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Magnitogorsk Iron and Steel Works (MMK) has once again been included in Living Planet channel and the Modern Media Research Institute (MOMRI)’s bi-annual list of the top ten Russian companies in the fuel and energy and metallurgical sectors for environmental performance. Thanks to good results in the second half of 2017, MMK placed 9th on…
DetailsThe net profit of Russian steelmaker Severstal went up by 28.4% YoY, to $461 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on April 17. Revenue grew by 23%, to $2.173 billion in the period, and operating profit rose by 22.9%, to $585 million. EBITDA increased…
DetailsAnglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, produced 18,307 ounces of gold in the first quarter of 2018, up by 26% YoY, according to the company report. The company said that such a sharp increase in the gold production was linked with the launch of production at the…
DetailsThe prices of the main precious metals varied in Azerbaijan on April 16, according to the data published by the Central Bank. The cost of gold increased by 9.9705 manats, to 2288.353 manats per troy ounce compared to the price on April 13. The cost of silver increased by 0.2108 manats, to 28.3104 manats per…
DetailsIn February export prices increased by 1.6% from December 2017, while import prices – by 1%. According to the Statistics Committee of the Ministry of the National Economy, iron ore ores became 14.5% more expensive, manganese ores export prices increased by 13.2%, copper – by 13.1%, coal – by 3.9% and zinc – by 2.6%.…
DetailsZhezkazgan Copper Smelting Works will be operating at full capacity, according to Kazakhmys Smelting. The plant will operate 2 ore-smelting furnaces and a sulfur acid shop. In 2009 due to the decrease of available raw materials the works switched to the operation of only 1 smelting furnace. But as the copper-containing raw materials volumes will…
DetailsIn Q1 Khabarovsk region obtained 3519.6 kg of ore gold and 12.8 tons of silver, up by 8.4%, but down by 5.5% YoY respectively. This year the region intends to yield 23450 kg of gold, up by 1.3% YoY. Alluvial gold season will start in May, so at present only ore gold is mined. Last…
DetailsThe price of the license for the development of Tyrnyauz tungsten-molybdenum ores in Kabardino-Balkaria dropped 2-fold, from 2.2 billion rubles to 1.08 billion rubles. On the basis of the deposits a new industrial complex could be created, providing some 1 thousand jobs. The estimated reserves of the deposit are around 210 thousand tons of tungsten…
DetailsIn March ChTPZ supplied 113.8 thousand tons of metal via railroad to domestic customers and abroad, down by 2.5% MoM, but up by 25.2% YoY. In February the results grew by 0.7% and by 49%, while in January by 5.2% and by 35% respectively. In Q1 sales reached 346.5 thousand tons, up by 35.8% YoY.…
DetailsIn March Vyksa Iron and Steel Works supplied 223.6 thousand tons of metal via railroad to local customers and abroad, up by 15% MoM and by 30.7% YoY. In February the results dropped by 24.6%, but grew by 15.8%, while in January increased by 16.2% and by 48% respectively. In Q1 railroad shipments reached 675.7…
DetailsIn 2017 the VTB bank purchased 10.7 tons of gold from extractors in the Republic of Sakha (Yakutia). Last year the gold miners of the region received 750 million rubles to prepare for the season within the loan program, up by 53% YoY. VTB is a leader in Russian gold purchases. (Ukrainian metal)
DetailsAs of April 1, the gold-extracting companies of Magadan region mined 3933 kg of ore gold, with 1417 kg obtained in March. Silver output in three months totaled 163.9 tons. Gold mining increased by 11% YoY, while that of silver dropped by 8.3%. The decrease has to do with the scheduled drop of output at…
DetailsIn Q1 Zabaykalye region yielded 929 kg of gold, up by 17% YoY. Tungsten concentrate output totaled 215.54 tons. Zinc and lead concentrate manufacture reached 13822.54 tons and 8091.45 thousand tons respectively. Coal mining totaled 5655 tons. (Ukrainian metal)
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