Verkhnevolzhsky Service Metal Center in Ivanovo region with the help of a loan of 209.9 million rubles from the Fund of the industry development intends to master the technique to apply hot-rip galvanizing to metal wares. The company will provide such services to other customers, as well as galvanize its own products. The cost of…Details
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Uralelectromed has started laying concrete for the foundation of the third stage of the copper electrolysis shop. At present the constructors are making the foundation with the thickness of 1600 mm. So far, 40% of necessary concrete has been poured into the pit. The foundation construction is scheduled to be completed in June 2020. The…Details
Gold, silver and palladium prices increased in Azerbaijan on April 25 compared to the prices on April 24. Thus, the price of gold grew by 9.52 manats, to 2,168.5455 manats per ounce . The price of silver went up by 0.1473 manats, to 25.3405 manats per ounce. The price of platinum fell by 6.8255 manats,…Details
In January-March, Polymetal increased output by 27% YoY, to 374 thousand ounces of gold equivalent. Gold manufacture grew by 41%, to 302 thousand ounces, while that of silver dropped by 15%. The share of gold in the overall output of the group totaled 81%. Revenue increased by 28%, to $454 million, mostly due to the…Details
Stoilensky, a part of NLMK Group, has produced its 15-millionth ton of pellets since the launch of its pelletizing plant. Launched in November 2016, the pelletizing plant has a design capacity of 6 million tons of pellets per year. In 2018, the plant reached the production capacity of 6.7 million tons of pellets (+12% YoY).…Details
The output of the U.K. Highland Gold Mining (HGM), which mines in Russia, grew by 21% YoY, to 71,961 ounces, or 2.2 tons, of gold and gold equivalent in January-March, the company said in a statement on April 25. Production at the Mnogovershinnoye deposit jumped by 58% YoY, to 30,600 ounces, output at the Novoshirokinskoye…Details
Police posts that do not allow heavy equipment to go to the field were set up at Tash-Bulak uranium deposit, press service of the Plenipotentiary Representative of the Government in Issyk-Kul region reported. Local authorities reportedly headed by the Plenipotentiary Representative of the Government in Issyk-Kul region Akylbek Osmonaliev visited the field. As of today,…Details
NLMK has started the scheduled repairs of the blast furnace No. 7 “Rossiyanka”. The repair will last for 14 days. It will improve the blast furnace efficiency and let NLMK start another of the Strategy 2022 projects – the reconstruction of the blast furnace No. 6. The preparation for the repair lasted for 7 months.…Details
Mechel-Service has supplied 350 tons of rolled metal to produce metal structures for the first incineration plant in the Moscow region. Of the metal supplied Krasnoyarsk Enterprise of Technological Machine-building produces frames for the incineration boiler. Most of the metal accounted for beams and sheets manufactured at the Chelyabinsk Iron and Steel Works. The plant…Details
Cherepovets Iron and Steel Works repair personnel together with subcontractors have completed the capital repair of one of the electric pipe-welding rigs. The machine produces welded pipes with the diameter of 12 to 38 mm for construction industry. The repair lasted for 5 days, 11 hours less than planned. (Ukrainian metal)Details
“At least 95% of the information about what we are doing and were going to do in Kyrgyzstan is not true,» Andrey Akimov, a representative of the shareholders of Central Asian Uranium Company, declared. According to him, the company is concerned about the information that has been voiced recently. At the same time, investors assure…Details
The gold output of Petropavlovsk Plc, which operates gold deposits in Russia, decreased by 4.4% YoY, to 107,700 ounces, or 3.35 tons, in January-March, the company said. Petropavlovsk still plans to raise gold production to 450,000-500,000 ounces in 2019 from 422,300 ounces produced in 2018. The total cash costs may also rise to $850-950 per…Details
Government of Kyrgyzstan has not yet decided what will happen to the uranium deposit, the Prime Minister Mukhammedkaly Abylgaziev announced at the meeting of the Parliament. Deputy Kamchybek Zholdoshbaev asked what would happen to the uranium deposit in Issyk-Kul region. Mukhammedkaly Abylgaziev noted that incorrect information about uranium was disseminated. “YurAsia company was registered in…Details