Priisk Solovievskiy LLC has started washing season at the alluvial gold sites in Amur and Zabaikalye regions. Four dredgers have been commissioned after repairs. Two are operating at the Oldoy quarry in Amur region. Solovievskiy ore deposit is operating in normal mode. In Zabaikalye region, operation has started at the Zabaikalskiy quarry. In January-February, the…
In January, Russia exported 59.6 thousand tons of refined copper, down by 8% MoM, but up by 35% YoY. Price grew from $5.8 to $5.9 per kg. Deliveries to China increased by 8%, to 25.3 thousand tons, and to Germany – from 1.3 thousand tons to 9 thousand tons. At the same time sales to…
Moscow Loan Bank has provided Polyus with a loan of 8 billion rubles. The funds will be spent to maintain current activities. The company is one of the main partners of the bank, as it has vast reserves of gold. (Ukrainian metal)
Alexei Mordashov, chairman of the board of directors of Severstal, has ordered the company to distribute 500 million rubles to the employees as compensation for the coronavirus pandemic, Severstal said in a statement on April 6. It is important to support each employee as they have different problems with transportation, services, purchase of medicines, and…
Mechel Group’s sales network Mechel Service is supplying steel rolls for construction of infectious disease hospitals designed to fight coronavirus all over Russia. As part of the government’s plan to prevent the spread of coronavirus, rapidly erectable medical centers designed for fighting infectious diseases are being built. Construction works are held round the clock. Russia’s…
Last week, the price of one ounce of gold decreased by 42.4048 manats (by $24.9). The average price of one ounce of gold stood at 2,725 manats ($1,602). The price of one ounce of silver decreased by 0.58984 manats ($0.03), to 24.00616 manats ($14.1). The price of one ounce of platinum dropped by 30.4024 manats…
In January, Russia exported 1.4 thousand tons of raw chrome, down by 11% MoM, but up by 19% YoY. Price dropped by 6%, to $5.8 per kg. Deliveries to the Netherlands fell by 18%, to 768 tons, and to the USA – by 5%, to 453 tons. In 2019, exports totaled 19 thousand tons, unchanged…
Cherepovets Iron and Steel Works is mastering the manufacture of galvanized plates of high-strength steel grades. This product is in demand from European and domestic manufacturers of metal structures. Since April 2019, CherMK has been operating a continuous hot-dip galvanizing machine No. 4, which produces cold-rolled galvanized sheet, as well as hot-rolled etched galvanized sheet…