Mariupol Ilyich Iron and Steel Works has received two electric engines. They will operate in the sheet-rolling shop 1700. The reconstruction of the mill will allow the company to expand sales markets because of the improvement of quality and the increase in weight. Investments in the shop modernization total 2.4 billion UAH. The engines were…
Almalyk Mining and Processing Works, using new technique, has obtained palladium. Previously the works was obtaining palladium powder. The technique, consisting of 52 steps and lasting for 70 hours, allowed obtaining less than 1 kg of palladium per month. Last year the enterprise started studying obtaining palladium from the electrolyte solution as well as refined…
The State Expertise Service has approved the project to develop the ore zone No. 1 of the gold-silver deposit Dvoynoye. The site is situated in Chukotka and will be developed by Severnoye zoloto LLC, a part of Kinross Gold. The company intends to mine 230 thousand tons of ore per year at the site. The…
In 2018 Yakutia became one of the three largest gold extractors in Russia. The output has reached 29.5 tons, up by 20% YoY. Aldansky district yielded 12.75 tons of gold. The Sakha Gold Mining extracted 17.4 thousand ounces of alluvial gold last year. Polyus Aldan mined 6.209 tons of gold. (Ukrainian metal)
Following prospecting works in 2018, DVGK LLC intends to increase the gold reserves in the central part of Bolotistoye deposit by some 13 tons. When the reserves are approved, the company will start prospecting at other sites, as well as searching for an investor to construct a mining and processing works. Taking into account the…
On February 22 the Eurasian Economic Commission considered a number of integration, trade, as well as customs and technical regulation issues. One of the decisions was the zeroing of the customs duties on some of grafitized electrodes. At present the duty is 5%. The 0% duty is applied till April 30, 2020. (Ukrainian metal)
In January Ukraine exported $48.728 million worth of steel pipes, down by 9.1% YoY. Imports grew by 54.1%, to $19.118 million. According to the State Fiscal Service, in January exports dropped by 13.6% MoM, while imports – by 2.3%, to $0.454 million. USA imported the most pipes – $11.852 million. (Ukrainian metal)
The prices of precious metals increased in Azerbaijan on February 25. The price of gold grew by 10.7355 manats, to 2,262.5895 manats per ounce compared to the price on February 22. The price of silver went up by 0.2537 manats, to 27.1554 manats per ounce. The price of platinum increased by 39.423 manats, to 1,444.0820…
