Russia’s coal exports to Asia may contract in the next 10 years as some states in the region may refuse the fuel, Natural Resources and Environment Minister Dmitry Kobylkin declared on November 30. “The thing of importance here is not the position of our European colleagues, because as far as I am aware, we do…
China’s HBIS Tangsteel plans to build a 100-billion ruble steel plant in Russia’s Far East, the regional authorities said in a statement on November 30. “The corporation is interested in cooperation with the Far East of Russia. HBIS Tangsteel plans to acquire a metals plant in the Khabarovsk region, and to build a new metal…
Precious metal prices varied in Azerbaijan on November 30, according to the data published by the Central Bank. The price of gold decreased by 0.153 manats, to 2,082.568 manats per ounce on November 30 compared to the price on November 29. The price of silver dropped by 0.057 manats, to 24.3678 manats per ounce. The…
Industry and Trade Minister Denis Manturov met on November 29 with Russian producers of large-diameter pipes, who were dissatisfied with the procurement policy of Gazprom, sources close to the participants of the meeting reported. A source familiar with the results of the meeting said that the ministry agreed to organize a working group to discuss…
In October Russia produced 6.02 million tons of raw steel, up by 0.6% YoY (5.826 million tons in September). In January-October raw steel output totaled 60.294 million tons, up by 1.6% YoY. Ukraine, no longer a part of CIS, produced 1.917 million tons of steel, down by 6.7% YoY (1.787 million tons in September), and…
Magnitogorsk Iron and Steel Works (MMK) has successfully passed its second supervisory examination of energy management for compliance with the international standard ISO 50001, the certificate of conformity to which was first obtained in 2016. The audit was conducted by auditors of the certification body TUV Thuringen e.V. (Germany). The audit confirmed that the energy…
Anglo Asian Mining PLC expects gold production to be around 78,000-84,000 ounces in 2018 in Azerbaijan, President & CEO of the company Reza Vaziri declared. He said that it was expected 2018 production to be at top of the range. Vaziri said that the production was growing strongly, adding that the company commissioned a second…
Metalloinvest has signed an addendum to the loan agreement with ING Bank Eurasia. The bank has extended till November 2020 the terns of the loan in the volume of $200 million (or in euro equivalent). In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion. Revenue grew by 17.3%, to $5.342 billion and…
