The prices of precious metals increased on August 27, according to the data published by the Central Bank. The price of gold increased by 31.824 manats, to 2051.526 manats per ounce on August 27, compared to the price on August 24. The price of silver grew by 0.4952 manats, to 25.2522 manats per ounce. The…Details
The repair service of Kosaya Gora Iron and Steel Works has started a new project – creating an additional site to stock products. The decision has been taken due to the warehouses of the blast furnace shop being not enough. The project will allow the company guaranteeing the fulfillment of orders in time. The company…Details
Electrocable has supplied 70 km of cable for the construction of the second stage of UGMK-Agro greenhouse complexes. The total volume of deliveries, including for the first stage, reached 400 km. The construction of the first stage ended in 2017. The second 5-generation greenhouse with the area of 6.8 ha will have been commissioned by…Details
The Volgograd-based Krasniy Octyabr is carrying out the program of technical revamping.
The next step is the assembly of boiler houses.
So far subcontractors have prepared foundation for 4 mini-boiler houses. The foundation for 2 more is under construction.
Viessmann Group will supply the machinery. (Ukrainian metal)
The price of one ounce of gold increased by 3.621 manats or by 0.1796% last week, to 2022.385167 manats. The price of one ounce of silver decreased by 0.361 manats or by 1.4372%, to 25.01767 manats. The price of one ounce of platinum decreased by 15.4785 manats or by 1.1519%, to 1343.92083 manats. And the…Details
Since the start of the year Silver Bear Resources Plc has sold 3.3 tons (118.3 thousand ounces) of silver extracted within the Mangazey project in Yakutia. In March-June the company produced 1822 kg (64.287 thousand ounces) of silver in powder form. In June Prognoz, controlled by Silver Bear Resources, produced some 1000 kg of silver…Details
The board of directors of the gold-extracting company Poluys has recommended the extraordinary general meeting of the shareholders to pay dividends for January-June in the amount of 131.11 rubles per ordinary share. The total amount of dividends to be paid reached 17.35 billion rubles ($253.2 million), or 30% of the EBITDA. In H1 the company…Details
According to the state enterprise Ukrpromvneshexpertiza, in September, scrap stocks of metal companies will decreased by 11.11% MoM, or by 10 thousand tons, to 80 thousand tons. At the same time in October scrap stocks will grow by 18.75% MoM, or by 15 thousand tons, to 95 thousand tons. As of mid-August scrap stocks at…Details
In July railroad deliveries of metal to the major oil and gas enterprises totaled 298 thousand tons, down by 22% YoY.
In January-July deliveries dropped by 10.7% YoY, to 2.5 million tons.
According to the railroad statistics, this is the lowest result in the past 9 years. (Ukrainian metal)
Electrozinc has started assembling new machinery in the leaching shop. The modernization of the site with the assembly of two large ball mills and construction of a new division of neutral leaching is carried out under the program of development in 2018-2022. “The project will provide for the decrease of zinc dust usage to clean…Details
The Uralskaya Kuznitsa Works has successfully passed the re-certification audit of the quality management system correspondence to ISO 9001:2015. The audit has been carried out by TUV Rheinland. The company specialists have checked the forge-press and mechanical shops, and talked to the employees. As a result of the inspection, the quality management system has been…Details
Metalloinvest has started implementing the technique of fine screening at Mikhailovsky Mining and Processing Works. The use of new Derrick screens will improve the quality of the concentrate by increasing iron contents from 65% to 67%, while decreasing the content of silicon dioxide. Investments in the project by the end of 2022 are estimated at…Details
The net profit of the Russian coal producer Raspadskaya rose by 34% YoY, to $225 million in January-June, as calculated under International Financial Reporting Standards (IFRS), the company said in a report on August 24. Revenue went up by 23%, to $542 million in the period, and gross profit grew by 27%, to $306 million.…Details
International rating agency Fitch has affirmed a long-term issuer default rating and senior unsecured ratings of Russian metals holding Metalloinvest at BB, and revised the outlook on ratings to Positive from Stable, the agency said in a statement late on August 23. “The outlook revision reflects continued financial improvement, recovery on the global iron ore…Details
The prices of precious metals, except for palladium, decreased on August 24, according to the data published by the Central Bank. The price of gold decreased by 11.6705 manats, to 2,019.702 manats per ounce on August 24 compared to the price on August 21. No prices of precious metals were set on August 22 and…Details
Centerra Gold Inc. has agreed with the government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date is the date by which all conditions precedent…Details
The ABB Ability MineOptimize solution will increase the output capacity of KAZ Minerals works. ABB has won a tender to supply a complex solution to electrify and automate the new processing factory at Aktogay. This is the third major order from KAZ Minerals to ABB. The ABB order is a part of the expansion project…Details
The Rusburmash Company has finished drilling to carry out prospecting works at the Kolichikanskoye deposits in the Republic of Buryatia. The start of the uranium mining is scheduled for 2020. This is the fourth deposit to be developed by Khiagda. At present the company is developing Khiagdinskoye and Istochnoye deposits, as well as carrying out…Details
Korshunovsky Mining and Processing Works is commissioning a new drilling rig at the Rudnogorsky mine.
The machine has been purchased under the program of capital investments.
At present the machine is being assembled.
The company has 14 days to assemble the rig, after that it will be commissioned. (Ukrainian metal)
The Central Bank of Russia has increased gold purchases to the maximum since the start of the year. In July Russia bought slightly over 26 tons of gold, increasing its gold reserves to 2170 tons valued at $77.4 billion. A larger purchase was only in November 2017. The Central Bank started increasing gold reserves in…Details
Karelsky Okatysh is implementing new techniques in the power sphere. The company is carrying out a major project to make all the electric substation automated. The project will run till 2021. Investments total 500 million rubles. “The project started in 2013. It was very difficult, as no Russian enterprise had such a project. We had…Details
In January-June ChTPZ received 5.621 billion rubles of net profit, up 2.7-fold YoY. The adjusted EBITDA grew by 48%, to 16.238 billion rubles. Revenue went up by 31%, to 94.941 billion rubles, and gross profit – by 36%, to 23.477 billion rubles. The company net debt grew by 8.6% and as of June 30 amounted…Details
Severstal has presented a new type of vibration and noise suppression steel 01U5T. Damping steel can be used to construct transport infrastructure objects (railroad and subways), as well as in power, household, ventilation and military machines, mining, metal processing, etc. The steel mechanical characteristics are on par with structure steel 09G2S-295, while its prime cost…Details
PJSC ArcelorMittal Kriviy Rih has won a rebars drop shipment contract for construction of new wind power plant (WPP) in Overyanovka village of Kherson region. Rebars of the enterprise are used for raising foundations for wind-powered generators of new power generation plant in the southern part of Ukraine. Kherson region is one of the leading…Details
Prime Minister Vladimir Groysman has ordered the Ministry of Finances and the Ministry of Energy and Coal Industry headed by Igor Nasalik to find additional sources of financing the state coal industry. “We need more system changes to attract investments and increase local coal output”, he said at a government meeting on August 23. He…Details
The copper-smelting shop of Uralelectromed has modernized and commissioned an anode furnace No. 2 with the unification of anode removers for two types of anodes – 260 and 392 kg. In three weeks of operation the furnace has produced some 7 thousand tons of copper anodes. “With the commissioning of the second stage of the…Details