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According to the Ministry of Natural Resources and Ecology of Magadan region, in January gold output totaled 2282.4 kg, up by 82.5 kg YoY. Tenkinskiy city district yielded 1709.9 kg of ore gold. Omsuchanskiy district was the main silver extractor with 50.6 tons. Last year, gold output in the region totaled 46.36 tons, up by…
DetailsIn January industrial production in Russia grew by 1.1% YoY, but dropped by 17.3% MoM. According to Rosstat, mining decreased by 0.4% YoY. In particular, coal extraction – by 8.8%, while that of metal ores grew by 2.4%. Metal industry demonstrated a growth of 2.3%, with steel wares up by 19.3% and castings by 35.1%.…
DetailsEvraz Consolidated West-Siberian Metallurgical Plant Joint-Stock Company has ordered from Danieli an innovative QSP-DUE (Danieli Universal Endless) plant for the production of high value-added products for the new facility in Novokuznetsk, Kemerovo region. This will be the second Danieli QSP-DUE plant in the world. The order follows the start-up of the first ever DUE plant…
DetailsThe total economic effect from the implementation of projects to improve energy efficiency of production processes at Magnitogorsk Iron and Steel Works (MMK) in 2019 amounted to around 500 million rubles. These substantial results were achieved thanks to MMK’s efforts to improve energy efficiency at all levels of the industrial site. One of the most…
DetailsAzerbaijan’s AzerGold Closed Joint Stock Company sells high-quality 5, 10 and 20 grams ingots and coins made of gold and silver with the fineness of 999.9 at 12 sales points in Baku, Chairman of Board of AzerGold Zakir Ibrahimov said at a press conference on “Prospects for the development of the jewelry market in Azerbaijan:…
DetailsIn December 2019 prices of exported metal products decreased by 1.6% YoY, while of imported grew by 6.5%. According to the Statistics Committee, export prices of ferroalloys dropped by 30.1%, chrome ore – by 27.2%, zinc ore – by 15.5%, zinc – by 5.6%, manganese ore – by 3.4% and copper – 2.4%. At the…
DetailsRazrez Tugnuisky in the Republic of Buryatia has commissioned BELAZ-75131 quarry dump trucks and a BELAZ-74131 towing vehicle. The machines were delivered in late 2019. The 130-ton BELAZs have replaced older models. The company fleet contains mostly machines with high lifting capacity – 130-ton BELAZ-75131 and 220-ton BELAZ 75306. (Ukrainian metal)
DetailsIn 2019 Yakovlevsky Mining and Processing Works increased ore output by 21% YoY, to 1.5 million tons. Under the investment campaign amounting to 5.4 billion rubles, the enterprise has bought over 100 unites of machines, including 4 self-propelled drilling machines, 9 heading machines, 6 loading and transporting machines, 2 locomotives, etc. Moreover, the company has…
DetailsThe Aluminum Association reported that the demand for aluminum packing materials on the domestic market grew by 20% YoY in 2019. Food containers, household foil and capsules for sparkling wine have demonstrated the largest growth – by 29%, 21% and 8% respectively. Following the growing demand Rusal has increased its portfolio of cans and caps…
DetailsPetropavlovsk Plc, which operates gold deposits in Russia, has analyzed a potential secondary public offering (SPO) on the Moscow Exchange. “Petropavlovsk notes recent press speculation regarding a dual listing on the Moscow Stock Exchange and can confirm that it has undertaken analysis of potential for a secondary listing in Moscow. In this respect, the company…
DetailsRussia’s production of unrefined, semi-refined or powdered gold rose by 8.1% YoY, but fell by 27.1% MoM in January, the Federal State Statistics Service said in a report. In 2019, gold production grew by 17% YoY. No absolute figures were disclosed. (Prime/Ukrainian metal)
DetailsIn 2019 the Metinvest Group paid 21.1 billion UAH of tax to budgets of all levels, down by 5% YoY. In particular, the profit tax totaled 7.7 billion UAH, down by a third. Moreover, the group has also paid 1.9 billion UAH for subsoil use (+28%), 4.2 billion UAH of social single payment (+36%) and…
DetailsArcelorMittal Kriviy Rih has started conducting hot tests of its new twin ladle furnace and continuous casting machine No. 2 At the same time the company is brining its CCM No. 3 to design capacity. The construction of two new twin ladle furnaces and CCMs Nos. 2 and 3 with the combined design capacity of…
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