Precious prices increased in Azerbaijan on April 11 compared to the prices on April 10. The price of gold grew by 8.1777 manats, to 2,222.4185 manats per ounce. The price of silver went up by 0.0584 manats, to 25.8824 manats per ounce. The price of platinum increased by 25.857 manats, to 1,540.574 manats. While the…
DetailsMagnitogorsk Iron and Steel Works (MMK) is taking part in the international industrial exhibition Vietnam Expo 2019 in Hanoi. As one of the fastest growing economies in South-East Asia, Vietnam is one of MMK’s key markets. In 2018, MMK’s metal product shipments to Vietnam doubled compared to 2017, amounting to 540,000 tons and making MMK…
DetailsTwo robot trucks made by the Belarusian automobile engineering company BelAZ are being tested in the Abakansky open pit in the Republic of Khakassia. The 130-tonne BelAZ-7513R trucks were shipped to Khakassia in early 2019. There are plans to solemnly commission the vehicles in August. BelAZ and VIST Group developed the first remotely operated haul…
DetailsIn January-February, Armenian metal industry decreased output by 17.6% as opposed to a drop of 10.8% last year. The only increase was registered for ferromolybdenum manufacture – by 46%, to 1041 tons, as opposed to a drop of 38.6%. In February, ferromolybdenum output totaled 555 tons, up by 14.2% MoM. Copper concentrate manufacture fell by…
DetailsIn January-March, Chukotka Autonomous District extracted 5315 kg of gold, almost unchanged YoY. Silver output dropped by 6.6%, to 25.6 tons. At present 5 enterprises are mining gold in the region: Chukotka Mining and Geological Company, Severnoye Zoloto LLC, Mayskoye LLC, Rudnik Karalveyem and Rudnik Valunistiy LLC. Alluvial gold extraction will last from May till…
DetailsIn February, Armenia produced 887 tons of molybdenum concentrate, up by 7.9% MoM and by 6.4% YoY. FeMo manufacture grew to 555 tons, by 14.2% MoM and by 51% YoY. The increase is due to the growing demand in Europe, the main sales market for Armenia. In January-February, molybdenum concentrate output dropped by 4.6% YoY,…
DetailsIn March, Far Eastern Railroad transported 4.27 million tons of cargo, up by 1.8% YoY. In particular, iron and manganese ore transportation grew by 9.3%, to 533 thousand tons, and metal wares – by 22.4%, to 290 thousand tons. At the same time transportation of coal decreased by 5.8%, to 4.596 million tons. (Ukrainian metal)
DetailsIn March, Electrum Plus LLC, a part of Susumanzoloto, extracted 35.5 kg of gold at the Vetrenskoye mine in Magadan region. The combined result for the first quarter is 95.1 kg of gold with the target at 72 kg. At the same time YoY results dropped – in Q1 2018 Electrum Plus produced 96.8 kg…
DetailsBeloretsk Iron and Steel Works has supplied trial batches of steel ropes with polymer coating to Kazakhstan, Belarus, Uzbekistan, Kyrgyzstan, Bulgaria and Estonia. These ropes have higher wear-resistance compared with ropes without polymer coating. BMK is the first company in Russia to produce such ropes. Beloretsk Iron and Steel Works exported ropes with diameter of…
DetailsIn January-February Russia exported 675.8 thousand tons of aluminum valued at $1.232 billion, up by 49.4% and by 49.7% YoY respectively. According to the Federal Customs Service, nickel exports grew by 41.4%, to 26.3 thousand tons valued at $312.6 million, up by 27.4%. And the exports of copper went up by 4.9%, to 131.8 thousand…
DetailsMines of the two state enterprises – Toretskugol and Lisichanskugol – have received warnings that they will not be provided with electricity due to debts. At some enterprises electricity has already been partially cut off. The trade unions noted that the order of the Cabinet of Ministers to provide 450 million UAH from the state…
DetailsEnergomashspetsstal has concluded an agreement with the daughter company of the global industrial concern SalzgitterAG. Salzgitter Flachstahl GmbH has become the new business partner of the company. According to the agreement, EMSS will produce and ship 2 supporting rolls to Germany. The total weight of the rolls to be delivered in Q4 is 80 tons.…
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