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In January-September Kumtor Gold Company produced 451,679 ounces or 14,048.8 kg of gold and contributed more than 10.79 billion soms in taxes and mandatory payments. Kumtor produced 150,305 ounces or 4675.01 kg of gold in the third quarter compared to 122,445 ounces or 3,808.47 kg of gold in the same prior year period. The increase…
DetailsIn August Russia exported 5.2 thousand tons of nickel matte, down by 73.1% MoM, but up by 24.2% YoY. Finland was the only importer in August. In 8 months exports totaled 92.1 thousand tons, up by 71.4% YoY. In monetary terms since the start of the year the exports have increased by 37.6%. Export price…
DetailsKrasniy Octyabr Iron and Steel Works is taking part in Metal-Expo 2019. The company is actively developing contacts with potential customers. In particular, the company has met with Boya Precision Industrial Equipments co., LTD (China), which produces leveling machines for rolled sheet. Among other potential partners are PromMashTest, which inspects industrial safety, and Janitza Electronics…
DetailsIn October Ukraine exported 2.86 million tons of iron ore raw materials, down by 4% MoM. In 10 months exports grew by 8%, to 33.25 million tons. In October metal companies received 2.4 million tons of raw materials, up by 14%. In 10 months deliveries dropped by 3%, to 23.9 million tons. Iron ore concentrate…
DetailsIn December metal companies intend to produce 1.7 million tons of pig iron and steel each, as well as 1.6 million tons of rolled metal. In October Ukraine decreased steel output by 10.5% MoM, to 1.56 million tons. Pig iron manufacture dropped by 9.1%, to 1.59 million tons, and rolled metal – by 2.3%, to…
DetailsIn October Ukraine procured 254 thousand tons of scrap, up by 7% MoM. All the scrap procured was supplied to domestic metal companies. In January-October scrap procurement decreased by 13%, to 2.635 million tons. Deliveries to Ukrainian companies dropped by 5%, to 2.594 million tons, and exports – by 87%, to 41 thousand tons. (Ukrainian…
DetailsIn October Ukrainian metal companies decreased natural gas consumption by 7% MoM, to 130 million cubic meters. In 10 months consumption grew by 1%, to 1.53 billion cubic meters. Electricity consumption in October decreased by 4%, to 850 million kW-h, and in 10 months – by 3%, to 9.47 billion kW-h. (Ukrainian metal)
DetailsPresident Volodymyr Zelensky has stated that the government has transferred the needed amount of funds to pay off wage arrears to coal miners. In a post on his Facebook page, he wrote: “Wage arrears to coal miners have been paid off! I thank the Finance Ministry of Ukraine for understanding and resolving the problem”. President…
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