Prices of precious metals decreased in Azerbaijan on May 30 compared to the prices of May 29. The price of gold dropped by 5.9925 manats, to 2,172.5065 manats per ounce. The price of silver fell by 0.0102 manats, to 24.4624 manats per ounce. The price of platinum went down by 11.458 manats, to 1,347.505 manats…Details
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Since the start of the year Beloretsk Iron and Steel Works has presented 14 new steel products to the market: wire, belt and ropes. Trial batches of new products have been shipped to the enterprises of the car, power, cable, electrode and mining industries. In particular, BMK has mastered the manufacture of improved-strength wire. Steel…Details
Metalloinvest is constructing a crushing and screening plant at the Mikhailovsky Mining and Processing Works. At present the company is assembling a crushing-loading machine. It will be transporting ore from the depth of 200 meters, crushing it to the 150 mm fraction and taking it to the conveyer. At the same time, construction of the…Details
Cherepovets Iron and Steel Works is finishing the disassembly of the slitting unit No. 11 in the metal treatment shop No. 3. Until January 2020, foundation will be laid for a new unit to cut wide rolled metal. Machinery will be supplied and assembled by Salico, Italy. The project is expected to be completed in…Details
ArcelorMittal Kriviy Rih has signed an agreement valued at almost $30 million with CISDI (China) to modernize its largest blast furnace No. 9. The Chinese company will design, supply and assemble the main machinery, as well as train the AMKR personnel. Last year a major accident occurred at the blast furnace. Since February 2018, the…Details
Central Mining and Processing Works together with the Krivoy Rog botanic garden is taking measures to reclaim spoil heaps. CGOK is planting cane at the tail dumps to prevent dust spreading. So far, the size of the plantings has reached 100 ha. This year it will grow by 50 ha more. In 2018 CGOK decreased…Details
Russia: NLMK, Ministry of Natural Resources, Federal Supervisory Natural Resources Management Service and Lipetsk region sign cooperation agreement
NLMK Group, the Ministry of Natural Resources and the Environment of the Russian Federation, the Federal Supervisory Natural Resources Management Service (Rosprirodnadzor) and the Administration of the Lipetsk region have signed a four-way Cooperation Agreement in sustainable development. The Agreement, which forms part of the National Ecology Project, was signed by Grigory Fedorishin, NLMK Group…Details
NLMK Group has started hot testing at its briquetting plant, a facility to manufacture metallurgical briquettes for use in blast furnace operations. The project will enable the production of feedstock from blast furnace by-products, and the recycling of previously accumulated waste. The production technology is NLMK’s in-house development. It was conceptualized by Ivan Kurunov, an…Details
Interpipe Niko Tube has passed the pre-qualification of the supplier to the major American distributor of pipe products Distribution NOW. Last year Tuboscope Vetco at the Distribution NOW request carried out a pre-qualification audit of Interpipe Niko Tube. The results were positive, and the plant received the status of the approved supplier. The certificate is…Details
Wadless Holdings Limited (Cyprus) has filed a claim to the Yuzhniy Mining and Processing Works demanding the recovery of the debt on dividends valued at 132.32 million UAH. The company owns 21.16 million shares of UGOK and thus is entitled to the dividends of 132.32 million UAH (6.25 UAH per ordinary share), according to the…Details
Vorkutaugol has started operating at a new long face. The reserves of the face are estimated at 754 thousand tons of coking coal. The design output of the face is some 1.5 thousand tons of coal per day. The development of the face will last till October 2020. (Ukrainian metal)Details
Kraszvetmet, the largest manufacturer of gold in Russia, could become a base for the creation of a non-ferrous metals processing holding. In 2018 the company set a record having produced 234 tons of gold. Last year Russia produced 314 tons of gold, which also became its historical maximum. The holding will unite Kraszvetmet, Moscow Special…Details
The government of the Khabarovsk region has developed a region bill on the limitation of the tax preferences on the extraction and processing of precious metals. Coal mining and wood procurement could also be added to the project in future. For each ton of gold extracted the region receives 342 million rubles, while Chukotka Autonomous…Details