France’s Air Liquide has started construction of a 130-million euro industrial gases plant that would supply oxygen, nitrogen, and argon to a plant of U.K.-based mining giant Evraz, which operates mainly in Russia, in the Kemerovo region. The plant will comprise two air separation units, and will be launched in 2021. It should raise power…
DetailsIn January-June Ukraine manufactured 5.189 million tons of metallurgical coke, down by 3.3% YoY. In particular, in June plants produced 769 thousand tons of coke and in May – 917 thousand tons. The decrease in manufacture is due to the drop of coking coal supplies from Russia. Moreover, some metal works shut down their capacities…
DetailsSome 2 thousand tons of liquid pig iron has been spilt at the Azovstal Iron and Steel Works. A hole has been burned down in the mixer No. 1 of the converter shop. There were no injured. (Ukrainian metal)
DetailsIn May Russia exported 257 thousand tons of raw aluminum, down by 34% MoM and by 25.4% YoY. In January-May exports decreased by 29% YoY, to 1.5 million tons. In monetary terms since the start of the year the exports have dropped by 23.6%. Export prices in May fell by 5.7% MoM, to $1.7 per…
DetailsZoloto Timptona LLC, developing alluvial gold sites in the Republic of Sakha (Yakutia), intends this season to obtain 60 kg of the precious metal. The Utanakh and Berezoviy brooks will yield 35 kg of gold. This year the company will also start developing deposits at the Troitskiy and Innokentievskiy sites. Zoloto Timptona is developing the…
DetailsAs of July 1 Retkon has extracted 173.5 kg of alluvial gold in the Irkutsk region, down by 25% YoY. This year the company intends to extract some 550 kg of gold. Thus, so far the output plan has been 32% fulfilled. Last year the company extracted 600 kg of alluvial gold. Retkon owns 15…
DetailsYakovlevsky Mining and Processing Works has mined 10-millionth ton of iron ore. The enterprises management believes that in the medium-term it will be able to mine 10 million tons a year. In particular, the development strategy presupposes the increase in mining 5-fold, to 5 million tons per year in 2017-2023. 20 billion rubles will be…
DetailsIn April-June Beloretsk Iron and Steel Works increased sales QoQ. In particular, sales of welding wire used in the manufacture of electrodes, and steel shaped sections for car fasteners grew 2- and 1.7-fold respectively. The sales of rebar mesh and nails went up by 47% and by 35%. The company has also increased the sales…
DetailsIn January-June throughput of Russian seaports grew by 2.8% YoY, to 409 million tons. Ferrous metals accounted for 14 million tons, down by 9.8%. In particular, Ust-Luga transshipped 46.2 thousand tons of ferrous metals, down by 52%. The Port of St. Petersburg decreased metal throughput by 18%, while Taganrog increased by 27%, to 56 thousand…
DetailsRussian steelmaker Novolipetsk Steel (NLMK) reduced its production of steel by 5% QoQ, to 3.992 million tons in April-June because of overhaul works at the blast furnace and basic oxygen furnace facilities, the company said in a statement on July 15. Loading fell to 96% from 98%, and consolidated sales shrank by 7%, to 5.268…
DetailsLast week, the price of one ounce of gold increased by 13.6595 manats or by 0.6%. Accordingly, the average price of one ounce of gold stood at 2,387.2233 manats. The price of one ounce of silver went up by 0.1804 manats or by 0.7%, to 25.707 manats. The price of one ounce of platinum grew…
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