The price of one ounce of gold decreased by 22.831 manats or by 1.04% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,176.0646 manats. The price of one ounce of silver increased by 0.0832 manats or by 0.3%, to 25.4735 manats. The price of one ounce of platinum…
DetailsBelarus will resume negotiations with Sudan on the second site for gold extraction after the situation in the country is stabilized, Belarusian Natural Resources and Environmental Protection Minister Andrei Khudyk declared. The second site has been chosen but conditions for using it have not been totally agreed upon. “We will definitely keep an eye on…
DetailsIn January-March, Kremenchuk Steel Works produced 4292 tons of casting, down by 27.7% YoY. Moreover, the plant is forced to fire over 500 employees in March-April. This is done in order to bring the number of employees to the order volume and the debt to Ukrzaliznytsia. (Ukrainian metal)
DetailsSANY cutter-loader machinery has been tested at the Capitalnaya mine of the Mirnogradugol state enterprise. According to the chairman of the Donetsk regional military-civilian administration Alexander Kuts, the state will finance the creation of four more long faces to develop the mine. The cost of the machinery is 208.6 million UAH. The financing comes from…
DetailsThe volume of transportation of mining and metallurgical cargo via the Dnepr River could grow 2-fold, to 2.5 million tons. But so far the depth of the river does not correspond to the sizes of ships necessary to transport such cargo. At present the ships with the capacity of 6 thousand tons are operating at…
DetailsFrom now on DCH Steel Management will manage the operation of both Sukhaya Balka and Dneprovsky Iron and Steel Works. Still, this is not enough to make a full vertically integrated mining and metallurgical group. Coal mining and ore processing are the group’s weak links. In 5 years DCH intends to invest $150-200 million in…
DetailsRZD International LLC under the project to construct and repair railroads in Serbia will buy metal structures valued at more than $5.8 million from Voronezhstalmost. The viaducts to be constructed and repaired are situated on the Stara Pazova – Novi Sad site on the Belgrad – Stara Pazova – Novi Sad – Subotitsa – state…
DetailsTOREX, owner of Amurstal in Komsomolsk-on-Amur, hopes to get a subsidy from the federal budget. The Ministry of industry and trade intends to provide major enterprises with support. The company plans to spend money to clear interest rate on loans, thus decreasing them by 4.5%. At present the ministry is choosing companies to participate in…
DetailsIn 2018 Kurilgeo LLC gold output grew by 37% YoY, to 1.325 tons, and silver – 9%, to 3.8565 tons. Ore mining increased by 28%, to 760 thousand tons. Revenue went up by 46%, to 3.452 billion rubles. Net profit amounted to 447.8 billion rubles, up by 75.8%. Ainskoye deposit, developed by the company, has…
DetailsKarelsky Okatysh is preparing to put into operation three new Caterpillar 777E dump trucks with the lifting capacity of 90 tons. 7 such machines are already operating at the quarries and have proven their efficiency. “Small dump trucks have a number of advantages. They are universal thanks to their compact size. Where the 220-ton machines…
DetailsRUSAL and Braidy Industries Inc., a US-based holding company which owns both Veloxint, an MIT-incubated lightweighting solutions company, and NanoAl, a Northwestern University incubated materials research and technology company, announced an intent to establish a joint project in Ashland, Kentucky, USA to produce flat rolled aluminum products for the US automotive industry. The design capacity…
DetailsGold output of Khabarovsk region hit a historical record of 24.8 tons in 2018, the regional government said. “In 2018, production of gold grew by 7%, to 24.8 tons. This was an absolute historical record for the region. A company producing tin metal also showed good results, its amount of production grew by 50%, to…
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