Prices of gold, silver, platinum and palladium increased in Azerbaijan on October 24, according to the data published by the Central Bank. The price of gold grew by 13.745 manats, to 2,094.3745 manats per ounce on October 24 compared to the price on October 23. The price of silver went up by 0.4164 manats, to…Details
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Energomashspetsstal and the largest Indian metal group SAIL have concluded an agreement on the delivery of four supporting rolls weighing 106.5 tons. The EMSS rolls will be installed at Salem Steel Plant hot-rolling mills. The contract has to be fulfilled in Q2-3 2019. The companies have been cooperating since 2013. (Ukrainian metal)Details
In January-September Kamchatka yielded 3986 kg of gold, down by 20% YoY. Alluvial gold accounted for the mere 6 kg, down by 80%. This year only one enterprise washed alluvial gold – Vector Plus team LLC. Silver output grew by 12.2% YoY, to 12.5 tons. Last year the region obtained 6682 kg of gold and…Details
In January-September VIZ-Stal produced 128 thousand tons of transformer steel, up by 9% YoY. The capacities were fully loaded. Transformer steel sales grew also by 9%, to 127 thousand tons. The positive dynamics has to do with the growth of the world demand for transformer steel. Exports accounted for 80% of sales. (Ukrainian metal)Details
This year Yakutia plans to yield 25 tons of gold. Last year the output was 24.78 tons. For this year the plan was to reach 24.5 tons. But because of the record output at some companies, in particular, Polyus Aldana, 25 tons of gold are expected to be extracted as the result of this year.…Details
The Northeastern manufacturing and geological enterprise, a part of the state holding Rosgeologia, has completed the scheduled works at the Verkhne-Khakchanskaya field in Magadan region. The enterprise was estimating gold ore reserves. The project will be carried out over 3 years – 2017-2019. The works carried out confirm that the average gold contents are 2.2…Details
The Andrometa Works of Building Metal Structures is increasing its manufacturing capacities. Lately a new metal structures shop No. 5 has been commissioned. Now the construction of the shop No. 6 has started nearby. There metal structures will be assembled and welded. The size of the building is the same as that of the shop…Details
The Ferrous Metals Research Institute named after Bardin has developed a new alloyed steel with bainitic structure for the solid-rolled railroad wheels. Vyksa Iron and Steel Works and Russian Railroads participated in the development. The new bainitic steel has demonstrated higher mechanical and exploitation characteristics than its predecessors. The wheels were produced at Vyksa Iron…Details
One of the largest metal companies of Krivoy Rog – Mekhanobrchermet – has topped the Dniepropetrovsk region list on salary debts. The management was ordered to pay 4.1 million UAH to its employees. The company deals in processing and sintering of ferrous metals ores. (Ukrainian metal)Details
The works to produce titanium dioxide in the town of Armyansk in the Russia-annexed Crimea has been granted the rights to resume operation after a halt in early September because of the air pollution. The manufacturing wastes have been dumped since early 1970s. The size of the technical reservoir is 42 square kilometers and the…Details
The Federal Agency on subsoil use has announced an auction for the development and extraction of bismuth-containing copper-cobalt ores at the Western site of Kara-Jul ore lode in the Republic of Altai. The initial price of a 20-year license will be 413.07 million rubles. The Moscow-based company Altairudametall owned the license in 2006-2015. But the…Details
Albert Avdolyan has completely cleared the salary debts to the employees of the Hydrometallurgical Works (510 people) in the amount of 27 million rubles and to Intermix-Met LLC (170 people) for 9 million rubles. Avdolyan has also become the sole owner of the Yuzhnaya Power Company. All these companies are a part of the privatized…Details
In 2019 Evraz intends to sell 13.7 thousand tons of vanadium, up by 7% from the forecast for 2018 (12.8 thousand tons). The increase has to do with the sales of stocks. In mid-term the company also plans to optimize its manufacture at Kachkanarsky Mining and Processing Works to develop iron ore stocks with higher…Details
In August Russia exported 423.3 thousand tons of raw aluminum, up by 42.15% YoY. In January-August, according to the customs statistics, the exports totaled 2.15 million tons valued at $3910 million, up by 12.2% and by 25.2% YoY respectively. In August the average prices was $1809 per ton, up by 8.2% MoM. (Ukrainian metal)Details
In January-August Russia exported 540 thousand tons of copper valued at $3551 million, up by 11.3% and by 27.9% YoY respectively. The volume of primary copper exceeded 80%. In August the average primary copper price was $5897 per ton, down by 9.4% YoY. Copper wire rod price was $6196 per ton, up by 4.3%. (Ukrainian…Details
In January-September Kuzbassrazrezugol mined 36.2 million tons of coal, up by 1.2% from the plan and by 1.2 million tons YoY, including 4.8 million tons of coking coal. 31.5 million tons of coal have been shipped to the customers, in particular, 22.3 million tons for exports. The local market received 9.1 million tons. Factories processed…Details
Artem Nazim, the ex-chief accountant of Dneprovsky Iron and Steel Combine, has been appointed to the same office at Dneprovsky Iron and Steel Works. Olga Zaremba, who has been the DMZ chief accountant for two months, has been relieved of her duties from October 21. Instead of Nazim, the chief accountant at DMK is now…Details