Last week, the price of one ounce of gold increased by over 17.6 manats ($10.3) or by 0.7%. Accordingly, the average price of one ounce of gold stood at 2,485 manats ($1,462). The price of one ounce of silver grew by 0.1275 manats ($0.075) or by 0.44%, to 28.7 manats ($16.9). The price of one…
In July-September Volgograd Aluminum Works produced 17.7 thousand tons of aluminum, up by 2.9% QoQ. In 9 months output totaled 52.1 thousand tons, up by 11.6%. The manufacture of anode blocks grew by 8.7%, to 26.2 thousand tons in Q3, and by 171%, to 78.6 thousand tons in 9 months. (Ukrainian metal)
The interregional department of the Russian Environment Control Service in Nizhniy Novgorod region and the Republic of Mordovia has filed a suit against Vyksa Iron and Steel Works. The service demands the payment of 7.5 million rubles. According to the company, the details the suit are still unknown to it. (Ukrainian metal)
In January-October Priisk Solovievskiy LLC extracted 2960.4 kg of gold, up from 2939 kg last year. In particular, the company extracted 1827.6 kg of gold from the alluvial sites in Amur region, down by 0.7%. Ore gold accounted for 826.4 kg, down by 2.4%. In Zabaikalye region, the company Zabaikalsky quarry operates, having mined 306.3…
In January-September VSMPO-Avisma received 64,983 million rubles of revenue, up by 8% YoY. Net profit grew by 18%, to 16,863 million rubles. The currency exchange rate influenced the increase of the net profit the most, since the rate had decreased by 7%. (Ukrainian metal)
In January-October Zabaikalye Railroad transported 172 thousand tons of containers, up by 33.7% YoY. In particular, domestic transportation accounted for 47.2 thousand TEU (+14.4%), transit – 43.5 thousand TEU (+46.7%), export – 2.9 thousand containers (-23.9%) and import – 78.3 thousand TEU (+45.4%). The railroad transported 22.9 thousand TEU of metal wares (+44.1%), 8.8 thousand…
In January-October Chukotka extracted over 20 tons of gold. Two new gold-bearing deposits – Klen and Kekura – will soon be commissioned. Chukotka Mining and Geological Company was the leader among 5 gold-extracting companies of the region. This year the Kupol deposit yielded over 9 tons of gold, up by a ton YoY. 80 tons…
Magnitogorsk Iron and Steel Works (MMK) expects its steel product output growth at 2-3% in 2020, Director for Economy Andrei Yeryomin announced during an investor day. He said that production could decrease in January–June 2020 due to seasonal factors and repairs on the hot rolling mill. Yeryomin also said that MMK could improve the outlook…