The prices of precious metals varied in Azerbaijan on January 16. The price of gold decreased by 2.431 manats, to 2,192.6005 manats per ounce compared to the price on January 15. The price of silver dropped by 0.1644 manats, to 26.4819 manats per ounce. The price of platinum fell by 8.67 manats, to 1,359.4475 manats.…Details
Companies located in Magadan region produced 36.8 tons of gold in 2018, a record for the past 20 years, as the Natalka field of gold producer Polyus reached its projected capacity, the region’s government said in a statement on January 16. Lode gold output in the region amounted to 18.9 tons, and alluvial gold production…Details
Last year Kuzbassrazrezugol mined 48.4 million tons of coal, up by 1% from the annual target. On December 22, 2018 the Baimskaya mine reached its annual output. It was followed by the Krasnobrodskiy pit on December 24, 2018, and after that by Mokhovsky and Kaltansky pits, as well as Kedrovsky pit. On December 28, 2018…Details
In 2018 Beloretsk Iron and Steel Works increased sales of metal wares to car and plane manufacturers, as well as to construction companies. Rods used in machine-building and aviation to produce springs and fasteners saw the highest increase – 25%. Sales of cold-deformed rebars used in construction enjoyed a growth of 23%. Low-carbon wire for…Details
Zaporozhogneupor specialists have completed the repair of the blast furnace No. 2 at Azovstal Iron and Steel Works, The repair has been carried out in 10 days, while the usual term is 14 days. As refractory materials some 35 tons of Zaporozhogneupor concrete were used. With this repair Azovstal was able to additionally produce some…Details
Russky Ugol increased coal output at the Sayano-Partizansky pit in Krasnoyarsk region by 22% YoY, to 1030 thousand tons in 2018. For the first time in its 15-year history the pit has reached the output of 1 million tons of coal per year. The reserves of the deposit, where the pit is situated, exceed 1.5…Details
Russian metals and mining giant Mechel has prolonged a contract with Turkish steel producer Kardemir to raise exports of metallurgic coke by almost 70%, to 200,000 tons in 2019, Mechel said in a statement on January 15. The company will sell coke produced by Mechel’s Moscow Coke and Gas Plant through the Mechel-Temryuk port in…Details
Steel scrap exports in January-November 2018 increased by 9% YoY, to 5.2 million tons. According to the customs statistics, deliveries to Turkey grew by 11.2%, to 2.288 million tons, and to Belarus – by 2%, to 1.222 million tons. At the same time sales to South Korea dropped by 8.9%, to 832 thousand tons. (Ukrainian…Details
ArcelorMittal Kriviy Rih, the biggest mining and steelmaking company of Ukraine, summarized the results of its investment program implementation in 2018. Capex and Opex were increased by one third YoY, from $337 to $443.4 million, including $348.8 million of Capex and $94.6 million of Opex. One of the key 2018 projects was construction of two…Details
In 2018 the Belarusian steel mill BMZ shipped over 2.36 million tons of metal products, 106.2% as against 2017. Innovative products represented over 26% of the sold merchandise, BMZ Press Secretary Alexander Olesik reported. In 2018 BMZ shipped over $380 million worth of innovative products to customers. The company started making 18 new kinds of…Details
Subsidiaries of the United Mining and Chemical Company have concluded agreements with the Eco-Service Trading House LLC on the delivery of fuel valued at 280.96 million UAH. In particular, Volnogorsk Mining and Processing Works ordered 8275 tons of diesel fuel at 30 thousand UAH per ton for the total amount of 248.25 million UAH. This…Details
Energomashspetsstal is continuing its cooperation with ArcelorMittal. In January the company received an order from the European company of ArcelorMittal – Belval & Differdange to produce and supply two rolls for the hot-rolling mill. The total weight of the rolls will be 68.7 tons. According to the contract, they have to be shipped in Q3.…Details
On the night of December 31, 2018, a part of a ten-storey apartment building in Magnitogorsk collapsed following a gas explosion. The explosion and subsequent collapse claimed the lives of 39 people. Employees of Magnitogorsk Iron and Steel Works (MMK) and the MMK Group were involved from the beginning of the rescue effort. MMK deployed…Details
Kolmar, Inaglinsky Mining and Processing Works and AVIC (China) will jointly construct the Inaglinskaya 2 processing factory.
