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The board of directors of Russia’s gold producer GV Gold has approved payment of 1.9 billion rubles in dividends for January-September, the company said in a statement on December 14. The shareholders will consider the recommendation at an extraordinary general meeting scheduled for December 28. In April, GV Gold approved a new dividend policy, under…
DetailsZinc and non-ferrous metals producer Electrozinc, a part of Ural Mining and Metallurgical Company (UMMC), plans to terminate its operations, a spokesperson for the plant reported on December 14. “We have decided to stop production fully, and equipment and the industrial site will undergo conservation procedures. We are to unload the remaining raw materials and…
DetailsThe State Expertise Service of Russia has approved the design documentation on the project “Mining and Processing Works Udokan. The first stage of construction with the capacity of 12 million tons of ore per year”. Thus, the project has received all the necessary documents to start construction. The commissioning is scheduled for 2021, while the…
DetailsThe inspection of the Russian Accreditation Service has confirmed the expertise of the technical and chemical control at the Korshunovsky Mining and Processing Works. Each year the laboratory of the enterprise analyzes over 130 thousand samples. It controls the quality of the concentrate, the technological process of enrichment, as well as wastewater and pollution. “We…
DetailsIn January-November Belarus Iron and Steel Works exported some 1.845 million tons of metal valued at $1.155 billion, up by 6.6% and by 28% YoY respectively. 86% of all the products manufactured in November were exported. At present BMZ exports to 66 countries. The main market is Europe, accounting for 48.4% of the exports, followed…
DetailsAccording to Ukrmetallurgprom in December Ukraine will produce 1.8 million tons of steel, 1.6 million tons of rolled metal and 1.8 million tons of pig iron. As of December 12, 20 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 6 out of 15 electric arc furnaces and…
DetailsIn November Ukrainian metal companies received 309 thousand tons of scrap, up by 12% MoM. Scrap exports last month fell by 50%, to 4 thousand tons. In November procuring companies prepared 313 thousand tons of scrap, up by 10%. In January-November out of procured 3.36 million tons (down by 1% YoY), metal companies received 3.04…
DetailsIn November Ukrainian metal companies increased natural gas consumption by 7% MoM, to 150 million cubic meters. In 11 months consumption grew by 6%, to 1670 million cubic meters. Electricity consumption in January-November was 10.74 billion kWh, up by 7% YoY. (Ukrainian metal)
DetailsThe Department of Trade has decided to prolong the antidumping duties on ferrosilicomanganese from Ukraine. The duty is prolonged for 5 more years. The size of the duty is 163%. This was the fourth 5-year review of the duty since 1994. (Ukrainian metal)
DetailsUralelectromed has produced the first batch of commutator bars (13 thousand pieces) for the construction of cargo diesel locomotives. According to the contract with the Russian Railways, the bars will be tested at some 400 thousand km. The company has increased the portfolio of its commutator bars to 9 sizes and types. (Ukrainian metal)
DetailsIn January-November Chukotka Autonomous District extracted 21753 kg of gold, down by 2% YoY. 19151 kg accounted for ore gold, while 2583 kg for alluvial gold. Ore gold output dropped by 4%, while that of alluvial went up by 11%. Silver extraction fell by 16%, to 99.97 tons. In January-November 2017 Chukotka yielded 22239 kg…
DetailsIn November Kazakhstan produced 0.015 million tons of steel, down by 63.8% YoY. In 11 months steel output dropped by 7.7%, to 3.909 million tons. Ferroalloys manufacture totaled 0.179 million tons in November and 1.904 million tons in 11 months, up by 8.8% and by 8.1% YoY respectively. In November the country produced 0.107 million…
DetailsPrecious metal prices increased in Azerbaijan on December 13, according to the data published by the Central Bank. The price of gold grew by 0.5865 manats, to 2,116.007 manats per ounce on December 13 compared to the price on December 12. The price of silver went up by 0.224 manats, to 25.0689 manats per ounce.…
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