In January-February, Armenian metal industry decreased output by 17.6% as opposed to a drop of 10.8% last year. The only increase was registered for ferromolybdenum manufacture – by 46%, to 1041 tons, as opposed to a drop of 38.6%. In February, ferromolybdenum output totaled 555 tons, up by 14.2% MoM. Copper concentrate manufacture fell by…Details
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In January-March, Chukotka Autonomous District extracted 5315 kg of gold, almost unchanged YoY. Silver output dropped by 6.6%, to 25.6 tons. At present 5 enterprises are mining gold in the region: Chukotka Mining and Geological Company, Severnoye Zoloto LLC, Mayskoye LLC, Rudnik Karalveyem and Rudnik Valunistiy LLC. Alluvial gold extraction will last from May till…Details
In February, Armenia produced 887 tons of molybdenum concentrate, up by 7.9% MoM and by 6.4% YoY. FeMo manufacture grew to 555 tons, by 14.2% MoM and by 51% YoY. The increase is due to the growing demand in Europe, the main sales market for Armenia. In January-February, molybdenum concentrate output dropped by 4.6% YoY,…Details
In March, Far Eastern Railroad transported 4.27 million tons of cargo, up by 1.8% YoY. In particular, iron and manganese ore transportation grew by 9.3%, to 533 thousand tons, and metal wares – by 22.4%, to 290 thousand tons. At the same time transportation of coal decreased by 5.8%, to 4.596 million tons. (Ukrainian metal)Details
In March, Electrum Plus LLC, a part of Susumanzoloto, extracted 35.5 kg of gold at the Vetrenskoye mine in Magadan region. The combined result for the first quarter is 95.1 kg of gold with the target at 72 kg. At the same time YoY results dropped – in Q1 2018 Electrum Plus produced 96.8 kg…Details
Beloretsk Iron and Steel Works has supplied trial batches of steel ropes with polymer coating to Kazakhstan, Belarus, Uzbekistan, Kyrgyzstan, Bulgaria and Estonia. These ropes have higher wear-resistance compared with ropes without polymer coating. BMK is the first company in Russia to produce such ropes. Beloretsk Iron and Steel Works exported ropes with diameter of…Details
In January-February Russia exported 675.8 thousand tons of aluminum valued at $1.232 billion, up by 49.4% and by 49.7% YoY respectively. According to the Federal Customs Service, nickel exports grew by 41.4%, to 26.3 thousand tons valued at $312.6 million, up by 27.4%. And the exports of copper went up by 4.9%, to 131.8 thousand…Details
Mines of the two state enterprises – Toretskugol and Lisichanskugol – have received warnings that they will not be provided with electricity due to debts. At some enterprises electricity has already been partially cut off. The trade unions noted that the order of the Cabinet of Ministers to provide 450 million UAH from the state…Details
Energomashspetsstal has concluded an agreement with the daughter company of the global industrial concern SalzgitterAG. Salzgitter Flachstahl GmbH has become the new business partner of the company. According to the agreement, EMSS will produce and ship 2 supporting rolls to Germany. The total weight of the rolls to be delivered in Q4 is 80 tons.…Details
In January-March Electrostal Tyumeni produced 131.3 thousand tons of rolled metal, including 33 thousand tons of bars, up by 53% YoY. The company intends to have reached its full design capacity by late 2019. Last year Electrostal Tyumeni sold 549 thousand tons of rolled metal, up by 17% YoY. The company has mastered the manufacture…Details
Severstal Steel Decisions has started manufacturing metal structures for the construction of two buildings of foundries of the Cherepovets Iron and Steel Works blast furnace No. 3. The total volume of the order is over 5 thousand tons. The first thousand tons have already been produced at the site in Orel. Metal structures will be…Details
In January-March Ukraine exported $2.42 billion worth of ferrous metals, up by 14.6% YoY. According to the State Fiscal Service, ferrous metals accounted for 19.69% of the total export revenue as opposed to 22.6% in Q1 2018. In March revenue totaled $758.63 million. Imports in Q1 dropped by 3.4%, to $271.33 million ($96.17 million in…Details
Gold prices increased in Azerbaijan on April 10 compared to the prices on April 9. The price of gold grew by 5.2785 manats, to 2,214.2415 manats per ounce. The price of silver decreased by 0.1211 manats, to 25.824 manats per ounce. The price of platinum fell by 21.08 manats, to 1,514.717 manats. And the price…Details