The prices for the main precious metals increased in Azerbaijan, according to the data published by the Central Bank. The cost of gold increased by 7.0295 manats, to 2260.337 manats per troy ounce in Azerbaijan compared to the price on March 30. The cost of silver increased by 0.1057 manats, to 27.931 manats per ounce.…Details
Bakhmut Non-Ferrous Metals Processing Works has put into operation a new line of continuous extrusion and vertical casting. The company invested $2 million in the project. The new machinery will increase rolled copper output. The Bakhmut Works is one of the largest companies in Europe. It can produce over 1 thousand types and sizes of…Details
In January-February Armenia decreased metal output by 10.8% YoY. According to the National Statistics Service, ferromolybdenum output dropped by 38.6%, to 713 tons, with 368 tons produced in February, up by 6.7% MoM. Molybdenum concentrate manufacture decreased by 0.7%, to 1791 tons (834 tons in February, down by 12.9% MoM). Converter copper output grew by…Details
Dalnevostochnoye PGO, a part of the state geological holding Rosgeologia, in the new season will start prospecting works at three promising gold sites in Khabarovsk Territory. By the end of the year the prospectors will have to complete the research at the Poniysky site. The prospecting for the gold-quartz and gold-copper-porphyry ores on the site…Details
Uralelectromed has completed the construction of the transport machine repair shop. “The shop has all the necessary machinery allowing to carry out repairs of any complexity. We can repair a dozen machines at the same time”, the shop director Sergey Popov noted. The new shop was created on the basis of the reconstructed premises of…Details
In February in order to secure economic safety and stable position on the market Zagorsky Pipe Works purchased strip carriers. The number of wagons and the sum of investments are not disclosed. The wagons can provide for the transportation of over 50 thousand tons of rolled sheet per month. This corresponds to the maximum need…Details
Last year the volume of the Ukrainian metal market increased by 5-6%. This year Metinvest expects the increase of consumption by 8%. “We hope that the infrastructure construction and the metal processing industry will help in that”, Metinvest sales director Dmitry Nikolayenko said. The company has a developed sales network, selling historically high volumes of…Details
Metinvest decided to shut down Donetskkoks on the temporarily uncontrolled territory of Ukraine because of the inability to secure its profitable operation. The decision to liquidate the company was taken on March 29. All the shareholders voted in favor. After all the creditors’ claims have been satisfied, the company might have some assets valued at…Details
On March 31 the operation of ArcelorMittal Temirtau was completely stopped because of the industrial accident. According to local media, the air duct and the nitrogen pipeline were damaged and fell to the ground at the length of 1 km. There were no casualties. All the rolling shops, sintering machines Nos. 6 and 7, blast…Details
Donetsk Railroad, the regional subsidiary of Ukrzaliznytsia, has ordered Druzhkovka Metal Wares Works the delivery of metal wares valued at 8.83 million UAH. Following 4 auctions the company has ordered 149 tons of bolts at 7.24 million UAH and 24 tons of washers at 1.59 million UAH. The goods have to be delivered within 5…Details
Metinvest has supplied 8.7 thousand tons of plate steel for the construction of the Willem van Rubroeck dredger, the most powerful dredger in the world. According to the group statement, the combined power of the vessel engines is almost 41 thousand kW. The ship is being constructed at the Uljanik shipyard in Croatia for Jan…Details
Last year the project to develop the Kudryaviy Volcano was created. A special machine was made to obtain rhenium and other rare earth metals concentrate. It was assembled at the Crater base on the island of Iturup. The cost of the works carried out last year exceeded 30 million rubles. This year the test of…Details
The investment company Arlan intends to start producing gold at the Rodionovskoye deposits in 2020. According to the company statement, in the first year of operation it is planned to mine 1 ton of gold. In 2021 output is expected to increase to 3 tons of gold, and in 2022 – to 5 tons per…Details
