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
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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
The largest manufacturer of coking coal in Ukraine – the Pokrovskoye Mine Group – will not pay dividends for 2019, even though it has received a net profit of 925.01 million UAH. The annual shareholders meeting will be held on October 6 instead of April 23. The shareholders have to consider making a settlement deal…Details
Centerenergo has cleared its debts to state coal enterprises. “In August, we paid 610.04 million UAH”, the company said. This was made possible thanks to the sale of electricity until the end of the year. (Ukrainian metal)Details
In January-July, Zaporozhye Iron Ore Complex decreased iron ore output by 2% YoY, to 2.64 million tons. In July, the enterprise mined 412.1 thousand tons of ore. The company is mining ore at the depth of 301-1140 meters. In 2019, output grew by 0.3% YoY, to 4.56 million tons. (Ukrainian metal)Details
Until 2029, gold output in Russia could reach 482.1 tons (15.5 million ounces) per year. According to Fitch Solutions, this year gold output will be 351.5 tons (11.3 million ounces). In the next 9 years, output will be increasing by 3.7% per year. (Ukrainian metal)Details