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Russia’s gold output rose by 9.29% YoY, to 343.54 tons in 2019, the Finance Ministry said citing the data on raw materials supplies to the refining plants. Mined gold output rose by 8.22%, to 286.05 tons, and by-product gold output by 23.14%, to 19 tons, while secondary gold production grew by 11.31%, to 38.49 tons.…
DetailsDneprovsky Iron and Steel Works has finished all repair works and is preparing to resume operation after a 7-month pause. DCH program presupposes investments of $300 million during 5 years in DCH Steel (DMZ and Sukhaya Balka). After repair, the works is gradually launching the operation of its blast furnace, oxygen-converter and rolling shops. DMZ…
DetailsAfter capital repairs, Azovstal is launching its blast furnace No. 4. Investments in the repairs amounted to 21 million UAH. The blast furnace was shut down because of the drop in metal demand. In order not to waste time, the company has carried out repairs at the furnace. (Ukrainian metal)
DetailsAleksandrovskaya 1 LLC intends to extract 200 kg of gold in this year washing season. The company will continue developing the Jalon and Juvaskit deposits in Amur region. Aleksandrovskaya 1 has already started the washing season, which will traditionally last till November. Last year the company extracted 170 kg of gold. (Ukrainian metal)
DetailsIn April, Ukraine decreased steel output by 30.9% YoY, to 1.339 million tons. Thus, the country has fallen to the 15th place in the World Steel Association rating from the 12th. China traditionally was the leader with 85.033 million tons of steel produced, down by 0.2%. In 4 months Ukraine produced 6.657 million tons of…
DetailsAt present the situation at Energomashspetsstal is stable. “In February, average salary totaled 18795.6 UAH, up by 24% YoY. In 2019 we manufactured products worth 2,260 million UAH and sold 85.8% of them valued at 1.94 billion UAH”, the company CEO Vitaliy Gnezdinskiy reported. EMSS has an order portfolio for two years. This year it…
DetailsAzerGold company stated that its production operations were not disrupted by the COVID-19 crisis recently and that it had exported 6,769.37 ounces of gold and 15,758.29 ounces of silver worth a total of $12.2 million (AZN 20.7 million). CJSC AzerGold has used alternative transportation for export, taking into account the sharp rise in prices for…
DetailsDneprovsky Iron and Steel Works is not operating and is carrying out reconstruction. In particular, the company has announced a purchase of services on the disassembly of out-of-work objects (metal structures, machinery, pipelines, etc). The work has to be carried out in 2020. (Ukrainian metal)
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