The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev met with the Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov, the press service of the government reported. Mukhammedkaly Abylgaziev noted that the mining industry and, in particular, gold mining were one of the strategic sectors of the domestic economy. It is necessary to ensure maximum openness of…Details
The prices of main precious metals increased in Azerbaijan on May 10, according to the data published by the Central Bank. The cost of gold increased by 6.698 manats, to 2236.095 manats per troy ounce compared to the price on May 8. The cost of silver increased by 0.1647 manats, to 28.1314 manats per ounce.…Details
In 2017 VTB increased the number of gold-purchasing contracts with the Zabaykalye region enterprises by 32% YoY.
The bank concluded agreements to buy 2.9 tons of gold, or 22% of all gold produced in the region.
Last year Zabaykalye region yielded 13.2 tons of gold, up by 10% YoY. (Ukrainian metal)
The Belarus Iron and Steel Works has expanded the overall export geography to 118 countries, the company’s press service reported. This year the steel mill BMZ has shipped a batch of rolled steel to Guatemala. In January-April BMZ also offered new kinds of metal products to Denmark and Mali. According to the latest data, in…Details
Domestic enterprises of the aluminum-consuming industries are prepared to increase the volumes of purchases. “For example, the representatives of the cable industry say they can process up to 500 thousand tons of aluminum, up from the current levels of 200-300 thousand tons”, the Aluminum Association chairman Valentin Trischenko said. The small business also has ways…Details
The Ministry of Economic Development has hosted another meeting of the sub-commission on customs-tariff, non-tariff regulation and protective measures in foreign trade of the government commission on economic development and integration. In particular, the issue of US decision to impose special import duties of 25% on ferrous metal and 10% on aluminum was discussed. The…Details
Severstal has completed the scheduled repairs of machinery at the electric steel shops of Cherepovets Iron and Steel Works. “The mine furnace No. 2 saw the main volume of repairs. It has lasted for 6 days, 45 hours less than planned. The repairmen have also reconstructed the ladle furnace No. 2 and the steel vacuum…Details
In April spot trades of imported aluminum in Japan grew on the background of American sanctions against Rusal. Prior to sanctions Japan has been importing some 30 thousand tons of aluminum billets per month. In April spot purchases on CIF totaled 15.5 thousand tons as opposed to 4750 tons in March. Out of this volume…Details
Valentin Makarenko has been appointed the director of the scrap-procuring company Interpipe Vtormet. According to the company press release, his first day in the office was April 28. “Makarenko has been working for Interpipe for 2 years. Previously he has been the commercial director at Interpipe Vtormet”, the report said. His main tasks in the…Details
Zaporizhstal has successfully passed the second audit of the Energy management system for the correspondence with the ISO 50001:2011. The auditors have highly estimated the work of the company in energy resources management. Zaporizhstal has been certified and regularly confirming its compliance with the requirements of the international standards ISO 14001, ISO 9001 and OHSAS…Details
The State Property Fund has included the Novovolynskaya mine No. 10 in the list of enterprises subject to privatization. The mine was included in the list according to the fund order No. 447 dated March 27. In late 2017 the Prime Minister of Ukraine Vladimir Groysman said it was necessary for the state to finish…Details
PJSC ArcelorMittal Kriviy Rih has been awarded with a certificate for implementation of the best energy-efficient and resource-saving technologies that reduce the negative impact on environment. The company got the winner’s certificate during interregional conference, called Green Solutions of Business – Uniting for Sustainable Development, which took place in Dnepr. The Dnipropetrovsk Regional Council, the…Details
In January-April Ukraine exported 1.02 million tons of pig iron, up by 87.7% YoY, valued at $339.95 million, up 2.2-fold. According to the State Fiscal Service, pig iron was mostly exported to the USA (47.66%), Italy (19.33%) and Turkey (10.94%). At the same time in 4 months Ukraine imported 414 thousand tons of pig iron…Details
In April, according to the railroad statistics, direct deliveries of ferrous scrap to the major metal companies and pipe works totaled 1.11 million tons, up by 38.6% MoM and by 9.3% YoY. In March the results were +26.3% and –8.2%, while in February +4.6% and –23.1% respectively. In January-April scrap deliveries reached 3.16 million tons,…Details
In 2017 Ruspolymet received 199.6 million rubles of net profit, down by 25% YoY, as calculated under the International Financial Reporting Standards.
