In November Ukraine increased iron ore exports by 34.2% YoY, to $266.2 million, while imports dropped by 59.9%, to $1.805 million. According to the State Fiscal Service, China ordered the largest batches of ore ($64.751 million). In January-November iron ore exports grew by 10.1% YoY, to $2618.5 million, while imports fell by 68.5%, to $8.282…Details
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The U.S. Department of the Treasury intends to lift sanctions from Russian power companies En+ Group and EuroSibEnergo, and aluminum giant UC RUSAL of businessman Oleg Deripaska in 30 days, but will retain sanctions against Deripaska personally, it said in a statement. The authority sanctioned these companies because of their ownership and control by Deripaska,…Details
Precious metal prices varied in Azerbaijan on December 20. The price of gold decreased by 10.9565 manats, to 2,116.16 manats per ounce on December 20 compared to the price on December 19. The price of silver dropped by 0.2086 manats, to 24.767 manats per ounce. The price of palladium grew by 2.7285 manats, to 2,140.4615…Details
Kazakhstan’s production of unwrought gold, semi-worked gold or gold in powder form reached 88,491 kg in January-November showing an increase of 14.1% as compared to the same period of 2017, the Statistics Committee of the National Economy Ministry of Kazakhstan reports. In the accounting period production of unwrought silver, semi-worked silver or silver in powder…Details
EU has prolonged the safeguard investigation as to metal imports irrespective of the country of origin and export until February 1, 2019. In July the EU imposed preliminary measures on the import of metal for 200 days as quotes and 25% duties. As of December 18 (153 days of the measures) Ukraine has used its…Details
Goldregion LLC, developing alluvial gold deposits in Amur region, this year has extracted 64 kg of the precious metal, down by 20% from the target. This year the company has been traditionally washing gold-bearing sands at the Malaya Gelenka Brook. Due to the violations of the environment legislation the operation of the company was suspended…Details
Recently some media have circulated information that UGMK has decided to shut down Electrozinc in Vladikavkaz. Citizens of Chelyabinsk are worried that the capacity will be transferred to their town and Chelyabinsk Zinc Works will increase output by a third. But ChelZinc says it has not received any info on the need to increase output…Details
Mechel has prolonged the agreement to supply coal to Jidong Cement till the end of 2019. In 12 months the company will ship to China up to 2 million tons of power-generating coal mined by Elgaugol and Yakutugol enterprises. Monthly shipments will range between 100 thousand and 150 thousand tons of coal. “This is the…Details
Precious metal prices varied in Azerbaijan on December 19,accortding to the Central Bank. The price of gold increased by 4.76 manats, to 2,127.1165 manats per ounce on December 19 compared to the price on December 18. The price of silver grew by 0.0036 manats, to 24.9756 manats per ounce. At the same time the price…Details
According to the people’s deputy Konstantin Zhevago, controlling Ferrexpo, the construction of the electrometallurgical plant Vorskla Steel near the town of Kremenchug has been postponed for 10 years. The reason is the economical inexpediency of the construction. “The government claimed the gas would be cheap. But now it’s expensive. There is no sense for us…Details
Uralelectromed is finishing construction of the second stage of the steel structures manufacture. The commissioning of the manufacturing complex is scheduled for early 2019. The area of the second stage will be identical to the first, that is 8 thousand square meters. The cost of the new site is 400 million rubles. The second stage…Details
Mikheyevsky Mining and Processing Works has started testing a new pulp feed line node. It will enable quickly switching pulp feeding between the first and the second tail dumps. The capacity of the new node will exceed that of the previous equipment some 10-fold. The commissioning of the new node is scheduled for Q1 2019.…Details