Precious metal prices increased in Azerbaijan on December 13, according to the data published by the Central Bank. The price of gold grew by 0.5865 manats, to 2,116.007 manats per ounce on December 13 compared to the price on December 12. The price of silver went up by 0.224 manats, to 25.0689 manats per ounce.…Details
The board of directors of U.K. Highland Gold Mining (HGM), which operates in Russia, has approved payment of 0.05 British pounds per share in dividends for July-December, the company said in a statement on December 13. The shareholder register for dividends will close on December 21 and the dividend payment date is January 25, 2019.…Details
As a part of the international exhibition of equipment and technologies for urban and industrial emissions, dust and gas cleaning – Waste Air & Gas Management 2018 – Director of the Environmental Protection Department of PJSC ArcelorMittal Kriviy Rih, Liana Maksimenko, shared her experience of implementation of the environmental monitoring systems at the company. It…Details
The Eurasian Economic Commission has prolonged for 5 years the antidumping duty on cold-deformed seamless pipes of stainless steel manufactured in China and imported from China and Malaysia. The size of the duty is 19.15%. Initially the duty was set on Chinese pipes only. But following the investigation in 2017, it was found out that…Details
The Russian Register certification association has carried out a scheduled inspection of three Uralelectromed management systems – environment, energy and labor and industrial safety. The experts have positively assessed the company operation and confirmed the correspondence of the systems to ISO 14001, ISO 50001 and OHSAS 18001 respectively. Last year the company environment management system…Details
In early December Cherepovets Iron and Steel Works produced 250-millionth ton of steel. “Since the first smelting in 1980 our plant has been increasing converter steel output. The first 100 million tons were produced in 22 years, and the second – twice faster – in 11 years. We’ve managed to manufacture another 50 million tons…Details
Evraz has commissioned a new long face No. 50-20 at the Uskovskaya mine. The reserves of the long face are over 1.9 million tons of coking coal. This is the first long face in the western wing. The company will be developing the wing until 2020. They intend to mine at least 5 million tons…Details
Kuzbassrazrezugol and Beijing CATIC Industry Limited have signed a memorandum of cooperation in carrying out projects in Kemerovo region. In particular, the coal company intends to buy mining and processing machinery valued at $70 million from China. According to the memorandum, the company will consider purchasing two WK-35 excavators, as well as processing machines within…Details
Nazarovsky Pit, a part of SUEK, has reached the output target for 2018 in advance, having extracted 3.25 million tons of coal. Until the end of the year the company intends to mine some 250 thousand tons more, thus reaching the annual output of 3.5 million tons of coal. The Pit has become the fourth…Details
In January-November Ukrainian ports increased cargo handling by 0.6% YoY, to 121.5 million tons. According to the Administration of Seaports, handling of metal products grew by 11%, or by 1.45 million tons. Exports increased by 10 million tons, to 88.8 million tons, while imports grew by 2.6 million tons, to 21.5 million tons. In particular,…Details
In November Corum Group signed an agreement with ViruKeemiaGrupp (VKG, Estonia) for the delivery of 8 electric substations. According to the company statement, the substations will be delivered to the Oyamaa mine, which extracts slate coal. “The substations have been modified according to the needs of the customer”, the group noted. The substations will be…Details
Gold prices decreased in Azerbaijan on December 12, while silver, platinum and palladium prices increased. The price of gold dropped by 3.842 manats, to 2,115.4205 manats per ounce on December 12 compared to the price on December 11. The price of silver grew by 0.0245 manats, to 24.8449 manats per ounce. The price of palladium…Details
The aluminum casting works RosALit has passed the technological audit of the spare parts manufacture organized by the Russian representatives of the Volvo Group. In December the company will supply the first batch of its own spare parts – transmission case covers – for Volvo trucks to the plant in the city of Kaluga. The…Details
Energomashspetsstal continues its cooperation with ArcelorMittal Temirtau (Kazakhstan). Under a previously concluded contract the company has shipped another batch of back-up rolls. The batch included 10 bulk rolls for cold- and hot-rolling mills. The total weight of the batch was 306 tons. This month 250 tons more will be shipped to AMT. In January EMSS…Details
UralKuz has started selling bulk forgings made of 50-ton ingots. Such products are in high demand in machine-building. This year some 1500 tons of such forgings have already been sold. The ingots are supplied by Chelyabinsk Iron and Steel Works. The new forgings are used by Mechel enterprises, as well as supplied abroad – to…Details
In 2018 Ruspolymet has doubled its exports, to 2 billion rubles.
Next year the company intends to further increased exports by 1 billion rubles.
At present the company exports rings and heat-resistant steel forgings.
By 2024 Ruspolymet expects to have increased its exports to 6 billion rubles annually. (Ukrainian metal)
The volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles.
3 thousand jobs will be created.
The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)
The shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved payment of 2.114 rubles per share in dividends for January-September, the company said in a statement on December 12. The shareholder register for dividends is to close on December 18. MMK paid 1.589 rubles per share in dividends for April-June, 0.801 rubles per share…Details
In January-October Russia exported 161.2 million tons of coal up by 10.3% YoY. In October coal exports dropped by 23.3% MoM, to 14.8 million tons. Revenue from coal exports in 10 months increased by 25.5%, to $13.7 billion. According to the Federal Customs Service, coke exports in 10 months decreased by 9.6% YoY, to 9.6…Details
In January-November the volume of industrial output in Kazakhstan increased by 4.5% YoY, including by 4.7% in mining.
Iron ore mining grew by 7.3% due to the increase in the output at Sokolovsko-Sarbaysky Mining and Processing Works.
Non-ferrous ores output increased by 3.9%. (Ukrainian metal)
Severstal Steel Ropes has registered a new trademark – Triniks. The mark will be applied to products used in cargo and passenger cable roads. The name of the trademark is comprised of the part of the Latin word trinus (journey) and nix (snow, with changed letters). “The industry of ski sports and extreme attractions is…Details
In 2018 Yekaterinburg Non-Ferrous Metals Processing Works has continued increasing the geography of sales. This year the company has entered the new markets in Europe and South-Eastern Asia, including Spain (products for medical industry) and Thailand (standard silver samples). Thus, the geography of exports has expanded to 33 countries. The company has also been making…Details
Raspadskaya mine extracted 806 thousand tons of coal in November, up from the target of 684 thousand tons.
This is the best monthly result among Raspadskaya Coal Company enterprises.
This is also the highest result for the past 8 years.
The mine is managed by the Raspadskaya Coal Company and extracts coking coal. (Ukrainian metal)