The prices of precious metals increased in Azerbaijan on September 11, according to the data published by the Central Bank. The price of gold grew by 1.4535 manats, to 2,029.7575 manats per ounce on September 11, compared to the price on September 10. The price of silver went up by 0.0665 manats, to 24.0502 manats…
Russian metals producer Norilsk Nickel has launched a $2.5-billion environment protection initiative Sulphur Project at one of the two planned facilities, the company said. The project was started on the Medny plant and will later be launched at the Nadezhdinsky smelter. (Prime/Ukrainian metal)
Russia’s Economic Development Ministry expects aluminum producer UC RUSAL to finish registration in a special administrative region in October, Minister Maxim Oreshkin declared on the sidelines of the Eastern Economic Forum on September 11. “The law will come into force soon, now all bylaws are being prepared, there will be some adjustments including legislative adjustments.…
China Minmetals Corporation subsidiary has asked the Arbitrary court of Chelyabinsk region to recover the debt from Chelyabinsk Iron and Steel Works under the contract to construct the rail and beam mill. The Chinese company is claiming $16.69 million and interest. At the same time ChMK has filed a counter claim because of the bad…
Kyshtym Electrolytic Copper Plant has assembled the main equipment of the LUHR gas filter. It is used to purify gases of the main copper-smelting machine of the company – the MAERZ furnace. The filter is expected to be commissioned this year. The cost of the project is 200 million rubles. (Ukrainian metal)
President of Nornickel Vladimir Potanin has visited the deepest mine of the company, which is also the deepest in Eurasia, – the Skalisty Mine at the depth of 2056 meters. The Skalisty project is estimated at 134 billion rubles. Last year the mine yielded 1.9 million tons of ore, and this year 2.2 million tons…
On September 7 Electrozinc shut down its zinc manufacture to carry out annual repairs. Until the end of the month all the machinery will be checked, cleaned and repaired. Some 1 thousand employees are participating in the work, both contractors and shop workers. The main object of the repair is the sulfur acid shop. The…
Alexander Popov has been appointed the CEO of Bystrinskoye Mining and Processing Works effective as of September 3. He has previously worked in Kuzbassugol, Vorkutaugok, Olkon and Krasniy Kotelschik. The ex-CEO of BGOK Vladimir Nakivayko has been working at Nornickel enterprises for 25 years. (Ukrainian metal)