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Author Archives: admin

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…

Russia: Polyus to pay 17 billion rubles of dividends for H1 2018

PolyusBy admin27.08.2018Leave a comment

The board of directors of the gold-extracting company Poluys has recommended the extraordinary general meeting of the shareholders to pay dividends for January-June in the amount of 131.11 rubles per ordinary share. The total amount of dividends to be paid reached 17.35 billion rubles ($253.2 million), or 30% of the EBITDA. In H1 the company…

Ukraine: scrap deliveries to drop in September 2018

scrapBy admin27.08.2018Leave a comment

According to the state enterprise Ukrpromvneshexpertiza, in September, scrap stocks of metal companies will decreased by 11.11% MoM, or by 10 thousand tons, to 80 thousand tons. At the same time in October scrap stocks will grow by 18.75% MoM, or by 15 thousand tons, to 95 thousand tons. As of mid-August scrap stocks at…

Russia: railroad deliveries of metal to oil and gas complex down in July 2018

Metal marketBy admin24.08.2018Leave a comment

In July railroad deliveries of metal to the major oil and gas enterprises totaled 298 thousand tons, down by 22% YoY. In January-July deliveries dropped by 10.7% YoY, to 2.5 million tons. According to the railroad statistics, this is the lowest result in the past 9 years. (Ukrainian metal)

Russia: Electrozinc starts assembling new machinery

ElectrozincBy admin24.08.2018Leave a comment

Electrozinc has started assembling new machinery in the leaching shop. The modernization of the site with the assembly of two large ball mills and construction of a new division of neutral leaching is carried out under the program of development in 2018-2022. “The project will provide for the decrease of zinc dust usage to clean…

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