Since the start of the season, the miners team Vitim has extracted 1596 kg of gold, down by 13% YoY. This year, the company intends to extract 2500 kg of gold. Last year output was 2819 kg. Vitim owns over 30 licenses and is operating in Irkutsk region. (Ukrainian metal)Details
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Interpipe has increased pipe sales in the Near East countries. “We have victories at that market. We have made first deliveries to ADCO, UAE. It’s one of the largest Near East companies extracting gas and oil”, Interpipe CFO Denis Morozov has said. Moreover, the company also supplies pipes to Turkish Petroleum. “Recently, a new large…Details
In January-August, Druza LLC extracted 699.3 kg of gold at the Nevskoye ore deposit in Irkutsk region, down by 6.7% YoY. This year the company intends to mine 1100 kg of gold. Thus, the target has been met by 64%. Druza obtained the license to the deposit in 2003. The license is valid until 2029.…Details
The debt of DTEK for the rent of the Dobropolyeugol mines has reached 100 million UAH. According to the State Property Fund, monthly payments amount to 18.3 million UAH. DTEK has not been paying since March. The agreement on the long-term rent of the mines was signed on December 22, 2010. Last year, DTEK paid…Details
In July, the average level of salary in mining and metal industries increased. The largest growth was in mining companies – by 13.7%, to 19.8 thousand UAH. At by-product coke plants salaries grew by 10.4%, to 20.7 thousand UAH, at ferrous metallurgy companies – by 4.2%, to 17.9 thousand UAH, at pipe companies – remained…Details
The physical volume of gold deals on the Moscow Exchange fell by 31.91% YoY, to 7.517 tons in January-August, the Moscow Exchange reported. The volume of silver deals more than tripled to 21.287 tons. In monetary terms, deals in gold and silver fell to 30.925 billion rubles in the period from 27.7 billion rubles in…Details
Dneprometiz has approved of a new date of the annual shareholders’ meeting – October 2 instead of April 24, cancelled because of the coronavirus quarantine. The shareholders will be offered to keep the profit for 2019 in the amount of 25.235 million UAH undistributed. Dneprometiz produces metal wares of low-carbon steel. Its capacity is 120…Details
In August, Zaporizhstal decreased steel output by 4.2% YoY, to 336 thousand tons. Rolled metal manufacture dropped by 2.9%, to 282.3 thousand tons, while that of pig iron grew by 0.2%, to 394.8 thousand tons In January-August, the company produced 2.899 million tons of pig iron, 2.455 million tons of steel and 2.086 million tons…Details
In January-June, the volume of capital investments in metal industry decreased by 30.1% YoY, to 8.6 billion UAH. According to the State Statistics Service, the share of the metal industry in the total investments volume amounted to 13.6%. Capital investments in mining dropped by 37.4%, to 19.3 billion UAH, with the share of 30.5%. (Ukrainian…Details
Azerbaijan’s export of gold increased by 13.5% YoY, to $96.5 million, in January-July 2020, department head at the Center for Analysis of Economic Reforms and Communications Nijat Hajizade reported. Azerbaijan exported gold worth $85 million during the same period of 2019. Azerbaijan exported 2,147 kg of gold to the world markets during the reporting period,…Details
Russia’s gold output rose by 2% YoY, to 138.1 tons in January-June, the Finance Ministry said quoting supplies to the refining plants. Mined gold output rose by 5.3%, to 116.38 tons, while by-product gold output decreased by 10.9%, to 8.27 tons, and production of gold scrap fell 1by 3.3%, to 13.45 tons. Russia’s silver output…Details
Interpipe Nizhnedneprovsk Pipe-rolling Works has finished repairs of annular furnaces at two rolling mills at two shops, having invested over 11 million UAH in the project. The repairs lasted for two months and were completed ahead of schedule. Interpipe NTZ produces longitudinal welded pipes with the diameter of 152 to 530 mm. Its capacities exceed…Details