Societe Generale has issued a $100-million prepayment to the Russian gold producer GV Gold for gold supplies, the company said in a statement on December 6. Under the deal, GV Gold receives the full sum, and will supply about 3,000 ounces, or 93.3 kilograms of gold per month in the next three years. Payment for…Details
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Zaporizhstal has put into operation the blast furnace No. 4 after capital repairs. Investments in the project totaled some 100 million UAH. The repair lasted for 15 days. The capacity of the blast furnace is 1.1 million tons of pig iron per year. (Ukrainian metal)Details
In January-November Dneprovsky Iron and Steel Works decreased rolled metal output by 0.8% YoY, to 708 thousand tons. Steel manufacture dropped by 1.5%, to 828 thousand tons, and pig iron – by 15.4%, to 800 thousand tons. In November the works produced 65 thousand tons of rolled metal, 72 thousand tons of steel and 69…Details
Chelyabinsk Iron and Steel Works has expanded the range of its beam products. The company has mastered the manufacture of 7 new types and sizes of flange beams for the European market. The IPB, IPBL and IPE flange beams are manufactured according to DIN EN 10025-2. They are used in the construction of columns and…Details
ArcelorMittal Temirtau intends to have completely resumed operation by December 10. Some shops have already resumed operation after a major pipelines accident on November 10. The key task is to launch the converter shop. The manufacture of rebars was resumed on November 22. (Ukrainian metal)Details
Energomashspetsstal has fulfilled the order of Voestalpine Stahl GmbH, Austria for the delivery of 2 back-up rolls for cold- and hot-rolling mills. The contract has been fulfilled according to the schedule. The agreement was concluded in February. The total weight of the rolls is 72.32 tons. EMSS and Voestalpine have been cooperating since 2010. (Ukrainian…Details
In November Russia transported 6.15 million tons of ferrous metals (without scrap) via railroad, up by 1.3% YoY. Deliveries to the local market totaled 3.32 million tons, up by 3.9%, while exports grew by 2.8%, to 2.5 million tons. Imports fell by 29.3%, to 253.6 thousand tons. In January-November 70.47 million tons of ferrous metals…Details
Precious metal prices increased in Azerbaijan on December 6, according to the Central Bank. The price of gold grew by 8.4915 manats, to 2,107.8555 manats per ounce on December 6 compared to the price on December 5. The price of silver went up by 0.0295 manats, to 24.6038 manats per ounce. The price of palladium…Details
Employees of Eti Bakir Tereksai left their working places and do not go to work because of the provocation of individuals, Company CEO Mahir Tezdzhan reported. According to him, earlier law enforcement agencies detained 14 residents of Terek-Sai village for beating up company employees. On December 2 local residents held a rally demanding the release…Details
Siberian Coal Energy Company (SUEK) plans to invest about 42 billion rubles in expansion of port capacities and at least 30 billion rubles in buying cargo rail cars, Director for Logistics Denis Ilatovsky reported. The company plans to invest 25-30 billion rubles in expansion of capacities of the Daltransugol terminal to 40 million tons from…Details
The Uralelectromed subsidiary (Manufacture of Polymetals) has finished the construction of a main overpass. The overpass will have 9 pipelines for air, heat, gas and black oil supply. The preparation to assembly the pipeline will start in December. The construction of the overpass began in 2016. Metal structures weighing 342 tons were used. (Ukrainian metal)Details
A meeting between representatives of Azerbaijan State University of Oil and Industry, the Azerbaijani Ministry of Ecology and Natural Resources, scientists of the Azerbaijan’s National Academy of Sciences (ANAS) and a group of geologists was held in the administrative building of AzerGold CJSC on December 3. Chairman of the Board of AzerGold, Zakir Ibrahimov spoke…Details
Belarus Iron and Steel Works has shipped a trial batch of metal cord for 50l35/20NT bulk tires. 252 coils with new products have been shipped to Belshina. The metal cord at BMZ is produced only in the steel wire shop No. 2. The main customer is Belshina. In January-November BMZ manufactured 83 thousand tons of…Details