The prices of gold, silver, platinum increased, while the price of palladium decreased in Azerbaijan on May 4, according to the data published by the Central Bank. The cost of gold increased by 5.5675 manats, to 2231.5985 manats per troy ounce compared to the price on May 3. The cost of silver increased by 0.0462…Details
Ukraine: AMKR on the start of reconciliation procedures with the representatives of labor collective
The meeting of employer PJSC ArcelorMittal Kriviy Rih and the representatives of labor collective began on May 3 with a purpose to start reconciliation procedures. As of early May 4, it has already lasted for over 18 hours. The employer signed an agreement regarding the creation of reconciliation commission in order to settle collective labor…Details
In April 3 of Metinvest companies became the largest receivers of VAT: Azovstal, Mariupol Ilyich Iron and Steel Works and Zaporizhstal. According to the State Treasury of Ukraine, Azovstal was reimbursed 691.8 million UAH as opposed to 378 million UAH in March. Mariupol Ilyich Iron and Steel Works retained the second place (530.8 million UAH…Details
In April angle (63×6) prices in the Central region decreased by 15%, to 43 thousand rubles per ton. Price change on B1-30 beams totaled only 0.1%, to 54.5 thousand rubles. Flat galvanized rolled metal saw the highest increase in price – 4.05%, to 58 thousand tons per ton. It is followed by the hot-rolled sheet…Details
In April Uzmetkombinat produced the record-high volume of rolled metal – 94.5 thousand tons, including 27.7 million tons of milling balls.
The company is one of the largest metal enterprises in the country.
In January-April output totaled 336.9 thousand tons. (Ukrainian metal)
Highland Gold Mining Ltd has selected a company to design the processing factory at the Kekura deposits in Chukotka. According to the company statement, this is Spb-Gyproshakht LLC. This year HGM plans to start construction of infrastructure at the deposits. In 2019 Kekura will be connected to the grid. The JORC resources of the deposit…Details
In January-March Magadan region mined 223.3 thousand tons of coal, up 1.8-fold YoY.
Kolyma Coal Company LLC, developing the Verkhne-Arkagalinskoye deposits, has provided for 70% of the total volume.
In 2017 Magadan region coal enterprises decreased mining by 16.7% YoY, to 330.9 thousand tons. (Ukrainian metal)
In January-March the enterprises of GeoProMining LLC – Sarylakh-Surma and Zvezda – produced 4.7 thousand tons of 30% antimony concentrate in the Republic of Sakha (Yakutia), down by 4% YoY. According to the regional ministry of industry, this year the republic intends to produce 22.45 thousand tons of antimony concentrate. Last year 20.4 thousand tons…Details
Uchaly Mining and Processing Works has received a new Sandvik LH514 loader.
This is the third loader to arrive at the works in the past 3 years.
The cost of the machine exceeds 40 million rubles.
The lifting capacity of the loader is 14 tons. It will operate underground. (Ukrainian metal)
Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world.
In December 2015 Metinvest claimed having employed 94 thousand people.
Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)
In January-April Ukraine increased pig iron output by 9% YoY (including results of January-February 2017 at the uncontrolled territories of Donbass), to 6.89 million tons. Without the Russia-seized territories the output grew by 18%. Steel smelting dropped by 1% with seized territories, but increased by 5%, to 6.9 million tons without them. Rolled metal output…Details
Russian state geological exploration company Rosgeo plans to explore the Paramushir Island, one of the Kuril Islands, and the water area around it in the coming field season searching for mineral deposits, including gold, the Far Eastern department of the company said in a statement on May 4. The company plans to conduct the exploration…Details
Export of Russian coal in January-April increased by 5% YoY, to 59.657 million tons, the Ministry of Energy said.
In April coal exports totaled 15.347 million tons.
Coal mining in January-April amounted to 140.611 million tons of which 125.228 million tons were delivered. (PortNews/Ukrainian metal)
This year IRC Group intends to make its Kimkano-Sutarsky Mining and Processing Works reach its full capacity of 3.2 million tons of iron ore concentrate per year and start increasing the capacity to 4.5 million tons. Private investments in the project begun in 2016 have already exceeded 29 billion rubles. At present the company is…Details
The first pilot processing was carried out in spring of 2017. In a year the specialists of the Ridder Mining and Processing Works have mastered the technique to obtain concentrate from the Dolinnoye deposits ore. Since then the factory has assembled a Knelson centrifugal concentrator. The volumes of ore processing are expected to increase each…Details
Karabashmed is carrying out the modernization of its capacities. At present the foundation has been laid for the new Kumera converter with the capacity of 150 tons. The assembly of the machine will start in May, while commissioning is scheduled for Q3. The new converter will have gas purifying and exhauster equipment, which will both…Details
PJSC ArcelorMittal Kriviy Rih started hot testing of the new coke oven battery No. 5. Its operation will enable the company to minimize the volumes of coke purchased, which is at least twice more expensive than the one produced in-house. Kriviy Rih metallurgists started construction of COBs Nos. 5, 6 in 2013. First, the sixth…Details
In March exports totaled $3.7 billion, down by 4.1% YoY.
Metal exports growth slowed down to 14.2% despite high prices. Because of that pig iron share in exports increased.
Iron ore exports dropped by 9.3% YoY. (Ukrainian metal)
The prices of gold decreased, while the prices of silver, platinum and palladium increased in Azerbaijan on May 3, according to the data published by the Central Bank. The cost of gold decreased by 1.2495 manats, to 2226.031 manats per troy ounce compared to the price on May 2. The cost of silver increased by…Details
In 2017 VSMPO-Avisma net profit dropped 2-fold YoY, to 12.8 billion rubles.
Revenue decreased by 1.6%, to 87.98 billion rubles.
Gross profit dropped by 26%, to 32.2 billion rubles.
The company fixed liabilities grew 1.6-fold, to 96.6 billion rubles, while current liabilities fell by 27.1%, to 27.1 billion rubles. (Ukrainian metal)
In January-March Nizhny Novgorod region increased industrial output by 2.3% YoY.
In particular, metal manufacture demonstrated an increase of 19.2%, and that of metal wares – 10.9%.
Rolled metal output increased by 24.3%, while steel pipes, sections and fittings – by 17.3%. (Ukrainian metal)
In January-March the Republic of Sakha (Yakutia) mined 2.4 tons of gold, up by 27% YoY.
This year the region intends to obtain 25 tons of gold.
Silver mining in 3 months increased by 88% YoY, to 43.8 tons.
The goal for this year is 80 tons of silver. (Ukrainian metal)
As of April 30, Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has exported 7 million tons of coal since the start of the year. Last year this mark was reached on May 2. The 7-millionth ton was a part of cargo loaded onto the Roland Oldendorrf bulker. The vessel was…Details
Lermontovsky Mining and Processing Works has resumed manufacture of tungsten concentrate after almost a 3-month hold to assemble new machinery. LGOK has been experiencing problems with ore mining and sales since 2003. The mining was suspended in September 2008. In June 2013 a new LLC was created to carry out operations. In October 2016 LGOK…Details