The Department of Subsoil Use has prolonged 2 Vysochaishiy licenses to prospect at Bodaibinsky district of Irkutsk region. Thus, prospecting at the Patomskiy and Zapadniy Dokukan sites will be extended until October 15, 2021. The company bought the licenses in October 2014, and they expired on October 15. The forecast reserves of the Patomskiy site…Details
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In January-September Kurilgeo LLC, extracting precious metals on the Urup isle, increased gold output by 12% YoY, to 856 kg, and silver – by 40%, to 3.3 tons. The increase is due to the mining of ore with high metal content. This year Kurilgeo intends to extract 1065.7 kg of gold and 3267.7 kg of…Details
Dneprovsky Iron and Steel Combine has blown its blast furnace No. 12. At present the company operates with all of its blast furnaces – Nos. 1M, 9 and 12. In September BF-12 was shut down because of the drastic decrease in metal price and demand. During this delay the company performed the repair of the…Details
Last week the price of one ounce of gold increased by 40.40 manats ($23.7) or by 1.6%, to 2,551 manats ($1,501). The price of one ounce of silver grew by 1.28 manats ($0.75 cent) or by 4.3%, to 30.24 manats ($17.7). The price of one ounce of platinum went up by 20.85 manats ($12.2) or…Details
Baltkat, a resident of the special economic zone in Ozersk, will be producing oxygen-free copper wire rod. Investments in the project totaled 90.8 million rubles. Annual output is estimated at 5 thousand tons. In 2018 the company was the first in Russia to receive a Fund of Industry Development loan of 56 million rubles. The…Details
In 2019 Cherepovets Iron and Steel Works has commissioned 5 electric overhead traveling cranes of its own make. Investments in the crane program this year have exceeded 1 billion rubles. A pit crane has been commissioned in the foundry billet shop. Its lifting capacity is 115 tons. It is used to transport hot slabs to…Details
Evraz Metal Inprom has supplied over 1800 tons of beams for the construction of the Angara space rocket-launching complex in Amur region. The low-alloyed flanged beams with the section of 200 to 700 mm manufactured at Evraz NTMK are used to produce metal structures, as well as main and auxiliary buildings. Shipping started in August,…Details
The authorities of the Khabarovsk region are trying to maintain the normal operation of Amurstal. “The situation around the company has been created artificially. There are no economical reasons for it. Other sectors of the economy are also dependent on Amurstal. We understand what is going on and are actively working to make the company…Details
In 2019 Kosaya Gora Iron and Steel Works increased FMn78 ferromanganese sales by 21 thousand tons or by 32% YoY, to 87 thousand tons. Foundry products output reached 3 thousand tons, up by 30%. KMZ is the leading manufacturer of premium pig iron grades in Russia. Their share in the 2019 sales totaled 66%, with…Details
Ukraine has retained the zero quotas for the export of raw silver and gold (except for bank metals) and precious metals scrap. Moreover, the licensing of the anthracite exports has been prolonged. The corresponding decision was taken by the Cabinet of Ministers on December 24. (Ukrainian metal)Details
Volnogorsk Mining and Metallurgical Works has concluded an agreement with Energy Trade Group LLC on the delivery of electricity valued at 300 million UAH. In the first half of 2020 the company will have to supply 144 million kW-h at 2.08 UAH per kW-h. For December Volnogorsk Works ordered a 6% more expensive electricity –…Details
In January-November Interpipe decreased steel output by 10.6% YoY, to 797.4 thousand tons. Pipes output dropped by 11.3%, to 554.9 thousand tons. At the same railroad products manufacture increased by 10.7%, to 188 thousand tons. Sales of steel round billets grew by 25.3%, to 23 thousand tons, and railroad products – by 7.3%, to 183.8…Details
In January-November Ukrainian by-product coke plants decreased the 6% moisture metallurgical coke output by 5% YoY, to 8.545 million tons. In November the output decreased by 11% MoM, to 745 thousand tons. In December a slight increase is expected. In particular, in November Avdiivka Coke and Chemical Works produced 187 thousand tons of coke, Azovstal…Details