Azerbaijan: AzerGold gets over $20 million from export of gold and silver

Azerbaijan’s AzerGold CJSC sold a batch of gold and silver on the world stock exchange, gaining profit worth $20.905 million (35.6 million manats). “72 gold-silver alloys extracted by AzerGold at the Chovdar mining complex processing gold-bearing ores in Azerbaijan’s Dashkesan district were sent for refining to the world-renowned Argor-Heraeus gold refinery in Switzerland,” AzerGold said…

Russia: Ormet to start mining Luchistoye ore

In the second half of the year Ormet, a part of Russian Copper Company, will start mining for chalcopyrite ores at the Luchistoye deposits in the Orenburg region. The company has already started constructing the quarry with the capacity of 55 thousand tons of ore per year. The deposits reserves are estimated at 112 thousand…

Kazakhstan: AMT invests 3 billion tenge in sinter machine No. 3 repairs

ArcelorMittal Temirtau has put into operation its sintering machine No. 6 after an overhaul.

The company spent some 3 billion tenge on repairs.

The overhaul was carried out in 75 days.

Last year AMT repaired its sintering machine No. 7. Next year sintering machine No. 5 will be repaired. (Ukrainian metal)

Russia: ZTZ partners with POSCO

Zagorsky Pipe Works and POSCO have become strategic partners. According to ZTZ press-service, the companies have signed an agreement on the delivery of rolled sheet for the manufacture of large diameter pipes. The decision to become partners has been taken after POSCO supplied 10 thousand tons of X70 steel sheets in March-April. ZTZ specialists liked…

Russia: half of pipes for Nord Stream-2 produced

Metal companies have produced a half of pipes for the Nord Stream-2 pipeline.

Now the pipes are being covered with concrete.

According to the contract Russian companies will produce 1.3 million tons of pipes, or 60% of the total volume. (Ukrainian metal)

Ukraine: Corum Group exports up in January-May 2017

In January-May Corum Group increased exports by 6% YoY. “We exported mostly drill-loading machines, transformer substations and trolleys. We shipped to Kazakhstan, Russia, Poland and Estonia”, the company said. In 2016 Corum exports increased by 34% YoY. “In 2016-2017 we supplied 4 tunneling machines to Kazakhstan, 2 drill-loading machines, 5 reloaders and scraper conveyors, 3…

Russia: Severstal and NLMK among most competitive companies of the world

According to World Steel Dynamics Inc., two Russian companies entered TOP-5 of the most competitive steel companies of the world.

37 companies participated in the research.

Severstal was placed second with 7.79 points, while NLMK, fifth last year, went up one position.

Posco heads the list with 8.31 points. (Ukrainian metal)

Russia: Energy Ministry forecasts coal exports growth in 2017

The Ministry of energy expects coal exports to grow by 6.3-9.4% YoY in 2017, to 175-180 million tons.

In 2016 Russia exported 164.6 million tons of coal, up by 8.7% YoY.

The ministry also expects coal output to reach 395 million tons this year, up by 2.4% YoY. (Ukrainian metal)

Russia: BASF and Norilsk Nickel to cooperate on raw material supply for battery materials production in Europe

BASF and PJSC MMC Norilsk Nickel (Nornickel) announced that they had signed a Memorandum of Understanding and entered exclusive negotiations to cooperate on the supply of raw materials for future battery materials production for lithium-ion batteries in Europe. BASF intends to invest up to 400 million euro in a first step to build industry-leading production…

Russia: CherMK sets new manufacturing record

Cherepovets Iron and Steel Works has set a new manufacturing record making 75 smeltings on two converters in one shift.

The new schedule on smelting has been prepared with the help of manufacture and orders planning department.

Severstal-Vtorchermet supplied enough scrap.

The previous record was set in June 2015 – 70 smeltings. (Ukrainian metal)