At the same time, the company income totaled 8.65 billion rubles, up by 10.3% YoY. (Ukrainian metal)
In 2017 Mangazeya Mining Ltd LLC produced 24.3 thousand ounces of gold, down by 11.2% YoY.
The main reason of the drop is the low gold contents in the ore.
Ore mining grew by 2.7%, to 951 thousand tons.
Last year gold sales totaled 24.1 thousand ounces, down by 12.3% YoY. (Ukrainian metal)
In April railroad deliveries of steel and pipes to major Russian metal companies and for exports totaled 5.44 million tons, down by 4.4% MoM, but up by 5.2% YoY. In March the results were +11.3% and +3.3%, while in February –13.5% and +4.1% respectively. In April Russia supplied 3.19 million tons to the domestic market…Details
Corum Svet Shakhtera has produced a drill loading machine for the Sherlovskaya-Naklonnay mine of the Donugol company. According to the company statement, the capacity of the machine is 3 cubic meters per minute and the drilling speed is 48 meters per hour. The reinforcing of the scrapper with the wear-resistant steel will increase its service…Details
In April Yuzhniy Mining and Processing Works produced 1000.3 thousand tons of concentrate, down by 0.1% YoY. According to the company statement, sinter output increased by 7%, to 133.5 thousand tons. In January-April UGOK concentrate output dropped by 0.7% YoY, to 4012.3 thousand tons, while sinter manufacture grew by 13.8%, to 654.9 thousand tons. (Ukrainian…Details
Trading floor for electric power Nord Pool has allowed Kubal, a Swedish plant of Russian aluminum company UC RUSAL, to resume trading after suspension in April, Nord Pool said in a statement on May 8. “Nord Pool wishes to inform that Kubikenborg Aluminium AB’s suspension from trading on its markets has been lifted, and that…Details
The net profit of Russia’s Magnitogorsk Iron and Steel Works (MMK) rose by 15.8% YoY, to $279 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on May 8.
Revenue increased by 23.8%, to $2.055 billion, while EBITDA grew by 23.9%, to $560 million. (Prime/Ukrainian metal)
The prices of main precious metals decreased in Azerbaijan on May 8, according to the data published by the Central Bank. The cost of gold dropped by 8.1345 manats, to 2229.397 manats per troy ounce compared to the price on May 7. The cost of silver decreased by 0.1523 manats, to 27.9667 manats per ounce.…Details
Buryatzoloto, the largest gold-mining company in the Republic of Buryatia and a part of Nordgold, intends to increase investments this year to 2.1 billion rubles, or by 23% YoY. This has to do with the replacement of mining equipment at both of its mines valued at 749 million rubles. 109 million rubles will be spent…Details
In April Russia mined 35.32 million tons of coal, up by 5.8% YoY, while exports increased by 0.7%, to 15.34 million tons. Deliveries to the domestic market grew by 17.5%, to 15.1 million tons. Imports dropped by 12.7% YoY, to 1.58 million tons. SUEK mined 9.2 million tons of coal, down by 1.2%, Kuzbassrazrezugol –…Details
In January-March Highland Gold Mining Limited obtained 59.31 thousand ounces of gold and gold equivalent, down by 9% YoY. This year the company intends to yield 265-275 thousand ounces of gold equivalent. Average gold price in Q1 was $1329 per ounce. Last year gold output at HGM enterprises grew by 4.3% YoY, to 272.3 thousand…Details
The state enterprise Yakutnedra has sold 5 alluvial gold sites at the auction. The winners were Nord LLC, Zoloto Ynykchana LLC, Charan LLC, Adycha LLC and Drazhnik LLC. In particular, Nord LLC paid 555 thousand rubles for the site at the Severikan brook. Zoloto Ynykchana LLC paid 1.65 million rubles for the site at the…Details