In January-September the Pipe Metallurgical Company sold 3.004 million tons of pipes, up by 7% YoY. Seamless pipes accounted for 2.025 million tons, up by 1%. The sales of welded pipes totaled 0.979 million tons, up by 19%, and OCTG pipes – 1.422 million tons, up by 8%. The Russian division of TMK sold 2.162…
Norilsk Nickel is negotiating with the Chinese partners the choice of the site for Bystrinsky Mining and Processing Works IPO. “Our partners see Hong Kong or Shanghai as the site, while we want Moscow or London”, Nornickel president Vladimir Potanin said. The issue will be discussed in autumn 2019, when the GOK reaches its design…
Prices of gold, silver, platinum and palladium increased in Azerbaijan on October 24, according to the data published by the Central Bank. The price of gold grew by 13.745 manats, to 2,094.3745 manats per ounce on October 24 compared to the price on October 23. The price of silver went up by 0.4164 manats, to…
Energomashspetsstal and the largest Indian metal group SAIL have concluded an agreement on the delivery of four supporting rolls weighing 106.5 tons. The EMSS rolls will be installed at Salem Steel Plant hot-rolling mills. The contract has to be fulfilled in Q2-3 2019. The companies have been cooperating since 2013. (Ukrainian metal)
In January-September Kamchatka yielded 3986 kg of gold, down by 20% YoY. Alluvial gold accounted for the mere 6 kg, down by 80%. This year only one enterprise washed alluvial gold – Vector Plus team LLC. Silver output grew by 12.2% YoY, to 12.5 tons. Last year the region obtained 6682 kg of gold and…
In January-September VIZ-Stal produced 128 thousand tons of transformer steel, up by 9% YoY. The capacities were fully loaded. Transformer steel sales grew also by 9%, to 127 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. (Ukrainian metal)
This year Yakutia plans to yield 25 tons of gold. Last year the output was 24.78 tons. For this year the plan was to reach 24.5 tons. But because of the record output at some companies, in particular, Polyus Aldana, 25 tons of gold are expected to be extracted as the result of this year.…
The Northeastern manufacturing and geological enterprise, a part of the state holding Rosgeologia, has completed the scheduled works at the Verkhne-Khakchanskaya field in Magadan region. The enterprise was estimating gold ore reserves. The project will be carried out over 3 years – 2017-2019. The works carried out confirm that the average gold contents are 2.2…