The prices of main precious metals varied in Azerbaijan on May 24, according to the data published by the Central Bank. The cost of gold increased by 4.8535 manats, to 2201.9335 manats per troy ounce compared to the price on May 23. The cost of silver decreased by 0.1883 manats, to 27.9596 manats per ounce.…
In January-March Uzbekistan Iron and Steel Works received 83.5 billion sums of net profit, up 6.5-fold YoY. Net revenue from sales grew 3-fold, to 872.7 billion sums, and gross profit – 3.1-fold, to 241.4 billion sums. The works was commissioned in 1944. In 1994 after the merge with the Shirin Machine-Building Works and the Vtorcherment…
In March Russia imported 26.7 thousand tons of ferrous scrap from Kazakhstan, up by 20.2% MoM, but down by 19.6% YoY. In February the results were -3.1% and +40.6%, while in January –62.6% and –40.3% respectively. In January-March imports totaled 72 thousand tons, down by 34.1% YoY. (Ukrainian metal)
In January-April Tajikistan mined some 268 thousand tons of coal. According to the Ministry of industry and new technologies, preliminary needs of industrial enterprises in coal in 2018 amount to 920 thousand tons, of budget organizations – 57.2 thousand tons, heat and thermal power plant Dushanbe-2 and boiler houses – 1.245 million tons. So far…
TALCO Gold plans to construct a precious metals extracting and processing works in the north of Tajikistan. Construction is expected to have been completed by the end of 2019. Around 1 thousand jobs will be created. TALCOo Gold is a part of Talco. The latter received the gold deposits on the territory of Aynin district…
Sinarsky Pipe Works has for the first time produced pipes with the Q135 and Q125 strength and additional requirements to cold-resistance. In full accordance with the customer’s requirements the company has produced pipes, which can be used at the temperature of -60 degrees C. The pipes will be used in oil and gas condensate deposits…
Even though aluminum consumption per capita is lower in Russia, than in EU, in 2017 Russia claimed the first place in aluminum consumption growth (by 10%) as a whole and primary aluminum (by 11%) in particular. The main drivers of consumption growth are construction, car manufacture, and machine-building. Combined they will soon account for 80%…
During the St. Petersburg International Economic Forum, ChtPZ Group and SAP CIS have concluded a memorandum of cooperation in digital transformation. According to the document, in 2018-2025 ChTPZ plans to unify and increase efficiency of its business processes with the help of a unified system on the basis of SAP S/4HANA. “Digital transformation is a…
