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DCH has extended the office of the Dneprovsky Iron and Steel Works CEO Gennady Bergman. He will be in the office until December 31, 2019. The decision was taken by the supervisory board on December 14. DCH purchased DMZ from Evraz in March. (Ukrainian metal)
DetailsRussia is suffering from the shortage of silicon metal. All the metal is purchased in China or EU. Thus, Italian Tenova and Codest decided to create a silicon cluster. The project includes the construction of a plant to produce silicon metal with the capacity of 36 thousand tons per year. Investments will reach $134.5 million.…
DetailsAccording to the Federal Service of State Statistics, rolled metal output in January-November totaled 56.3 million tons, up by 2.3% YoY. In November manufacture dropped by 0.6% MoM, but grew by 4.6% YoY. In 11 months Russia produced 47.4 million tons of pig iron, down by 0.2% (down by 2.8% MoM, but up by 1.7%…
DetailsIn 2018 Yakutia is expected to extract 26 tons of gold, up by 1.2 tons YoY. Last year the output was 24.788 tons. By 2024 the local government expects to have entered the top-3 regions in Russia in gold output. (Ukrainian metal)
DetailsIn 2018 Rosszoloto LLC extracted 677.3 kg of gold, up by 31.8% YoY. The company is developing alluvial gold deposits in Amur region. The increase in the output began in 2016. While that year the enterprise washed 313 kg of gold, in 2017 the result was 514 kg. The company founded in 2003 has 10…
DetailsNLMK Group has embarked on a large-scale reconstruction of blast furnace No. 6 (BF-6) at its Lipetsk site. The project will enable an 8% increase in BF capacity to 3.4 million tons of pig iron per year, significantly improve its environmental performance, and extend its interrepair cycle by 50%, to 25 years. Investment in the…
DetailsPrecious metal prices increased in Azerbaijan on December 18. The price of gold grew by 19.0995 manats, to 2,122.3565 manats per ounce on December 18 compared to the price on December 17. The price of silver went up by 0.2092 manats, to 24.972 manats per ounce. The price of palladium increased by 26.5795 manats, to…
DetailsThe revenue of enterprises of the Belarus Metal Company has exceeded $2 billion. The result was achieved in 11 months and 12 days of December. In January-November revenue grew by 134% YoY. Belarus Iron and Steel Works accounts for over 70% of the revenue. Among other companies Mogilev Iron and Steel Works showed the largest…
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