USA – $739.27 million (30.04%), Canada – $126.946 million (5.16%) and other countries – $68.88 million (2.8%). Moreover, in 10 months Ukraine exported 56.223 thousand tons of…Details