The price of one ounce of gold decreased by 23.6045 manats or by 1.1029% last week, to 2,128.0005 manats. Last week the price of one ounce of silver decreased by 0.3164 manats or by 1.1545%, to 27.18488 manats. The price of one ounce of platinum decreased by 24.667 manats or by 1.698%, to 1,434.2951 manats.…
ArcelorMittal Kriviy Rih reports that Sumykhimprom and the state enterprise Vostochniy GOK refuse to supply sulfuric acid without any explanation. “We now face the absence of sulfuric acid on the domestic market. Why do we bring it from Belarus? Because we have no choice, as we cannot buy the sulfuric acid in Ukraine”, the company…
On July 12 the Uzbek-Swiss joint venture Metal Processing commissioned a plant in the city of Tashkent. The works will produce parts for the textile machinery, as well as spare parts used in the transportation sphere. Investments totaled $4 million. The company will be able to process 760 tons of metal per year. 60 jobs…
In January-June the enterprises of the Siberian Coal Power Company (SUEK) mined 55.6 million tons of coal, up by 4% YoY. Sales grew by 12%, to 59.9 million tons. Exports increased by 6%, to 28.6 million tons. On the domestic market the sales increased by 18%, to 31.3 million tons. In particular, power-generating enterprises received…
Ametistovoye Mining and Processing Works was put into operation in September 2015. In three years a lot has been done to develop the works. As the result, now the GOK is the largest gold-extracting enterprise in Kamchatka. Its capacity is 600 thousand tons of ore per year. Recently the enterprise has produced the 10th ton…
MMK has finished the reconstruction of the blast furnace No. 1, commissioned in 1932. The cost of the project, carried out in less than 6 months, totaled 5.4 billion rubles, including 2.35 billion rubles worth of machinery and the rest being construction and repair works. The reconstruction of the BF1 and the construction of the…
The Verkhovna Rada has adopted a law introducing amendments to the law on Ukraine’s state budget for 2018 regarding the proper financing of the state sector of the coal industry. A total of 261 MPs voted for the for adoption of draft law No. 8362 at the first reading and as a whole, with technical…
In April-June steel output grew by 1%, to 4.38 million tons driven by high capacity utilization at the NLMK Russia Long Products Division. The 6% YoY growth was associated with the increase in demand for group products on its key markets. Group sales increased by 6% QoQ, to 4.38 million tons due to the growth…