Gold reserves of the Russian precious metals producer Polymetal International went up by 6% YoY, to 23.7 million ounces of gold equivalent in accordance with the JORC Code, the company said in a statement on February 27. Ore reserves of the company increased by 5%, to 25.2 million ounces of gold equivalent due to geological…
DetailsBeloretsk Iron and Steel Works has been awarded the highest category of reliability in 2019 by one of the largest cable producers in Russia – Irkutskcable. Having analyzed product quality, loyalty, the quality management system and the terns of cooperation, Irkutskcable has awarded BMK with the highest category of reliability – A. Irkutskcable is one…
DetailsMetinvest-SMC is launching a program to grant metal buyers the right for deferred payment for 3 months. Lately banks have almost entirely stopped providing companies with loans. “In early 2020 the situation began to change, the National Bank is gradually decreasing the discount rate, and the devaluation expectations of banks have dropped, so they are…
DetailsUkraine’s interagency commission on international trade has decided to impose a 50.09% antidumping duty on imports of steel wires and wire ropes from Russia for five years, according to a report posted in the government’s Uriadovyi Kurier newspaper on February 25. According to the law of Ukraine on the protection of national producers from dumping…
DetailsIn 2019 Interpipe paid 3.25 billion UAH to budgets of all levels, up by 50% YoY. In particular, payments to state budget totaled some 2.167 billion UAH (+62%) and to local budgets – 625 million UAH (+38%). Moreover, the company transferred 462 million UAH (+21%) of single social payment. Interpipe taxes are enough to cover…
DetailsRussian metals giant Norilsk Nickel expects nickel demand to rise by 3%, to 2.538 million tons in 2020, the company said in a statement. “Primary nickel consumption is to increase by 85,000 tons (+3%), to 2.538 million tons in 2020. Primary nickel demand in Chinese stainless steel production is to amount to a moderate 2%…
DetailsThe state enterprise Toretskugol has ordered the Industrial Company Obogatitel LLC services of coal processing for 35.34 million UAH. This year the company has to process 250 thousand tons of coal with the maximum ash content of 41-44% into the coal with the ash content of 9% at 141 UAH per ton. The price of…
DetailsIn January Ukraine consumed 3.42 million tons of coal, up by 6.3% MoM, but down by 24.2% YoY. According to the State Tax Service, coal imports dropped by 8.4% YoY, to 1.63 million tons. (Ukrainian metal)
DetailsIn 2019 Mariupol enterprises of Metinvest increased tax payments by 35.7% YoY, or by 315.6 million UAH, to 1.2 billion UAH. The amount of personal tax grew 1.4-fold, to 1.02 billion UAH. 90% of taxes paid by Metinvest to the budget of Mariupol accounted for taxes of metal companies and repairmen. 10% is the share…
DetailsIn January global steel manufacture increased by 2.12% YoY, to 154.44 million tons. China is still the leader with 84.27 million tons, up by 7.22% YoY. Ukraine went up from the 13th place to the 12th with 1.84 million tons, down by 0.4%. (Ukrainian metal)
DetailsAvdiivka Coke and Chemical Works sulfuric acid stocks have fallen to the record-low level. In February the company received 387 tons of acid, while the need was 1020 tons. The shortage of acid threatens the operation of the company. Torgservice is the main supplier of sulfuric acid to Avdiivka Coke. It is the official representative…
DetailsIn 2019 Kirovsky Coal Pit, developing the Kirovskoye deposit in the Republic of Sakha (Yakutia), extracted 24.2 thousand tons of coal, down by 8% YoY. This year some 18-20 thousand tons will be mined. As of January 31, the company has already extracted 4.6 thousand tons of coal. Last year Kirovsky Coal Pit sold 27.7…
DetailsHighland Gold Mining Limited has set the volume of capital investments in 2020 at the level of $205-210 million. Last year investments amounted to $94 million. Kekura deposit in Chukotka will account for almost a half of funds. The rest will be invested in Valunistiy mine in Chukotka, as well as Belaya Gora and Zabaikalye…
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