On November 22 Bachaty Coal Pit of Kuzbassrazrezugol mined the anniversary 350-millonth ton of coal since the pit had been commissioned. None of the coal enterprises in Russia has ever had such results. The pit was commissioned in 1949 with the design capacity of 300 thousand tons of coal per year. In the first year…Details
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Yurga Machine-Building Works has concluded an agreement with the Perspective Technologies LLC to modernize ZT6800/18/38 anchoring sections for the Listvyazhnaya mine. The modernization is necessitated by the increase of the rock mined. Prior to signing the agreement the works has assembled a trial sample of the anchoring. The works has to modernize 143 sections of…Details
Gran LLC, the gold-extracting company from Magadan region, intends to have increased alluvial gold extraction to 500 kg by 2020. In the 2018 season the company obtained 300 kg of gold. Last year the output was 281.1 kg. This year the company has commissioned a processing complex with the daily capacity of 1.5-2 thousand cubic…Details
Since the beginning of 2018 Irkutsk Aluminum Works has produced over 10 thousand tons of innovative alloys of 8030 and 8176 grades. All the metal was used to manufacture aluminum wire rod. Such alloys and wire rod have been allowed by the Ministry of construction to be used in the construction of housing. By the…Details
On November 16-22 metal prices index in Central region dropped by 0.13% WoW. Only rounds saw an increase of 0.18%. Channel prices fell by 0.43%, cold-rolled metal – by 0.27%. Hot-rolled sheet decreased in price by 0.24%, and pipes – by 0.22%. (Ukrainian metal)Details
The open-air museum of mining equipment has been opened in Kriviy Rih for all citizens and visitors of the city. Igor Sokol, the Ambassador of Republic of Belarus in Ukraine, and Piotr Parkhomchik, Chief Executive Officer of BelAZ company, came to visit its opening. Paramjit Kahlon, Chief Executive Officer, PJSC ArcelorMittal Kriviy Rih opened the…Details
Precious metal prices increased in Azerbaijan on November 23, according to the data published by the Central Bank. The price of gold grew by 3.0345 manats, to 2,088.2545 manats per ounce on November 23 compared to the price on November 22. The price of silver went up by 0.0204 manats, to 24.6595 manats per ounce.…Details
Rosterminalugol, operator of Russia’s largest dedicated coal port (run by Port Management Company, PMC LLC) has shipped 18 million tons of export coal year-to-date. According to the stevedoring company, the milestone ton was loaded onto the Panamax ship Capricorn Trader, the 16th vessel received at the terminal since the beginning of the month (the 260th…Details
Kyrgyzstan’s annual demand for gold is 5 tons, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev announced. According to him, the National Bank buys 2.5 tons annually, while jewelers import other 2.5 tons. “Having own gold reserves, Kyrgyzstan is forced to import pure gold. Our jewelers have to pay…Details
Kyrgyzstan increases tax rates on the export of gold ore and concentrates, the head of the Fiscal Policy Department of the Ministry of Economy Kuban Aidaraliev declared. According to him, Article 221 of the Tax Code is amended. Now the price of gold ore and concentrate is determined separately from gold alloy and fine gold.…Details
Cherepovets Iron and Steel Works has started constructing the foundation of the first block of the coke-oven battery No. 1. The continuous pouring of the lower foundation slab lasted for 2 days. Some 2960 cubic meters of concrete have been poured, with over 100 machines used. “The coke-oven battery No. 1 with the technique of…Details
In September Russia exported 9.6 thousand tons of corrosion-resistant steel scrap valued at $11 million, down by 13.6% and by 1.7% YoY respectively. In January-September exports grew by 21.5% YoY, to 83.5 thousand tons valued at $93 million, up by 40%. According to the customs statistics, volume-wise this is the largest result for the past…Details
In January-October Sukhaya Balka increased iron ore output by 8.8% YoY, to 2.263 million tons. In October 225 thousand tons of ore were produced. On November 7, 2017 the Sukhaya Balka license to mine ore was prolonged for 20 years. In 2017 the enterprise decreased iron ore output by 2% YoY, to 2.513 million tons.…Details