The cost of gold, silver and platinum increased in Azerbaijan on March 27, while the cost of palladium decreased, according to the data published by the country’s Central Bank. The cost of gold increased by 71.7 manats, to 2301.562 manats per troy ounce compared to the price on March 19. The cost of silver increased…
A miner died last night during underground works in Shukruti mine in the village of Chiatura – a city in the western Georgian region of Imereti. The mining accident claimed the life of 45-year-old Zaza Abramishvili at around 3 am. Georgian American Alloys, the company responsible for the mine, said in a statement that part…
In 2017 Yasinovsky By-Product Coke Plant increased net losses 4.7-fold YoY, to 1.434 billion UAH. According to the company statement, its uncovered loss last year totaled 1.195 billion UAH. The company current liabilities grew 2.4-fold, to 2.29 billion UAH, while its fixed liabilities fell by 40%, to 63.181 million UAH. Its accounts receivable decreased by…
In January-February Zaporozhye Iron Ore Complex produced 697 thousand tons of iron ore, up by 37.2% YoY. According to a company representative, in February it mined 330 thousand tons of ore. The plan for this year is 4.55 million tons of ore with the iron contents of 60.85%. In 2017 iron ore output remained almost…
In 2017 Evraz NTMK produced 1.3 thousand tons of flanged beams for metal structures to be used in construction of Amur Gas-Processing Works infrastructure. This year the deliveries will continue. In particular Evraz NTMK produced beams of 19 sizes, including of low-alloyed steel 345. The company can manufacture 300 sizes of hot-rolled beams with the…
Oskol Electrometallurgical Works, a part of Metalloinvest, hosted a meeting of Metalloinvest commercial director Nazim Efendiyev and KamAZ deputy sales general director Rustam Shamsutdinov. The parties agreed on improving the efficiency in the supply of high quality rolled steel (SBQ), including creating the stocks and switching to electronic workflow. In 2017 OEMK supplied almost 50…
The Far East Development minister Alexander Galushka during his working trip to China has held a number of meetings with the local businesses. In particular, he held talks with the Minmetals Corporation. The corporation is eyeing the development of the Malmyzh copper-porphyry deposits in Khabarovsk region. The deposits reserves amount to 5.6 million tons of…
Smart Stahl GmbH (Austria) has purchased the movable property of the Liepājas metalurgs rolling shop. But it is believed that Dmitry Gerasimenko, owner of the Volgograd-based Krasniy Octyabr (Russia) could be behind the deal. He is a full owner of the Cyprus-based Segoa Ventures Limited, which owns Smart Stahl, created in April 2017. The sum…
