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The prices of precious metals decreased in Azerbaijan. The price of gold dropped by 4.1225 manats, to 2,193.986 manats per ounce on January 14 compared to the price on January 11. The price of silver fell by 0.213 manats, to 26.4543 manats per ounce. The price of platinum went down by 23.749 manats, to 1,374.671…
DetailsOn January 10 ArcelorMittal Temirtau produced the 200-millionth ton of pig iron. The blast furnace No. 1 was put into operation on July 3, 1960. At present the plant operates 3 blast furnaces employing 370 people in the shop. (Ukrainian metal)
DetailsYekaterinburg Non-Ferrous Metals Processing Works is actively studying the African market in order to develop cooperation with local mining and processing companies. In December 2018, a company delegation visited Algeria. During the visit the company delegation met representatives of a refining plant, a mining company, National geological survey bureau, and mineral fertilizers manufacturer. “African countries…
DetailsSinarsky Pipe Works has commissioned new machinery to produce couplings of various sizes for high-strength pipes with Premium joints. The VSC-400 SM coupling sleeve making machine (EMAG) has been assembled in the oil segment pipes shop. This is the 8th machine. The previous 7 were commissioned in 2000-2015. (Ukrainian metal)
DetailsChelyabinsk Iron and Steel Works will supply rolled metal for the construction of a railroad station on the Far East. Over 3 thousand tons of rebars will be used in construction in the Republic of Sakha (Yakutia). ChMK won the tender to supply rebars in December 2018. 2 thousand tons of rebars have already been…
DetailsArcelorMittal Temirtau intends to have reached the target capacity by late January – early February. The company is still recovering from the major accident in November 2018. In particular, it is stabilizing the operation of the coke batteries. “As the full recovery of the manufacturing processes cannot be achieved in an instant, we commission them…
DetailsGold production on Russia’s Chukotka peninsula decreased by 4.81% YoY, to 24.130 tons in 2018, an official at the regional industry policy, construction, and housing and utilities department reported on January 14. Placer gold output grew by 11%, to 2.583 tons. Output of Chukotka Mining and Geological Company, a unit of Kinross Gold, rose by…
DetailsThe price of one ounce of gold increased by 6.902 manats or by 0.31% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,190.6217 manats. The price of one ounce of silver decreased by 0.1681 manats or by 0.63%, to 26.6537 manats. The price of one ounce of platinum…
DetailsThe first resident of the Nizhnekamsk advanced development territory – Kamastal – has started operating. “On December 31, 2018 Kamastal produced its first painted sheet of coil steel”, the local authorities reported. The company became the resident in May last year. Investments in the project are estimated at 428 million rubles. And the capacity is…
DetailsGold production in Russia’s Khabarovsk region increased by 6% YoY, to 24.5 tons in 2018, the region’s government press service said. “The Khabarovsk region has set a new gold production record. Miners have already reported about 24.5 tons of the precious metal in 2018. This is not the final figure but it exceeds the previous…
DetailsThe subsidiaries of the United Mining and Chemical Company have announced their intention to conclude 8 agreements with United Global Logistic LLC for the transportation services valued at 483.84 million UAH. This year Irshansk Mining and Processing Works is ordering railroad transportation and processing of cargo at 283.02 million UAH, and Volnogorsk Mining and Processing…
DetailsUnder the project to construct the continuous casting machine No. 4 Mariupol Ilyich Iron and Steel Works has purchased new special machinery. A new MAZ-based skip-lift will transport the powder wastes of the converter manufacture. Its cost is some 1.6 million UAH. The new machine will in future service not only the CCM No. 4,…
DetailsThe prices of precious metal decreased in Azerbaijan. The price of gold dropped by 4.743 manats, to 2,198.1085 manats per ounce on Jan. 11 compared to the price on January 10. The price of silver fell by 0.1047 manats, to 26.6673 manats per ounce. The price of platinum went down by 7.072 manats, to 1,398.42…
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