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In January-September, Silver Bear Resources, developing silver deposits in Yakutia, produced 806.8 thousand ounces, down by 46.3% YoY. The decrease is due to the drop in output (-30.1%) and processing of ore (-37.6%). In particular, in Q2 the company special machinery was mostly used to expand the Vertikalniy quarry. Moreover, silver content in ore fell…
DetailsIn January-September, Pobuzhye Ferronickel Plant processed 1.025 million tons of ore, down by 11.6% YoY. This corresponds to 54.573 thousand tons of ferronickel (-15.8%) or 11.7 thousand tons of nickel (-4.6%). The decrease is due to repairs in January-February, which began in 2020. EBITDA amounted to 6.8 million UAH, with profit tax at 2.7 million…
DetailsIn January-October, Ukraine increased railroad transportation of metal by 6.4% YoY, to 18.1 million tons. In October, compared with October 2020, transportation grew by 1.67 million tons, with exports up by 5.9%, to 1.17 million tons, and domestic transportation – by 6.7%, to 400 thousand tons, while transit dropped by 50.6%, to 56 thousand tons,…
DetailsThe Aleksandrovskaya 1 LLC miners team has finished the alluvial season in Amur region with the result of 225 kg of gold. The precious metal was extracted at 3 deposits – Dzhalon, Dzhuvaskit and Dep. In annual comparison output dropped by 7% due to long winter and rainy summer, which resulted in the start of…
DetailsThe State Expertise Service of Russia has approved the construction of a gold-extracting factory at the Teutedzhak deposit in Magadan region. Reserves are estimated at 16.596 tons of gold and 12.2 tons of silver. The size of the ore site is 14.6 square km. The design capacity of the factory will be 1 million tons…
DetailsThe regional subsidiary of Ukrzaliznytsia – Odessa Railways – has ordered Metinvest-SMC LLC the delivery of rails valued at 35.47 million UAH. This year, the company has to supply 1040 tons of R-65 rails of category 2 with the length of 25 meters produced not earlier than in 2021 at 34,104 UAH per ton. The…
Details70% of Interpipe employees have been vaccinated. In November-December, the company intends to vaccinate 10% more. Interpipe believes that the herd immunity is the only protection from Covid-19. The company has introduced a special motivation for those who complete vaccination. Each employee with the green certificate receives another for a product network valued at 300…
DetailsIn January-September, Avdiivka Coke Chemical Works received a net profit of 4.26 billion UAH as opposed to a loss of 381.61 million UAH last year. EBITDA totaled 5.19 billion UAH, up from the loss of 465.38 million UAH. Net income grew by 51.4%, to 18.84 billion UAH. Undistributed profit as of late September amounted to…
DetailsIn January-October, ArcelorMittal Kriviy Rih increased pig iron manufacture by 13.9% YoY, to 4.57 million tons. Steel output grew by 8.9%, to 4.17 million tons, and rolled metal – by 5.4%, to 3.9 million tons. In October, AMKR produced 400 thousand tons of rolled metal, 410 thousand tons of steel and 405 thousand tons of…
DetailsIn October, Azovstal mastered the manufacture of 4 new types of metal under special orders. In particular, for a customer in Belgium the company has produced slabs with corrected chemical composition taking into account requirement to impurities color, while some have been produced with lower nitrogen content. Two steel grades – 2626 and 1611 –…
DetailsIn October, Yuzhniy Mining and Processing Works produced 1190.8 thousand tons of iron ore concentrate, up by11.3% YoY. In particular, the KZ concentrate accounted for 233.3 thousand tons and KZV – 957.5 thousand tons. Since the start of the year, the company has produced 10726 thousand tons of iron ore raw materials, up by 2.3%…
DetailsThe Zangezur Copper and Molybdenum Combine (ZCMC) will transfer 3.75% more of its shares to the Armenian government. It was reported in early October that the government had agreed to accept as a gift 15% of ZCMC shares. GeoProMining Armenia, a subsidiary of the Russian company GeoProMining, was later revealed to be the new shareholder…
DetailsIn January-October, the Vitim Miners Team, developing alluvial gold sites in Irkutsk region, extracted 2175 kg of gold, down by 11% YoY. The decrease was due to the postponement of the alluvial season to May 1 because of pandemic limitations. This year, the enterprise intends to produced 2500 kg of gold. Last year, the output…
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