The price of one ounce of gold increased by 13.3195 manats or by 0.6% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,216.47275 manats. The price of one ounce of silver grew by 0.1779 manats or by 0.7%, to 26.1769 manats. The price of one ounce of platinum…Details
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In 2018 the Amur miners team, developing the Konder platinum deposit in Khabarovsk region, received 467.5 million rubles of revenue, down 6-fold YoY. The net loss was 2.436 billion rubles, down 3.7-fold. Last year the enterprise extracted 238.3 kg of platinum as opposed to 1.275 kg in 2017. The decrease in the output has to…Details
Chelyabvtormet could not resume its permit for air pollution suspended by the regional environment service. The permit was suspended in November 2018. In December 2018 the regional governor Boris Dubrovsky demanded the casting shop of the company to be closed down because of the extensive air pollution. While the company is permitted to process ferrous…Details
In H1 Zagorsky Pipe Works intends to reach the debt to EBITDA ration of 1.0. The company’s main customer is Gazprom. At present ZTZ has orders for 2 years. Almost all orders have been concluded with Gazprom. The latest was for the delivery of 500 thousand tons of large diameter pipes for a Sila Sibiri…Details
Lebedinsky Mining and Processing Works has put into operation a new excavator with improved capacity with the ladle volume of 20 cubic meters. This is the third machine of the kind operating at LGOK. It takes the excavator 3 minutes to fully load a 220-ton BelAZ. The weight of the machine is over 700 tons.…Details
Severstal and Air Liquide have signed a long-term contract on the delivery of oxygen, nitrogen and argon to Cherepovets Iron and Steel Works. The French company will invest some EUR 50 million in the construction of an air-separating machine, which will improve energy efficiency and decrease environment impact. The capacity of the machine, to be…Details
The Moscow Exchange switched trade in ordinary shares of pipe producer TMK into a discreet auction mode after the stock jumped by over 20% within 10 minutes, the bourse said in a statement. On March 22, TMK agreed to sell its U.S. subsidiary IPSCO Tubulars to Tenaris for $1.209 billion. (Prime/Ukrainian metal)Details
Atomenergomash, a part of the national company Energoatom, has announces its decision to conclude an agreement with Yugpromkomplekt LLC for the delivery of metal wares valued at 645 thousand UAH. Thus, until the end of April, the company has to receive various bolts, nuts, screws, nails, etc. The only competitor of the company was Endar…Details
The EU metal import quotas will be in effect for 101 days. As of March 21, Ukraine has used the following amount of quotas: – hot-rolled metal – 84.1% (1.1 million tons); – cold-rolled metal – 49.03% (50.1 thousand tons); – plates – 22.68% (77 thousand tons); – rebars – 54.68% (34.1 thousand tons); –…Details
Tigers Realm Coal, mining coking and power-generating coal in Kamchatka, received 10.88 million Australian dollars of net profit in 2018, up by 228% YoY. Coal output grew by 131%, to 576 thousand tons. Sales totaled 393 thousand tons, up by 138%. In particular, coking coal sales went up by 326%, to 179 thousand tons, and…Details
Uralelectromed has produced 4 million tons of copper wire rod in 20 years. The total length of the rods produced is 8 million km. Uralelectromed is the largest producer of copper wire rod in Russia. Its share on the domestic market is 40%. (Ukrainian metal)Details
In 2018 Metinvest paid $15.3 million of bonuses to its top managers. In 2017 the bonuses amounted to $13.3 million. In addition to the CEO Yuri Ryzhenkov, the Metinvest board comprises of Yulia Dankova, Alexander Pogozhev, Oleg Tokar, Svetlana Romanova, Dmitry Nikolayenko, Oleg Shudra, Alexei Gromakov, Andrei Yemchenko, Alexander Komlyk, Olga Ovchinnikova and Sergey Detyuk,…Details
Russia’s Mechel has paid in full for the Donetsk Electrometallurgical Plant purchased in 2011. The group lost control over the plant 3 years ago. Mechel bought 100% of the enterprise shares for $537 million with the payment by monthly installments until late 2018. In February Mechel paid the last installment. (Ukrainian metal)Details