Russia plans to raise its coal output by around 1% YoY, to 413 million tons in 2018, according to documents signed at a ministerial meeting between Russia and Belarus on June 13. Coal consumption is expected at 192.5 million tons in Russia and 630,000 tons in Belarus, of which 530,000 tons will be imported from…
The prices of precious metals varied in Azerbaijan on June 13, according to the data published by the Central Bank. The cost of gold decreased by 3.23 manats, to 2,201.4405 manats per ounce compared to the price on June 12. The cost of silver decreased by 0.0919 manats, to 28.601 manats per ounce. The cost…
The state enterprise Lvivugol has a strategic goal for this year to construct a mini-processing factory at the Chervonogradskaya mine. The enterprise also plans to commission four long faces, as well as receive a loan worth 340 million UAH for the machinery at the Vozrozhdeniye and Stepnaya mines. Lvivugol is the only state coal enterprise…
Scrap procuring companies of Ukraine hope that the creation of the free trade zone with Turkey will decrease the export duty on scrap. At present the Agreement on the Association of Ukraine and EU presupposes the zeroing of the export rate on scrap by 2024. In 2018 the duty dropped from 9.5 euros per ton…
Interpipe is pondering the creation of the database of unscrupulous scrap procuring enterprises in order not to cooperate with them in future. “The scrap shortage is an important factor for us, but on the other hand we are now more concerned with the quality of the raw materials we receive. We want to create the…
The State Duma has adopted in the second reading the draft decree on imposing a zero rate of VAT on companies that extract precious metals from scrap or wastes without a license and then sell them to the State Fund, banks and the Central Bank. According to an explanatory note to the document, the tax…
Several gold-extracting projects will be carried out in Irkutsk region. Polyus intends to commission the Sukhoi Log deposits by 2026. The capacity of the gold-extracting factory is expected at 30 million tons of ore with the average gold output at 1.6 million ounces per year. Investments will total $2-2.5 billion. Meanwhile Polyus Verninskoye has received…
In mid-June the group of companies Ferrum (Novosibirsk) has put into operation the fifth pipe mill TESA 48-133. The mill produces electric-welded straight seamed pipes with the diameter of 48-133 mm. The total capacity of the mill is up to 6 thousand tons of pipes per month. (Ukrainian metal)