Prices of precious metals in Azerbaijan fell on July 30, according to the data published by the Central Bank. The price of gold decreased by 7.2505 manats, to 2074.3825 manats per ounce on July 30, compared to the price on July 27. The price of silver decreased by 0.0345 manats, to 26.2126 manats per ounce.…Details
Prices of precious metals in Azerbaijan changed over to decline on July 27, according to the data published by the Central Bank. The price of gold decreased by 12,0445 manats, to 2081,633 manats per ounce on July 27, compared to the price on July 26. The price of silver decreased by 0,2755 manats, to 26,2471…Details
Erunakovskaya-VIII mine has started extracting coal from the new long face 48-6. The reserves of the site are estimated at 2.9 million tons of coking coal. The long face is situated at the depth of over 500 meters. It is planned to mine 250-300 thousand tons of coal per month. The mine is the youngest…Details
For the mine named after Tikhov (Russia) Corum has developed a new structure of the transformer substation with the capacity of 1 thousand kW, having considerably increased its durability. “We have designed, produced and certified the machinery especially for the mine. It is easy to access all the main elements of the substation, and it…Details
In January-June Zabaikalye region obtained 28293 tons of lead, up by 7% YoY, with 6971 tons yielded in June. Zinc output grew by 5%, to 12970 tons, with 2800 tons produced in June. Last year the region produced 61361 tons of lead and 43018 tons of zinc, up by 13.2% and 75% YoY respectively. (Ukrainian…Details
In July Vyksa Iron and Steel Works has shipped to Gazpromneft-Khantos the first batch of casing pipes with OTTM thread joints. The pipes with the diameter of 324 mm and the wall thickness of 9.5 were produced at the arc furnace shop No. 3 with the further creating of threads. “Thanks to the center of…Details
Zaporizhstal has entered the top-100 largest taxpayers in January-June according to the State Fiscal Service.
In 6 months the company has transferred some 1.9 billion UAH to the budgets of all levels, including over 331 million UAH to the local budget.
Last year Zaporizhstal paid 3.2 billion UAH of taxes. (Ukrainian metal)
In early August the Ukrainian government expects to get a comprehensive plan for bringing the national coal industry out of crisis, Prime Minister of Ukraine Volodymyr Groysman said during the government’s meeting devoted to situation in the national coal industry. “There’s a need to make clear, specific decisions within the framework of the Energy and…Details
Global steel output grew by 5.8% YoY in June, to 151.4 million tons, according to World Steel Association. In January-June steel manufacture increased by 4.6% YoY, to 881.5 million tons. Ukraine produced 1.7 million tons of steel, up by 7.5%. Thanks to that the country was able to climb two steps in the world rating…Details
The U.S. is holding fruitful talks with Russian aluminum giant UC RUSAL hit by sanctions in April, Bloomberg reported citing U.S. Treasury Secretary Steven Mnuchin. The U.S. did not plan to introduce sanctions against aluminum companies, Mnuchin said, adding he hoped he was holding fruitful discussions with the company to solve these problems. The U.S.…Details
Chelyabinsk Pipe-Rolling Plant (ChelPipe) posted a net profit of 6.927 billion rubles in January-June against a net loss of 864.754 million rubles in the same period of 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report. Revenue increased by 33%, to 71.921 billion rubles. The company posted a 7.862 billion…Details
Prime Minister Volodymyr Groysman has said that the Energy and Coal Industry Ministry should improve its work with state mines and turn them into profitable enterprises. “An important issue is Ukrainian coal: the Energy Ministry must finally fulfill its task and make state mines profitable enterprises, instead of constantly plunging miners into poverty,” Groysman stressed.…Details
The Buzhanskaya mines Nos. 9 and 10 in Novovolynsk will be checked for legality of using artesian wells. The mines did not pay for the water taken from the wells. Moreover they pollute the water. The deputy chairman of the Volyn regional state administration Sergey Kosharuk has ordered the relevant departments to check this. (Ukrainian…Details
