Russia’s gold refining rose by 1.65% YoY, to 231.65 tons in January-September, the Finance Ministry said, citing gold supplies to refining plants data. Mined gold output rose by 3.44%, to 194.86 tons, while by-product gold output decreased by 12.83%, to 11.69 tons, and gold scrap production fell by 3.79%, to 25.10 tons. Russia’s silver output…Details
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ArcelorMittal Kriviy Rih has purchased 4 new BelAZ trucks with the lifting capacity of 136 tons, two sprinkler machines and a bulldozer all valued at 162.5 million UAH. The dump trucks will be used at the construction of the Stepnoy-2 dumpsite. The large-scale replenishing of the fleet is due to the increase of ore mining…Details
In January-September Russia increased pig iron exports by 27% YoY, to 4.3 million tons valued at $1.6 billion, up by 40%. According to the customs statistics, exports to US accounted for 53.1%, up by 3.2%. Hong Kong imported 572 thousand tons of pig iron, Italy – 492.2 thousand tons of pig iron, up 2.5-fold, and…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in mid-December the average price of ferrous scrap on the domestic market will grow by 4.11% MoM, to 7756 UAH per ton. In November prices increased by 7.97% MoM, to 7450 UAH per ton. Last month metal companies continued increasing purchase prices in order to revitalize deliveries. The main…Details
In October Ukraine exported $33.929 million worth of iron ore, up by 15.7% YoY, while imports totaled $5.522 million. According to the State Fiscal Service, China was the largest importer of iron ore. In January-October Ukraine increased exports of iron ore by 7.9% YoY, to $2352.3 million, while imports dropped by 95.6%, to $0.954 million.…Details
The Ministry of economic development and trade has created a list of goods, the export and import of which are subject to licensing, as well as quotas for 2019. The ministry suggests zeroing quotas for silver, gold (except for bank metals), scrap and waste of precious metals again next year. It is also suggested to…Details
The board of directors of Bashkiria Soda Company (produces 80% of soda in Russia) has approved the creation of the titanium dioxide manufacture with the capacity of 100 thousand tons and zirconium oxychloride (25 thousand tons) in 2024-2026 together with Kazakhstan. BSC will have 51% in the project valued at $905 million. The manufacture will…Details
The mining company Bystrinskoye LLC is preparing the machinery for commission at the Bystrinsky Mining and Processing Works. All will be ready in 2019. And in 2020 the company intends to reach the scheduled capacity of 10 million tons of ore per year. So far the company has hired some 2 thousand employees and is…Details
The borders of the Kamchatka priority development area have been extended. 12 new land plots have been added to its territory. There investors intend to construct mining and processing works to develop gold and silver deposits. The company Ametistovoye will construct a mine and modernize its gold-extracting factory. Kamchatskoye Zoloto will develop the Zolotoye, Kungurtsevskoye…Details
Kyshtym Electrolytic Copper Plant has carried out a scheduled repair of its main copper-smelting machine – the MAERZ furnace with the volume of 380 tons and the capacity of 125 thousand tons of anode copper per year. The furnace was shut down for only 24 hours. 20 tons of refractory bricks were used in repair.…Details
In January-September the export of Russian raw nickel totaled 101.8 thousand tons valued at $1366 million. The export volumes fell by 1.5%, while revenue grew by 36.1% YoY. In September the average price was $11646 per ton FOB, up by 4.8% YoY. (Ukrainian metal)Details
Total throughput of Cherepovets Iron and Steel Works port during the navigation period has grown by 2.8% YoY, to 4.4 million tons. Metal throughput increased by 3%, to 1.65 million tons. “The increase is the result of the improved logistics, in particular, the use of the same fleet to transport raw materials and metal products”,…Details
Magnitogorsk Iron and Steel Works (MMK) became a national prizewinner of “Prioritet 2018”, a national award in the area of import substitution in the Metallurgy category. The jury highly praised a unique polymer rolled steel SteelArt produced at MMK-Lysva Metallurgical Plant (part of MMK Group). SteelArt is a polymer rolled product with a decorative coating…Details