The prices of precious metals increased in Azerbaijan on August 28, according to the data published by the Central Bank. The price of gold went up by 4.913 manats, to 2,056.439 manats per ounce on August 28, compared to the price on August 27. The price of silver grew by 0.0469 manats, to 25.2991 manats…Details
The net profit of Russia’s gold producer GV Gold fell by 9.5% YoY, to $19 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said. Revenue soared by 70%, to $146 million. Operating profit grew by 52%, to $43 million. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased by…Details
Coal reserves of Russia are estimated at 200 billion tons, or 5.5% of the world total. Magadan region has four major coal territories: Arkagalinskaya, Omsukchanskaya, Omolonskaya and Okhotskaya. Three companies mine for coal in the region: Kolyma Coal Company LLC, Association of Business Partnership LLC and North-Eastern Coal Company LLC. Last year Kolyma Coal Company…Details
The blast furnace No. 4 of Cherepovets Iron and Steel Works has produced the 85-millionth ton of pig iron. This is the second largest blast furnace in Severstal volume-wise. The furnace was first blown on March 27, 1969. The first pig iron was produced on March 29, 1969. The volume of the furnace is 2.7…Details
In January-June, according to the railroad statistics, steel supplies for the construction of the Sila Sibiri (Power of Siberia) gas pipeline totaled 100.7 thousand tons, down by 28% YoY, by 61% from 2016 and by 35% from 2015. Steel pipes constituted the main part of the deliveries (87%), with large diameter pipes accounting for 6%,…Details
In January-July Ukraine exported 9.01 million tons of rolled metal, up by 6.1% YoY. 83.8% of the rolled metal produced was exported. The share of semi-finished products in exports grew to 44.52% from 40.78% last year. The share of the flat rolled metal was 34.05% against 34.44%, and of bars – 21.43% against 24.78%. The…Details
In January-July rolled metal consumption on the domestic market grew by 5.27% YoY, to 2399.5 thousand tons. At the same time imports increased by 13.03%, to 785.9 thousand tons. Ukrainian companies supplied some 1.74 million tons of metal to the domestic market, up by 36 thousand tons. The share of flat rolled metal in the…Details
Avdiivka Coke and Chemical Works has reached the pre-war output levels. “All the shops are operating. The company has started employing engineers”, the President of Ukraine Petr Poroshenko declared. He added that people believed in the Ukraine authorities providing for free life in Avdiivka. “Avdiivka has also become a symbol of Ukrainian stability, efficiency and…Details
In January-July Amur Zoloto LLC, extracting gold on the territory of Khabarovsk region, produced 789.5 kg of gold. In particular, the Yubileyniy GOK at the Krasivoye deposits produced 44.4 thousand tons of ore gold, with Yubileynaya factory processing 59.3 thousand tons of ore and producing 538.6 kg of gold and 333.9 kg of silver. Perevalnaya…Details
The Shakhta Ugolnaya Company, mining coal in Chukotka Autonomous District, has joined the Beringovsky area of advanced development. Within the area, the company will modernize its capacities and in 3 years acquire new machinery – a belt conveyer, a combine, winches and other equipment. The total volume of investments will reach 250 million rubles. The…Details
In January-June Raspadskaya sold 391 thousand tons of coking coal to Evraz Ukraine companies, up by 69% YoY. Evraz share in Raspadskaya sales grew to 11% from 7% last year. All in all in 6 months the company sold 4.382 million tons of coal and coal concentrate, up by 22% YoY, with 2.488 million tons…Details
The prices of precious metals increased on August 27, according to the data published by the Central Bank. The price of gold increased by 31.824 manats, to 2051.526 manats per ounce on August 27, compared to the price on August 24. The price of silver grew by 0.4952 manats, to 25.2522 manats per ounce. The…Details
The repair service of Kosaya Gora Iron and Steel Works has started a new project – creating an additional site to stock products. The decision has been taken due to the warehouses of the blast furnace shop being not enough. The project will allow the company guaranteeing the fulfillment of orders in time. The company…Details
Electrocable has supplied 70 km of cable for the construction of the second stage of UGMK-Agro greenhouse complexes. The total volume of deliveries, including for the first stage, reached 400 km. The construction of the first stage ended in 2017. The second 5-generation greenhouse with the area of 6.8 ha will have been commissioned by…Details
The Volgograd-based Krasniy Octyabr is carrying out the program of technical revamping.
