The price of one ounce of gold increased by 2.7965 manats or by 0.1371% last week in Azerbaijan, to 2037.4075 manats. The price of one ounce of silver decreased by 0.5609 manats or by 2.2798%, 24.28162 manats. The price of one ounce of platinum grew by 6.375 manats or by 0.4766%, to 1336.1048 manats. Last…Details
The German DMT Group will study the labor conditions in mines located in Tkibuli, western Georgia, in the wake of a deadly blast earlier this year claiming the lives of four miners and leaving another six injured. The Mindeli coalmine has been closed since the blast took place on July 16. The DMT Group will…Details
Last year Leader Stal Vostoc received the status of resident of the Free port of Vladivostok, and this summer opened its own manufacturing site in the town of Ussurijsk. The plant, employing over 20 people, processes and coats galvanized steel coils. The polymer-coated galvanized steel coils are then sold to construction materials manufacturers. Investments in…Details
Russia’s exports of ferrous metals increased by 13.5% YoY, to 27.452 million tons in January-July, the Federal Customs Service said. Cast iron exports rose by 32.1%, to 3.383 million tons, and semi-finished carbon steel goods exports increased by 14.8%, to 9.507 million tons. In monetary terms, ferrous metals exports rose by 33.9%, to $13.585 billion.…Details
Bratsk Aluminum Works is going on with its ecological modernization. At present another gas-purifying machine is being assembled at the site. The electric filters operating since 1966 are gradually replaced. Now the company is finishing the assembly of 2 such machines, each with the cost of over 100 million rubles. Moreover, 7 years ago the…Details
Yekaterinburg Non-Ferrous Metals Processing Works has started producing precision wares of precious metals and other materials for the medicine industry. The main products are anodes, cathodes and other wares for pacemakers. The company has already produced pilot batches of anodes for all the major manufacturers of medical devices in Russia and by 2019 intends to…Details
Head of State Nursultan Nazarbayev has visited one of Karaganda region largest enterprises, which produces rolled ferrous metals. The President of Kazakhstan got familiar with the technologies for the manufacture of long products and was informed about the further plans concerning the development of the metallurgical plant. In addition, Nursultan Nazarbayev was informed about the…Details
A firm, owned by the wife of the former bodyguard of ex-Kyrgyz President of Kyrgyzstan Almazbek Atambayev Erkin Mambetaliev, Aichurok Adieva, is behind illegal gold mining at Naiza field in Chatkal district. According to the Ministry of Justice, the founders of Muraz Sintez firm, which intends to extract gold in the territory of Besh-Aral nature…Details
In January-August Ukraine imported 3.273 million tons of aluminum ore and concentrate valued at $131.251 million, up by 7.65%, but down by 0.1% YoY respectively. According to the State Fiscal Service, the main suppliers were Guinea (56.62%), Guyana (37.75%) and Brazil (4.59%). Ukraine re-exported 45 tons of bauxites valued at $5 thousand to Poland, while…Details
The acting governor of Krasnoyarsk region Alexander Uss and Rusal president Vladislav Soloviev have visited one of the major Russian enterprises to produce car wheels of aluminum alloys – the Casting-Mechanical Works SKAD LLC. The company is situated in the city of Divnogorsk and has been a part of Rusal since 2017. SKAD produces over…Details
In August NLMK shipped 986.6 thousand tons of metal via railroad, down by 9.4% YoY.
In January-August sales increased by 1.1% YoY, to 8.5 million tons.
Russian customers received 2.6 million tons, up by 6.3% YoY, while exports totaled 5.57 million tons, down by 1.4%. (Ukrainian metal)
In August MMK shipped 994.2 thousand tons of metal via railroad, up by 9.2% YoY.
In January-August, according to railroad statistics, sales grew by 1.1% YoY, to 7.2 million tons.
Russian customers received 4.68 million tons of metal, up by 8.5%, while exports dropped by 10.5%, to 2.48 million tons. (Ukrainian metal)
In August Evraz-NTMK shipped 310.3 thousand tons of metal via railroad, up by 4.6% YoY.
According to the railroad statistics, in January-August sales reached 2.38 million tons, down by 9.2% YoY.
Russian customers received 1.35 million tons of metal, up by 3.2%, while exports fell by 21.6%, to 1.03 million tons. (Ukrainian metal)
Russdragmet LLC (a part of Highland Gold Mining Ltd) in January-June sold $146.9 million worth of precious metals.
Net profit grew by 10.5% YoY, to $28.6 million.
Gold sales dropped by 6%, to 121.2 thousand ounces.
EBITDA totaled $71.4 million, down by 2.5%. (Ukrainian metal)
In August Krasniy Octyabr had to produce 2500 tons of rolled metal, but in fact manufactured 2625 tons.
For September the company output plan is 2800 tons.
The goals set by the company management have been met.
Krasniy Octyabr supplies high-quality steel products to all its foreign customers in time. (Ukrainian metal)
MMK is reconstructing its hot-rolling mill-2500 in the sheet-rolling shop No. 4.
The project will increase the size and grade portfolio of the mill and improve the quality.
The capacity will grow from 4 to 5 million tons of metal per year. (Ukrainian metal)
Since the start of the year UralKuz has shipped 100 thousand tons of metal products, up almost 2-fold YoY. Railroad car and locomotive axles account for the major part of sales. “The increase in sales has to do with the high demand for our products on the market, mostly from the railroad companies. We have…Details
The Russian Finance Ministry is considering canceling value-added tax (VAT) to help repatriate dozens of billion rubles in a move the market has been waiting for dozens of years, Deputy Minister Alexei Moiseyev declared on September 7. “The issue is only discussed, and an additional stimulus for its solution has appeared. You can already see…Details
Novocherkassk Electrode Works has commissioned a new pitch impregnation line. According to the company managing director Yevgeniy Churikov, this will allow decreasing the capacity of grafitized electrode manufacture 2-fold. The modern autoclaves’ pressure on pitch is 40% higher than in the existing machinery, which makes the structure of the electrodes more solid. The cost of…Details
In August direct deliveries of ferrous metals to railroad machine-building enterprises totaled 126.4 thousand tons.
According to the railroad statistics, this was up by 23.6% YoY.
In January-August deliveries grew by 25.2% YoY, to 1.2 million tons. (Ukrainian metal)
In August direct deliveries of rolled metal to companies manufacturing ferroconcrete structures and to integrated house-building factories totaled 13.5 thousand tons.
According to the railroad statistics, this is down by 29.7% YoY.
In 8 months railroad deliveries decreased by 33.4% YoY, to 119.4 thousand tons. (Ukrainian metal)
In August direct railroad deliveries of metal to major service metal centers specializing in metal wares manufacture (light metal structures, metal roofing, profiled sheeting, etc.) totaled 186.3 thousand tons.
According to the railroad statistics, this is down by 11.8% YoY.
In January-August deliveries reached 1.55 million tons, up by 3.1% YoY. (Ukrainian metal)
Kopy Goldfields AB has started operating at two prospecting project in Irkutsk and Amur regions. In June the company started prospecting at an alluvial deposit in Amur region. The work is expected to be complete in 2020-2021. So far prospecting for gold at the site has not been carried out. Under the second project Kopy…Details
Uralelectromed has taken a number of measures to prepare shops for the winter period. In particular, technical maintenance of the power shop machinery has been carried out: eight pumps, six boilers, two de-aerators, four filters and boiler machines. The company has also carried out a major work to thermomodernize premises, cabins of excavators, locomotives and…Details