Prices of gold and silver increased in Azerbaijan on June 7 compared to the previous prices. The price of gold grew by 16.677 manats, to 2,265.93 manats per ounce. The price of silver went up by 0.2399 manats, to 25.303 manats per ounce. The price of platinum dropped by 25.211 manats, to 1,368.4065 manats per…Details
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Most of the licenses were issued in Kyrgyzstan for development of mineral resources – 1,273, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use Myrza Zhamanbaev reported. According to him, 917 licenses have been issued for mineral exploration, and 230 – for prospecting. In total, over the years of independence, 2,420 licenses…Details
In 2018, taking into account tenders and auctions, revenues to the republican and local budgets from the work of mining enterprises amounted to 10,687 billion soms, the State Committee for Industry, Energy and Subsoil Use presented such data. According to the committee, as of today, the industry employs more than 18,000 people. The volume of…Details
The Russian metal trade fair trio Tube Russia, Metallurgy Russia and Litmash Russia took place together at the Moscow exhibition center Krasnaya Presnya on May 14 to 17. 270 companies from 20 countries presented technological innovations and solutions for the requirements of industry 4.0. Next to Russia and its neighboring Eastern European countries, exhibitors primarily…Details
In April, Armenia produced 1210 tons of molybdenum concentrate, down by 10.4% MoM, but up by 27.5% from the 2018 average level. Ferromolybdenum manufacture increased by 3.3% MoM and by 25.3% YoY, to 683 tons. In January-April, molybdenum concentrate output grew by 15% YoY, to 4250 tons, while that of ferromolybdenum – by 5.8%, to…Details
In 2018 Uralelectromed produced 400 thousand tons of copper cathodes, up by 5.8% YoY. This is the highest result in the company 85 years of operation. The output increase is due to the copper electrolysis second stage commissioning. Last year copper wire rod output increased by 13%, to 170 thousand tons. The company has also…Details
Magnitogorsk Iron and Steel Works (MMK) has partnered with Deloitte CIS to create a digitalization strategy for the company. The agreement was signed during the St. Petersburg International Economic Forum. MMK has decided to update its digital portfolio as part of the company’s overall development strategy up to 2025. To do this, Deloitte CIS will…Details
Magnitogorsk Iron and Steel Works (MMK) and the government of the Samara region have agreed to build a production and logistics center in Togliatti. Investments in the facility will reach 1.2 billion rubles. The agreement was signed during the St. Petersburg International Economic Forum (SPIEF). The governor of the Samara region Dmitry Azarov, Chairman of…Details
It is planned to put out to tender the promising deposit Sulukta, Kadamdzhai, Kara-Keche, Tuyuk-Kargasha, Togolok, Naukatskoe and Dzhetim in 2019, the Chairman of the State Committee for Industry, Energy and Subsoil Use Emil Osmonbetov said. The Prime Minister Mukhammedkaly Abylgaziev has held a meeting on the situation in the mining industry. He stressed the…Details
A certificate for UAH 155 thousand was presented at the State Fire Emergency Response Station No. 11 for repair of fire-fighting and special-purpose equipment. This is the equipment that is owned by the Fire Rescue Unit No. 3. This Unit includes 8 fire stations that serve the city. Financial aid was granted by the request…Details
Energomashspetsstal has shipped three rotors to India. The rotors were supplied to Bharat Heavy Electrical Limited. The respective agreement was concluded in 2018. 4 rotors have been produced for the Indian company. One of them was shipped in March. The total weight of the batch was 64.24 tons. (Ukrainian metal)Details
On June 4, NLMK for the first time outran the largest ferrous metals company in the world – ArcelorMittal – by capitalization. At the closing of the LME trade, NLMK was estimated at $15.88 billion. The capitalization of AM at the NYSE was $15.7 billion. At the same time in 2018 ArcelorMittal produced 92.5 million…Details
The agency on architecture, city building and development of the Kaliningrad region authorities has granted the Investment Metal Union a right to construct a rolled metal warehouse on Dzerzhinsky Street in Kaliningrad. The document is valid until March 13, 2020. The one-storey building will have a size of 1.5 thousand square meters. In 2017 IMS…Details