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In 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…
DetailsThe current product range, manufactured by Techmash, a part of Korolovesky Pipe Works, – section pipes with the size of 40×20 to 60×60 mm – will be joined by new products manufactured by Isayevsky Pipe Works. The company will start producing section pipes with the size of 20×20 to 120×120 mm on December 20. The…
DetailsMechel has signed an agreement on cooperation with one of the largest Japanese trading companies – Itochu Corporation. According to the document, in December 2018 – March 2020 Mechel will supply 800 thousand tons of coking and power-generating coal to Itochu. The coal will be shipped from the Yuzhniy Kuzbass and Elgaugol enterprises. “Our long-term…
DetailsIn January-November Ukraine exported 13.65 million tons of ferrous metal via seaports, up by 9% YoY. In particular, pig iron exports grew by 36.6%, to 2.717 million tons, and scrap – by 2.2%, to 78.56 thousand tons, while rolled metal exports dropped by 0.9%, to 8.024 million tons. In 11 months ore exports decreased by…
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