The prices of main precious metals increased in Azerbaijan on June 6, according to the data published by the Central Bank. The cost of gold increased by 8.8145 manats, to 2,204.6705 manats per ounce compared to the price on June 5. The cost of silver increased by 0.1829 manats, to 28.0822 manats per ounce. The…
China National Gold Group and SUN Gold Ltd (India) intend to attract some $500 million of investments in 2 years to develop gold extracting at the Klyuchevskoye deposits in Zabaikalye region. The expected volume of output is 12 million tons of ore per year with the production of 6.5 tons of gold. If the regional…
ArcelorMittal Kriviy Rih has mastered the manufacture of a special angle for the market of the United Arab Emirates. “This exclusive angle with the dimensions of 38x38x5 mm was produced on the MS250-2 mill of the bar-rolling shop No. 1. Our specialists have created all the necessary equipment for the manufacture of the angle”, the…
Following the results of the “Best exporter of 2017” competition, held by the Belarus Chamber of Industry and Commerce, Belarus Iron and Steel Works has been named the leader in the Metallurgy nomination. This is the fourth BMZ victory in a row: the company was awarded the “Best exporter” title in 2014, 2015 and 2016.…
In January-April Armenian metal industry showed decrease of 14.4% against the growth of 9.4% in January-April 2017. According to the National Statistics Service, ferromolybdenum output dropped by 34.5% YoY, to 2439 tons. In April Armenia produced 545 tons of ferromolybdenum, down by 45.3% MoM. Molybdenum concentrate manufacture grew by 1% YoY, to 3964 tons, with…
Pervouralsky Pipe Works has replaced bag filters of the gas-purifying equipment. The cost of the project was 20 million rubles. The filter replacement will decrease dust emission and minimize the manufacture impact on the environment. According to the company managing director Alexei Dronov, this year environment projects budget has been increased by 20%. (Ukrainian metal)
Ingulets Mining and Processing Works has repaired the electric locomotive OPE1-AM No. 33. According to the company CEO Alexander Gerasimchuk, the locomotive was repaired at the Tbilisi Locomotive-building Pant (Georgia). Now the engineers are assembling the roof equipment. Soon the locomotive will resume operation. “This will allow us not only to increase the rock transportation…
The state enterprise Lvivugol has ordered Lviv Coal Company coal processing valued at 119.05 million UAH. The purchase was conducted via the negotiations procedure, as the previous two attempts through auctions failed because of the lack of participants. Cancelled purchases presupposed the purchase of processing of 878 thousand tons of coal at 83.43 million UAH,…