The prices of precious metals varied in Azerbaijan on January 18. The price of gold increased by 0.799 manats, to 2,196.4255 manats per ounce on January 18 compared to the price on January 17. The price of silver decreased by 0.024 manats, to 26.4263 manats per ounce. The price of palladium grew by 96.1945 manats,…
Workers of NLMK Clabecq, a Belgium plant of the Russian steelmaker Novolipetsk Steel (NLMK), have gone on strike in response to plans to lay off half of personnel under a restructuring program, a labor union representative reported. “We announced a strike as a response to that, and it will be in force until 2.00 p.m.…
Highland Gold Mining Limited has reassessed the ore reserves at the Mnogovershinnoye deposit according to JORC (2012). Thus, gold quantity in ore as of January 1, 2018 increased to 771,569 ounces from 452,866 ounces. Gold contents dropped from 5.5 g per ton to 2.7 g per ton due to the considerable increase in ore volumes…
In December 2018 Ukraine produced 1.89 million tons of steel, 1.83 million tons of pig iron and 1.52 million tons of rolled metal, all up by 14%, 12% and 3% YoY respectively. The output increase is due to the completion of repairs at some enterprises. Also, last year Ukraine produced 60.32 million tons of iron…
In 2018 Ukrainian metal enterprises consumed some 1.84 billion cubic meters of natural gas, up by 4% YoY. In December 2018, gas consumption grew by 13% MoM, to 170 million cubic meters. Energy consumption last year was 11.76 billion kW-h, up by 6% YoY. (Ukrainian metal)
In 2018 Ukraine procured 3.67 million tons of scrap, down by 2% YoY. Of this amount local companies received 3.34 million tons, up by 3%. 0.33 million tons were exported, down by 33%. In December 2018, 317 thousand tons of scrap were procured, up by 1% MoM, with 309 thousand tons supplied to local metal…
The Chairman of the Board of Directors of PJSC Magnitogorsk Iron and Steel Works (MMK) Victor Rashnikov made a statement in connection with the decision of the president of the Russian Federation Vladimir Putin regarding relocating residents of the building affected by the tragedy in Magnitogorsk. “In the first hours after the terrible tragedy that…
According to Ukrmetallurgprom, in February Ukraine will produce 1.7 million tons of steel, 1.6 million tons of pig iron and 1.5 million tons of rolled metal. As of January 16, 20 out of 21 blast furnaces, 8 of 9 open-hearth furnaces, 15 out of 16 converters, 6 out of 15 electric arc furnaces and all…