Metinvest has shut down the blast furnace No. 4 of the Azovstal Iron and Steel Works to carry out an ecological modernization. After the modernization the company will completely stop using seawater to cool the blast furnace. Moreover, in 2014-2016 the blast furnace underwent a reconstruction valued at 2 billion UAH. “Now we will replace…
Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…
NLMK Group, an international steel company, has signed long-term strategic partnership agreements with the leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India) and National Material Company (NMC, USA). Under these long-term agreements, NLMK Group will regularly supply transformer steel from its production sites in Lipetsk and Yekaterinburg, and offer expanded technical support. The…
Prices of precious metals decreased in Azerbaijan on September 24, according to the data published by the Central Bank. The price of gold dropped by 20.91 manats, to 2,035.104 manats per ounce on September 24 compared to the price on September 21. The price of silver fell by 0.2624 manats, to 24.1916 manats per ounce.…
Zoloto Delmachika LLC has decided to prolong the test production at the site till spring 2019. This year a large sample of ore has been obtained from the Severo-Vostochniy site and the Antimonitovaya mine. The first kilograms of gold have already been extracted. In October within the second stage of the test production the company…
In January-June Daltransugol, a part of SUEK, shipped 10.4 million tons of coal from the Vanino terminal, up by 3.6% YoY. All the coal was shipped to the Asian-Pacific region countries. The capacity of the terminal is 30 million tons of coal per year, or 1400 wagons per day. The company is working on increasing…
China National Gold and SUN Gold (India) intend to invest $485 million into development of a пold deposit in Zabaikalye region. Annual output at the Kluchevskoye gold ore deposits is estimated at 6.5 tons. According to the minister of industry and trade Denis Manturov, the development of this deposit will have increased gold output in…