Precious metal prices increased in Azerbaijan on December 10, according to the Central Bank. The price of gold grew by 15.521 manats, to 2,123.6145 manats per ounce on December 10 compared to the price on December 7. The price of silver went up by 0.1844 manats, to 24.8128 manats per ounce. The price of palladium…Details
The price of one ounce of gold increased by 24.82 manats or by 1.19% last week in Azerbaijan, to 2,100.2599 manats. The price of one ounce of silver grew by 0.02864 manats or by 1.18%, to 24.5545 manats. The price of one ounce of platinum decreased by 38.658 manats or by 2.8%, to 1,357.7339 manats.…Details
Azerbaijan will receive about 10 billion manats from the development of Filizchay, one of the biggest polymetallic deposits in Europe, Chairman of the Board of AzerGold CJSC Zakir Ibrahimov declared. He said earlier it was assumed that the revenues from the development of this field would amount to 6 billion manats, but recent studies had…Details
Azerbaijan: AzerGold reveals gold and silver extraction value from aboveground part of Chovdar deposit
Since the beginning of its activity AzerGold CJSC has extracted 105,000 ounces of gold and 155,000 ounces of silver at the aboveground part of the Chovdar deposit, Zakir Ibrahimov, chairman of the company, declared. He said that revenues from the sale of these precious metals exceeded 230 million manats. He noted that it was also…Details
The Geopromining project to construct a factory to process silver-polymetallic ore at the Verkhne-Menkeche deposits in the Republic of Sakha (Yakutia) has been approved. The capacity of the factory will be 300 thousand tons. At present the ore from the deposit is processed at the Serebro Magadana (Polymetal). The reserves of the deposit are 1200…Details
A group of people’s deputies have asked the chairman of the Council of the National Security and Protection Alexander Turchinov to include Demurinsky Mining and Processing Works (Dnipro) into the sanction list of Russian enterprises. “Ilmenite, the raw material to manufacture the main war metal – titanium – Russia buys mostly from Ukraine. This titanium…Details
In January-November Ukraine increased the import of coal by 9.9% YoY, to 19.09 million tons. According to the State Fiscal Service, the value of the coal imported stood at $2.693 billion, up by 10.8% YoY. Russia supplied $1.667 billion worth of coal (or 61.91%), USA – $806.34 million (29.94%), Canada – $128.6 million (4.78%) and…Details
In 2018 DTEK financial results improved because of the growth of world coal and gas prices, as well as investments in output increase. In 2 years the world coal prices have increased more than 2-fold, from $42 to $100 per ton. In 13 years DTEK has invested over $7.6 billion in development. In particular, the…Details
The Electrotyazhmash works has concluded 6 agreements with Meta-Lux LLC for the delivery of metal valued at 194.24 UAH. Until the end of 2020 the company has to supply phosphorous-copper alloy at 314 UAH per kg, bronze rods at 281 UAH per kg, 2 types hot-rolled steel sheet at 37200 UAH and 30512 UAH per…Details
Ferrexpo announces the payment of special dividends of $0.066 per share with the total amount of $40 million, or twice as much as in 2017. The decision has been taken with the view of the improved market situation in H2 2018 and good prospects for 2019. The board of directors will decide on the final…Details
The minister of energy and coal industry Igor Nasalik has suggested increasing the base price of power-generating coal in Ukraine by 10.5%. Thus, the price should grow from the current level of 2535 UAH (without VAT) per ton, set in April, to 2800 UAH. According to Nasalik, the base price increase is necessitated by the…Details
3 DESA filter bags are being installed at the gas-purifying machines at the Krasnoyarsk Aluminum Works. The size of the purification is 4 square meters, up 2-fold from the currently used filters. Over 2 thousand innovative filter bags have been installed in the gas-purification system. Since 2004 the company has been able to decrease pollution…Details
The Verkhovna Rada of Ukraine has prolonged the regime of exempting operations with ferrous and non-ferrous scrap from VAT till 2022. The corresponding bill has been voted by 248 parliament members with the necessary minimum of 226. VAT on scrap operations was cancelled in 2011. And then, in 2017, it was prolonged till January 1,…Details
