Last week the price of one ounce of gold in Azerbaijan increased by 5.746 manats or by 0.2568%. Accordingly, the average price of one ounce of gold stood at 2,236.57525 manats. The price of one ounce of silver increased by 0.2795 manats or by 0.994%, to 28.1539 manats. The price of one ounce of platinum…Details
The Belozerskaya mine site No. 2 of the DTEK Dobropolyeugol Mine Group mined 93 thousand tons of coal in April, up by 20 thousand tons MoM. On April 29 they set a record of coal mining, having obtained 5410 tons. Average daily output at the site is 3208 tons of coal. The combined coal output…Details
The Lugansk state military-civilian administration has presented to the Ministry of energy and coal industry the projects to open new long faces. In particular, these are the long face 13th Western at the Carbonite mine and the 4th Northern long face at the Gornaya mine of the state enterprise Pervomayskugol. The estimated coal reserves of…Details
In April direct deliveries of ferrous metals (pig iron, rolled metal, pipes and semi-finished products) to the major domestic automobile holdings (AvtoVAZ, KamAZ, GAS, Zil, Sollers, etc.) via railroad totaled 95.6 thousand tons, up by 4.5% MoM, but down by 1.3% YoY. In March the results were +17.4% and +6.9%, while in February –9.9% and…Details
In January-April Amur region obtained 5485.6 kg of gold, including 5433 kg of ore gold and 51.6 kg of alluvial gold, down by 11% YoY. In April the output totaled 1243.8 kg, down by 17% YoY. The drop in output has to do with the halt of operations at the Pokrovskoye deposits and the scheduled…Details
Novolipetsk Iron and Steel Works has started the program to replace the locomotive fleet, under which the company has already received 3 new TEM9 locomotives. Such machines have not previously been used by the company. They will replace the outdated TEM1 locomotives. In the next 5 years NLMK railroad fleet will get 27 new locomotives,…Details
Corum Druzhkovka Machine-Building Works has produced a skip for the Obukhovskaya Mine Group. The volume of the skip body is 25 cubic meters. The machine is able to get over 23 tons of mined materials to the surface in one go. The total length of the machine is 17.6 meters. Previously Corum Druzhkovka has produced…Details
In 2017 the state enterprise Vostochniy Mining and Processing Works produced 836.1 tons of uranium concentrate and mined 647.3 thousand tons of uranium ore, all down by 16.8% and by 19.9% YoY respectively. In 2011 VostGOK produced 890 tons of concentrate, in 2012 – 960.2 tons, in 2013 – 922.3 tons, in 2014 – 925.7…Details
Ural Mining and Metallurgical Company will invest about 3.5 billion rubles in development of Gaysky GOK, which exceeds equivalent figures for 2017 by 1 billion (by 34%). Over half the investment budget, about 2.25 billion rubles is planned to be channeled into implementing a project “Underground mine development” on the level of 830-1310 m. “The…Details
The Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…Details
Sumy Machine-Building Scientific Enterprise has produced liquid-packet ring pumps for ArcelorMittal Kriviy Rih.
The capacity of the pumps is 300 cubic meters per second.
AMKR will receive 3 pumps.
The weight of each machine is 13 tons. (Ukrainian metal)
In April Energomashspetsstal produced and shipped 263 tons of goods to the European companies of ArcelorMittal. According to the company statement, the rolls were shipped to AM works in Spain, Romania, France, Belgium and Germany. The EMSS rolls will be used in cold- and hot-rolling mills. One roll weighing 39.4 tons was shipped to Voestalpine…Details
The prices of main precious metals increased in Azerbaijan on May 11, according to the data published by the Central Bank. The cost of gold increased by 7.1825 manats, to 2243.2775 manats per troy ounce compared to the price on May 10. The cost of silver increased by 0.2671 manats, to 28.3985 manats per ounce.…Details
A fire raging 500 meters under the ground of the Raspadskaya in the Kemerovo region stopped its operations and forced evacuation of 195 miners, a source in the regional emergency services reported. “Operations of the mine have been suspended. The systems of ventilation and life support are working normally,” the source said. In 2010 two…Details
The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…Details
Polyus intends to get the results of the engineering survey on constructing a mining and processing works at the Sukhoy Log gold deposits in Irkutsk region in autumn. The company will spend some $30 million on Sukhoy Log this year out of its total expenses of $850 million. The share of Polyus in the Zoloto…Details
In January-March Russia exported 931.9 thousand tons of aluminum valued at $1.827 billion, up by 8.5% and by 27% YoY respectively. According to the Federal Customs Service, nickel exports dropped by 11%, to 33.7 thousand tons, valued at $444.2 million, up by 20%. Copper exports reached 175.9 thousand tons valued at $1.2 billion, up by…Details
Evraz, belonging to Roman Abramovich, Alexander Abramov and Alexander Frolov, could decrease the charter capital of Evraz Plc by $1.43 billion to pay dividends to the shareholders. The Evraz dividend policy adopted in March presupposes annual payments of not less than $300 million. But in 2017 the company paid $860 million, and both investors and…Details
The state enterprise Krasnolimanskaya Coal Company (Donetsk region) has been included in the list of 26 enterprises to be privatized, as approved by the government.
The enterprise is subject to the Ministry of energy and coal industry and is being privatized under the decree “On the peculiarities of privatization of coalmining enterprises”. (Ukrainian metal)
Gazprombank has opened a loan of 54.4 billion rubles for 12 years to finance the development of the Tominskoye copper-porphyry deposits in Chelyabinsk region to Tominsky Mining and Processing Works, a part of Russian Copper Company, and has also given the first tranche of 7 billion rubles. The development of the Tominskoye deposits and construction…Details
In January-March Russia imported 1.82 million tons of ferrous metals, up by 29.9% YoY. In March imports grew by 35% MoM, to 0.7 million tons. According to the Federal Customs Service, ferrous metals imports, not counting pig iron, ferroalloys, wastes and scrap, totaled 1.356 million tons, up by 12.2% YoY, with 0.522 million tons imported…Details
In January-March Severstal-Metiz increased exports by 44% YoY.
This was a record-high result in the past 5 years.
Most of the customers were from the EU.
The main export items were the products of high-carbon steel grades. (Ukrainian metal)
ArcelorMittal Kriviy Rih has mastered the manufacture of a new product according to the Israeli standards – the vanadium-alloyed weldable rebars S500W 25 mm. The first batch of such rebars weighing 1 thousand tons has already been shipped to Israel from the Nikolaev Trade Sea Port. The main advantages of these rebars are their weldability…Details
Metinvest, the vertically integrated group of steel and mining companies, has repaid a part of its pre-export finance (PXF) facility ahead of schedule and demonstrated its commitment to reducing its debt further following the successful completion of the debt refinancing in April. That transaction, the largest ever of its kind by a Ukrainian corporate, refinanced…Details