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Anglo Asian Mining PLC, the AIM (Alternative Investment Market) listed gold, copper and silver producer, expects mining and processing of 3 million tons of ore per year at the Khalkhar deposit. According to the company, since July 2022, an extensive geological exploration program has been carried out at the Khalkhar deposit. “The base case open…
DetailsIn 2022, Kazakhstan increased gold-bearing ore extraction by 19.5% YoY, to 39.4 million tons. Concentrate output dropped by 11.9%, to 455 thousand tons. Raw and semi-wrought gold manufacture grew by 13%, to 129.6 tons. In particular, refined gold production totaled 73.2 tons, up by 9.9%. In previous years the highest output was 69.8 tons. Tau-Ken…
DetailsIn January-February, Ukraine exported $357.1 million worth of ferrous metals, down 5.6-fold YoY. According to the State Customs Service, ferrous metals accounted for 5.53% of the overall export revenue as opposed to 17.6% last year. In February, ferrous metals export revenue totaled $191.42 million. Imports decreased by 28%, to $163.54 million, with $94.8 million in…
DetailsOver the year of the war with Russia, Metinvest has decreased the number of its employees by 40 thousand and intends to fire 5 thousand more. During the war, the Metinvest staff dropped to 60 thousand. “We lost a half of our business. Two major enterprises – Mariupol Ilyich Iron and Steel Works and Azovstal…
DetailsSince the start of the year, Kametstal has capitally repaired two locomotives. The TGM4 series machines No. 1181 and No. 1183 now operate at the Domennaya station, mostly transporting hot metal ladles and sludge carriers in the converter shop. The repair allows extending the operation of the locomotives by 6 to 7 years. Kametstal operates…
DetailsIn January, Kazakhstan exported 1.8 thousand tons of uranium valued at $228.6 million to Russia. In January-May 2022, exports totaled 1.9 thousand tons at $216.5 million. Thus, the January volume is comparable with the volume over 5 months of 2022. (Ukrainian metal)
DetailsArcelorMittal Kryvyi Rih on April 7 will pay remuneration for the work in 2022 in the amount of 50% of average monthly salary. According to the company CEO Mauro Longobardo, in 2022 Ukraine, Kryvyi Rih and AMRK faced unheard of challenges. Because of the ports blockade and difficulties connected with the Russian invasion, the works…
DetailsIn 2022, Ferrexpo received $1.2 billion of income, down from $2.5 billion in 2021. The drop was due to the Russian invasion of Ukraine resulting in the operational and logistics losses. EBITDA decreased by 47%, to $765 million. The fall was partially compensated for by the exchange rate difference ($339 million). Capital investments fell to…
DetailsAt present Stalkanat (Odesa) is operating at 70% of its capacities due to the limitations caused by the market situation and logistics problems due to the Russian invasion. According to the company CEO Sergey Lavrinenko, the demand for the Stalkanat products on the European market has decreased. In Ukraine the products are sold, but the…
DetailsIn January, Ukraine decreased exports of aluminum and wares by 33.7% YoY, to $6.776 million. Exports dropped by 42.7%, to $96.972 million. In December 2022, exports totaled $6.33 million. (Ukrainian metal)
DetailsIn 2022, enterprises of Ukrtruboprom decreased pipes manufacture by 37.9% YoY, to 449.7 thousand tons. All the companies showed a negative dynamics last year. Thus, Interpipe Niko Tube decreased output by 31.1%, Trubostal – by 61.6%, Centravis – by 38.3%, Interpipe NMTZ – by 67.1% and Oscar – by 20%. Only Ukrtruboisol was able to…
DetailsIn 2022, KAZ Minerals extracted 380 thousand tons of copper, up by 27% YoY. Gold output totaled 171 thousand ounces, up by 2%, mostly due to higher rate of extraction and processing of ore with higher gold content at Bozshakol. The company also produced 3.768 million ounces of silver (+10.3%) and 47 thousand tons of…
DetailsIn January-February, Almalyk Mining and Processing Works fulfilled its export forecast. Exports totaled $101.333 million. In particular, Almalyk exported 6889 tons of copper products and 5235 tons of zinc products. (Ukrainian metal)
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