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Precious metal prices varied in Azerbaijan on November 28, according to the data published by the Central Bank. The price of gold decreased by 12.3165 manats, to 2,065.0325 manats per ounce on November 28 compared to the price on November 27. The price of silver dropped by 0.1479 manats, to 24.0635 manats per ounce. The…
DetailsThe gold-extracting company the Krivbass Team LCC has finished the washing season of 2018 with 602 kg of gold. The main company accounted for the most gold – 558 kg. The rest (44 kg) was extracted by the daughter company – The team named after Berzin LLC. The company is developing alluvial gold sites in…
DetailsDespite difficulties following the accident at pipelines, the ArcelorMittal Temirtau blast furnace shop employees were able to timely finish the scheduled repair of the blast furnace No. 3. The previous repair was carried out in November 2017. Following the present repair the pig iron output will reach 5.6-6 thousand tons per day. On November 21…
DetailsAlexander Sivakov has been appointed the executive director of the Volgograd Iron and Steel Works Krasniy Octyabr. Previously he has been a deputy governor of the Volgograd region and the chairman of the economic policy and development commission. In early November the arbitrary court of the Volgograd region declared the plant bankrupt. Krasniy Octyabr is…
DetailsThe Russian government has allocated up to 10 billion rubles for the Federal Agency for State Reserves to buy up to 50,000 tons of aluminum for the state reserve, according to a ruling published on November 28 on the government’s website for disclosure of legal information. The U.S. imposed 25% import duties on steel and…
DetailsNLMK intends to increase 1.5-fold the output of its own electricity having constructed a heat electric generation plant at its Lipetsk site operating on the secondary fuel gas (wastes of metal manufacture). The cost of the project is 35 billion rubles. The plant will use the gas that is created when smelting pig iron in…
DetailsThe raw materials acceptance and processing shop of Uralelectromed has started assembling a Velmash stationary crane manipulator. The machine will be used to deliver copper scrap to the press. The cost of the machine is some 2.2 million rubles. The crane manipulator will replace an outdated hydraulic manipulator. The machine has the lifting capacity of…
DetailsSeverstal-Metiz is participating in the First International Transport Infrastructure Forum in St. Petersburg. The participants are sharing their experience in road design and construction. Severstal-Metiz presented its own developments. Almost all of the major infrastructure projects in Moscow region have been created using the company products. “Infrastructure construction is one of the main industries for…
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