In 2017 Kraszvetmet produced the record-high amount of gold in its history – 220 tons, up by 22% YoY. Last year 307 tons of gold were produced in Russia. The company also produced 570 tons of silver and 118 tons of platinum-group metals (platinum and palladium). The company produces precious metals of the raw materials…
In January-June Krasnoyarsk region increased power-generating coal output by 19% YoY. The growth in the output is explained with the increase in demand. This coal is one of the most exported from Russia. The largest coal importers are China, India and Japan. (Ukrainian metal)
The Severnaya mine in the city of Makeevka will be shut down, as water has not been pumped out of it since last August. Some miners will be fired, while the rest hope to be employed at the yet unflooded mines. According to the comments in social networks, mines with large coal deposits have been…
The price of one ounce of gold decreased by 39.202 manats or by 1.9% last week, to 2,094.1144 manats. The price of one ounce of silver decreased by 0.8642 manats or by 3.2%, to 26.5424 manats. The price of one ounce of platinum decreased by 40.2475 manats or by 2.84%, to 1,393.2503 manats. And the…
Kola Iron and Steel Company is finishing the testing of the machinery in the zinc-cleaning site of the nickel electrolysis shop. This is one of the components of a new investment project to implement a new electrowinning technique. Instead of traditional anodes insoluble anodes will be used in electrolysis baths. To switch to the new…
Rosgeologia will carry out prospecting works within the Petenikanskaya field. The site is in the Magadan region. The total size of the site to be inspected is 470 square km. The project has to be carried out by the end of 2020. (Ukrainian metal)
The United Metallurgical Company has choseOMKn Danieli as the supplier of the main machinery to produce seamless pipes at Vyksa Iron and Steel Works. The works will be able to produce seamless casing, compressor-pump and oil and gas pipes. Commissioning of the machinery is scheduled for 2021. The design capacity will be 500 thousand tons…
In January-June Cherepovets Iron and Steel Works produced 2251 million kW-h of electricity, up by 1% YoY. “The increase allowed driving the consumption of our own electricity to 77.2% of the total amount, which is one of the best results in the industry”, Severstal Russian Steel CEO Vadim Germanov said. (Ukrainian metal)