Prices of precious metals increased in Azerbaijan on October 16, according to the data published by the country’s Central Bank. The price of gold grew by 6.5875 manats, to 2,084.217 manats per ounce on October 16 compared to the price on October 15. The price of silver went up by 0.0557 manats, to 24.94 manats…Details
In just one week there appeared 3 announcements on the start of bankruptcy procedures of Svetlinsky Ferronickel Works. Three claimants are EnergosbyT Plus Company, Absolut Bank and an individual. The combined volume of claims is 48 million rubles. The situation at the works worsened in spring, when the experiment to commission the newest energy saving…Details
In January-September Belarus Iron and Steel Works sold $1.136 billion worth of metal. This is almost on par with the whole last year level. Exports reached 1.5 million tons valued at $941 million, up by 9.2% and by 35.5% YoY respectively. In 9 months the company produced 1.8 million tons of steel, 1.56 million tons…Details
Navoi Mining and Metallurgical Combine has commissioned a new site to produce rare and rare-earth metals. The company occupies the 7th place in the world in uranium mining and uranium oxide concentrate production. The uranium concentrate is the main product of the ore group No. 5, where a new site has been commissioned. It will…Details
Rosselkhozbank has provided a loan to the Abinsky Electrometallurgical Works LLC, the largest metal company in Southern Russia. With the help of the loan, the company has modernized and increased its capacities, as well as infrastructure. Until the end of the year AEMZ will commission a metal wares shop, which will create additional jobs. The…Details
None of the large diameter pipe suppliers attended the Gazprom tender to supply pipes for the Kovykta-Chayanda site of the Sila Sibiri (Power of Siberia) pipeline to China. In mid-September Gazprom komplektatsia LLC announced 5 purchases of 601.904 thousand tons of LDP for the expected amount of 47.415 billion rubles. The pipes had to be…Details
As of October 1, the Daksib LLC alluvial gold output in Irkutsk region totaled 160.6 kg, down by 26.3% YoY. As of October 1, 2017 the company washed 217.9 kg of gold. Last year the output totaled 232.6 kg. This year the company intends to extract 265 kg of gold. Daksib owns 4 licenses in…Details
In January-August Severstal Distribution increased sales to Serwistal (Poland) by 70% YoY. The company supplies hot-rolled flat metal, as well as galvanized and polymer-coated rolled metal. The metal is then processed into sheets and strips. “We have been cooperating with Serwistal since 2010, but it is now that we have considerably increased our sales due…Details
In 2018 Yekaterinburg Non-Ferrous Metals Processing Works kept on expanding its geography of exports. This year the company has entered the new markets in Europe and Southeastern Asia, having started deliveries to Spain (products for medicine industry) and Thailand (standard silver samples). Thus, the EZOTsM exports geography has expanded to 33 countries. In 2015 the…Details
Elgaugol LLC has commissioned a weighing control unit.
The unit is used to weigh loaded trucks.
The premises of the weighing unit are fully automated: all the information is shown on the screen and is then saved.
The new unit will improve the speed and the precision of the truck weighing. (Ukrainian metal)
In November Ukraine is expected to produce 1.8 million tons of steel and pig iron each, as well as 1.6 million tons of rolled metal. As of October 10, 20 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 7 out of 15 electric arc furnaces and all…Details
The militants of the so-called Donetsk People’s Republic, a terrorist organization created and supported by Russia, have transferred the Dokuchaevsk Flux-Dolomite Complex, once a part of SCM, to Vneshtorgservice, a company linked to the fugitive oligarch and the accountant of the Yanukovich family – Sergey Kurchenko. The transfer has to do with the fact, that,…Details
Two locomotives collided at the Annovsky quarry of the Severniy Mining and Processing Works.
The accident resulted in 3 dead and 1 wounded.
All of them were SevGOK employees.
