The prices of precious metals dropped in Azerbaijan on January 8. The price of gold decreased by 9.945 manats, to 2,181.2615 manats per ounce compared to the price on January 7. The price of silver fell by 0.4041 manats, to 26.4313 manats per ounce. The price of palladium went down by 11.6365 manats, to 2,212.8135…Details
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Currently, Kazatomprom JSC develops 14 of 56 explored deposits with balance reserves of uranium, the company reported. Today the company, which is the world’s largest producer of natural uranium, is engaged in mining in the Turkistan, Kyzylorda and Akmola regions. “All uranium products of Kazatomprom are exported. Over the past months of this year, the…Details
Korea Institute for Rare Metals (KIRAM) and Almalyk Mining and Processing Works will create a joint scientific center on rare metals and alloys. The corresponding agreement has already been signed. The center will comprise 5 laboratories to obtain refractory metals, in particular, tungsten and molybdenum, as well as alloys using nano- and chemical-metallurgical techniques. (Ukrainian…Details
Last year the prices of industrial manufacturers grew by 19% YoY. According to the Statistics Committee of the Ministry of the National Economy, in particular, coal became 10.7% more expensive and metallic ores – 2.2%. Prices of ferroalloys grew by 24%, of rolled metal – by 15.4%, of aluminum – by 3.8%, and of copper…Details
In 2018 Zaporizhstal increased steel production by 4.6% YoY, to 4.105 million tons. According to the company statement, pig iron manufacture grew by 15.6%, to 4.386 million tons, and rolled metal – by 10%, to 3.537 million tons. In December 2018 Zaporizhstal produced 358 thousand tons of pig iron, 344.1 thousand tons of steel and…Details
Magnitogorsk Iron and Steel Works (MMK) has transferred 10 million rubles to a special bank account set up to raise funds to support people affected by the collapse of a residential building in Magnitogorsk. The funds raised are being distributed by the Ministry for Social Relations in the Chelyabinsk region among those affected. Recipients include…Details
In late January the government will finally decide on how to use the territory of the insolvent KVV Liepajas metalurgs. So far the only company, which has bought a shop in order to resume operation there, is Caljan Rite – Hite Latvia. The company produces various conveyers. It has purchased the shop with the size…Details
Another deputy chairman has been appointed in AzerGold, the company reported. Khayyam Farzaliyev has been appointed deputy chairman of the AzerGold board, the company said. The management of AzerGold is headed by Zakir Ibrahimov. After Farzaliyev’s appointment, Ibrahimov has two deputies. Earlier, only Ogtay Mammadov was his deputy. AzerGold CJSC started operating in July 2016,…Details
In 2018 Dneprovsky Iron and Steel Combine increased rolled metal output by 81.5% YoY, to 2.41 million tons. According to the company press-service, steel manufacture grew by 77%, to 2.413 million tons, and pig iron – by 85.3%, to 2.461 million tons. In December 2018 DMK produced 204 thousand tons of rolled metal, 221 thousand…Details
In 2018 Azovstal Iron and Steel Works increased rolled metal output by 1.8% YoY, to 3.879 million tons. According to the company statement, its steel manufacture dropped by 4.2%, to 4.082 million tons, while pig iron – by 1.9%, to 3.707 million tons. In December 2018 Azovstal produced 350 thousand tons of rolled metal, 358…Details
The government of Uzbekistan has approved the main parameters of the Uzbekkhimmash investment project feasibility study to modernize its casting manufacture with the construction of a new shop. According to the Cabinet of Ministers, the modernization should be ready by December. The cost of the project is $23.77 million, with investments into new machinery amounting…Details
The department of the State Property Fund of Ukraine in Dniepropetrovsk region has sold the rectification shop of the Dneprovsky By-Product Coke Plant at an electronic auction. The price of the lot was 8.713 million UAH. The agreement with the buyer was concluded on December 26, 2018. The auction was held on November 27, 2018,…Details
Magnitogorsk Iron and Steel Works (MMK) has donated around 100 million rubles to support those affected by the collapse of a residential apartment building in Magnitogorsk. The donation was approved by the Chairman of MMK’s Board of Directors, Viktor Rashnikov, and the funds were transferred to the accounts of Magnitorgorsk-based charitable foundation Metallurg. Viktor Rashnikov…Details