The construction will be carried out in 2 stages.
The enterprise capacity will be 12 million tons of coal per year.
The agreement valued at 3.5 billion rubles was signed on December 25, 2018. (Ukrainian metal)
Uralelectromed has put into operation a new stationary crane manipulator produced by Velmash.
In just a week the machine has already processed over 200 tons of non-ferrous scrap.
The new hydraulic manipulator has replaced an outdated one.
The investments in the machine totaled 2.2 million rubles. (Ukrainian metal)
In January-November 2018 Russia exported 2.79 million tons of raw aluminum, up by 4.4% YoY, valued at $4.903 billion. According to the Federal Customs Service, nickel exports dropped by 3.7%, to 122.1 thousand tons, valued at $1.594 billion, up by 25.2%. Copper exports increased by 15.7%, to 612.3 thousand tons, valued at $3.89 billion, up…Details
Karabashmed has commissioned the second of three Kumera converters.
Two new converters with the capacity of 150 tons each will increase raw copper manufacture by 15-20%.
The third converter will be commissioned this year, while the old machines will be disassembled. (Ukrainian metal)
In January-November 2018 the share of metal and wares in the overall import structure grew to 7.2% from 7.9% last year. In particular, in imports from far foreign countries their share increased to 5.9% from 5.7%, and from CIS countries – to 17.6% from 16.8%. According to the Federal Customs Service, in money terms imports…Details
Metinvest has gathered all the 100% of Central Mining and Processing Works shares. As of December 31, 2018 Metinvest B. V. share in the statutory capital of CGOK grew from 49.751% to 50%, and taking into account the share of Metinvest Management B. V. (50%), the group consolidated 100%. Metinvest B. V. purchased shares on…Details
Russia: MMK funds arrive in accounts of victims affected by building housing collapse in Magnitogorsk
On January 4-11, nearly 65 million rubles of MMK funds were transferred to the personal bank accounts of victims and relatives of those victims affected by the residential building collapse in Magnitogorsk. The charity fund Metallurg, which distributes MMK’s targeted assistance funds, reported that as of January 11, 162 people who had been affected in…Details
The gold, silver and palladium prices for increased in Azerbaijan. The price of gold grew by 1.0455 manats, to 2,195.0315 manats per ounce on January 15 compared to the price on January 14. The price of silver went up by 0.192 manats, to 26.6463 manats per ounce. The price of platinum dropped by 6.5535 manats,…Details
Mariupol metal works products are transported via railroad to the ports of Olvia, Nikolayev and Yuzhniy in Odessa and Nikolayev regions. Previously all Metinvest metal was shipped through the Mariupol Sea Trade Port. “Because of the Azov Sea blockade, the weather conditions and the geopolitical situation, a lot of metal is shipped via ports of…Details
The Federal Antimonopoly Service of Russia has allowed Polyus Krasnoyarsk purchasing 9.8% of the SL Zoloto LLC. As a result of the deal Polyus via its daughter company Polyus Krasnoyarsk will become the owner of 68.2% of SL Zoloto. SL Zoloto is the joint venture between Polyus and Rostec created to develop the Sukhoi Log…Details
Last year enterprises extracting gold in Amur region obtained 22.7 tons, down by 12% YoY. Ore gold accounted for 14.1 tons and alluvial gold – for 8.7 tons. The decrease in the output has to do with the drop in the manufacture at Petropavlovsk enterprises and at the Berezitoviy mine (Nordgold). Thus, last year Petropavlovsk…Details