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Magadan region, Gazprombank and RusHydro will help Pavlik construct the second stage of Pavlik Mining and Processing Works, which will increase ore processing to 10 million tons per year. At present the company capacity is around 4 million tons of ore (8 tons of gold) per year. When the second stage of the plant is…
DetailsA new machine to control the inner diameter of the casing pipes has been commissioned at the Seversk Pipe Works. The machine has been developed and produced by the company laboratory specialists. This is the third such machine at the pipe shop No. 1. They control the quality of all casing pipes produced at the…
DetailsIn August the shop of steel formed section of Severstal-Metiz set another record having made 8,960 pressings with the pressure of 2 thousand tons. In particular, tool manufacture reached 1 thousand pieces. “In 2017 we carried out a large-scale reconstruction of press equipment and renewed our manufacturing park of the tool shop. This helped us…
DetailsIn June Russia exported 25.7 tons of long-rolled nickel products, down by 3.3% MoM and by 38.5% YoY. Exports to Hungary are growing, reaching 14.3 tons in June, up 2-fold MoM. At the same time deliveries to Ukraine fell 2-fold, to 1.7 tons, and to Latvia – to 2.3 tons. In 6 months exports totaled…
DetailsLast week the price of one ounce of gold decreased by 11.4495 manats or by 0.4%. Accordingly, the average price of one ounce of gold stood at 2,603.1114 manats. The price of one ounce of silver increased by 0.2987 manats or by 0.9%, to 32.0191 manats. The price of one ounce of platinum went up…
DetailsIn June Russia imported 486 tons of ferroniobium, up by 204% MoM and by 6.2% YoY. Deliveries from Brazil grew 3-fold, to 474 tons, and 12 tons were supplied from Canada. In H1 ferroniobium imports totaled 2 thousand tons, down by 15.4% YoY. In monetary terms since the start of the year the exports have…
DetailsIn January-August Irkutsk region extracted 16,118 kg of gold, up by 1% YoY. Ore gold companies accounted for the most output – 9,437 kg, up by 1.7% YoY. In particular, Polyus Verninskoye produced 5,341 kg, while Vysochaishiy and its daughter company Ugakhan – 3,346 kg. Druze LLC extracted the least gold – 750 kg. Alluvial…
DetailsChelyabinsk Iron and Steel Works and Mechel-Koks have switched to a special mode of operation to decrease pollution during unfavorable weather conditions. ChMK has shut down a part of its machinery, and decreased output in a number of shops, as well as considerably reduced the gas usage at the operating machinery. Mechel-Koks is also working…
DetailsIn January-August Ukraine imported 12.98 million tons of coal, down by 8.3% YoY, valued at $1.83 billion, down by 7.5%. According to the State Fiscal Service, Russia supplied $1.09 billion worth of coal (or 59.81%), USA – $596.65 million (32.63%), Kazakhstan – $85.54 million (4.68%) and other countries – $52.64 million (2.88%). At the same…
DetailsNucor Corporation announced that Mr John J Ferriola 67 will retire as Chairman and Chief Executive Officer on December 31, 2019 and that the Board of Directors elected Mr Leon J Topalian, 51, to be President and Chief Operating Officer, effective September 5, 2019, and to succeed Mr. Ferriola as CEO on January 1, 2020,…
DetailsBase metals prices on the Shanghai Futures Exchange were broadly down during morning trading on Monday September 9 with weak data from the United States and China last week weighing on the complex. US job growth slowed more than expected in August, with data released on Friday showing total non-farm employment rising by 130,000 –…
DetailsAs of September 1, the Beltrame Group has appointed Mr Alain Creteur as the new Managing Director of Stahl Gerlafingen. He takes over all offices and functions of René Bollier. He has led Stahl Gerlafingen interim for the past 18 months as Managing Director. Mr Alain Creteur is 49 years old, of Italian-Belgian descent and…
DetailsHere are five Fastmarkets MB stories you might have missed on Friday September 6 that are worth another look. There was an air of optimism among copper participants attending a conference in the Chinese city of Qiqihar on Thursday September 5, with many there telling Fastmarkets they had heard deals and offers for copper cathode…
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