Azerbaijani President Ilham Aliyev has signed an order to put into operation the Dashkasan iron ore deposit, which is the only iron ore deposit in the South Caucasus with an estimated industrial reserves of around 300 million tons. Under the order, initially $1.76 million (AZN 3 million) will be allocated to AzerGold mining company from…
DetailsIn January-July, Ukraine procured 1.642 million tons of scrap, down by 18.4% YoY. Exports decreased by 53.3%, to 17.2 thousand tons. Imports fell by 73%, to 10.6 thousand tons. (Ukrainian metal)
DetailsIn July, Zaporizhstal produced 343.4 thousand tons of pig iron, up by 3.4% YoY. Steel output dropped by 5.5%, to 304.6 thousand tons, and rolled metal – by 1.8%, to 255.4 thousand tons. In H1, the company produced 2504.7 thousand tons of pig iron, 2119.7 thousand tons of steel and 1804.2 thousand tons of rolled…
DetailsChaarat Gold Holdings Ltd produced 26,960 ounces (more than 764 kg) of gold equivalent at its Kapan mine in during the first half of 2020, and expects to produce 55,000 ounces (more than 1559 kg) of gold for the year. The company said it also took several steps to help alleviate the impact of coronavirus…
DetailsEnergomashspetsstal has produced solid upper and lower parts of the turbine frame for the Slavyansk Heat and Power Plant. The weight of each half is over 50 tons. The size of the parts is 7300x4600x2100 mm. Previously the company produced such parts from smaller components and welded them. (Ukrainian metal)
DetailsOn August 1, the employees of Alchevsk Iron and Steel Works received 18% of their May wages. Such payments are made weekly. At the sane time, situation at mining companies is even worse. Employees of the ex-state enterprise Centerugol ask the General Prosecutor’s Office and courts, but the salaries are still not paid. The mining…
DetailsIn January-May, Russia increased gold output by 2.83% YoY, to 104.31 tons. In particular, extracted gold amounted to 86.38 tons, up by 6.66%, by-product gold – 6.79 tons, down by 7.62%, and secondary gold – 11.15 tons, up by 14.96%. Silver manufacture decreased by 7.39%, to 355.3 tons, including extracted silver – 175.39 tons, down…
DetailsIn January-July, Ukraine produced 11.87 million tons of steel, down by 6.7% YoY. Pig iron manufacture decreased by 1.1%, to 11.76 million tons, and rolled metal – by 3.2%, to 10.63 million tons. In 2019, Ukraine produced 20.82 million tons of steel, 20.05 million tons of pig iron and 18.16 million tons of rolled metal.…
DetailsDue to the drop of output, Nikopol Ferroalloy Plant will provide a part of its employees with unpaid time-off. Average monthly output decreased to 35 thousand tons. Thus, due to low loading of capacities, NZF is forced to send some of its employees home, who are not engaged in manufacture and sales. In H1, NZF…
DetailsItaly’s Genoa has finished constructing a bridge in place of the previous one, which collapsed on August 14, 2018. The reason of the accident was the destruction of a ferroconcrete rope. Under the project to restore the bridge, Metinvest has become the main steel supplier. Semi-finished products were manufactured at Azovstal, while high-quality rolled metal…
DetailsUntil September, Corum Group intends to finish delivering 40 trolleys to transport iron ore to Krivoy Rog Iron Ore Industrial Complex. So far the first batch of trolleys (20 units) has been produced by Corum Druzhkovka Works. The second batch is expected to be shipped until the end of August. The cost of the order…
DetailsIn January-June, Polymetal produced 9.7 tons of gold in Khabarovsk region as opposed to 8.3 tons in H1 2019. In particular, Amur Hydrometallurgical Works (AGMK) increased output by 27%, to 8.1 tons. The works processed 115 thousand tons of concentrate, up by 4%. Raw materials from the Albazinskoye deposit accounted for 79 thousand tons yielding…
DetailsDuring 6 years of existence of the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, around 35 thousand jobs in the coal sector were liquidated. Some 22 coal mines have been shut down in the region. Many settlements have lost their major enterprises. (Ukrainian metal)
DetailsIn June, Ukrainian metal and mining companies decreased salaries by 1.4-9% MoM. At the same time, pipe enterprises increased wages by 1.3%, to 13.2 thousand UAH. At mining companies average wages decreased by 1.4%, to 17.4 thousand UAH, in ferrous metallurgy – by 2.2%, to 17.2 thousand UAH, in non-ferrous metallurgy – by 3.5%, to…
DetailsIn January-June, KAZ Minerals produced 153.8 thousand tons of copper, up by 4% YoY. Gold output grew by 25%, to 109.7 thousand ounces, silver – by 18%, to 1.5 million ounces, and zinc in concentrate – by 29%, to 18.4 thousand tons. Aktogay GOK produced 67.6 thousand tons of copper (-9%), Bozshakol GOK – 60.4…
DetailsMariupol Ilyich Iron and Steel Works is finishing one of the largest ecological projects in the history of the independent Ukraine – the reconstruction of the sintering factory. Investments in the project exceeded $150 million. In order to install software as well as test dust-exhaust system Italian specialists have arrived at the enterprise. The software…
DetailsEnergomashspetsstal has produced and commissioned a solid cast mold for ingots with the weight of 290 tons. The weight of the mold itself is 144 tons. “Previously we cast such ingots into a mold consisting of two parts”, the company reported. Another novelty this year is the development and implementation of an innovative structure of…
Details