Azovstal has shut down its converter No. 2 for an 8-hour repair to service gas-purifying equipment. A month ago the converter was also shut down to repair technological equipment, sensors, etc. Within the following 4 years Azovstal intends to invest over $300 million into environment-protection projects. (Ukrainian metal)
The First Vice Prime Minister held a meeting with the management of GL Makmal Developing the day before. According to the government’s press service, the parties discussed the events that took place on April 11 in Kazarman village, Toguz-Toro district of Jalal-Abad region, where the territory of the gold processing plant was set on fire.…
The members of the EEC Board have decided to abolish the import customs duty rates of the Common Customs Tariff of the Eurasian Economic Union (EAEU CCT) on certain types of mineral raw materials containing precious metal or precious metal compounds, the Eurasian Economic Commission’s press service said. In particular, the decision will relate to…
The prices of main precious metals increased in Azerbaijan on May 23, according to the data published by the Central Bank. The cost of gold increased by 5.5165 manats, to 2197.08 manats per ounce compared to the price on May 22. The cost of silver increased by 0.1632 manats, to 28.1479 manats per ounce. The…
Ukrzaliznytsia has imposed temporary limitations on the foreign transportation to ArcelorMittal Kriviy Rih. The prohibition will be in effect until it is cancelled, and covers transportation of all cargo from railroads of CIS and Baltic States. Earlier AMKR experienced a railroad shop strike. Ukrzaliznytsia agreed with metal companies to coordinate actions on cargo transportation. (Ukrainian…
The Commercial Court of Donetsk region is reviewing the claim of Prominvestbank to Yasinovsky By-Product Coke Plant on the recovery of $41.6 million and 353.4 million UAH of the debt on the loan according to a contract concluded in 2011. The bank bases its claims on a non-fulfillment of its debt obligations by the Savi…
In January-April Russia increased raw and semi-raw gold, or in powder form output by 2% YoY. According to Rosstat, in April gold output grew by 14.1% YoY. At the same time, gold manufacture dropped by 8.3% MoM. (Ukrainian metal)
Primorsky Mining and Processing Works will prepare a new project to develop tungsten ore deposit Skrytoye in Primorye region. This the company is forced to do as the budget has found no funds to reconstruct a road, without which the previous project cannot be carried out. According to the company deputy CEO on foreign economic…