Petropavlovsk has put into operation the processing of gold-containing concentrate at its first autoclave. As of early December 320 tons have been processed. The extraction is 93%, not much below the targeted 98%. The manufacture of gold from refractory ore, according to the company, will start in Q1 2019. The second autoclave is being commissioned,…Details
In November railroad sales of rolled steel and pipes by the major Russian companies totaled 5.05 million tons, down by 2.2% YoY. Deliveries to the local market dropped by 3.4%, to 2.73 million tons, and exports – by 0.6%, to 2.32 million tons. In January-November deliveries reached 57.8 million tons, up by 2.7% YoY. Local…Details
Precious metal prices varied in Azerbaijan on December 7. The price of gold increased by 0.238 manats, to 2,108.0935 manats per ounce on December 7 compared to the price on December 6. The price of silver grew by 0.0246 manats, to 24.6284 manats per ounce. The price of palladium decreased by 77.843 manats, to 2,039.915…Details
Baku Steel Company has concluded a deal worth $1.17 billion with China CAMC Engineering Co., Ltd. The agreement was signed by Deputy Director General of Baku Steel Company Mardan Aliyev and Deputy Director General of China CAMC Engineering Wang Yuhang. The document envisages the construction of the Azerbaijan Integrated Steel Mill Complex in Ganja. The…Details
Urangeo, a part of the state holding Rosgeologia, has started prospecting works for uranium at the Kuldur field of the Khingan plateau. The corresponding state contract was signed between Rosgeologia and the Department of subsoil use of the Far East Federal District in July. The work will be carried out in the Arkharinsky district of…Details
In January-October Kosaya Gora Iron and Steel Works increased ferromanganese sales by 2.3 thousand tons YoY, to 53.6 thousand tons.
In 10 months the works mined 62 thousand tons of ferromanganese, up by 9.1 thousand tons.
In January-October 2018 the company produced 52.9 thousand tons of ferromanganese and sold 51.3 thousand tons. (Ukrainian metal)
Cherepovets Iron and Steel Works has started an active phase of the project to assemble the coil-rewinding machine with the capacity of 650 thousand tons per year. The machine, to be situated in the metal finishing shop No. 2, will be rewinding pickled cold- and hot-rolled metal coils manufactured at mills 1700 and 2000. The…Details
Mikhailovsky Mining and Processing Works has successfully passed the integrated management system audit. The TUV SUD Management Service GmbH (Germany) experts have checked the energy management system for the compliance with ISO 50001:2011. The quality management system was check for compliance with ISO 9001:2015, labor and health safety management system – with OHSAS 18001:2007 with…Details
Gaysky Mining and Processing Works intends by the end of the year to have mined 8 million tons of copper ore. In 2021 the company plans to reach the output of 9 million tons. “Next year the investment program of Gaysky GOK will be 10 billion rubles, and will focus on developing the mine infrastructure”,…Details
NLMK Group, an international steel company, has signed a memorandum on industrial cooperation with electrical equipment manufacturers from the Eurasian Economic Union. NLMK plans to promote the development of the technology to manufacture next generation energy efficient transformers from high-permeability electrical steel (HGO). The memorandum has already been signed by transformer manufacturers from Russia, Belarus,…Details
Societe Generale has issued a $100-million prepayment to the Russian gold producer GV Gold for gold supplies, the company said in a statement on December 6. Under the deal, GV Gold receives the full sum, and will supply about 3,000 ounces, or 93.3 kilograms of gold per month in the next three years. Payment for…Details
Zaporizhstal has put into operation the blast furnace No. 4 after capital repairs.
Investments in the project totaled some 100 million UAH.
The repair lasted for 15 days.
The capacity of the blast furnace is 1.1 million tons of pig iron per year. (Ukrainian metal)
In January-November Dneprovsky Iron and Steel Works decreased rolled metal output by 0.8% YoY, to 708 thousand tons. Steel manufacture dropped by 1.5%, to 828 thousand tons, and pig iron – by 15.4%, to 800 thousand tons. In November the works produced 65 thousand tons of rolled metal, 72 thousand tons of steel and 69…Details