Gold prices decreased in Azerbaijan on December 12, while silver, platinum and palladium prices increased. The price of gold dropped by 3.842 manats, to 2,115.4205 manats per ounce on December 12 compared to the price on December 11. The price of silver grew by 0.0245 manats, to 24.8449 manats per ounce. The price of palladium…Details
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The aluminum casting works RosALit has passed the technological audit of the spare parts manufacture organized by the Russian representatives of the Volvo Group. In December the company will supply the first batch of its own spare parts – transmission case covers – for Volvo trucks to the plant in the city of Kaluga. The…Details
Energomashspetsstal continues its cooperation with ArcelorMittal Temirtau (Kazakhstan). Under a previously concluded contract the company has shipped another batch of back-up rolls. The batch included 10 bulk rolls for cold- and hot-rolling mills. The total weight of the batch was 306 tons. This month 250 tons more will be shipped to AMT. In January EMSS…Details
UralKuz has started selling bulk forgings made of 50-ton ingots. Such products are in high demand in machine-building. This year some 1500 tons of such forgings have already been sold. The ingots are supplied by Chelyabinsk Iron and Steel Works. The new forgings are used by Mechel enterprises, as well as supplied abroad – to…Details
In 2018 Ruspolymet has doubled its exports, to 2 billion rubles. Next year the company intends to further increased exports by 1 billion rubles. At present the company exports rings and heat-resistant steel forgings. By 2024 Ruspolymet expects to have increased its exports to 6 billion rubles annually. (Ukrainian metal)Details
The volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles. 3 thousand jobs will be created. The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)Details
The shareholders of Magnitogorsk Iron and Steel Works (MMK) have approved payment of 2.114 rubles per share in dividends for January-September, the company said in a statement on December 12. The shareholder register for dividends is to close on December 18. MMK paid 1.589 rubles per share in dividends for April-June, 0.801 rubles per share…Details
In January-October Russia exported 161.2 million tons of coal up by 10.3% YoY. In October coal exports dropped by 23.3% MoM, to 14.8 million tons. Revenue from coal exports in 10 months increased by 25.5%, to $13.7 billion. According to the Federal Customs Service, coke exports in 10 months decreased by 9.6% YoY, to 9.6…Details
In January-November the volume of industrial output in Kazakhstan increased by 4.5% YoY, including by 4.7% in mining. Iron ore mining grew by 7.3% due to the increase in the output at Sokolovsko-Sarbaysky Mining and Processing Works. Non-ferrous ores output increased by 3.9%. (Ukrainian metal)Details
Severstal Steel Ropes has registered a new trademark – Triniks. The mark will be applied to products used in cargo and passenger cable roads. The name of the trademark is comprised of the part of the Latin word trinus (journey) and nix (snow, with changed letters). “The industry of ski sports and extreme attractions is…Details
In 2018 Yekaterinburg Non-Ferrous Metals Processing Works has continued increasing the geography of sales. This year the company has entered the new markets in Europe and South-Eastern Asia, including Spain (products for medical industry) and Thailand (standard silver samples). Thus, the geography of exports has expanded to 33 countries. The company has also been making…Details
Raspadskaya mine extracted 806 thousand tons of coal in November, up from the target of 684 thousand tons. This is the best monthly result among Raspadskaya Coal Company enterprises. This is also the highest result for the past 8 years. The mine is managed by the Raspadskaya Coal Company and extracts coking coal. (Ukrainian metal)Details
In January-November Priisk Solovievsky extracted 2933.9 kg of gold on the territory of Amur region, down by 2.2% YoY. 1992.9 kg accounted for alluvial gold, and the rest (941 kg) for ore gold from the Solovievsky deposit. In 11 months of 2017 the company extracted 2999.4 kg of gold, including 2055.2 kg of alluvial gold…Details