In January, Russia, according to preliminary data of the Federal Customs Service, exported 13.7 tons of gold valued at $812 million, up by 48% YoY, but down by 38% MoM. The main customer was the United Kingdom – 13 tons at $772 million. Last year, gold exports amounted to 320.2 tons, up 2.6-fold YoY. (Ukrainian…Details
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In 2020, Armenia exported 5670 kg of gold, down by 2.7% YoY. At the same time, according to the Customs Service, revenue grew by 14.3%, to $255.8 million. The main customers were Switzerland (50%), India (30.4%) and UAE (19.4%). Last year, Armenia imported 446.9 kg of gold, down by 82.2%, valued at $22.2 million, down…Details
The state enterprise Vostochniy Mining and Processing Works has concluded an agreement with the scientific-manufacturing enterprise Zorya for the delivery of explosives valued at 61.18 million UAH. This year, the company has to supply 916 tons of explosive materials to mines in Kirovograd region. In particular, the enterprise has ordered 470 tons of granulated ammonite…Details
In 2020, Avdiivka Metal Structures Works increased its net losses 2-fold YoY, to 225.51 million UAH. Uncovered losses reached 1.001 billion UAH. Accounts receivable decreased by 18.3%, to 29.182 million UAH, while current liabilities grew by 20.3%, to 1.266 billion UAH. The enterprise was created in 1946. The company statutory capital is 431.18 thousand UAH.…Details
In January-February, Ukraine exported 7.085 million tons of iron ore raw materials, down by 2% YoY. According to the State Customs Service, in monetary terms exports increased by 92.9%, to $1.073 billion. The main customers were China (40.38% in monetary terms), Germany (10.23%) and Poland (9.47%). In 2 months, Ukraine imported 1.053 thousand tons of…Details
Interpipe has concluded a long-term contract with INVEHO UFO, France for the delivery of railroad carriage wheel pairs. The company has to produce 1530 ULT-25 wheel pairs until September 2022. The pairs will be used to build new cargo carriages. The ULT-25 wheel pairs have been designed by Interpipe specifically for the European railroad. (Ukrainian…Details
In January-February, Ukraine exported 30.189 thousand tons of ferrous scrap valued at $10.087 million, up 2.8-fold and 3.7-fold YoY respectively. According to the State Customs Service, imports grew by 95.6%, to 3.132 thousand tons valued at $5.179 million, up 2.6-fold. The main suppliers were Turkey (63.35% in monetary terms), Russia (27.77%) and the USA (7.86%),…Details
Two companies want to supply 93 thousand tons of metal slag to Vostochniy Mining and Processing Works. Polinez LLC and Avtocom-2005 Plus PP were admitted to the trade scheduled for March 11. Slag has to be supplied until the end of the year. The expected cost is 36 million UAH. Last year, VostGOK bought 106…Details
5 employees of Severniy Mining and Processing Works have been injured during a road accident on the territory of the enterprise. A truck, transporting shift employees, has collided with a cargo train. Three people have been taken to the city hospital No. 2. According to preliminary data, the accident occurred due to the failure of…Details
The Department of Subsoil Use of the Republic of Sakha (Yakutia) has announced three competitions for gold prospecting. The combined cost of the three tenders is 866 million rubles. Prospecting work will be carried out in three districts. In particular, the expected reserves of the Olekminskiy district on the territory of 104.72 square kilometers are…Details
Muruntau, located in Navoi region, has been affirmed as the world’s biggest mine, according to a rating compiled by the Kitco analytical center. When compiling the list, experts used official data from companies and rough estimates of mines that kept their data confidential. “The Muruntau mining complex, located in Uzbekistan and consisting of open-pit mine…Details
Severniy Mining and Processing Works is carrying out energy-saving projects. New techniques allow decreasing electricity expenses and the prime cost. In order to decrease energy carries expenses in shops, SevGOK uses modern electric equipment and lamps. Large-scale projects to replace lamps have been finished at two crushing and processing factories, as well as in the…Details
In January, Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, increased pellets output by 7% YoY, to 1.05 million tons. Concentrate manufacture grew by 12.2%, to 1.3 million tons. In 2020, Ferrexpo increased pellets output by 7% YoY, to 11.218 million tons, and concentrate by 5.9%, to 14 million tons. (Ukrainian metal)Details