The prices of precious metals varied in Azerbaijan on January 16. The price of gold decreased by 2.431 manats, to 2,192.6005 manats per ounce compared to the price on January 15. The price of silver dropped by 0.1644 manats, to 26.4819 manats per ounce. The price of platinum fell by 8.67 manats, to 1,359.4475 manats.…
Companies located in Magadan region produced 36.8 tons of gold in 2018, a record for the past 20 years, as the Natalka field of gold producer Polyus reached its projected capacity, the region’s government said in a statement on January 16. Lode gold output in the region amounted to 18.9 tons, and alluvial gold production…
Last year Kuzbassrazrezugol mined 48.4 million tons of coal, up by 1% from the annual target. On December 22, 2018 the Baimskaya mine reached its annual output. It was followed by the Krasnobrodskiy pit on December 24, 2018, and after that by Mokhovsky and Kaltansky pits, as well as Kedrovsky pit. On December 28, 2018…
In 2018 Beloretsk Iron and Steel Works increased sales of metal wares to car and plane manufacturers, as well as to construction companies. Rods used in machine-building and aviation to produce springs and fasteners saw the highest increase – 25%. Sales of cold-deformed rebars used in construction enjoyed a growth of 23%. Low-carbon wire for…
Zaporozhogneupor specialists have completed the repair of the blast furnace No. 2 at Azovstal Iron and Steel Works, The repair has been carried out in 10 days, while the usual term is 14 days. As refractory materials some 35 tons of Zaporozhogneupor concrete were used. With this repair Azovstal was able to additionally produce some…
Russky Ugol increased coal output at the Sayano-Partizansky pit in Krasnoyarsk region by 22% YoY, to 1030 thousand tons in 2018. For the first time in its 15-year history the pit has reached the output of 1 million tons of coal per year. The reserves of the deposit, where the pit is situated, exceed 1.5…
Russian metals and mining giant Mechel has prolonged a contract with Turkish steel producer Kardemir to raise exports of metallurgic coke by almost 70%, to 200,000 tons in 2019, Mechel said in a statement on January 15. The company will sell coke produced by Mechel’s Moscow Coke and Gas Plant through the Mechel-Temryuk port in…
Steel scrap exports in January-November 2018 increased by 9% YoY, to 5.2 million tons. According to the customs statistics, deliveries to Turkey grew by 11.2%, to 2.288 million tons, and to Belarus – by 2%, to 1.222 million tons. At the same time sales to South Korea dropped by 8.9%, to 832 thousand tons. (Ukrainian…