Russia: ferrous scrap exports up in May 2018
In May, according to customs statistics, Russia exported 619.4 thousand tons of ferrous scrap, up by 57.2% YoY. In January-May scrap exports reached 2.3 million tons, up by 43.2% YoY. (Ukrainian metal)
Russia: Rosgeologia to look for gold in Magadan region
Rosgeologia will prospect for ore gold within the Deryas-Yuryaginskaya field. The field is situated in Magadan region. The total size of the prospecting work is 69 square km. The project is to be finished by 2021. (Ukrainian metal)
Russia: Gaysky GOK commissions floatation machine
Gaysky Mining and Processing Works has put into operation the floatation machine No. 17 in the floatation department of the processing factory. The work to assemble the machine began earlier this year. The modernization of the floatation department started in 2011. (Ukrainian metal)
Russia: Severstal Steel Ropes finishes another stage of modernized rope manufacture
Severstal Steel Ropes Volgogradskiy subsidiary has finished another stage of modernization, having commissioned the steel rope and stranding machine, as well as machinery to test ropes. The first stage saw the assembly of the three drawing machines, extrusion line and the machine to produce large diameter steel ropes. (Ukrainian metal)
Ukraine: Ferrexpo GOKs pay 550 million UAH to the budget in Q1 2018
In January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 550 million UAH of taxes to budgets of all levels. In particular, PGOK paid 464 million UAH to the budget, EGOK – over 84.2 million UAH and BGOK – 2.3 million UAH. PGOK paid 52 million UAH to the city budget, 58…
Russia: China to build rolling plant in Primorye region
The trading-industrial group Bi Shi (China) intends to create the manufacture of steel plate for shipbuilding industry with the capacity of 1 million tons per year in the Primorye region. The investors also plan to construct a by-product coke plant and a power plant. Investments will total $1-1.5 billion. The construction will last for 5…
Azerbaijan: precious metals prices down on July 11, 2018
The prices of the main precious metals in Azerbaijan decreased on July 11, according to the data published by the Central Bank. The cost of gold decreased by 13.4385 manats, to 2126.8955 manats per ounce, compared to the price on July 10. The cost of silver decreased by 0.3098 manats, to 20.7825 manats manats per…
Belarus: BelAZ to create robot system for open pit mining
The Belarusian heavy vehicles manufacturer BelAZ, VIST Group, and Region 24 have signed a trilateral agreement on creating a robot system for mining operations. The document was signed during the international trade fair Innoprom 2018 in Yekaterinburg, Sverdlovsk region, Russia, BelAZ representatives reported. BelAZ specialists are hard at work creating new mining vehicles to meet…