In may iron ore exports increased by 3.3% YoY, to $226.2 million. According to the State Fiscal Service, no iron ore was imported during the period. China was the largest importer of iron ore in May ($72.397 million). In January-May iron ore exports dropped by 2.4% YoY, to $1138.167 million, while imports decreased by 97.2%,…Details
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Energomashspetsstal has produced a batch of rolling rolls for the ArcelorMittal companies. According to the contract, signed in 2017, the customer was shipped 265 tons of rolls. In particular, for ArcelorMittal Bremen and ArcelorMittal Eisenhuttenstadt EMSS produced 117 tons of supporting rolls for cold- and hot-rolling mills. Such rolls have also been shipped to ArcelorMittal…Details
By 2020 Norilsk Nickel will have invested over 4.4 billion rubles into Oktyabrsky mine in Krasnoyarsk region. According to the company statement, the funds will be invested under the project to support the mine and keep its capacity on the level of 5.2 million tons of ore per year. The project is divided into 4…Details
In June metal shop of Almalyk Mining and Processing Works carried out repairs of the reverberatory furnace and the current repairs of converters No. 3 and 4, as scheduled. The furnace was shut down on June 1. According to the schedule the repair had to last for 15 days, but was completed 1 day earlier.…Details
The State Duma will provide 950 million rubles from the federal budget for the construction of the mine No. 6 of Priargunskoye Mining and Chemical Enterprise in Zabaikalye region. The enterprise will receive the money for the uranium mine construction within the program on the investment projects in Baikal region. By the end of 2021…Details
MMK-Metiz share on the domestic market in 2017 grew by 2% YoY, to 352 thousand tons. Exports increased by 2.8%. The largest Russian metal wares manufacturers sold 2 million tons of goods, with MMK-Metiz share on the level of 22%. Last year the company sold 435.15 thousand tons of metal wares, with 352 thousand tons…Details
Ukrainian metal companies are forced to decrease output because of the failure of the Ukrainian Railroads to provide enough cargo trains. The critical situation is witnessed at the Kamysh-Zarya – Volnovakha route, leading to the city of Mariupol. Because of the delay in cargo train provision Mariupol metal works produce twice as little metal, than…Details
Shareholders of Nikopol Ferroalloy Plant intend to change the ownership of the company from the public to the private joint-stock company, and not pay dividends for 2017. The corresponding decisions will be taken at the meeting on August 3. The net profit for 2017 will be set in the amount of 2.665 billion UAH, 26.46…Details
Shareholders of the Yuzhniy Mining and Processing Works have decided to spend 9.947 billion UAH of net profit for 2013 and 2017 to pay dividends. This equals to 6.253381 UAH per ordinary share. The decision was taken on June 21. The 2013 net profit accountable for dividends is 1.341 billion, while that of 2017 is…Details
The first stage of the Ozernovsky GMK mining and metallurgic plant was launched on the Kamchatka Peninsula’s gold deposit on June 25, the regional government said in a statement. “This is the largest unit developed on Kamchatka and one of the most difficult from the point of view of logistics, weather conditions, characteristics arising from…Details
Centerra Gold Inc. agreed with the Government of the Kyrgyz Republic to further extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017, Kumtor Gold Company website says. The First Longstop Date is the date by…Details
Last week the price of precious metals decreased in Azerbaijan. The price of one ounce of gold decreased by 11.509 manats or by 0.5%. Accordingly, the average price of one ounce of gold stood at 2,157.504 manats. On June 15, 18 and 19 the exchange rate of manat in relation to the precious metals was…Details
The prices of main precious metals varied in Azerbaijan on June 25, according to the data published by the Central Bank. The cost of gold decreased by 0.6545 manats, to 2,153.968 manats per ounce compared to the price on June 22. The cost of silver increased by 0.0716 manats, to 27.819 manats per ounce. The…Details