Prices for precious metals in Azerbaijan continued to decline on July 17, according to the data published by the Central Bank. The price of gold decreased by 5.457 manat, to 2110.227 manats per ounce compared to the price on July 16. The price of silver decreased by 0.0605 manats, to 26.8797 manats per ounce. The…Details
The Georgian Industrial Group (GIG), the largest industrial holding in Georgia owning Saknakhshiri coal mining company, is ready to gift the company to the state in the wake of the fatal incident in the Tkibuli Mindeli Mine, which claimed the lives of four miners and left six others with severe injuries. GIG states that despite…Details
Russia’s production of finished, semi-finished, and powdered gold fell by 13% YoY but rose by 26.5% MoM in June, the Federal State Statistics Service said in a report. In January-June gold production decreased by 1.2% YoY. Previously, absolute figures on production of non-ferrous metals were a state secret. The figures are no longer classified, but…Details
Prime Minister of Georgia Mamuka Bakhtadze has announced the closure of Mindeli coal mine where four died and six injured as a result of a methane explosion on July 16. “I express my wholehearted condolences to the families of the victims in this difficult moment. The state cannot allow the vulnerability of health and life…Details
In January-June Electrozinc fulfilled zinc manufacturing plan by 101.5%. According to preliminary data, sales are expected on the level of 2863 million rubles, up from 2507 million rubles in H1 2017, and net income – 330 million rubles (252.388 million rubles). Payments to all budgets will reach 564 million rubles. In H1 the company produced…Details
Rusolovo intends by the end of 2022 to have constructed and commissioned the mining and processing works at the Pravourminskoye tin ore deposits. Investments will total 9.7 billion rubles. Construction of the GOK itself will cost 6.7 billion rubles. The company will also have to construct a road from the site to the settlement of…Details
In June, according to the railroad statistics, direct deliveries of ferrous metals to the enterprises of the railroad machine-building industry reached 137.2 thousand tons.
This is by 57.4% more YoY.
In January-June deliveries grew by 21.7% YoY, to 760.8 thousand tons. (Ukrainian metal)
Uralmashzavod will supply the sixth EKG-18 excavator to Kuzbassrazrezugol, a part of UGMK. Since the beginning of the year the company has already received 3 excavators. Assembly of the two of them has begun. 3 more machines will have been supplied by the end of the year. EKG-18 is one of the most sought after…Details
The chairman of the Samara region Dmitriy Azarov has visited Arkonik SMZ, the largest manufacturer of aluminum semi-finished products in Russia. The company manufactures unique products – light-alloyed drilling pipes, parts for the newest Russian aircraft MS-21, as well as the first in Russia aluminum hoppers and bridges. In 2016 the company underwent modernization, the…Details
Magnitogorsk Iron and Steel Works (MMK) plans to invest 38 billion rubles until 2025 into environment protection, an MMK representative reported. The Chelyabinsk region’s department of the Federal Service for Natural Resources Oversight sent a report to the federal department stating that MMK inflicted 3.2 billion rubles of financial damage on water bodies of the…Details
A new plant for the enrichment of sludge at sludge depository No. 2 has been launched at PJSC Magnitogorsk Iron and Steel Works’ (MMK) ore-dressing workshop. This will allow the company to increase the share of its own iron ore materials in sinter production’s burden, but also to significantly decrease its industrial impact on the…Details
Alexander Zakharov, ex-director of the tool-mechanical shop of the Non-Ferrous Metals Processing Works, has been appointed the CEO of the Ukrainian Casting Company LLC. Zakharov has replaced Valeriy Kotikov, who has been chairing the company since June 2015. The new director sees the priority in the increase of output to 120 tons of castings per…Details
So far Energomashspetsstal has mastered the manufacture of over 300 steel grades according to GOST, DIN and ASTM. Since 2017 the company has produced 2500 tons of high-alloyed stainless steel for the power industry, including the new steel grade according to EDF. EMSS has also produced 10 bulk ingots weighing from 205 to 290 tons,…Details
In January-June Sibcable increased cable output by 40% YoY.
In particular, the company produced 530 km of power cables.
Control cable output grew 2.5-fold, to 17.6 thousand km. (Ukrainian metal)
In June direct supplies of ferrous metals to the major agriculture manufacturers via railroad totaled 12.5 thousand tons.
This is 5.9% less than in June 2017.
In January-June deliveries decreased by 15% YoY, to 79.4 thousand tons. (Ukrainian metal)
In January-June Magadan region extracted 13.4 tons of gold, including 4.3 tons of alluvial gold and 9.1 tons of ore gold. Silver output reached 359 tons. Gold output increased by 14.5% YoY. At the same time silver manufacture demonstrated a slight decrease – by 2.7%. This year the region intends to yield 37 tons of…Details
In January-May the metal industry of the Volgograd region demonstrated positive dynamics. In particular, alloyed steel output increased by 1.6% YoY, pipes, sections and fittings – by 16.6%. Metal companies transferred 1.1 billion rubles of taxes to the regional budget, up by almost 20% YoY. The average salary in the industry totaled 41.2 thousand rubles,…Details
Krasnoyarsk Iron and Steel Works has started producing spare parts for the Aurus project, the range of Russian limousines.
This year the company will produce 8.5 tons of spare parts.
The sales of the cars are expected to start in 2019 with some 50-70 units per year. (Ukrainian metal)
In January-June Rusolovo mined 114.776 thousand tons of ore, up by 199% YoY. Tin concentrate output reached 361 tons, up by 62%. Pravourminskoye LLC yielded 65% of the tin concentrate, and the rest was provided by the Tin Ore Company. This year the company intends to mine 286.446 thousand tons of ore and produce 1600…Details
MMK-Metiz has commissioned a new machine to produce ropes and wire.
The first stage of the machine will produce high-carbon wire and steel ropes with the total capacity of over 43 thousand tons per year.
The cost of the project is 1.5 billion rubles.
The second stage will be commissioned in Q4. (Ukrainian metal)
Metalloinvest has put into operation the heat-treatment furnace No. 1 – the rolling quench machine No. 1 at Ural Steel. The cost of the project was 1.2 billion rules. Last year the company received a 10-year loan from ING Bank (the Netherlands) for 11.5 million euro to finance the project. The machine will increase the…Details
The project to construct underground mine Mayak has been approved by the State expertise service.
The mine will be able to yield 1 million tons of copper-nickel ore per year.
The project provides for underground operation only.
The construction will be financed by Nornickel itself. (Ukrainian metal)
The prices for main precious metals in Azerbaijan have decreased July 16, according to the data published by the Central Bank. The price of gold increased by 0,918 manat, to 2115,684 manats per ounce on July 16, compared to the price on July 13. The price of silver decreased by 0,1496 manats, to 26,9402 manats…Details
The price of one ounce of gold decreased by 23.6045 manats or by 1.1029% last week, to 2,128.0005 manats. Last week the price of one ounce of silver decreased by 0.3164 manats or by 1.1545%, to 27.18488 manats. The price of one ounce of platinum decreased by 24.667 manats or by 1.698%, to 1,434.2951 manats.…Details