Energomashspetsstal has won a tender to supply over 700 tons of rolls to ABB. The rolls will be used in electric engines. According to the schedule of deliveries, the billets will be shipped to the customer in February 2019. In September EMSS shipped a batch of rolls for ABB to Finland. The batch included 12…
Belarus Iron and Steel Works intends to commission a new gas and dust extraction system in 2019. According to the company information, investments in the project will exceed $13.5 million. 55% of funds have already been used. WaterGroup Ltd. (Finland) has supplied all the necessary equipment. To assemble the system, the electric furnace No. 3…
Magnitogorsk Iron and Steel Works (MMK) has decided to use the electronic trading platform B2B Center to choose equipment repair services. This will ensure the openness of tender procedures, as well as automating the collection of proposals from potential contractors and expanding the customer base. “We have successfully tested the capabilities and functionality of B2B…
Prices of gold, silver and platinum decreased in Azerbaijan on October 8, according to the data published by the Central Bank. The price of gold fell by 2.3 manats, to 2,035.3165 manats per ounce on October 8 compared to the price on October 5. The price of silver dropped by 0.1433 manats, to 24.6487 manats…
Alliance Altyn Company is going to put a license for development of Jerooy gold deposit in pledge in a bank to get a loan of $180 million, Daniyar Zhanykulov, head of the company’s public relations department, reported. According to him, the wording of the law on mineral resources, adopted in May, allows companies to carry…
The price of one ounce of gold increased by 17.527 manats or by 0.87% last week in Azerbaijan, to 2,033.8273 manats. The price of one ounce of silver decreased by 0.0936 manats or by 0.39%, to 24.3830 manats. The price of one ounce of platinum grew by 18.3022 manats or 1.32%, to 1,400.0622 manats. While…
An alternative route has been established for the supply of raw materials from Azerbaijan to Tajikistan for the needs of the Tajik Aluminum Company (TALCO), the Tajik Embassy in Azerbaijan reported. This route implies deliveries from Azerbaijan through Russia, Kazakhstan and Uzbekistan to Tajikistan bypassing Turkmenistan. The transit through Turkmenistan has recently been closed, and…
In 5 years the KamAZ foundry works has decreased the level of faulty products 4-fold, to 2.05%. By the next year the works intends to have reduced it by 25% more. According to the chief technical engineer of the company Vitaliy Martemyanov, every day special working groups analyze the conditions of the foundry rigs and…