The prices of main precious metals decreased in Azerbaijan on June 28, according to the data published by the Central Bank. The cost of gold decreased by 5.2275 manats, to 2,128.434 manats per ounce compared to the price on June 27. The cost of silver decreased by 0.1834 manats, to 27.3807 manats per ounce. The…Details
In January-May the Republic of Buryatia mined 2.731 million tons of coal, up almost 2-fold YoY. Tugnuysky Pit provided 1.434 million tons of coal, while three companies – East-Siberian Mining Company, Coal Pit and Buryatia Mining and Ore Company – mined 1.298 million tons. Most of the coal mined is exported to the Asian-Pacific region…Details
This year Seligdar intends to mine 6 thousand kg of gold, up by 30% YoY. The increase has to do with the Ryabinovoye gold-extracting factory reaching project capacity and the increase of output at Ryabinoviy Mining and Processing Works. The Ryabinovoye LLC output plan is 1805 kg of gold. The Sininda 1 miners team intends…Details
ZEMZ has repaired one of its main machines, which will allow in future to rationally use energy resources and avoid unscheduled delays in operation. The electric arc furnace No. 15 with the volume of 12 tons is a part of the manufacturing complex of the second electric arc shop. The repair, which has been completed…Details
Severstal is modernizing the extraction machine in the SSM-Tyazhmash mass production shop. The cost of the project is over 20 million rubles. The shop is situated on the territory of the Cherepovets Iron and Steel Works. The machine is being assembled at the site of the electric arc furnaces used to produce powder pig iron.…Details
VIZ-Stal has equipped all of its machines with the automated system of satellite monitoring. The goal of the project is to improve the safety and efficiency of some 440 units of special machines, trucks and cars usage. The satellite monitoring allows in real time to control the location and movement of the machines. The system…Details
The Ministry of economic development and trade together with Kobe Steel has approved of the road map to implement latest techniques at the Krivoy Rog Mining and Processing Works of Oxidized Ores. In March the ministry, Kobe Steel Ltd and Hares Engineering GmbH concluded a Memorandum of Understanding on the project. The road map touches…Details
The prices of main precious metals varied in Azerbaijan on June 27, according to the data published by the Central Bank. The cost of gold decreased by 20.31 manats, to 2133.6615 manats per ounce compared to the price on June 25. The cost of silver decreased by 0.25 manats, to 27.5641 manats per ounce. The…Details
Residents of Aknazar rural area in Bakai-Ata district held a rally against gold mining in Urmaral gorge, the press service of the State Committee for Industry, Energy and Subsoil Use reported. According to it, about a hundred people held a rally in front of the local administration. They are afraid that after the beginning of…Details
The limitation of sulfuric acid imports will affect the whole economy, as the shortage of this raw material could halt the metal industry. “If, because of the lack of sulfuric acid, by-product coke plants shut down, the whole metal industry will halt as well”, Azovstal CEO Enver Tskitishvili said. According to him VostGOK and Sumykhimprom…Details
In January-May Ukrainian by-product coke plants increased 6% moisture coke output by 8% YoY, to 4.508 million tons.
According to the association of by-product coke enterprises Ukrkoks, in May output totaled 896 thousand tons.
At present the by-product coke enterprises are working in stable mode.
In late June coke output has even increased. (Ukrainian metal)
The annual meeting of the shareholders of Vysochaishiy (GV Gold) has elected a new board of directors. The number of independent directors has increased to 50%. It was also decided to spend 2.237 billion rubles to pay dividends for 2017. This is 30% of the EBITDA and the record high payment to GV Gold shareholders.…Details
In April, according to the customs statistics, Russia exported 9.7 thousand tons of corrosion-resistant steel valued at $10 million, down by 1.9% MoM, but up by 50.5% YoY. Revenue dropped by 4.5% MoM, but increased by 66.7% YoY. In January-April exports reached 31.6 thousand tons, up by 9.4% YoY, valued at $33 million, up by…Details
In January-April Russia imported 78.7 thousand tons of corrosion-resistant steel valued at $179 million, down by 8.6% and by 2% YoY respectively. According to the customs statistics, 600+ mm sheet accounts for 90% of the deliveries. The main supplier is China (41%), followed by Taiwan (16.5%). Spain and South Korea supply some 8% each. (Ukrainian…Details
In January-May Buryatia extracted 1569.7 kg of gold, up by 24.5% YoY. In particular, ore gold output totaled 1432.5 kg and alluvial gold – 137.2 kg. Ore gold is mined by Buryatzoloto, Zapadnaya miners team and Sininda 1 miners team. The largest alluvial gold extractors are Sininda 1, Priisk Tsipikansky LLC, Vitimgeoprom, Kurba miners team…Details
In June Severstal Steel Decisions has finished supplying metal structures weighing 322 tons for the construction of the wholesale market in Primorye region. The building with the total size of 9600 square meters will be used for loading and unloading. The length of the building will be 120 meters, while the height – 11.5 meters.…Details
Chepets Mechanical Works has commissioned a system of manufacturing management in the bar shop. The new information system on the basis of MES Hydra allows monitoring the rolling mills operation in real time. The data gathering has decreased from 8 hours to 5 minutes. The project will result in the digital transformation of zirconium refining.…Details
Specialists of Beloretsk Iron and Steel Works have presented their newest import-substituting products to mining companies of Kemerovo, Krasnoyarsk, Zabaikalye and Khabarovsk regions, as well as Republics of Khakassia and Buryatia, and Uzbekistan. Trial batches of steel ropes with polymer coating will be supplied to customers, while the full-scale manufacture will start in early 2019.…Details
Gold and silver producer Polymetal International is ready to buy a pressure oxidation unit (POX) from Russia-focused gold producer Petropavlovsk Plc for $250 million. Polymetal is even ready to finish construction of the unit on its own and to buy 300,000 tons of refractory ore concentrate from Petropavlovsk per year to refine it at the…Details
The state enterprise Lvivugol will buy mining machinery for the Stepnaya mine valued at 120.65 million UAH. The corresponding auction has been announced in the Prozorro system. In particular the enterprise intends to purchase a shearer, a long wall conveyer with the length of 300 meters, 200 anchoring section moving mechanisms with hydraulic jacks and…Details
In January-May the gold-ore company Pavlik, developing the deposits of the same name in Magadan region, obtained 2700 kg of gold, up by 8% YoY. The manufacturing plan for the year is the same – 7 tons of the precious metal, up by 7.7% YoY. Last year Pavlik obtained 6.5 tons of gold. The company…Details
Bakyrchyk Mining Enterprise has been put into operation in the East Kazakhstan region. The enterprise will be developing a major gold project Kyzyl (Bakyrchyk and Bolshevik deposits). Its reserves are estimated at 280 tons of gold with the average content of 7.7 g per ton. When the enterprise reaches project capacity in 2019, it will…Details
Uchaly Mining and Processing Works has received 2 Sandvik DD311 drilling machines and a Sandvik TH545 underground dump truck.
The machines will be operating at the Novo-Uchalinsky mine.
This is the second underground truck bought this year for the Novo-Uchalinsky deposits.
Ore mining will start next month. (Ukrainian metal)
RusHydro will support the project on the construction of Taishet Aluminum Works. All it is waiting for is the decision of Rusal. In early April RusHydro approved participation in the project. The company share was to be not more than $319.5 million. RusHydro will get 50% in the charter capital of the joint company RusAl…Details