The prices of main precious metals increased in Azerbaijan on May 11, according to the data published by the Central Bank. The cost of gold increased by 7.1825 manats, to 2243.2775 manats per troy ounce compared to the price on May 10. The cost of silver increased by 0.2671 manats, to 28.3985 manats per ounce.…Details
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A fire raging 500 meters under the ground of the Raspadskaya in the Kemerovo region stopped its operations and forced evacuation of 195 miners, a source in the regional emergency services reported. “Operations of the mine have been suspended. The systems of ventilation and life support are working normally,” the source said. In 2010 two…Details
The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…Details
Polyus intends to get the results of the engineering survey on constructing a mining and processing works at the Sukhoy Log gold deposits in Irkutsk region in autumn. The company will spend some $30 million on Sukhoy Log this year out of its total expenses of $850 million. The share of Polyus in the Zoloto…Details
In January-March Russia exported 931.9 thousand tons of aluminum valued at $1.827 billion, up by 8.5% and by 27% YoY respectively. According to the Federal Customs Service, nickel exports dropped by 11%, to 33.7 thousand tons, valued at $444.2 million, up by 20%. Copper exports reached 175.9 thousand tons valued at $1.2 billion, up by…Details
Evraz, belonging to Roman Abramovich, Alexander Abramov and Alexander Frolov, could decrease the charter capital of Evraz Plc by $1.43 billion to pay dividends to the shareholders. The Evraz dividend policy adopted in March presupposes annual payments of not less than $300 million. But in 2017 the company paid $860 million, and both investors and…Details
The state enterprise Krasnolimanskaya Coal Company (Donetsk region) has been included in the list of 26 enterprises to be privatized, as approved by the government. The enterprise is subject to the Ministry of energy and coal industry and is being privatized under the decree “On the peculiarities of privatization of coalmining enterprises”. (Ukrainian metal)Details
Gazprombank has opened a loan of 54.4 billion rubles for 12 years to finance the development of the Tominskoye copper-porphyry deposits in Chelyabinsk region to Tominsky Mining and Processing Works, a part of Russian Copper Company, and has also given the first tranche of 7 billion rubles. The development of the Tominskoye deposits and construction…Details
In January-March Russia imported 1.82 million tons of ferrous metals, up by 29.9% YoY. In March imports grew by 35% MoM, to 0.7 million tons. According to the Federal Customs Service, ferrous metals imports, not counting pig iron, ferroalloys, wastes and scrap, totaled 1.356 million tons, up by 12.2% YoY, with 0.522 million tons imported…Details
ArcelorMittal Kriviy Rih has mastered the manufacture of a new product according to the Israeli standards – the vanadium-alloyed weldable rebars S500W 25 mm. The first batch of such rebars weighing 1 thousand tons has already been shipped to Israel from the Nikolaev Trade Sea Port. The main advantages of these rebars are their weldability…Details
Metinvest, the vertically integrated group of steel and mining companies, has repaid a part of its pre-export finance (PXF) facility ahead of schedule and demonstrated its commitment to reducing its debt further following the successful completion of the debt refinancing in April. That transaction, the largest ever of its kind by a Ukrainian corporate, refinanced…Details
In April, according to the railroad statistics, steel deliveries (rolled metal and pipes, including imports) to the bases of the main traders and networks totaled 907 thousand tons, down by 2.1% MoM, but up by 3.4% YoY. In March the results were +21.4% and +9.8%, while in February –12.3% and –9.8% respectively. In January-April deliveries…Details