In January-June Primorsky Mining and Processing Works produced 1073.6 tons of tungsten concentrate and 235.7 tons of copper concentrate, up by 35% and by 5% YoY respectively. The increase has to do with miners getting closer to ore body. This year the enterprise intends to produce 2700 tons of tungsten concentrate and 1600 tons of…
DetailsThe net profit of Russian aluminum giant UC RUSAL doubled YoY, to $952 million in January-June from $470 million in the same period of 2017, the company said in a report on August 6. Adjusted net profit went up by 15%, to $535 million, while the recurring net profit gained 41.5%, to $971 million. Adjusted…
DetailsPrices of precious metals except for palladium changed over to increase in Azerbaijan on August 6, according to the data published by the Central Bank. The price of gold increased by 13.5235 manats, to 2066.01 manats per ounce compared to the price on August 3. The price of silver increased by 0.2476 manats, to 26.2594…
DetailsIn July DTEK Dneprovskoye Mine Group put 3 long faces into operation. On July 31 the mine named after Stashkov commissioned another face. DTEK investments totaled 39.9 million UAH. The long face will yield 500 thousand tons of power-generating coal. By the end of the year DTEK Dneprovskoye Mine Group intends to have commissioned 4…
DetailsThe speaker of the Verkhovna Rada Andrei Parubiy has signed the decree on state coal industry financing. The decree has been sent to the president Petro Poroshenko. 261 members of the parliament voted in favor of the decree. The decree aims to clear salary debts to state miners. (Ukrainian metal)
DetailsIn January-June Dalnegorsk Mining and Processing Works mined 469.5 thousand tons of datolite ore, down by 8% YoY. From August 3 all the machinery at the works is gradually shut down for 25-30 days for repair. The works will be resumed in September. As of January 1, 2017 the datolite ore reserves at the Dalnegorskoye…
DetailsMechel has prolonged the contract to supply coal to Baosteel Resources, a part of China Baowu Steel. The new agreement is valid till June 2019. Within this period Mechel will ship 700 thousand tons of premium grade coking coal to China – up to 40 thousand tons each month. The price will be set on…
DetailsIn January-June Primorye region extracted 104 kg of gold, including 70.5 kg of ore gold and 33.5 kg of alluvial gold, down by 18% YoY. The main extractor of ore gold in the region is Primorksiy Mining and Processing Works operating at the Vostoc-2 deposits. Silver output dropped by 20%, to 16.9 tons. Last year…
DetailsEnergomashspetsstal is developing cooperation with the customers. In February the company obtained a qualification order from AM/NS Calvert to produce 3 supporting rolls for hot-rolling mills. One of the rolls weighing 19.7 tons has already been shipped to the customer. Two more rolls with the weight of 48.8 tons each are on the final stage…
DetailsNTZ TEM-PO has reached the annual capacity of 840 thousand tons of pipes (6 manufacturing lines). The company also has the capacities to coat pipes (10 thousand tons per month). On August 3 NTZ TEM-PO commissioned the line to produce large diameter pipes (from 530 to 720 mm, with the wall thickness of 6 to…
DetailsOn August 2 a contractor employee perished at the Mariupol Ilyich Iron and Steel Works. The man fell from on high. The accident happened because of the safety rules violations. This is the third lethal accident at the works since the beginning of the year. In March a person fell into the ventilation shaft of…
DetailsAccording to Turkish Statistical Institute (TUIK), in January-June Turkey increased scrap imports by 15.8% YoY, to 10.77 million tons. In particular, Russia increased deliveries by 60%, to 1.33 million tons. In June scrap imports from Russia grew by 66.1%, to 299.165 thousand tons. (Ukrainian metal)
DetailsMetinvest has indirectly become a shareholder in the Pokrovskoye Mine Group, the largest coking coal manufacturer in Ukraine. Since Q2 2017, 57.29% of Pokrovskoye have been transferred from Donetskstal to Industrial Coal Holding LLC (ICH). At present Metinvest B. V. holds 24.99% in ICH. (Ukrainian metal)
DetailsThe representatives of several state coal enterprises have started a meeting near the Ministry of energy and coal industry demanding their salary debts to be cleared and the coal industry reanimated. According to them, the document signed by the energy minister Igor Nasalik on the clearing of the 1.5-billion UAH debt to state miners is…
DetailsThe price of one ounce of gold decreased by 21.896 manats, or by 1.06% last week, to 2,070.5099 manats per ounce. Last week, the price of one ounce of silver decreased by 0.2008 manats, or by 0.77%, to 26.21038 manats. The price of one ounce of platinum increased by 0.442 manats, or by 0.03%, to…
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