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Kazatomprom National Atomic Company announced its intention to continue to flex down production by 20% through 2021, compared to the planned levels under Subsoil Use Contracts. The company will now begin working with joint venture partners to assess the impact and implement the plan across all of Kazakhstan’s uranium mines, the company’s press service informs.…
DetailsThe mining sector is one of the leading sectors in the economy of Azerbaijan. Mining of precious metals, such as gold and silver, successfully expands in its volumes. Gold mining in the country amounted to 2,061 kilograms in January-July, up by 8.7% YoY, the State Statistics Committee said in a message. In July alone 339.8…
DetailsThe Prosecutor General’s Office of Kyrgyzstan disclosed details of issue of a license for Terek-Sai field, press service of the supervisory body reported. The Military Prosecutor’s Office handed a notice of suspicion of crime under the Article “Complicity in corruption” to the former head of the State Agency for Geology and Mineral Resources Duishenbek Zilaliev.…
DetailsThe Capitalnaya mine of the state enterprise Mirnogradugol has not been operating for more than a week. The reason is that the Mirnogradskaya Central Processing Factory has stopped accepting rock. Capitalnaya usually mines some 1.5-2 thousand tons of coal per day. The mine accounts for the lion’s share of the enterprise revenue, thus the blocking…
DetailsIn 2015-2018 Interpipe lost some 14% of the Ukrainian market of seamless hot-rolled pipes. The drop is due to the growth of Chinese products on the Ukrainian market, which are sold at dumping prices. “There has not been such a growth before. But in 2018 Chinese deliveries began increasing drastically resulting in such damage. As…
DetailsThe state concern Ukrpromvneshekspertisa forecasts that prices of ferrous scrap will fall by 3.5-3.6%, to 5.3-5.5 thousand UAH per ton. Local metal companies will be cautiously decreasing the price of raw materials purchased due to the drop of rolled metal cost on world markets. But the price drop will not be considerable, as scrap procurement…
DetailsIn January-June Russia produced 1,7 million tons of construction metal structures, down by 5% YoY. As of early Q3 average price was on the level of Q4 2018 – some 97 thousand rubles per ton. Yet, it is 11% higher compared with late 2017. (Ukrainian metal)
DetailsMagnitogorsk Iron and Steel Works (MMK) delivered more than 314,000 tons of steel products to the automotive industry in the first half of 2019, exceeding the previous year’s figure for the same period by 23%. The share of shipments to the automotive industry in the first six months amounted to 7.5% of MMK’s supplies to…
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