Yuzhniy Mining and Processing Works has stopped sinter manufacture having shut down the blast furnace shop at Dneprovsky Iron and Steel Works following repair from late October 2019 till May 2020 and the switch to using iron ore concentrate. The decision to shut down sinter manufacture was taken in September 2020. In February, the company…Details
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An ounce of gold in Azerbaijan decreased in price by 20.72 manats (0.7%) last week. The average price of one ounce of gold amounted to 3,142.56 manats, down by 0.09% compared to the previous week. The price of an ounce of silver increased by 0.9117 manats (2.1%). The average price of one ounce of silver…Details
This year, Magadan region intends to increased gold output by 1.8% YoY, to 50 tons. Last year, the main volume of gold accounted for ore gold (30.36 tons). At present the target for the region is 48 tons, but the increase is envisaged, in particular, with the growth of output at the Shturmovskiy mine of…Details
In 2020, due to the energy saving measures, Azovstal was able to save 1.3 million cubic meters of gas, 78 thousand tons of coke and 101.5 million kW-h of electricity. The combined effect reached $15.2 million. In particular, the company increased the usage of pulverized coal in blast furnace manufacture. The company also continued implementing…Details
In January-November 2020, Ukraine exported 445.3 thousand tons of iron ore to Turkey, down by 4.65% YoY. According to TUIK, in November 2020 no ore was exported to Turkey, while in November 2019 exports reached 45 thousand tons. Ukrainian ore accounted for less than 10% in Turkish purchases. (Ukrainian metal)Details
In 2020, the Irokinda Mine, a part of Nordgold, increased gold output by 3% YoY, to 39.6 thousand ounces. The volume of gold-containing ore mining remained unchanged at 304 thousand tons. Gold output increase was due to the growth of ore processing by 1%, to 319 thousand tons, as well as gold content by 4%,…Details
Energomashspetsstal has produced a unique supporting roll with the weight of 207 tons. The length of the roll is almost 11 meters, while the drum diameter is 2.25 meters and its length – 4.9 meters. The roll was produced of an ingot with the weight of 415 tons. EMSS is producing another such roll. Delivery…Details
A major metal and ore trader Optimal Trade LLC has filed a request to buy Dneprovsky Iron and Steel Combine. In September 2020, Donetskstal Iron and Steel Works shareholders transferred their rights to recover debts of 8.18 billion UAH from DMK to Optimal Trade. On October 16, 2020 the Commercial Court of Dniepropetrovsk region started…Details
In January-November 2020, gold output in Russia decreased by 7% YoY, to 314.41 tons. Silver production dropped from 903.7 tons to 873.9 tons. According to the Ministry of Finances, Russia ranks second after China in gold output. (Ukrainian metal)Details
The gold production of companies located in Khabarovsk region fell by 3.5% YoY, to 24.5 tons in 2020, the region’s government said in a statement. The companies are implementing investment projects for development of new gold ore fields and creation of new mining facilities to ensure sustainable development and to maintain production in the region.…Details
ArcelorMittal Kryvyi Rih received and commissioned the first of four EffiShunter 1600 shunting locomotives manufactured by the Czech company CZ Loko. The first machine arrived in Kryvyi Rih in December 2020 and Czech specialists trained the company’s personnel online. Under the contract signed in the summer of 2019, all four EffiShunter 1600 locomotives will be…Details
In December 2020, Ukraine increased steel output by 22.1% YoY, to 1.91 million tons, going up from the 13th to the 12th position in the Worldsteel rating. In 2020, Ukraine occupied the 11th place. In December 2020, 64 countries produced 160.86 million tons of steel, up by 5.8%. In 2020, Ukraine produced 20.62 million tons,…Details