The development of the gold ore deposits Vekhniy Kumarg will start this year. According to the Department of geology, a draft investment agreement between the government of Tajikistan and the Chinese company TBEA for the development of the deposits has been prepared. As soon as the lower house of the parliament ratifies the agreement, the…Details
The Central scientific laboratory in the city of Kara-Balte has taken 11 probes of ore in the case of copper-gold concentrate from the Bozymchak deposits. In the probes with the share of gold in the amount of 1.68 g per ton there were 7.77 g of silver per ton and 0.98% of copper. In other…Details
The supervision procedure will last in the Belstal company till October 22. The bankruptcy process was initiated by Atlasspetsstroy LLC, as Belstal owed it 7.82 million rubles for special machinery and transport. Several years ago Belstal announced its plans to construct a mini-metallurgical plant with the capacity of 500 thousand to 1.25 million tons per…Details
ArcelorMittal Kriviy Rih has won the tender to supply rebars for the construction of the railroad between the city of Kiev and the Boprispol airport. On July 23 the first batch of 62 tons of rebars with the diameter of 32 mm and the length of 12 m was shipped. Altogether AMKR will supply some…Details
In January-June the Republic of Buryatia extracted 2128.9 kg of gold, on the previous year level.
At the same time ore gold output increased by 8% YoY, to 1712.8 kg, while that of alluvial gold dropped by 24%, to 416.1 kg.
Last year the republic yielded 5677.9 kg of gold. (Ukrainian metal)
Rosgeologia will carry our prospecting works for ore gold on Levoberezhnoye ore field.
The corresponding agreement has been concluded in summer.
The site with the size of 6.62 square km is situated in the Cherek district of the Republic of Kabardino-Balkaria.
The project is to be completed by early 2021. (Ukrainian metal)
The Central Processing Factory Pechorskaya of Vorkutaugol has successfully finished an experiment to improve quality of the coal concentrate and has started supplying it to Cherepovets Iron and Steel Works. The project to decrease ash content in the concentrate began in April. As the result of the experiments, the ash content was decreased to 8%.…Details
In January-June Ukraine exported 7.82 million tons of rolled metal, or 84.6% of all the metal manufacture, almost on par with H1 2017 level.
Semi-finished products accounted for 44.9%, up from 41.2%.
Flat rolled metal was 33.3% against 33.9% last year.
Bars’ share dropped to 21.8% from 24.9%. (Ukrainian metal)
The net profit of VSMPO-Avisma fell by 0.9% YoY, to 8.716 billion rubles in January-June, as calculated under Russian Accounting Standards (RAS), the company said in a report on July 26.
Revenue increased by 5.7%, to 38.282 billion rubles.
Titanium sales grew by almost 6%, to 15,000 tons in the period. (Prime/Ukrainian metal)
In January-June companies received 2.081 million tons of rolled metal, with 653.3 thousand tons, or 31.4% imported. In H1 2017 the market consumed 1.971 million tons of rolled metal, with 575.3 thousand tons, or 29.2% imported. Thus, rolled metal consumption increased by 5.6%, with the import share up by 13.6%. Bars accounted for 48.6% and…Details
The magnetite (iron ore) concentrate drying shop of the Bystrinsky Mining and Processing Works has been commissioned. The first batch of the dry iron ore concentrate will be shipped on October 1. Concentrate drying to decrease its moisture will be carried out from October till April. The shop has three drying cylinders with the capacity…Details
Mechel-Service has supplied 300 tons of beams for the construction of 2 sports facilities in the city of Novosibirsk: the center of the artistic gymnastics and the volleyball arena. The beams were produced at the Chelyabinsk Iron and Steel Works on the rail and beam mill commissioned in 2013. ChMK also supplies rebars and sheets…Details
In January-June Russky Ugol mined over 1.6 million tons of coal in Amur region, up by 5% YoY.
The Severo-Vostochny pit, the oldest coalmining enterprise in the region, exceeded the output target by 25%.
The mining there started in 1932. (Ukrainian metal)