Russia, Azerbaijan Metals and Mining

Russia Minerals:Review and forecast of market development: Q3

In the first nine months of 2015, the Russian index of mineral resources mining grew by 0.3%, and the index of mining of metal ores increased by 1.6%. The index of metallurgical production and output of finished metal products fell by 5.7%.
In the non-ferrous metallurgy production the index decreased by 8.1% due to the reduced putput of products of increased technological readiness, delivered to the domestic market. The index of mining and enrichment of non-ferrous metals grew by 3.1%. The domestic demand for non-ferrous metals decreased by 20%, while the export grew by 1.7%.
According to the Russian Statistics Committee, in January-September 2015, the ore mining and production of gold concentrates decreased by 4.1%, the production of gold bullions - by 2.1%. According to the Ministry of Finance, the total gold production decreased by 0.6% to 215.868 tons, including primary production decreased by 0.7% to 173.82 tons, byproduct production - by 26.5% to 9.69 tons, and scrap production grew by 11.9% to 30.95 tons.

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MMK considers Azerbaijan as a promising market.

Today the 22nd International Exhibition "Caspian Oil and Gas-2015", which takes part in the Magnitogorsk Metallurgical Plant, started its work in Baku.
The widest range of products and plant businesses, the Group OJSC "MMK", is traditionally on the stand of the largest enterprise of metallurgical industry of Russia. The main focus is on products for the oil and gas sector, actively developing in the region: proven oil reserves in the Caspian shelf are estimated at over 10 billion tons.

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Kolomoysky to lose Russian ferroalloy market

An event that could adversely affect the Ukrainian ferroalloy producers happened at the May holidays. During his recent visit in Russia, the Chinese leader Xi Jinping agreed with Vladimir Putin on the construction of a plant for the production of electrolytic manganese.
Among the many documents, which the Chinese leader signed during his recent visit to Moscow, there were agreements between the Russian company ChEK-SU VC and the Chinese corporation Sinosteel on the construction of the electrolytic manganese plant in Khakassia, as well as a plant for processing of manganese ore in the Kemerovo region.
The total cost of the project will be 40 billion rubles. In addition, it is expected that the project will create 2.5 thousand new jobs.

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