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The price of one ounce of gold increased by 7.429 manats or by 0.3% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,184.0027 manats. The price of one ounce of silver decreased by 0.1095 manats or by 0.4%, to 25.291 manats. The price of one ounce of platinum…
DetailsEnergy and Coal Industry Minister Ihor Nasalyk said that the function of managing state-owned enterprises should not fall within the ministry’s competence. He stated this at a meeting with experts of the government-public initiative “Together against corruption”, the Energy and Coal Industry Ministry’s press service reported. “The ministry should be responsible for forming policy and…
DetailsIn April, the Southeastern railroad transported 6.909 million tons of cargo, with 28.195 million tons transported in 4 months. In particular, the transportation of coal increased by 168.3% YoY, to 120.7 thousand tons, iron and manganese ore – by 4.9%, to 13.7 million tons, ferrous scrap – by 24.3%, to 92.8 thousand tons, refractories –…
DetailsA special front-end cutter allows preparing long faces for coal mining faster and makes drifters work safer. There are only two such machines in Ukraine. The third Corum machine will operate at the Pavlograd Mine Group. The capacity of the machine is 1.5 tons per minute. The machine can increase the speed of the excavation…
DetailsOne of the largest metal-processing enterprises in the Baltic States – RK Metāls grupa – last year received 20 million euro, up by 40% YoY. “We used to take as many orders as we could take care of. This limited our possibilities. A year or two ago we changed our approach. We now take as…
DetailsThe Metinvest Green Center has held a competition “100 yards” on the urban improvement of Kriviy Rih. This year, 197 projects were submitted for the competition. The projects have been evaluated by specialists from the site improvement and housing spheres, citizen representatives and miners. The competition has been running since 2016, and so far Metinvest…
DetailsIn January-April Ukraine exported 858.06 thousand tons of pig iron valued at $281.94 million, down by 16.2% and by 17.2% YoY respectively. According to the State Fiscal Service, the main customers were USA (55.6%), Italy (12.88%) and Turkey (9.44%). At the same time Ukraine imported 221 tons of pig iron valued at $356 thousand, as…
DetailsOn May 6, an employee was injured at ArcelorMittal Kriviy Rih. The accident happened at the blast furnace shop No. 1 bin trestle. The Industrial Service Company LLC employee was loading sinter and got burned. (Ukrainian metal)
DetailsIn January-April, Ukraine exported 2.383 million tons of carbon steel semi-finished products valued at $990.036 million, up by 5.3%, but down by 5.4% YoY respectively. According to the State Fiscal Service, the main customers were Italy (30.61%), Egypt (17.41%) and Algeria (8.42%). In 4 months Ukraine imported 25.458 thousand tons of steel semis valued at…
DetailsOn May 10, three auctions to sell scrap via the Prozorro electronic system, organized by Ukrzaliznytsia, were declared not taken place. The Ukrainian Railways intended to sell three lots: – 4 thousand tons of steel shavings for 17.4 million UAH; – 0.5 thousand tons of various scrap for 2.9 million UAH; – 0.04 thousand tons…
DetailsTMK postpones the SPO of its Romanian enterprise TMK-Artrom. TMK Europe intended to place 69 million shares of TMK-Artrom or 59.3955%. Moreover, the main shareholder demanded to hold a meeting of shareholders to cancel the previous decision to increase statutory capital. SPO was announced in late April. TMK-Artrom has a 16.1% share on the seamless…
DetailsPrecious metal prices decreased in Azerbaijan on May 10 compared to the prices on May 8. The price of gold dropped by 0.7225 manats, to 2,187.3900 manats per ounce. The price of silver fell by 0.2697 manats, to 25.1462 manats per ounce. The price of platinum went down by 29.461 manats, to 1,457.5290 manats per…
DetailsTulachermet has replaced its bridge crane. The preparation for the replacement lasted for a week. The 10-storey high crane had to be set in place without damaging nearby pipelines. At present the engineers are preparing to test the crane. After the inspection it will be put into operation, and the old crane will be disassembled.…
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