In January Ukrainian metal companies decreased natural gas consumption by 3% MoM and by 8% YoY. In December 2018 gas consumption grew by 13% MoM, to 170 million cubic meters. Electricity consumption in January was 1.01 billion kW-h, down by 1% MoM and by 6% YoY. (Ukrainian metal)
DetailsThe Far Eastern Shipbuilding and Ship Repair Center (FESRC) Zvezda may begin using Russia-made steel instead of foreign with Magnitogorsk Iron and Steel Works (MMK) and Amurstal among the supplier options. Currently, steel for Zvezda is delivered from South Korea. In 2016, Rosneft and Ural Mining and Metallurgical Company (UMMC) established a joint venture to…
DetailsStarting from this week, new vehicle KrAZ-63221 that will deliver ArcelorMittal Kriviy Rih miners to workplaces at open pits and remote dumps has been released on the roads. In total, 5 such vehicles are used for these purposes in Mining Department, and the entire fleet of crew change vehicles at the plant amounts to 26…
DetailsThe prices of precious metals increased on February 18. The price of gold grew by 18.258 manats, to 2,250.2900 manats per ounce compared to the price on February 15. The price of silver went up by 0.3925 manats, to 26.8884 manats per ounce. The price of platinum increased by 35.7 manats, to 1,370.2850 manats, and…
DetailsContractor has completed reclamation work at the tailing dump in Kadzhi-Sai village and is working on the commissioning of the object. The information was voiced during a meeting of the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov with representatives of Rosatom Corporation. Kubatbek Boronov met with representatives of the Russian State Atomic Energy Corporation…
DetailsThe price of one ounce of gold increased by 3.2385 manats or by 0.15% last week in Azerbaijan, to 2,228.5198 manats. The price of one ounce of silver dropped by 0.2999 manats or by 1.1%, to 26.6794 manats. The price of one ounce of platinum decreased by 14.671 manats or by 1%, to 1,341.3051 manats.…
DetailsRussian tycoon Alexei Mordashov plans to give 65% of his gold producer Nordgold valued at $850-900 million to his sons Kirill and Nikita. “The key goal of the changes is succession, to bring Kirill and Nikita up to date and give them knowledge and experience in business management,” Mordashov said, adding that he would remain…
DetailsOn February 25 the meeting of the shareholders of the Dneprovsky Iron and Steel Works will approve attracting a loan of 30 million UAH from Oschadbank. Most probably the money will be spent to finance the construction of the continuous casting machine. The project was announced back in 2017. This is the largest investment project…
DetailsIzhorsky Pipe Works has won several tenders to supply Gazprom with over 200 thousand tons of large diameter pipes. The products will be used in the development of gas transmission capacities for the Unified Gas Supply System in the Northwestern region (NEGP), as well as the construction of the Kovykta-Chayanda section of the Power of…
DetailsLast year Severstal produced some 12 million tons of steel. Mill-2000 accounted for over 6 million tons. Previously Severstal was able to reach such a record in 1980s. “We have set a task for ourselves – the share of new products in our portfolio has to be 30% by 2023. Now it’s just 5%. For…
DetailsRussian state banks VEB.RF, Gazprombank, and Sberbank will provide financing to Baikal Mining Company belonging to billionaire Alisher Usmanov that would cover up to 70% of a $2.9-billion Udokan copper deposit, Baikal Mining Company said in a statement. The shareholders of Baikal Mining Company have already invested 28.5 billion rubles and they will cover at…
DetailsThe state enterprise Vostochniy Mining and Processing Works has ordered Temp LLC the transportation of uranium ore valued at 42.14 million UAH. Until the end of the year the company has to transport 243 thousand tons of uranium ore from the Novokonstantinovskaya mine to the Ingulskaya and Smolinskaya mines and 45 thousand tons of inert…
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