The prices of precious metals varied in Azerbaijan on February 11. The price of gold increased by 2.822 manats, to 2,228.7935 manats per ounce compared to the price on February 8. The price of silver grew by 0.1371 manats, to 26.7958 manats per ounce. The price of platinum dropped by 4.369 manats, to 1,349.2560 manats.…Details
Zagorsky Pipe Works has successfully shipped the last batch of pipe piles to Bangladesh for the construction of the Ruppur NPP.
Since November 2018 the company has supplied over 10 thousand tons of pipe piles with the diameter of 630 to 1420 mm.
The pipe piles were shipped in containers. (Ukrainian metal)
In 2018 Stoylensky Mining and Processing Works increased concentrate output by 8% YoY, to 17.4 million tons, having become the second largest producer in Russia.
Sinter ore manufacture totaled 1.5 million tons.
Pellets output was 6.7 million tons, up by 12%. (Ukrainian metal)
In January Chukotka Autonomous District extracted 1665 kg of gold and 8.7 tons of silver, down by 5% and by 19% YoY. At present only ore gold is being mined. 5 companies are involved in the process. Alluvial gold sites development will start in May. 7 companies will operate there. In 2018 Chukotka obtained 24,130…Details
In 2018 Severstal-Metiz mastered the manufacture of over 150 new types of products. In particular, the company has started producing new types and sizes of steel sections, fasteners and bars, as well as ropes and wires. “Severstal-Metiz is constantly trying to create new products and is actively developing import-replacing programs”, the company CEO Sergey Kovryakov…Details
Ukraine: AMKR informs public about the intention to obtain permits for emissions from Metallurgical Production and Mining Department
ArcelorMittal Kriviy Rih held public hearings on the intention to obtain air emissions permit from stationary sources of the industrial site No. 1 of Metallurgical Production and Underground Mining Department. The hearings were held with the participation of public environmental NGOs, deputies of the City Council, the residents of the city, as well as experts…Details
The net profit of Russian gold producer Polyus plummeted by about 60% YoY, to 29.266 billion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on February 11. Revenue rose by 16.4% YoY, to 184.692 billion rubles in 2018. Gross profit gained 17%, to 117.347 billion rubles,…Details
The premises and movables of the insolvent KVV Liepajas metalurgs were sold on February 8 at an auction for 255.8 thousand euros. The initial price was 209.3 thousand euros. In March 2018 Smart Stahl GmbH (Austria) purchased the movables of the rolling shop. FeLM received the electric arc furnace. KVV Liepajas metalurgs was declared insolvent…Details
Kazakhstan will remain the world’s leader in uranium mining despite the complicated situation on the global market, said Minister of Energy of Kazakhstan Kanat Bozumbayev. “Now there is an oversupply of uranium and this trend continues,” he told the extended board meeting of the Ministry of Energy. According to the ministry’s press service, in 2018,…Details
This year Dneprovsky Iron and Steel Combine intends to master the manufacture of 6 new types of products, in particular, the wire rods for steel ropes and welding wire, 6 sizes of rebars, and SG2 continuous cast billet. Last year the company mastered the manufacture of 7 new types of rolled metal to increase its…Details
In January Druza LLC extracted 68.3 kg of gold, down by 2.4% YoY.
At present the company is developing the Nevskoye gold ore deposit in Irkutsk region.
The development of alluvial sites will start in May and last through October.
In 2018 Druza LLC yielded 944.4 kg of ore gold. (Ukrainian metal)
Karelsky Okatysh, a subsidiary of the Russian steelmaker Severstal, plans to raise investment in production by 50% YoY, or by 2.8 billion rubles, to 8.4 billion rubles in 2019, the company said. Karelsky Okatysh plans to spend the money on construction of a conveyor facility in the central open-pit mine that should make transportation of…Details
In 2018 Russia imported 7.137 million tons of ferrous metals, up by 4.9% YoY. In December 2018 imports grew by 3.9% MoM, to 0.487 million tons. According to the Federal Customs Service, the import of ferrous metals not counting pig iron, ferroalloys, waste and scrap, was 5.666 million tons, down by 0.4%. In December 2018…Details
The state enterprise Vostochniy Mining and Processing Works has concluded an agreement with Energy Trade Group LLC on the delivery of natural gas valued at 143.83 million UAH. This year the company will supply 13.15 million cubic meters of gas valued at 10,938 UAH per 1 thousand cubic meters. The price of the agreement is…Details
In January Energomashspetsstal sold 170 tons of products to 5 local companies.
In particular, EMSS supplied to Azovstal, Mariupol Ilyich Iron and Steel Works, Kramatorsk Heavy Machine-Tool Works, Zaporozhkran and Magma LLC.
Ukrainian customers ordered rolls, gondola frames, rods, gears, wheels, etc. (Ukrainian metal)
In 2018 Magadan region mined 401.7 thousand tons of coal, up by 21.4% YoY. The increase is due to the growth of supplies to the Republic of Sakha (Yakutia). 3 enterprises are mining for coal in the region: Kolyma Coal Company LLC, Association of Business Cooperation LLC and North-Eastern Coal Company LLC. Kolyma Coal Company…Details
Olkon, a part of Severstal, intends to invest 3.2 billion rubles in development this year, up 3-fold YoY. The investment program includes 130 projects. “This year we will continue improving the quality of the concentrate, as this is our competitive advantage”, the company executive director Denis Golubichniy said. In June Olkon will out into operation…Details
In 2018 ArcelorMittal Kriviy Rih sold 4.5 million tons of metal, down by 16.7% YoY. Ready-made products (rebars, rolled wire, etc.) accounted for 65% of sales. The share of square billet dropped by 2%, to 27%, while that of pig iron grew by 2%, to 9%. 62 countries purchased AMKR metal in 2018. The Near…Details
Makeevka Metal Works has closed most of its shops, except for the rolling shop. “According to the data from open sources and images from space, the works has considerably decreased output”, the Ministry on occupied territories reported. The plant is situated on the temporarily occupied territory of Donetsk region. The ministry says, there are no…Details
In January Zaporozhkoks produced 73.1 thousand tons of blast furnace coke, having fully met its manufacturing plan. At the same time the output was down by 6.2% YoY. The decrease is due to the scheduled repair of the coke oven battery No. 2. The company accounts for 10% of all Ukrainian coke. In 2018 Zaporozhkoks…Details
In 2018 Rusal produced 3.753 million tons of aluminum, up by 1.3% YoY. At the same time, sales dropped by 7.2%, to 3.671 million tons. In Q4 2018 the output grew by 0.4% QoQ, to 0.943 million tons, while sales decreased by 16.2%, to 0.877 million tons. In 2018 the average price was $2259 per…Details
ArcelorMittal Kriviy Rih has started supplying its metal products for the reconstruction of H-31 Dnipro-Tsarychanka-Kobelyaki-Reshetylovka highway in Poltava region. This is one of the most large-scale infrastructure projects in Ukraine. Since the end of 2018, the company has already shipped about 90 tons of rebar of A500C class of 25 mm diameter and A240C class…Details
The prices of precious metals varied in Azerbaijan on February 8. The price of gold increased by 7.523 manats, to 2,225.9715 manats per ounce on February 8 compared to the price on February 7. The price of silver grew by 0.0503 manats, to 26.6587 manats per ounce. The price of platinum decreased by 14.365 manats,…Details
Magnitogorsk Iron and Steel Works (MMK) plans capital expenditures at around $850 million in 2019, the company said in a presentation on February 7. CFO Andrei Yeryomin said in a conference call that capex included $300 million to be spent on maintenance of existing capacities, and the remaining money would be spent on upgrades of…Details