In January-February Uzbekistan exported $3 billion worth of products, up by 20.4% YoY. $1.2 billion accounted for gold. During the whole 2018 Uzbekistan exported $2.9 billion worth of gold. (Ukrainian metal)
Rudnik Taborniy, a Nordgold enterprise, intends to invest over 2 billion rubles in the development of its licensed site in the Republic of Sakha (Yakutia). In particular, 320 million rubles will be spent on prospecting works at the Tabornoye deposit. Repair of machinery will cost 200 million rubles, and the purchase of 5 quarry dump…
Kyshtym Electrolytic Copper Plant has received a first batch of machinery for the copper foil electrolysis shop currently under construction. In particular, the company has received 4 heat exchangers. They will be used at the first stage of copper foil manufacture. The next delivery is expected in Q2. The company will receive 2 electric cells…
Greenleas International Holdings, Abiglaze Limited, Crosland Global Limited and Toshi Holdings have announced their decision to sell some 1.8% of Evraz shares. The number of shares that the companies intend to sell amounts to 25.4 million. Roman Abramovich indirectly owns shares in Evraz through Greenleas International Holdings, Alexander Abramov – through Abiglaze Limited, Alexander Frolov…
The precious metals prices increased in Azerbaijan on March 19. The price of gold grew by 13.3195 manats, to 2,223.1325 manats per ounce compared to the price on March 18. The price of silver went up by 0.1779 manats, to 26.1769 manats per ounce. The price of platinum increased by 17.221 manats, to 1,425.875 manats,…
Mikhailovsky Mining and Processing Works has put into operation a new locomotive. The machine was purchased under the Metalloinvest program to renew fleet. The new locomotive will be operating at the Pogruzochnaya station and will transport pellets and concentrate to the Kurbakinskaya station. The locomotive can transport 25 cars on average and together with another…
In 2019 ArcelorMittal Temirtau intends to increase steel output by 18.4% YoY, to 4.5 million tons. By Q2 the company plans to have returned to the previous year capacity. The third converter has already been put into operation. Now the company is producing 9.5 thousand tons of steel per day. On November 10, 2018 an…
Under the project to construct the Miory Metal-Rolling Works, MetProm has started assembling a rolling-temper mill. The assembly is scheduled to be completed in late May. The construction will be carried out in 2 stages. The first stage will have the capacity of 150 thousand tons of metal products per year. And the second will…