The prices of precious metals varied in Azerbaijan on February 11. The price of gold increased by 2.822 manats, to 2,228.7935 manats per ounce compared to the price on February 8. The price of silver grew by 0.1371 manats, to 26.7958 manats per ounce. The price of platinum dropped by 4.369 manats, to 1,349.2560 manats.…
Zagorsky Pipe Works has successfully shipped the last batch of pipe piles to Bangladesh for the construction of the Ruppur NPP. Since November 2018 the company has supplied over 10 thousand tons of pipe piles with the diameter of 630 to 1420 mm. The pipe piles were shipped in containers. (Ukrainian metal)
In 2018 Stoylensky Mining and Processing Works increased concentrate output by 8% YoY, to 17.4 million tons, having become the second largest producer in Russia. Sinter ore manufacture totaled 1.5 million tons. Pellets output was 6.7 million tons, up by 12%. (Ukrainian metal)
In January Chukotka Autonomous District extracted 1665 kg of gold and 8.7 tons of silver, down by 5% and by 19% YoY. At present only ore gold is being mined. 5 companies are involved in the process. Alluvial gold sites development will start in May. 7 companies will operate there. In 2018 Chukotka obtained 24,130…
In 2018 Severstal-Metiz mastered the manufacture of over 150 new types of products. In particular, the company has started producing new types and sizes of steel sections, fasteners and bars, as well as ropes and wires. “Severstal-Metiz is constantly trying to create new products and is actively developing import-replacing programs”, the company CEO Sergey Kovryakov…
ArcelorMittal Kriviy Rih held public hearings on the intention to obtain air emissions permit from stationary sources of the industrial site No. 1 of Metallurgical Production and Underground Mining Department. The hearings were held with the participation of public environmental NGOs, deputies of the City Council, the residents of the city, as well as experts…
The net profit of Russian gold producer Polyus plummeted by about 60% YoY, to 29.266 billion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on February 11. Revenue rose by 16.4% YoY, to 184.692 billion rubles in 2018. Gross profit gained 17%, to 117.347 billion rubles,…
The premises and movables of the insolvent KVV Liepajas metalurgs were sold on February 8 at an auction for 255.8 thousand euros. The initial price was 209.3 thousand euros. In March 2018 Smart Stahl GmbH (Austria) purchased the movables of the rolling shop. FeLM received the electric arc furnace. KVV Liepajas metalurgs was declared insolvent…