Kyshtym Electrolytic Copper Plant, a part of the Russian Copper Company, will soon start producing copper electrolytic foil. The company will have a new shop with capacity of 1.2 thousand tons per year. Investments will exceed 3 billion rubles. Global market of electrolytic foil is expected to have reached $16 billion by the end of…
In late December 2019 metal companies were provided with scrap at the level of 105.2%. The necessary amount was 206 thousand tons, but the companies received 216.8 thousand tons. The largest receivers of scrap in December 2019 were Azovstal, Interpipe Steel and DMK – 53.3 thousand tons, 50.7 thousand tons and 48.6 thousand tons respectively.…
17 cars with pellets derailed because of the collision with a locomotive in Kriviy Rih. The accident happened not far from the Artem-1 mine of ArcelorMittal Kriviy Rih. According to the preliminary information, none was injured. (Ukrainian metal)
In 2019 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, decreased pellets output by 0.8% YoY, to 10.519 million tons. At the same time manufacture of high-quality pellets with iron content of 65% of the company own ore grew by 3%, to 10.116 million tons. Sales last year totaled 10.3 million tons (10.227 million…
Average retail prices of coal as of January 9, compared with December 2019, decreased by 25.14 soms per ton, the National Statistical Committee of Kyrgyzstan reported. As of January 9, the maximum average consumer prices for coal were registered in Nookat (7,532.55 soms per ton) and Batken (7,318.61 soms per ton). Prices have not changed…
Last week the price of one ounce of gold increased by over 84.9 manats ($49.9) or by 3.2%. Accordingly, the average price of one ounce of gold stood at 2,659 manats ($1,564). The price of one ounce of silver grew by 0.3843 manats ($0.22) or by 1.3%, to 30.8 manats ($18.1). The price of one…
Last year 2 mines of Raspadskaya Coal Company extracted 3 million tons of coal each. The record 3 million tons at the Uskovskaya mine were extracted from two long faces – 50-20 and 50-22. Moreover, in 2019 the mine was able to extract 1 million tons of coal in 3.5 months. Another record was the…
Izhorsky Pipe-Rolling Works has successfully passed the inspection audit and has received the Intergazcert certificate of correspondence. The certificate covers seamless pipes for gas pipelines, gas-extracting systems and gas deposit machinery. The Intergazcert system has been created by Gazprom. (Ukrainian metal)