In May, central banks globally bought 23 tons of gold and sold 12 tons. Kazakhstan was the biggest seller, offloading 11 tons. Poland led buyers with 10 tons, followed by Turkey with 6 tons and India with 4 tons. Uzbekistan’s central bank didn’t sell any gold in May after selling 1 ton in April. Thus,…
Interpipe has concluded a contract with Greenbrier, the largest carriage producer in Europe. “The head company is in the U.S., but the plant, where we have to supply a considerable volume of wheel pairs, is in Poland,” the company railroad product division director Olexander Garkaviy has said. Interpipe also has customers in Spain and Finland.…
In June, Zaporizhstal increased rolled metal output by 38.7% YoY, to 183 thousand tons. Pig iron manufacture amounted to 237 thousand tons (+0.2%) and steel – 236.7 thousand tons (+48.5%). Compared with May, rolled metal output fell by 10.3%, steel by 1.5% and pig iron by 1.3%. In January-June, Zaporizhstal produced 1.23 million tons of…
In January-June, Interpipe produced 43.5 thousand tons of railroad wheels. According to the railroad division director Olexander Garkaviy, 11 thousand of wheel pairs and 2.2 thousand tons of axles were manufactured. “These products are shipped to customers and not used by us. This output considerably exceeds last year’s level,” he said. If the trend persists…
Zaporizhstal has carried out the third category capital repairs of the blast furnace No. 4. “Renewed and fully ready for operation. Our fourth blast furnace is longing to start producing pig iron after repairs,” the company said. A new loading machine was installed, while foundry yard, air-heaters and exhaust machines were modernized. More than 92…
At night of June 30, Ukrainian UAVs attacked the territory of the largest metal works in Russia – NLMK. The information was confirmed by the company press service. The company claimed the attack was carried out by an “UAV swarm”. NLMK acknowledged that the works sustained damages. The attack of the drones started at 2…
President of Kyrgyzstan Sadyr Japarov signed the Law “On Amendments to Certain Legislative Acts (the Code of Offences, the Law “On Subsoil”) and invalidating the Law “On Prohibition of Activities Related to the Geological Survey of Subsoil for the Purpose of Search, Exploration and Development of Uranium, Thorium Deposits in the Kyrgyz Republic”. The document…
Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov, as part of his working trip to Urumqi (XUAR, China), met with the heads of a number of large companies. A conversation took place with the management of Zhicun Lithium Industry Group Co., Ltd, where issues in the mining industry were discussed, in particular, implementation…