Almalyk Mining and Processing Works, using new technique, has obtained palladium. Previously the works was obtaining palladium powder. The technique, consisting of 52 steps and lasting for 70 hours, allowed obtaining less than 1 kg of palladium per month. Last year the enterprise started studying obtaining palladium from the electrolyte solution as well as refined…
DetailsThe State Expertise Service has approved the project to develop the ore zone No. 1 of the gold-silver deposit Dvoynoye. The site is situated in Chukotka and will be developed by Severnoye zoloto LLC, a part of Kinross Gold. The company intends to mine 230 thousand tons of ore per year at the site. The…
DetailsIn 2018 Yakutia became one of the three largest gold extractors in Russia. The output has reached 29.5 tons, up by 20% YoY. Aldansky district yielded 12.75 tons of gold. The Sakha Gold Mining extracted 17.4 thousand ounces of alluvial gold last year. Polyus Aldan mined 6.209 tons of gold. (Ukrainian metal)
DetailsFollowing prospecting works in 2018, DVGK LLC intends to increase the gold reserves in the central part of Bolotistoye deposit by some 13 tons. When the reserves are approved, the company will start prospecting at other sites, as well as searching for an investor to construct a mining and processing works. Taking into account the…
DetailsOn February 22 the Eurasian Economic Commission considered a number of integration, trade, as well as customs and technical regulation issues. One of the decisions was the zeroing of the customs duties on some of grafitized electrodes. At present the duty is 5%. The 0% duty is applied till April 30, 2020. (Ukrainian metal)
DetailsIn January Ukraine exported $48.728 million worth of steel pipes, down by 9.1% YoY. Imports grew by 54.1%, to $19.118 million. According to the State Fiscal Service, in January exports dropped by 13.6% MoM, while imports – by 2.3%, to $0.454 million. USA imported the most pipes – $11.852 million. (Ukrainian metal)
DetailsThe prices of precious metals increased in Azerbaijan on February 25. The price of gold grew by 10.7355 manats, to 2,262.5895 manats per ounce compared to the price on February 22. The price of silver went up by 0.2537 manats, to 27.1554 manats per ounce. The price of platinum increased by 39.423 manats, to 1,444.0820…
DetailsIn 2018 metal products accounted for 24.6% of the total volume of exports. According to the Ministry of economical development and trade, metal exports grew by 14.9% YoY, to $11.6 billion. Metal industry provided for the second largest contribution to exports after agriculture. The share of agriculture products in the exports was 39.3%, or $18.6…
DetailsIn 2018 Zaporozhkoks, under a program to increase energy efficiency, decreased consumption of the main resources – gas, steam and electricity – at the same time retaining output volumes. This allowed the enterprise saving some 41 million UAH. At the same time the blast furnace coke output volumes remained unchanged – 825 thousand tons. (Ukrainian…
DetailsIn January the Far Eastern Railroad transported 1.5 million tons of coal, down by 12% YoY. Last year coal transportation dropped by 5.5%, to 17.8 million tons. At the same time iron ore concentrate transportation grew by 88.9%, to 60 thousand tons. In the whole 2018, 664 thousand tons of concentrate were transported, up by…
DetailsOMZ-Spetsstal has concluded an agreement to supply pipe billets to the Pipe Metal Company. The billets will be used to produce corrosion-resistant casing pipes for Gazprom. The companies have been cooperating since 2016. In 2018 OMZ-Spetsstal received a certificate enabling it to supply metal to TMK. Last autumn the company shipped some 800 tons of…
DetailsIn 2018 Belarus increased the exports of anthracite coal to Ukraine 340-fold, and ordinary coal – 980-fold. Belarus has no coal deposits of its own. Coal re-exports last year totaled 853.9 thousand tons valued at $74.9 million. Ukraine accounted for 588.5 thousand tons (0.6 thousand tons in 2017) at $50.3 million ($63 million), and EU…
DetailsIn January Russia produced 882 thousand tons of pipes, down by 7.7% YoY and by 10.7% MoM. According to the Rosstat, rolled metal output decreased by 4.5% MoM, but was on par with January 2018 – 5.1 million tons. Russia produced 4.4 million tons of pig iron, down by 4% YoY and by 1.4% MoM.…
DetailsIn January the Novosibirsk subsidiary of the First Cargo Company increased the ferrous metals transportation 1.7-fold YoY, to 38 thousand tons. “The positive dynamics is due to the consumption growth on the domestic market and high demand from North-Eastern Africa and the Near East”, the subsidiary director Yevgeniy Dolzhenko said. Ferrous rolled metal transportation grew…
DetailsIn 2018 KAZ Minerals profit increased by 14% YoY, to $510 million, thanks to the growth of copper output and sales. Revenue grew by 30%, to $2.16 billion. EBITDA went up from $580 million to $642 million. Copper output increased by 16%, to 296 thousand tons. (Ukrainian metal)
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