A large-scale meeting on the results of 2018 was held at the head office of AzerGold CJSC. Opening the meeting, Chairman of the Board of AzerGold CJSC Zakir Ibrahimov spoke about the reforms carried out under the leadership of Azerbaijani President Ilham Aliyev and the development of the non-oil sector. He noted that the economic…
DetailsThe Transneft-Sibir CEO Victor Bronnikov has shown the governor of the Tyumen region Alexander Moor the site of the future complex of the Tyumen Repair-Mechanical Works. The expansion of the manufacture includes the construction of the welding and assembly shop, warehouses and infrastructure objects. The construction began in April 2018. The new complex will be…
DetailsIn January Zaporizhstal decreased steel output by 2.5% YoY, to 354.1 thousand tons. According to the company press-service, pig iron manufacture dropped by 6.1%, to 369.9 thousand tons, and rolled metal – by 4.1%, to 289.9 thousand tons. Last year Zaporizhstal produced 4.105 million tons of steel, 4.386 million tons of pig iron and 3.537…
DetailsIn 2018 DTEK Energo invested 8.4 billion UAH in the development of the Ukrainian coal mining industry and switching its heat and power plants to consuming local coal. In particular, investments in coal mining totaled 4.8 billion UAH. This allowed commissioning 36 new long faces, mining 24.132 million tons of coal, up by 5.3% YoY.…
DetailsIn January Ukraine produced 1.817 million tons of steel, down by 3.6% MoM. Pig iron manufacture dropped by 4.4%, to 1.752 million tons. At the same time rolled metal output grew by 3%, to 1.566 million tons. As compared to January 2018, pig iron manufacture decreased by 11.5%, steel – by 6.5% and rolled metal…
DetailsIn December 2018 Russia produced 4.175 million tons of pig iron, down by 9.3% YoY (4.04 million tons in November 2018). In the whole 2018 year pig iron output dropped by 1.6% YoY, to 51.2 million tons. Ukraine, no longer a part of CIS, decreased pig iron output in December 2018 by 3%, to 1.832…
DetailsFerrexpo plc, controlling PGOK and EGOK, expects to reach $500 million of EBITDA in 2018. The group plans to announce its 2018 financial results on March 20. In 2017 Ferrexpo net profit grew 2.1-fold YoY, to $394.47 million, with revenue up by 21.4%, to $1.197 million. EBITDA increased by 46.9%, to $551 million. (Ukrainian metal)
DetailsIzhorsky Pipe Works has concluded an agreement with Gazprom Komplektatsia to supply 107.218 thousand tons of large diameter pipes valued at 8.186 billion rubles ($125 million). The pipes have to be delivered in October. The auction was held in late December 2018. ITZ had no competitors. (Ukrainian metal)
DetailsThe prices of precious metals varied in Azerbaijan on February 4. The price of gold decreased by 9.8685 manats, to 2,231.437 manats per ounce on February 4 compared to the price on February 1. The price of silver dropped by 0.2431 manats, to 26.8905 manats per ounce. At the same time the price of platinum…
DetailsThe price of one ounce of gold increased by 26.0015 manats or by 1.16% last week in Azerbaijan, to 2,230.1841 manats. The price of one ounce of silver grew by 0.2812 manats or by 1.04%, to 27.029 manats. The price of one ounce of platinum went up by 0.7395 manats or by 0.05%, to 1,390.226…
DetailsIn 2018 Ukraine decreased the output of semi-wrought gold by 61.5% YoY, to 5 kg. Unwrought silver (or powder) output also decreased – by 32.4%, to 1527 kg. Semi-wrought silver manufacture fell by 50.2%, to 495 kg. (Ukrainian metal)
DetailsEvraz is carrying out an investment project to develop the 29a coal bed at the Yesaulskaya mine with the reserves of over 10 million tons of coking coal. The mining is expected to start in Q1 2020. Investments total over 1.5 billion rubles. At present miners of the Yesaulskaya are developing the 26 coal bed.…
DetailsIn 2018 Amur Zoloto mined 1515 kg of gold in Khabarovsk region, up by 2% YoY. In particular, Yubileyniy GOK processed 105 thousand tons of ore and 11 tons of concentrate, producing 1120.4 tons of gold and 685.2 kg of silver. Brekchievaya quarry zone at the Perevalnoye deposit mined 245.4 thousand tons of ore, yielding…
DetailsIn December 2018 Russia produced 5.87 million tons of steel, down by 5.9% YoY (5.68 million tons in November 2018). In the whole year steel manufacture increased by 0.3% YoY, to 71.68 million tons. Ukraine, though no longer a part of CIS, decreased steel output in December 2018 by 0.6%, to 1.885 million tons (1.659…
DetailsEvraz Kachkanarsky GOK has pit into operation a new electric locomotive NP-1 with two diesel dump cars. The locomotive has been specifically designed for KGOK and has the higher speed of up to 65 km per hour. The length of the locomotive is 65 meters and the weight is 360 tons. (Ukrainian metal)
DetailsIn 2018 TMK Chermet sold over 2 million tons of scrap, flat YoY. The company share on the local market was 9.28%. At the same time the share of the regional enterprises in the total procurement grew from 40% to 45%. (Ukrainian metal)
DetailsGold, silver and palladium prices decreased in Azerbaijan. The price of gold dropped by 2.057 manats, to 2,241.3055 manats per ounce on February 1 compared to the price on January 31. The price of silver fell by 0.1234 manats, to 27.1336 manats per ounce. The price of platinum increased by 4.352 manats to 1,393.5920 manats.…
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