The cost of gold decreased by 5.53 manats (0.25%), to 2249.9633 manats per troy ounce in Azerbaijan on March 6, according to the data published by the country’s Central Bank. The cost of silver decreased by 0.6%, to 27.9995 manats per ounce, platinum by 0.6%, to 1637.2983 manats, and the cost of palladium decreased by…Details
AzovElectroStal (Mariupol) asks the Ministry of Ecology to allow it operating without a gas filter. The company is asking for a term of 7 years, within which it will take all the required environmental measures. The locals are against. In 2014-2017 the company was not operating, and the number of employees dropped from 6 thousand…Details
The Novogrodovskaya 1-3 and Rossiya mines have been sold to a new owner. According to the sources, Valery Atanov, a businessman from Makeevka, represented Eduard Bondarenko, chairman of Donbassenergo, who confirmed his relation to both mines. “By July we are prepared to put a new long face into operation at Novogrodovskaya , which will provide…Details
The Volgograd-based Spetsmetall-Volga has filed a claim to the Arbitrary Court of the Volgograd district asking to declare the Volgograd machine-building company VgTZ LLC insolvent. Because of the large debt the company, which is a part of the Tractor Works concern, could be declared bankrupt by the court. The debt amounts to 1 million rubles.…Details
A new shift of 39 drillers has arrived at Dixon.
They will be responsible for the second stage of prospecting at the Reka Lemberova site.
The site is close to another site, where in 2016 the Malolemberovskoye deposit was discovered.
In 2017 VostokUgol obtained a license for coalmining there. (Ukrainian metal)
Dalnevostochnie Resursy (Far East Resources), extracting gold on the territory of Ulchinsk and Nikolayevsk districts of Khabarovsk territory, has begun preparations to the washing season. The season will start on April 25 – May 9, depending on the weather conditions. In 2016 the company obtained 1140 kg of gold, and last year – 1100 kg.…Details
A Group is expanding the territory of its activities and is opening a subsidiary in the city of Bryansk. The goal of the subsidiary will be to stock and supply pipes and rolled metal of the major Russian manufactures to the customers in the Bryansk and nearby regions. The size of the warehouse allows stocking…Details
The electricity supplier Chitaenergosbyt has cut the manufacturing premises of Ulan-Udestalmost from electric grid because of the debt in the amount of 41 million rubles. Only the boiler house of the enterprise receives the electricity, as it provides the nearby city districts with heating. This year the company intends to produce some 9.8 thousand tons…Details
Izhorsky Pipe Works has won a competition to supply large diameter pipes to Gazprom with the total volume of 165 thousand tons. The pipes will be used to develop gas transportation pipeline in the Northwestern region. Under the contract the company will produce 1420 mm diameter pipes of K60 steel with the wall thickness of…Details
The state enterprise Vostochniy Mining and Processing Works has ordered Leader-Agro KR LLC the delivery of scrap valued at 1.96 million UAH. This year the company will have to deliver 191 tons of manganese scrap at 10275 UAH per ton to the city of Zheltie Vody. The scrap will be paid for within 2 months…Details
Police has started investigating the accident resulting in the death of an ArcelorMittal Kriviy Rih employee.
On March 3 the roof of the converter shop under repair collapsed, killing one person.
On March 4 the body was found.
The person killed was born in 1992. (Ukrainian metal)
In 2017 Susumanzoloto received 1.816 billion rubles of net profits, down by 28.4% YoY. Revenue grew by 29.9%, to 12.925 billion rubles. Sales profit dropped by 15%, to 2.474 billion rubles. Last year the company sold 5415 kg of gold, up by 47.1% YoY. As of December 2017 Susumanzoloto had 49 licenses. Its estimated C1…Details
Chelyabinsk Iron and Steel Works has produced rolled metal for the construction of the petrochemical complex ZapSibneftekhim in the city of Tobolsk. The company has supplied a batch of beams and steel sheet to the construction site. Beams and sheets were manufacture of 09G2S steel. Products of this steel grade could withstand the temperature range…Details
In 2017 Uralelectromed produced 378.4 thousand tons of copper cathodes, up by 10.3% YoY. Silver ingots manufacture grew by 17.4%, tellurium – by 10% and blue stone – by 49.5%. At present the company is busy constructing the second stage of the copper electrolysis shop. The capacity will increase to 400 thousand tons. Last year…Details
In 2018 Energomashspetsstal will produce and supply 1408 tons of various machinery for the construction of the Akkuyu nuclear power plant in Turkey to be commissioned in 2023. According to the company statement, 22 billets of the main pump and pipeline have already been tested, checked and submitted to the customer. “At present the company…Details
In 2018 Severstal will provide KAMAZ with at least 60 thousand tons of metal.
According to the group statement, it supplies cold- and hot-rolled sheets to the largest truck producer in Russia,
Last year Severstal sold 58 thousand tons of metal to KAMAZ. (Ukrainian metal)
In February Yuzhniy Mining and Processing Works decreased concentrate output by 2.7% MoM, to 915.7 thousand tons. According to the company statement, sinter output grew by 18.2%, to 159.6 thousand tons. In January-February UGOK produced 1969.1 thousand tons of concentrate and 291 thousand tons of sinter, down by 1% and by 4% YoY respectively. In…Details
The board of directors of Asian-Pacific Bank has approved the sale of a 9.11% stake in U.K.-registered Petropavlovsk Plc, which mines gold in Russia. In December 2017 companies controlled by tycoon Viktor Vekselberg sold a combined stake of 22.3% in Petropavlovsk and 2020 bonds that might be converted into a 6.83% stake in the company…Details
If in the near future the gold extracting company in Toguz-Toro district does not suspend its activities, the residents will again hold a rally, the Chairman of the rural council in Atay village, Ulanbek Sheripov, declared at a press conference on March 5. According to him, all the locals oppose the work of the new…Details
Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…Details
A new steel rebars works valued at $22 million was commissioned on the basis of Caspian Steel, that had been idle for the past 6 years. Aktau Steel has already created over 150 jobs, and the number is expected to double. “Azerbaijani side invested over $22 million in the restoration of the enterprise. The capacity…Details
Since the start of the year Alchevsk Iron and Steel Works has produced over 16 thousand tons of pig iron. “Two blast furnaces are operating, and the manufacturing process is stable. 2 coking batteries have been put into operation. Sinter manufacture has been resumed. The company started shipping pig iron to customers”, said Dmitry Bozhich,…Details
In 2017 Beloretsk Iron and Steel Works received 1.004 billion rubles of net profit, up from 315.5 million rubles. In Q4 2017 BMK registered 240 million rubles of net losses, while in Q3 2017 – 424 million rubles of profit. Last year the company sold 23.932 billion rubles worth of metal, up by 2% YoY.…Details
Belarus: Kronospan to invest over EUR 10 million in expanding metal structures production in FEZ Mogilev
The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported. IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available…Details
In February Russian Railroads transported 99.8 million tons of cargo, up by 3.9% YoY. According to the company press-service, in January-February the throughput grew by 3.7%, to 203.3 million tons. In particular, in 2 months RZhD transported 60.8 million tons of coal, up by 1.1%, 12.6 million tons of ferrous metals, up by 10.3%, and…Details
In 2017 Vyksa Iron and Steel Works produced over 2 million tons of pipes, up by 15%. Large diameter pipes manufacture grew by 16%, to 930 thousand tons, small and medium diameter pipes – by 14%, to 1.1 million tons. Hot-rolled coils output reached a record of 1.29 million tons, up by 4%. Sheets manufacture…Details