ArcelorMittal Kriviy Rih has invested $60 million in the reconstruction of its small-section mill No. 250-4. Thanks to the reconstruction the mill now can produce rebars Nos. 8-24 in coils. The commission and certification of the mill are scheduled for January-February 2020. Manufacture of rebars in coils for sales will start in late Q1 2020.…
In October Russia exported 148 tons of flat rolled copper, down by 23% MoM and by 47% YoY. Deliveries to Belarus have been decreasing for 3 months in a row, and fell by 10%, to 79 tons in October, with exports to Kazakhstan and Ukraine down by 37% an 29%, to 24.3 tons and 41.3…
In October Russia imported 152.5 tons of raw tin, up by 42% MoM and by 123% YoY. Deliveries from Bolivia and Belgium totaled 20.6 tons and 20 tons respectively. Imports from Peru grew 2-fold, to 50 tons. Imports in 10 months totaled 998 tons, up by 5% YoY. In monetary terms since the start of…
The Department of Subsoil Use has prolonged 2 Vysochaishiy licenses to prospect at Bodaibinsky district of Irkutsk region. Thus, prospecting at the Patomskiy and Zapadniy Dokukan sites will be extended until October 15, 2021. The company bought the licenses in October 2014, and they expired on October 15. The forecast reserves of the Patomskiy site…
In January-September Kurilgeo LLC, extracting precious metals on the Urup isle, increased gold output by 12% YoY, to 856 kg, and silver – by 40%, to 3.3 tons. The increase is due to the mining of ore with high metal content. This year Kurilgeo intends to extract 1065.7 kg of gold and 3267.7 kg of…
Dneprovsky Iron and Steel Combine has blown its blast furnace No. 12. At present the company operates with all of its blast furnaces – Nos. 1M, 9 and 12. In September BF-12 was shut down because of the drastic decrease in metal price and demand. During this delay the company performed the repair of the…
Last week the price of one ounce of gold increased by 40.40 manats ($23.7) or by 1.6%, to 2,551 manats ($1,501). The price of one ounce of silver grew by 1.28 manats ($0.75 cent) or by 4.3%, to 30.24 manats ($17.7). The price of one ounce of platinum went up by 20.85 manats ($12.2) or…
Baltkat, a resident of the special economic zone in Ozersk, will be producing oxygen-free copper wire rod. Investments in the project totaled 90.8 million rubles. Annual output is estimated at 5 thousand tons. In 2018 the company was the first in Russia to receive a Fund of Industry Development loan of 56 million rubles. The…