In October direct railroad deliveries of metal to the major shipbuilding and ship-repair enterprises totaled 8.1 thousand tons. According to the railroad statistics, this is down by 35% YoY. In 10 months deliveries reached 93.6 thousand tons, down by 23.2% YoY. (Ukrainian metal)
DetailsPrices of precious metals decreased in Azerbaijan on November 13, according to the data published by the Central Bank. The price of gold dropped by 8.3725 manats, to 2,047.531 manats per ounce on November 13 compared to the price on November 12. The price of silver fell by 0.1734 manats, to 23.9471 manats per ounce.…
DetailsThe Russian government’s commission has approved a bill that reduces the rate of mineral extraction tax (MET) for production of rare and rare earth metals to 4.8% from 8%, the government said in a statement. “The bill suggests reduction of the MET rate to 4.8% from 8% applicable to production of ores of rare metals…
DetailsIn January-October Ukraine imported 17.425 million tons of coal valued at $2.461 billion. According to the State Fiscal Service, the share of coal in total imports was 5.3%. The largest coal suppliers were Russia ($1.525 billion, or 62% of the whole imports), USA ($739.278 million, or 30%) and Canada ($126.946 million, or 5.2%). Other countries…
DetailsThe Vorkutinskaya mine of Vorkutaugol has started mining coal at the new breakage face of the Troynoy layer. The reserves of the long face No. 612 are some half a million tons of coking coal. It is intended to mine 90 thousand tons of coal per month there. The length of the face is 195…
DetailsIn Q3 Kinross Gold produced 586.2 thousand ounces of gold equivalent, down by 10.5% YoY. In 9 months the output decreased by 8.8% YoY, to 1.842 million ounces. The Kupol deposits in Chukotka yielded 366.4 thousand ounces, down by 15.8% YoY due to the extraction of ore with lesser gold content. The company has also…
DetailsPolymetal International plc has sold its 100% share in the platinum project Svetlobor to a group of Russian independent buyers for $5.5 million. “The project does not meet our strategy. Still, we retain a considerable project in the platinum sphere – Viksha, a large deposit, which will in future be developed”, the group chief managing…
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