The next step is the assembly of boiler houses.
So far subcontractors have prepared foundation for 4 mini-boiler houses. The foundation for 2 more is under construction.
Viessmann Group will supply the machinery. (Ukrainian metal)
The price of one ounce of gold increased by 3.621 manats or by 0.1796% last week, to 2022.385167 manats. The price of one ounce of silver decreased by 0.361 manats or by 1.4372%, to 25.01767 manats. The price of one ounce of platinum decreased by 15.4785 manats or by 1.1519%, to 1343.92083 manats. And the…Details
Since the start of the year Silver Bear Resources Plc has sold 3.3 tons (118.3 thousand ounces) of silver extracted within the Mangazey project in Yakutia. In March-June the company produced 1822 kg (64.287 thousand ounces) of silver in powder form. In June Prognoz, controlled by Silver Bear Resources, produced some 1000 kg of silver…Details
The board of directors of the gold-extracting company Poluys has recommended the extraordinary general meeting of the shareholders to pay dividends for January-June in the amount of 131.11 rubles per ordinary share. The total amount of dividends to be paid reached 17.35 billion rubles ($253.2 million), or 30% of the EBITDA. In H1 the company…Details
According to the state enterprise Ukrpromvneshexpertiza, in September, scrap stocks of metal companies will decreased by 11.11% MoM, or by 10 thousand tons, to 80 thousand tons. At the same time in October scrap stocks will grow by 18.75% MoM, or by 15 thousand tons, to 95 thousand tons. As of mid-August scrap stocks at…Details
In July railroad deliveries of metal to the major oil and gas enterprises totaled 298 thousand tons, down by 22% YoY.
In January-July deliveries dropped by 10.7% YoY, to 2.5 million tons.
According to the railroad statistics, this is the lowest result in the past 9 years. (Ukrainian metal)
Electrozinc has started assembling new machinery in the leaching shop. The modernization of the site with the assembly of two large ball mills and construction of a new division of neutral leaching is carried out under the program of development in 2018-2022. “The project will provide for the decrease of zinc dust usage to clean…Details
The Uralskaya Kuznitsa Works has successfully passed the re-certification audit of the quality management system correspondence to ISO 9001:2015. The audit has been carried out by TUV Rheinland. The company specialists have checked the forge-press and mechanical shops, and talked to the employees. As a result of the inspection, the quality management system has been…Details
Metalloinvest has started implementing the technique of fine screening at Mikhailovsky Mining and Processing Works. The use of new Derrick screens will improve the quality of the concentrate by increasing iron contents from 65% to 67%, while decreasing the content of silicon dioxide. Investments in the project by the end of 2022 are estimated at…Details
The net profit of the Russian coal producer Raspadskaya rose by 34% YoY, to $225 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on August 24. Revenue went up by 23%, to $542 million in the period, and gross profit grew by 27%, to $306 million.…Details
International rating agency Fitch has affirmed a long-term issuer default rating and senior unsecured ratings of Russian metals holding Metalloinvest at BB, and revised the outlook on ratings to Positive from Stable, the agency said in a statement late on August 23. “The outlook revision reflects continued financial improvement, recovery on the global iron ore…Details
The prices of precious metals, except for palladium, decreased on August 24, according to the data published by the Central Bank. The price of gold decreased by 11.6705 manats, to 2,019.702 manats per ounce on August 24 compared to the price on August 21. No prices of precious metals were set on August 22 and…Details