The prices of precious metals decreased in Azerbaijan. The price of gold dropped by 4.1225 manats, to 2,193.986 manats per ounce on January 14 compared to the price on January 11. The price of silver fell by 0.213 manats, to 26.4543 manats per ounce. The price of platinum went down by 23.749 manats, to 1,374.671…
On January 10 ArcelorMittal Temirtau produced the 200-millionth ton of pig iron. The blast furnace No. 1 was put into operation on July 3, 1960. At present the plant operates 3 blast furnaces employing 370 people in the shop. (Ukrainian metal)
Yekaterinburg Non-Ferrous Metals Processing Works is actively studying the African market in order to develop cooperation with local mining and processing companies. In December 2018, a company delegation visited Algeria. During the visit the company delegation met representatives of a refining plant, a mining company, National geological survey bureau, and mineral fertilizers manufacturer. “African countries…
Sinarsky Pipe Works has commissioned new machinery to produce couplings of various sizes for high-strength pipes with Premium joints. The VSC-400 SM coupling sleeve making machine (EMAG) has been assembled in the oil segment pipes shop. This is the 8th machine. The previous 7 were commissioned in 2000-2015. (Ukrainian metal)
Chelyabinsk Iron and Steel Works will supply rolled metal for the construction of a railroad station on the Far East. Over 3 thousand tons of rebars will be used in construction in the Republic of Sakha (Yakutia). ChMK won the tender to supply rebars in December 2018. 2 thousand tons of rebars have already been…
ArcelorMittal Temirtau intends to have reached the target capacity by late January – early February. The company is still recovering from the major accident in November 2018. In particular, it is stabilizing the operation of the coke batteries. “As the full recovery of the manufacturing processes cannot be achieved in an instant, we commission them…
Gold production on Russia’s Chukotka peninsula decreased by 4.81% YoY, to 24.130 tons in 2018, an official at the regional industry policy, construction, and housing and utilities department reported on January 14. Placer gold output grew by 11%, to 2.583 tons. Output of Chukotka Mining and Geological Company, a unit of Kinross Gold, rose by…
The price of one ounce of gold increased by 6.902 manats or by 0.31% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,190.6217 manats. The price of one ounce of silver decreased by 0.1681 manats or by 0.63%, to 26.6537 manats. The price of one ounce of platinum…