The prices of the main precious metals varied on July 10, according to the data published by the Central Bank. The cost of gold increased by 0.1275 manats, to 2140.334 manats per ounce compared to the price on July 9. The cost of silver increased by 0.0059 manats, to 27.4121 manats per ounce. The cost…Details
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In January-June Zaporozhye Iron Ore Complex increased iron ore output by 7.2% YoY, to 1.769 thousand tons with the target of 1.833 million tons. The company sold 1.872 million tons of iron ore, or 97.1% of the target. In May 352.1 thousand tons were mined, up by 3% from the target. This year the works…Details
In January-June Ukraine exported 18.224 million tons of iron ore raw materials, down by 5.6% YoY. According to the customs statistics, exports revenue grew by 1%, to $1.376 billion. Ukraine mainly exported to China (20.17%), Poland (14.77%) and Slovakia (13.46%). Imports totaled 9.05 thousand tons valued at $604 thousand, down by 95.5% and by 97.2%…Details
AzerGold expects to receive an income of some 3 billion mantas from the development of the Fizilchay polymetal ore deposits. “The project will create over 2 thousand jobs”, the company director Zakir Ibragimov said. Fizilchay development is expected to start in October 2019. According to AzerGold, Fizilchay is the second largest deposits in Europe and…Details
In January-June Chukotka region obtained 11282 kg of gold, down by 4.4% YoY. Silver output dropped by 10%, to 58.1 tons. Out of the total gold output 11039 kg accounted for ore gold, down by 3%. Alluvial season started in the second half of June. Because of the bad weather, by July 1 only 243…Details
In January-June ZEMZ stocked 17.345 thousand tons of metal, up from 14.4 thousand tons in H1 2017. The trend to increase output was seen in January, and from April they increased by a third. In June ZEMZ stocked 3095 tons of metal. (Ukrainian metal)Details
Russian Copper Company plans to create the shop to produce electrolytic copper foil at the site of Kyshtym Electrolytic Copper Plant (KMEZ). The capacity of the new manufacture will reach 1 thousand tons of copper foil per year with the possibility of increasing it if the market demands. Investments in the project are estimated at…Details
Russian Copper Company intends to organize autoclave manufacture of copper cathodes at the site of Mikheyevskiy Mining and Processing Works. “In 2014 we commissioned Mikheyevskiy GOK with the capacity of 18 million tons of ore per year. In 2017 the capacity increased to 27 million tons of ore. With such an increase it was decided…Details
In June Rusal Russian works increased exports by 49% MoM. Thus, 294 thousand tons of aluminum were exported against 197 thousand tons in May. In January-June aluminum exports dropped by 9% YoY, to 1.27 million tons. Last year Rusal sold 3.95 million tons of aluminum, with Europe accounting for 42%. (Ukrainian metal)Details
In January-June Ukraine exported 471.551 thousand tons of ferroalloys, up by 3.8% YoY. According to the customs statistics, the export revenue increased by 1.6%, to $538.736 million, The main importers of Ukrainian ferroalloys were Turkey (16.94%), Italy (16.2%) and the Netherlands (12.39%). In 6 months Ukraine imported 26.92 thousand tons of ferroalloys valued at $78.009…Details
The Ministry of energy and coal industry reports that it has transferred 324 million UAH of state support to the state coal enterprises to pay salary to miners. “On July 9 the minister Igor Nasalik held a working meeting on the urgent issues of paying salary to state coal miners and the further actions to…Details
In June MMK sold 768 thousand tons of metal via railroad, down by 13.8% YoY. In Q2 sales decreased on average by 16.7% a month. In January-June MMK sold 5.21 million tons of metal via railroad, up by 0.1% YoY. Sales to domestic customers increased by 11.5%, to 3.41 million tons, while exports dropped by…Details
In June the sales of metal via railroad from NLMK totaled 961.9 thousand tons, up by 7.2% YoY. In 6 months sales grew by 4% YoY, to 6.46 million tons. This is the highest result in the past several years. This year deliveries to domestic customers grew by 18.2% YoY, to 2.23 million tons, while…Details