Precious metal prices increased in Azerbaijan on December 21, the Central Bank reported. The price of gold grew by 24.8285 manats, to 2,140.9885 manats per ounce on December 21 compared to the price on December 20. The price of silver went up by 0.308 manats, to 25.0750 manats per ounce. The price of palladium increased…
DetailsThe Yerevan-based plant Armenal, a part of Rusal, has a chance to return to the aluminum market of US, when the sanctions from Rusal are lifted. The sanctions will be removed in 30 days. This will allow Armenal resuming deliveries of aluminum foil to US. Last year the company sold over $60 million worth of…
DetailsThe largest coal miner in Sakhalin region – The Eastern Mining Company LLC – intends to extract not less than 10 million tons of coal in 2019, up by 25% YoY. At present the EMC enterprise Solntsevsky Coal Pit LLC is carrying out a program to increase output. This year EMC will mine 8 million…
DetailsShareholders of Interpipe Nizhnedneprovsk Pipe Works have decreased the number of supervisory board members from 7 to 5. The decision was taken at the extraordinary shareholders meeting on December 18. Interpipe Management LLC director, Interpipe Limited CEO Fadi Khraibe, Interpipe Ukraine LLC director Denis Morozov and scientific and research director of Interpipe Ukraine LLC Gennadiy…
DetailsThe Ukrainian Association of Ferroalloy Producers (UkrFA) believes that the new Ukrzaliznytsia transportation tariffs could result in the shut down of some of the plants. In particular, the tariff for Nikopol Ferroalloy Plant will increase by 8.4 million UAH per month (with VAT), or by more than 100 million UAH per year. The increase of…
DetailsKuzbassrazrezugol has put into operation a new electric substation Mokhovskaya at the Mokhovsky pit. It has replaced an older substation, the operation of which was impossible due to the development of underground work of the Baykaimskaya mine. The company has also constructed and commissioned the Iganinskaya substation to power mining operations at the new site…
DetailsThis year Gerba LLC, a part of Susumanzoloto, extracted 91.7 kg of alluvial gold with the target at 150 kg. Last year the enterprise yielded 159.2 kg of gold, thus the output this year dropped by 42.4% YoY. The reason of such a decrease is not disclosed. Consolidated gold output at Susumanzoloto group in January-November…
DetailsThe Uskovskaya mine has yielded 2 million tons of coal. The coal was mined from two long faces – 50-06 of the East wing and 50-20 of the West wing. The 1st million tons were mined in May. Uskovskaya mine, a part of Raspadskaya Coal Company, extracts coking coal. (Ukrainian metal)
DetailsKimkano-Sutarsky Mining and Processing Works has signed an agreement with Gazprombank on borrowing $240 million for 8 years. The funds will be spent to develop the Sutarskoye deposit in the Jewish Autonomous Region with the design capacity of 3.2 million tons of iron ore concentrate per year. KSGOK is developing two deposits with the consolidated…
DetailsMechel-Koks has commissioned the modernized coke-oven battery No. 7. The modernization will help decrease air pollution when producing coke by 9.1 tons per year. The cost of the project was 76 million rubles. Since 2006 Mechel has invested some 5 billion rubles in Mechel-Koks modernization, including 1.4 billion rubles in environment protection. (Ukrainian metal)
DetailsThe state enterprise Ukrpromvneshexpertisa believes that in January 2019 scrap deliveries to metal companies will decrease by 3.85% MoM, to 250 thousand tons. In February 2019 deliveries will further drop to 185 thousand tons because of the considerable fall of demand for imported raw materials and the seasonal factor. For December Ukrpromvneshexpertisa forecast scrap deliveries…
DetailsVolumes of scrap procurement have been falling for the past 5 years. According to the Ukrainian Association of Secondary metals (UAVtormet), procurement fell from 4.6 million tons in 2013 to 3.7 million tons in 2017. In January-November Ukrainian enterprises collected 3.35 million tons of scrap, and in 2018 are expecting to gather 3.5 million tons.…
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