The First Vice Prime Minister held a meeting with the management of GL Makmal Developing the day before. According to the government’s press service, the parties discussed the events that took place on April 11 in Kazarman village, Toguz-Toro district of Jalal-Abad region, where the territory of the gold processing plant was set on fire.…Details
The members of the EEC Board have decided to abolish the import customs duty rates of the Common Customs Tariff of the Eurasian Economic Union (EAEU CCT) on certain types of mineral raw materials containing precious metal or precious metal compounds, the Eurasian Economic Commission’s press service said. In particular, the decision will relate to…Details
The prices of main precious metals increased in Azerbaijan on May 23, according to the data published by the Central Bank. The cost of gold increased by 5.5165 manats, to 2197.08 manats per ounce compared to the price on May 22. The cost of silver increased by 0.1632 manats, to 28.1479 manats per ounce. The…Details
Ukrzaliznytsia has imposed temporary limitations on the foreign transportation to ArcelorMittal Kriviy Rih. The prohibition will be in effect until it is cancelled, and covers transportation of all cargo from railroads of CIS and Baltic States. Earlier AMKR experienced a railroad shop strike. Ukrzaliznytsia agreed with metal companies to coordinate actions on cargo transportation. (Ukrainian…Details
The Commercial Court of Donetsk region is reviewing the claim of Prominvestbank to Yasinovsky By-Product Coke Plant on the recovery of $41.6 million and 353.4 million UAH of the debt on the loan according to a contract concluded in 2011. The bank bases its claims on a non-fulfillment of its debt obligations by the Savi…Details
In January-April Russia increased raw and semi-raw gold, or in powder form output by 2% YoY.
According to Rosstat, in April gold output grew by 14.1% YoY.
At the same time, gold manufacture dropped by 8.3% MoM. (Ukrainian metal)
Primorsky Mining and Processing Works will prepare a new project to develop tungsten ore deposit Skrytoye in Primorye region. This the company is forced to do as the budget has found no funds to reconstruct a road, without which the previous project cannot be carried out. According to the company deputy CEO on foreign economic…Details
In 2018 StroyResourceGroup, which extracts gold in Primorye region, intends to obtain 10 kg of gold, up 10-fold YoY. In 2016 gold output was exactly 1 kg. The season for the company will start in June. At present the site is being prepared. StroyResourceGroup owns a license to the Nesterovsky site valid through May 23,…Details
The Pipe Metallurgical Company will continue supplying steel billets to the USA despite the $25 import duty. According to the company deputy CEO on strategy and corporate development Vladimir Shmatovich, TMK is trying to make the US authorities exclude its products from the list of duties. “Still, the price growth on the US market and…Details
NLMK Group, a global steel company with operations in Russia, the USA, and the EU, has launched a project to upgrade its continuous casting line (CCM-9) at its flagship Lipetsk production site. The upgrade will enable an 80% boost in the capacity of the line (to 1.8 million tons per year), and the production of…Details
On May 20, after a four-day protest, the railwaymen from the third shift came back to work, on the night of May 20 to May 21 the first shift followed, and starting from May 21 morning there was the second shift back in operation (four shifts in total). Railway Transport shop of PJSC ArcelorMittal Kriviy…Details
Metal and mining output in January-April in Donetsk region grew. In particular, the region produced 6.94 million tons of pig iron (up by 10% taking into account operation of assets on Ukraine-uncontrolled lands and by 19% without them), 6.99 million tons of steel (down by 0.3%, but up by 6%), 6.12 million tons of rolled…Details
In January-March Vysochaishiy produced 55 thousand ounces of gold, up 2-fold YoY. This increase has become possible thanks to the start of operation at the Drazhnoye and Ugakhan deposits in 2017. Ore output grew by 75%, to 1686 thousand tons, and processing – also by 75%, to 1748 thousand tons. Average gold price in Q1…Details
In January-March Russia exported 218.7 thousand tons of primary copper valued at $1496 million, up by 15.2% and by 40.6% YoY respectively.
In March the average price of primary copper was $6739 per ton FOB Russian border, up by 19% YoY.
Copper wire rod (wire) price was $6769 per ton, up by 23.4%. (Ukrainian metal)
Since May 4, Kosaya Gora Iron and Steel Works has switched its blast furnace No. 3, which produces pig iron, to the manufacture of Fmn78 ferromanganese. The decision was made taking into account the market situation and the offer of Metalloinvest to switch to a new price forming process on pellets, resulting in the considerable…Details
Russian Platinum has presented the results of the operation of it assets in the Far East. Yubileyniy GOK mined 24.7 thousand tons of ore. At the same time 33.513 thousand tons were processed, and 251.4 kg of gold and 158.1 kg of silver obtained. Perevalniy GOK mined 108.8 thousand tons of ore. The Perevalnaya processing…Details
Polyus reports that the capacity of Natalkinskaya gold-extracting factory has reached 80% of its project level of 10 million tons of ore per year. Since the start of the year Natalka has produced over 40 thousand ounces of gold. When the factory reaches its project capacity it will produce some 450 thousand ounces of gold…Details
Within the Freeport of Vladivostok project, Primorzoloto plans to construct a gold-extracting factory.
Investor intends to construct two quarries.
Gold-bearing ore will be delivered to the factory with the capacity of 500 thousand tons of ore per year.
It is expected to obtain 64.5 tons of gold under the project. (Ukrainian metal)
With the commissioning of the new 10-38 mill in late 2017, Brok-Invest-Service intends to increase cold-rolled pipes output from 2.9 thousand tons to 3.5 thousand tons per month. The increase in output and sales is being planned despite the difficult situation on the Russian welded pipes market. The current capacities considerably exceed demand, and prices…Details
Severstal was one of the first Russian companies to confirm the correspondence of its quality management system to the IATF 16949 standard. The DQS experts have checked Cherepovets Iron and Steel Works facilities. “The presence of the certified quality system is a must in relations with automobile manufacturers both in Russia and abroad”, Severstal Russian…Details
Russia: Global Metals Awards jury applauds NLMK Group management success with Strategy 2017 execution
The judges of the prestigious S&P Global Platts Global Metals Awards applauded the role that NLMK Group’s top management team played in the success of Strategy 2017 and recognized Oleg Bagrin, member of the Board of Directors, who presided over the company from 2012 to March 2018 and was the architect of its previous five-year…Details
TNC Kazchrome JSC, the world’s largest producer of high carbon ferrochrome, has output records in chrome ore and ferroalloys. “We are impressed with the 2017 achievements because we managed to produce record volumes of both chromium ore and ferroalloys. Kazchrome is one of the most efficient producers of ferrochrome on the global cost curve and…Details
The Prime Minister of the Kyrgyz Republic Mukhammedkaly Abylgaziev met with Centerra Gold Inc. CEO Scott Perry, the Information Support Department of the Government’s Executive Office reported. The parties discussed issues related to the strategic agreement signed on September 11, 2017. Mukhammedkaly Abylgaziev noted that the government realized the significant role of Kumtor in the…Details
The prices of main precious metals increased in Azerbaijan on May 22, according to the data published by the Central Bank. The cost of gold increased by 1.8105 manats, to 2191.5635 manats per ounce compared to the price on May 21. The price of silver increased by 0.1365 manats, to 27.9847 manats per ounce. The…Details