The price of one ounce of gold increased by 38.2925 manats or by 1.9% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,037.1134 manats. The price of one ounce of silver grew by 0.1437 manats or by 0.58%, to 24.5394 manats. The price of one ounce of platinum…Details
Prices of gold, silver and platinum increased in Azerbaijan on October 15, according to the data published by the Central Bank. The price of gold grew by 44.0205 manats, to 2,077.6295 manats per ounce on October 15 compared to the price on October 12. The price of silver went up by 0.0919 manats, to 24.8843…Details
Zaporozhye Titanium and Magnesium Works has ordered the Khimvector LLC the delivery of ilmenite valued at 20.7 million UAH. This year the company has to deliver 3 thousand tons of ilmenite concentrate according to TU U 13.2-30912734-001:2011 with the undisclosed content of TiO2 at 6900 UAH or $244 per ton to the Zaporozhye Levoye station.…Details
VSMPO-Avisma is reconstructing the sludge pipelines from the sludge tanks. The project was entered into the investment plan back in 2016. The company has created a new dam and used 12.8 thousand cubic meters of rock to make it. The sludge pipelines are 518 meters long. One line has already been tested and commissioned. The…Details
Power-generating coal output in Krasnoyarsk region in January-September grew by 26% YoY, to 780 thousand tons. Coal in the region is mined at the Sayano-Partizanskiy pit, an asset of SAFMAR. Taking into account favorable market situation, this year the pit could for the first time in its 15-year history reach the annual output of 1…Details
The Board of Directors of MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, has set the Extraordinary General Meeting of shareholders (EGM) date on September 19 and the EGM record date (the list of shareholders eligible to vote) on August 27. The Board of Directors has recommended for the EGM approval of…Details
The general meeting of Nord Gold SE, the internationally diversified gold producer, was held on September 28, at the offices of Celtic Resources Holdings Limited, Fetcham Park House, Lower Road, Fetcham, Leatherhead, Surrey, KT22 9HD. At the meeting, the resolutions set out in the notice of the meeting were proposed and passed on a poll.…Details
In January-September Interpipe Steel increased steel output by 13.7% YoY, to 738 thousand tons.
According to a company representative, in September production totaled 77 thousand tons.
Round billets output in 2017 was 850 thousand tons, up by 38% YoY. (Ukrainian metal)
A set of hi-tech measures allowed Zaporizhstal considerably decreasing the terms of ecological reconstruction of the blast furnace No. 3 – from 2 years to 8 months. According to the company capital construction and investments director Alexei Lebedev, BIM-technologies helped unite 15 thousand two-dimensional drawings, remove over 11 thousand errors at the design stage and…Details
Gold output of Magadan region increased by 14.98% YoY, to 29.722 tons in January-September, a representative of the regional government’s natural resources department reported. Ore gold output rose by 34.96%, to 14.235 tons, and alluvial gold production increased by 1.2%, to 15.488 tons. Silver output fell by 7.04%, to 538.313 tons in the period. Magadan…Details
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until December 12. The deadline for termination of contracts with GAZ Group remained on October 23. RUSAL shares and Global Depositary Receipts of En+…Details
A gas blowout occurred at the Centralnaya mine in the city of Toretsk resulting in the death of a miner. According to the commissioner of human rights in Donetsk and Lugansk regions Pavel Lisyanskiy, the accident happened late on October 11. There was a gas kick in the shaft and the cave-in of coal. One…Details
In October the state enterprise Vostochniy Mining and Processing Works will put into operation a sulfuric acid warehouse with the capacity of 5 thousand tons. This will increase the stocked volumes of the acid and the terms of uninterrupted operation of the sulfuric acid machine. In 2017 VostGOK decreased uranium concentrate output by 16.8% YoY,…Details
In September railroad deliveries of metal from NLMK totaled 1.1 million tons, up by 14.8% YoY.
In 9 months sales reached 9.6 million tons, up by 2.5% YoY.
Deliveries to Russian customers increased by 0.6%, to 3.2 million tons, while exports grew by 3.5%, to 6.4 million tons. (Ukrainian metal)
In September railroad sales of steel from Amurstal totaled 55.1 thousand tons, up 2.6-fold YoY.
In January-September sales grew 5.2-fold, to 406.5 thousand tons.
This year Russian customers received 138.2 thousand tons, while 268.3 thousand tons were exported. (Ukrainian metal)
RM-Steel, specializing in the metal structures for the construction of ships, plans to double its output next year. “For this we intend to buy another heating furnace, which will allow us increasing output from 11 thousand tons to 22 thousand tons. The cost of the new machinery is around 90 million rubles”, the company owner…Details
In January-September Russian ports handled 604.2 million tons of cargo, up by 4% YoY. According to the Association of the Sea Trade Ports, in particular the throughput of coal totaled 121.9 million tons, up by 5.4%. The throughput of ferrous metals grew by 8.5%, to 22.6 million tons, of scrap – by 13.6%, to 3.2…Details
The subsidiary of the state concern Rosgeologia has completed its prospecting works for Q3 at the Karymshinskoe field. There the enterprise is looking for ore gold according to the state contract signed in 2017. The field is situated in the southeastern part of the Kamchatka peninsula. The completion of the contract is scheduled for late…Details
Since the start of the year Amur region has mined 2.5 million tons of power-generating coal, up by 5% YoY.
In the region coal is mined at the Erkovetsky and Severo-Vostochniy pits.
To further increase Erkovetsky capacities, Amur Coal will by new machines – a hydraulic excavator and bulldozers. (Ukrainian metal)
A new MMK sintering factory will have two unique sinter machines with no analogues in Russia. At present the company is assembling metal structures for the main premises and the buildings of the factory as well as machinery. The new machines will have a sintering area of 300 square meters at each sinter belt, with…Details
Russia: Metalloinvest and ChelPipe Group discuss ways to boost OEMK steel supply for pipe production
Metalloinvest and ChelPipe Group have held a Coordination Committee meeting at OEMK (a part of Metalloinvest). During the meeting the parties discussed options to increase supplies of high quality steel grades from OEMK to Pervouralsk New Pipe Plant (a part of ChelPipe Group). Experts from ChelPipe Group visited the main departments of the OEMK plant,…Details
The Federal Antimonopoly Service of Russia has rejected the offer of the Pipe Metallurgical Company to buy 100% of the “Tekhnologii bureniya” Company, owned by Hilong Energy (China). The FAS believes the deal will limit competition on the Russian market of drilling pipes. TMK is the largest manufacturer of drilling pipes in Russia – in…Details
Prices of gold, silver and platinum increased in Azerbaijan on October 12, while palladium prices dropped, according to the data published by the Central Bank. The price of gold grew by 44.6845 manats, to 2,073.609 manats per ounce on October 12 compared to the price on October 11. The price of silver went up by…Details
In 2003 Solway Investment Group (Sweden) purchased Pobuzhye Ferronickel Plant in Kirovograd region, and since then has invested some $200 million. According to Dan Bronstein, chairman of the board, investments went not only in the manufacture, but also in the educational and cultural spheres of the Pobugskoye town. “Now PFK is one of the most…Details