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Author Archives: admin

Russia: coal company becomes Beringovsky area resident

coalBy admin27.08.2018Leave a comment

The Shakhta Ugolnaya Company, mining coal in Chukotka Autonomous District, has joined the Beringovsky area of advanced development. Within the area, the company will modernize its capacities and in 3 years acquire new machinery – a belt conveyer, a combine, winches and other equipment. The total volume of investments will reach 250 million rubles. The…

Russia: Raspadskaya coal sales to Ukraine up in H1 2018

RaspadskayaBy admin27.08.2018Leave a comment

In January-June Raspadskaya sold 391 thousand tons of coking coal to Evraz Ukraine companies, up by 69% YoY. Evraz share in Raspadskaya sales grew to 11% from 7% last year. All in all in 6 months the company sold 4.382 million tons of coal and coal concentrate, up by 22% YoY, with 2.488 million tons…

Azerbaijan: precious metals up in price on August 27, 2018

precious metalsBy admin27.08.2018Leave a comment

The prices of precious metals increased on August 27, according to the data published by the Central Bank. The price of gold increased by 31.824 manats, to 2051.526 manats per ounce on August 27, compared to the price on August 24. The price of silver grew by 0.4952 manats, to 25.2522 manats per ounce. The…

Russia: KMZ increases warehouse areas

KMZ, Kosaya Gora Iron and Steel WorksBy admin27.08.2018Leave a comment

The repair service of Kosaya Gora Iron and Steel Works has started a new project – creating an additional site to stock products. The decision has been taken due to the warehouses of the blast furnace shop being not enough. The project will allow the company guaranteeing the fulfillment of orders in time. The company…

Russia: Electrocable supplies 400 km of cable for innovative greenhouses

ElectrocableBy admin27.08.2018Leave a comment

Electrocable has supplied 70 km of cable for the construction of the second stage of UGMK-Agro greenhouse complexes. The total volume of deliveries, including for the first stage, reached 400 km. The construction of the first stage ended in 2017. The second 5-generation greenhouse with the area of 6.8 ha will have been commissioned by…

Russia: Krasniy Octyabr to assemble boiler houses

Krasniy Octyabr Iron and Steel WorksBy admin27.08.2018Leave a comment

The Volgograd-based Krasniy Octyabr is carrying out the program of technical revamping. The next step is the assembly of boiler houses. So far subcontractors have prepared foundation for 4 mini-boiler houses. The foundation for 2 more is under construction. Viessmann Group will supply the machinery. (Ukrainian metal)

Azerbaijan: precious metals market on August 20-25, 2018

precious metalsBy admin27.08.2018Leave a comment

The price of one ounce of gold increased by 3.621 manats or by 0.1796% last week, to 2022.385167 manats. The price of one ounce of silver decreased by 0.361 manats or by 1.4372%, to 25.01767 manats. The price of one ounce of platinum decreased by 15.4785 manats or by 1.1519%, to 1343.92083 manats. And the…

Russia: Silver Bear Resources sells 3.3 tons of silver

silverBy admin27.08.2018Leave a comment

Since the start of the year Silver Bear Resources Plc has sold 3.3 tons (118.3 thousand ounces) of silver extracted within the Mangazey project in Yakutia. In March-June the company produced 1822 kg (64.287 thousand ounces) of silver in powder form. In June Prognoz, controlled by Silver Bear Resources, produced some 1000 kg of silver…

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