The Annovsky quarry output is 10 million tons of ore per year. (Ukrainian metal)
Austria’s RHI Magnesita may invest 250-300 million euros in a magnesite field and construction of an electro-cast magnesium plant in Russia’s Krasnoyarsk region, the region’s government said in a statement on October 16 following a meeting of the governor Alexander Uss with representatives of the Austrian company. “RHI Magnesita is considering investing about 250-300 million…Details
In September steel output in Kazakhstan dropped by 15.2% YoY, to 0.309 million tons. In January-September the output fell by 2%, to 3.3369 million tons. Ferroalloys manufacture in September was 0.176 million tons and in 9 months – 1.535 million tons, up by 9.6% and by 6.5% YoY respectively. In September metal companies produced 0.188…Details
In January-September Kazakhstan’s production of raw gold and semi-processed gold, or in powder form, increased by 12.9% YoY and amounted to 71,361 kg, the Statistics Committee of the Kazakh Ministry of National Economy reported. In the accounting period, the production of raw silver and semi-processed silver, or in powder form, reached 711,280 kg, down by…Details
Azerbaijan Industrial Corporation (AIC) OJSC is preparing a strategy to expand aluminum production, the general director of the AIC Kamran Nabizade declared. “Presently, the Ganja aluminum plant, which is on our balance sheet, produces 50,000-55,000 tons of aluminum products annually, mainly aluminum ingots and sheets. A new strategy is being prepared to increase the range…Details
The gold production of Russia’s Polyus increased by 15% QoQ, to 691,200 ounces in July-September, the company said in a statement on October 16.
In January-September the output rose by 14% YoY, to 1.8 million ounces.
Sales amounted to $2.112 billion at the average price of $1.275 per ounce. (Prime/Ukrainian metal)
The Russian government has allowed the TEMI Company, a part of Petropavlovsk, to mine for ore gold at the subsoil site, which includes Elginskoye field in Amur region. The company discovered the Elginskoye ore gold deposits in February 2017. The C1+C2 reserves are estimated at 72 tons of gold, 14 tons of silver and 56235…Details
In September Evraz ZSMK sold 323 thousand tons of metal, down by 39% YoY.
According to the railroad statistics, in 9 months sales grew by 4.1% YoY, to 4.78 million tons.
Deliveries to Russian customers reached 1.47 million tons, down by 6.2% YoY, while exports grew by 9.4%, to 3.31 million tons. (Ukrainian metal)
In September Cherepovets Iron and Steel Works sales totaled 520.7 thousand tons, down by 2.7% YoY.
According to the customs statistics, in January-September sales reached 5.97 million tons, up by 4.6% YoY.
Deliveries to Russian customers dropped by 0.5% YoY, to 4.1 million tons, while exports grew by 17.8%, to 1.87 million tons. (Ukrainian metal)
In September sales of MMK rolled steel to local customers and abroad totaled 896.1 thousand tons, down by 7.8% YoY. According to the railroad statistics, in 9 months sales reached 8.05 million tons, up by 0.01% YoY. Russian customers received 5.26 million tons, up by 6.4%, while exports dropped by 10.1%, to 2.79 million tons.…Details
In January-September Izhstal produced 328 thousand tons of metal, up by 3% YoY.
The largest increase was in the manufacture of bars and steel sections – 9% and 19% respectively.
Deliveries to machine-building companies grew by 23%, and they accounted for 25% of all sales.
The share of car manufacturers was 17%. (Ukrainian metal)
In January-September Khabarovsk region extracted 19176 kg of gold, up by 8.4% YoY.
Alluvial gold accounted for 3907 kg and ore gold – 15268 kg, up by 2.8% and by 9.9% respectively.
Silver output dropped by 4.8%, to 44.687 tons. (Ukrainian metal)
As of September 1, Magadan region has yielded 29772.2 kg of gold, up by 3.9 tons YoY. Tenkinskiy city district provided 10066.8 kg of ore gold. Susuman district was the leader in alluvial gold output – 6356.1 kg. The main silver-yielding district was Omsuckchansky – 427.9 tons. The total silver output is 538.3 tons. (Ukrainian…Details
In January-September the gold-extracting companies operating in Chukotka yielded 19.06 million tons of gold, including 2.5 tons of alluvial and 16.56 tons of ore gold. This is down by 4% YoY, including by 4% for alluvial gold, but up by 10% for ore gold. Silver output dropped by 13%, to 86.6 tons. In January-September 2017…Details