The prices of precious metals, except for silver, increased on February 19. Thus, the price of gold grew by 0.085 manats, to 2,250.375 manats per ounce compared to the price on February 18. The price of silver dropped by 0.074 manats, to 26.8144 manats per ounce. The price of platinum went up by 3.723 manats,…Details
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On February 18, a body of a hearth man was found near the blast furnace 9 controls at the Dneprovsky Iron and Steel Combine. The man was 47 years old. “Emergency arrived at the site, but after some time had to state the death of the person”, the company reported. Investigation is underway. (Ukrainian metal)Details
Izhstal has been awarded by the governor of the Udmurtia Republic for the quality of its products. The company produces over 1 thousand steel grades according to national and international standards and norms. In 2018 the company successfully passed the audits for the compliance of its quality management system to ISO 9001:2015, 305/2005/EU and also…Details
Magnitogorsk hosted a meeting of the MMK and TMK coordination council. The parties have discussed the results of the operation in 2018 and plans of further cooperation. In 2018 TMK pipe enterprises received 504.6 thousand tons of MMK flat rolled metal, up by 10% YoY. (Ukrainian metal)Details
In January Severniy Mining and Processing Works increased pellets output by 1.7% YoY, to 850 thousand tons. Concentrate manufacture dropped by 3.2%, to 998 thousand tons. In December 2018 SevGOK produced 654 thousand tons of pellets and 896 thousand tons of concentrate. In 2018 pellets output grew by 13.9% YoY, to 8.45 million tons, while…Details
Since commissioning of its blast furnace No. 1 Cherepovets Iron and Steel Works has produced 55 million tons of pig iron. The blast furnace was blown in 1955. On August 24, 1955, the first pig iron was produced, and a new plant was born. In 2008 the blast furnace was shut down due to the…Details
Russia’s gold exports fell by 70% YoY, to 17.047 tons in 2018, the Assay Chamber at the Finance Ministry, which is responsible for state control over exports and imports of precious metals and stones, said in a report on February 19. According to the finance ministry, Russia’s gold refineries increased output by 2.45%, to 314.42…Details
In 2018 DTEK decreased coal output by 1.9% YoY, to 27.186 million tons. Gas coal mining grew by 5.3%, to 24.13 million tons. At the same time anthracite coal was not mined. Obukhovskay mine increased output by 4.9%, to 3.05 million tons. Coal concentrate production dropped by 9.2%, to 12.36 million tons. (Ukrainian metal)Details
Production of unwrought gold and semi-processed gold or in powder form reached 6,308 kg in January, up by 0.7% YoY, Statistics Committee of the National Economy Ministry reports. In the accounting period the output of unwrought and semi-processed silver or in the powder form made 57,145 kg, down by 4.1%. (Kazinform/Ukrainian metal)Details
None of the enterprises of the mining sector, dealing with non-ferrous metals and operating in the general tax regime, has received a profit so far, the Chairman of the International Business Council, Askar Sydykov, announced at a press conference. According to him, as of today, the tax burden on mining enterprises is 17.9% of revenue.…Details
Stoylensky Mining and Processing Works has commissioned a new railroad station – Zapadnaya – at its quarry. The station has been moved 100 meters from its old position. The site freed has some 50 million tons of unoxidized iron quartzites. Mining will start in 2021. In order to relocate the station, it was necessary to…Details
In 2018 Sibcable surpassed its delivery plan. The company used over 3 thousand automobiles, 13 railroad cars and some 100 containers. According to the transport-warehouse department representatives, cars and trucks are the fastest and the cheapest way of transportation, especially oSibcablen short distances. Railroad helps out when it is necessary to transport to Siberia or…Details
Sinarsky Pipe Works has put into operation a new mill to grind and polish pipe surface using picking belts. The machine can process pipes with the diameter of 10 to 89 mm and the length of 2.5 to 13 meters used in machine- and car-building. “We are constantly updating our manufacturing capacities using modern technical…Details