In 2018 Ukraine exported 2.27 million tons of metal valued at $1.32 billion to Russia, up by 15.9% and by 21.4% YoY respectively. Bars and sections accounted for 52% of the exports, up by 20.8%, including construction rebars and rolled wire (53%, up 1.75-fold). The exports of flat rolled metal increased by 1.8%, to 33.3%.…Details
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Polymetal Int will start extracting platinum at the Viksha deposit in Karelia in 2025. Investments in the deposit are estimated at $500 million. The development is expected to last for 30 years. Polymetal bought the Viksha in 2012. And it became its first platinum group deposit. (Ukrainian metal)Details
In 2018 Russia exported 1,64 million tons of steel valued at $1103 million to Kazakhstan, down by 11.8%, but up by 2.3% YoY respectively. According to the customs statistics, this is the largest result in the past three years. The share of bars and sections is 35%, down by 27.5%, and flat rolled metal –…Details
In 2018 Russia exported 5.05 million tons of steel rolled metal and pipes to Turkey valued at $2973 billion, down by 11.8% and up by 6.1% YoY respectively. According to the customs statistics, flat rolled metal accounted for 50% of exports, including thin-sheet steel (80%, down by 13.7%). Exports of semi-finished products decreased by 10%,…Details
Magnitogorsk Iron and Steel Works (MMK) sold a record amount of galvanized steel in 2018 – around 1.3 million tons. MMK’s share in the product’s consumption in Russia amounts to 34%. According to the Senior Manager of MMK’s Coated Products Sales, Vadim Dorofeev, who spoke at the 14th International Conference “Galvanized and painted steel –…Details
The gold and silver prices increased in Azerbaijan on March 18. The price of gold grew by 3.009 manats, to 2,209.813 manats per ounce compared to the price on March 15. The price of silver went up by 0.0371 manats, to 25.999 manats per ounce. The price of platinum decreased by 1.394 manats to 1,408.654…Details
The price of one ounce of gold increased by 0.9095 manats or by 0.4% last week in Azerbaijan, to 2,210.0612 manats. The price of one ounce of silver decreased by 0.0671 manats or by 0.3%, to 26.1093 manats. The price of one ounce of platinum grew by 24.2505 manats or by 1.8%, to 1,407.8193 manats.…Details
Polymetal International plc has started carrying out a project to construct the second stage of Amur Hydrometallurgical Works. The commissioning is scheduled for Q3 2023. At present the AGMK is processing raw materials from the Albazino deposit in Khabarovsk region, Mayskoye in Chukotka and Abyrchik in Kazakhstan. When the second stage is commissioned, the enterprise…Details
For the third year in a row Taganrog Iron and Steel Works has been receiving losses. Thus, in 2018 Tagmet net losses amounted to 2.139 billion rubles, up by 15% YoY. In 2017 the losses exceeded 1.86 billion rubles, and in 2016 – 885 million rubles. In 2012-2015 the company was seeing profit. Last year…Details
In January-February Zaporozhye Iron Ore Complex increased iron ore output by 0.5% YoY, to 739 thousand tons. The iron content was 60.87%. The enterprise sold 786.6 thousand tons of iron ore raw materials, up by 4.6% from the target. In February ZZhRK mined 371.5 thousand tons of ore, up by 1%, with iron content of…Details
In January-February Magadan region mined 90 thousand tons of coal, down by 10% YoY. Three companies mine coal in the region – Kolyma Coal Company LLC, Association of Business Cooperation and the North-Eastern Coal Company LLC, but at present the latter is not operating. Last year the region extracted 401.7 thousand tons of coal. (Ukrainian…Details
Uralelectromed has started assembling a new machine – the 1000-ton Hidroliskan press in the powder wares shop. The machine will improve the technological capabilities of the shop and increase its output volume. Uralelectromed is the largest manufacturer of copper powder wares in Russia. It has been producing such wares since 1993. Since then the shop…Details
Yakovlevsky Mining and Processing Works has assembled a new complex to crush and transport ore at its crushing and sorting factory. Under the program of modernization, the enterprise has put into operation a new Metso crushing machine. The machine can process ore up to 10 mm fraction. Its capacity is 400 tons per hour, up…Details