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In January-July, Severniy Mining and Processing Works increased pellets output by 30.7% YoY, to 4.05 million tons. In July, 685 thousand tons were produced. Iron ore concentrate output grew by 6.5%, to 7.94 million tons, with 1.155 million tons produced in July. (Ukrainian metal)
DetailsAzerbaijan’s gold mining company AzerGold’s net profit increased by 287.3% YoY in 2020, the company’s press service reported. In 2020, the company’s net profit increased by about $35.8 million and exceeded $48.2 million. Moreover, the company’s gross profit, profit margin, as well as EBITDA increased. Thus, the total profit of the company increased by $43.04…
DetailsIn January-June, Metinvest B.V. increased consolidated revenue by 70% YoY, to $8.47 billion. Steel sales grew by 12% and pellets – by 36%. Metal segment revenue amounted to $6.4 billion, up by 65%. The group EBITDA went up 5.3-fold, to $3.795 billion, and the metal segment EBITDA – 7.3-fold, to $1.74 billion. Capital investments grew…
DetailsIn 2020, ArcelorMittal Temirtau received a net loss of 29.652 billion tenge as opposed to a net profit of 80.648 billion tenge in 2019. Revenue grew by 12%, to 720.498 billion tenge, while gross profit decreased 3.7-fold, to 41.467 billion tenge. EBITDA was -32.23 billion tenge versus 106.046 billion in 2019. Last year, AMT produced…
DetailsValue of steel exports from Turkey to Azerbaijan grew from January through July, the Turkish Ministry of Trade reported. According to the ministry, this indicator amounted to over $56.1 million, up by 0.5% YoY. In July, Turkey exported steel worth more than $7.9 million to Azerbaijan, up by 18.9%. (AzerNews/Ukrainian metal)
DetailsYuzhkoks intends to completely reconstruct gas-heating system of coke-oven batteries Nos. 5, 6 and 7. In particular, gas heaters will be removed from the battery tunnels. In January-July, Yuzhkoks produced 439 thousand tons of coke, up by 16.8% YoY, with 62 thousand tons produced in July. (Ukrainian metal)
DetailsIn January-July, Ukraine produced 498.7 thousand tons of ferroalloys, down by 0.9% YoY. In particular, ferrosilicon manufacture grew by 31.3%, to 45.8 thousand tons, and metallic manganese – 3-fold, to 4.08 thousand tons. Nikopol Ferroalloy Plant (NZF) and Zaporozhye Ferro Alloys Plant (ZZF) produced 387.45 thousand tons of silicomanganese, up by 3.5%. NZF, ZZF and…
DetailsNavoi Mining and Metallurgical Combine (NMMC) has commissioned a new $200-million plant, which has a capacity to process 15 million tons of technogenic waste per annum and produce more than 7 tons of gold. Located in the Tamdyn district, the new facility is set to operate until 2040. It employs more than 1,100 people. NMMC,…
DetailsThe State Property Fund has cancelled the privatization auction of the United Mining and Chemical Company scheduled for August 31, as only one company has been allowed to participate. The fund received 3 offers, with two companies providing incomplete package of documents. The fund still hopes to hold the auction this year and expects more…
DetailsMetinvest-SMC has won an auction in the Prozorro.Public sales system to supply 44 thousand tons of R-65 rails valued at 1.5 billion UAH to Ukrzaliznytsia. Sota-Ukraine LLC also participated in the auction, but Metinvest-SMC offered lower price. The rails have to be supplied until the end of the year.
DetailsThe Main State Expertise Service of Russia has approved design documentation for the reconstruction of the Duetskaya non-ferrous metals processing factory. The factory is situated in the Republic of Sakha (Yakutia) and is intended for the processing of gold-containing ore from the Duet deposit discovered in 1950. Output at the deposit amounts to 120 thousand…
DetailsMinerals Metals Group (MMG, China) will buy $3.2 million worth of the United Mining and Chemical Company products according to a contract dated August 18 and six amendments dated August 25. Some employees said that shipping had already begun. The Chinese middlemen have already made a prepayment for 680 tons rutile concentrate at $1690 per…
DetailsThe Far Eastern department of Russia’s Federal Mineral Resources Agency plans to hold an auction for a 25-year license for the Bakhtarnaksky gold deposit, located in the Zabaikalsky region, with a starting bid of 48.4 million rubles, on October 21. Bids are collected until September 21. The deposit’s resources are estimated at 10 tons of…
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