The total economic effect from the implementation of projects to improve energy efficiency of production processes at Magnitogorsk Iron and Steel Works (MMK) in 2019 amounted to around 500 million rubles. These substantial results were achieved thanks to MMK’s efforts to improve energy efficiency at all levels of the industrial site. One of the most…
Azerbaijan’s AzerGold Closed Joint Stock Company sells high-quality 5, 10 and 20 grams ingots and coins made of gold and silver with the fineness of 999.9 at 12 sales points in Baku, Chairman of Board of AzerGold Zakir Ibrahimov said at a press conference on “Prospects for the development of the jewelry market in Azerbaijan:…
In December 2019 prices of exported metal products decreased by 1.6% YoY, while of imported grew by 6.5%. According to the Statistics Committee, export prices of ferroalloys dropped by 30.1%, chrome ore – by 27.2%, zinc ore – by 15.5%, zinc – by 5.6%, manganese ore – by 3.4% and copper – 2.4%. At the…
Razrez Tugnuisky in the Republic of Buryatia has commissioned BELAZ-75131 quarry dump trucks and a BELAZ-74131 towing vehicle. The machines were delivered in late 2019. The 130-ton BELAZs have replaced older models. The company fleet contains mostly machines with high lifting capacity – 130-ton BELAZ-75131 and 220-ton BELAZ 75306. (Ukrainian metal)
In 2019 Yakovlevsky Mining and Processing Works increased ore output by 21% YoY, to 1.5 million tons. Under the investment campaign amounting to 5.4 billion rubles, the enterprise has bought over 100 unites of machines, including 4 self-propelled drilling machines, 9 heading machines, 6 loading and transporting machines, 2 locomotives, etc. Moreover, the company has…
The Aluminum Association reported that the demand for aluminum packing materials on the domestic market grew by 20% YoY in 2019. Food containers, household foil and capsules for sparkling wine have demonstrated the largest growth – by 29%, 21% and 8% respectively. Following the growing demand Rusal has increased its portfolio of cans and caps…
Petropavlovsk Plc, which operates gold deposits in Russia, has analyzed a potential secondary public offering (SPO) on the Moscow Exchange. “Petropavlovsk notes recent press speculation regarding a dual listing on the Moscow Stock Exchange and can confirm that it has undertaken analysis of potential for a secondary listing in Moscow. In this respect, the company…
Russia’s production of unrefined, semi-refined or powdered gold rose by 8.1% YoY, but fell by 27.1% MoM in January, the Federal State Statistics Service said in a report. In 2019, gold production grew by 17% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)