In 2019 Chelyabinsk Zinc Works intends to increase zinc output to 200 thousand tons per year. This year the output will total 188 thousand tons. In 2017 the company produced 183 thousand tons of zinc and zinc-based alloys, up by 4.7% YoY. At the same time Chelyabinsk Zinc Works intends to modernize its manufacture. In…Details
Russia’s Chukotka Autonomous District has submitted a request to the Far Eastern Development Ministry to establish a territory of accelerated development Baimskaya to raise about 336 billion rubles in three gold projects, according to a statement released on April 2. The projects Kekura, Klyon and Peschanka can attract almost 120 billion rubles in three years,…Details
The Sumgayit Technologies Park (STP) delivered the first cargo of galvanized steel products to Germany for construction of a new plant of the German auto giant BMW in Cologne, the STP reported. “A contract for supply of the first cargo of metal products to Germany was signed with the contractor company, DMT Foundry GmbH, and…Details
As a result of prospecting and evaluation works new ore objects were discovered in Kazakhstan. Chairman of the Committee of Geology and Subsoil Use of the Ministry for Investment and Development Akbatyr Nadyrbaev and Chairman of the Board of Kazgeology JSC Galym Nurzhanov told about the work carried out in 2017 on geological study of…Details
In 2017 the Moscow region-based Electrostal decreased net profit by 8% YoY, to 145.4 million rubles. In the past five years the company has always been demonstrating profit – 158 million rubles, 129 million rubles, 16 million rubles and 370 million rubles in 2016, 2015, 2014 and 2013 respectively. In Q4 2017 the net profit…Details
In 2017 the Magnezit Combine received 140.025 million rubles of net profit, up 3.7-fold YoY.
In 2016 the net profit totaled 38 million rubles.
Last year the revenue of the company grew by 10% YoY, to 6.9 billion rubles.
Sales profits rose 1.6-fold, to 765 million rubles. (Ukrainian metal)
The reserves of the Dobrovolnoye uranium deposits developed by Dalur are estimated at 7067 tons. Its gradual commission will allow the company to increase output by 2025 to 600 tons per year. Payments to budget will total 25 billion rubles, and some 350 jobs will be created for the locals. The average salary at the…Details
In February Russia produced 3.885 million tons of blast furnace pig iron, down by 2.1% YoY (4.3 million tons in January). In 2 months Russia produced 8.185 million tons of pig iron, down by 2.2% YoY. Ukraine February pig iron output increased by 3.8% YoY, to 1.625 million tons (1.8 million tons), but dropped by…Details
Russian metals giant Norilsk Nickel plans to spend over 1 billion rubles on geological exploration in 2018, Vice President Yelena Bezdenezhnykh said.
“This year investments are 13% higher than in 2017 in terms of geological exploration volumes,” she said. “This is over 1 billion rubles.” (Prime/Ukrainian metal)
According to the market sources, manufactures of metal wares intend to increase prices in April. One of the major suppliers in addition to a 5% price increase in March has already announced the further growth: in April fasteners will become 10% more expensive, resulting in the price increase for bolts by 5-7%. Experts believe that…Details
The coal mined at the Ukraine-uncontrolled territories of Donetsk region is supplied to Russia, as well as to some enterprises, still operating in the region, “Yenakievo Iron and Steel Works is slightly operating, as well as Makeevka Works, and some mines, for example Komsomolets Donbassa, and mines named after Skochinsky and Zasyadko. Some by-product coke…Details
Mariupol Ilyich Iron and Steel Works has received new machinery for the construction of the continuous casting machine. According to the company statement, the new machine will produce premium slabs. The cost of the equipment is $150 million. The Primetals Technologies machine will ensure the environmental safety of the operation. The project to reconstruct the…Details
In 2017 Zaporozhogneupor, the largest manufacturer of refractories in Ukraine, increased profits by 71% YoY, to 63.9 million UAH. The company assets cost as of late 2017 totaled 99.484 million UAH. Its current liabilities stood at 681.076 million UAH, while consolidated accounts receivable at 355.777 million UAH. In 2016 the company net profit was 37.348…Details