The prices of main precious metals decreased in Azerbaijan on May 8, according to the data published by the Central Bank. The cost of gold dropped by 8.1345 manats, to 2229.397 manats per troy ounce compared to the price on May 7. The cost of silver decreased by 0.1523 manats, to 27.9667 manats per ounce.…
DetailsBuryatzoloto, the largest gold-mining company in the Republic of Buryatia and a part of Nordgold, intends to increase investments this year to 2.1 billion rubles, or by 23% YoY. This has to do with the replacement of mining equipment at both of its mines valued at 749 million rubles. 109 million rubles will be spent…
DetailsIn April Russia mined 35.32 million tons of coal, up by 5.8% YoY, while exports increased by 0.7%, to 15.34 million tons. Deliveries to the domestic market grew by 17.5%, to 15.1 million tons. Imports dropped by 12.7% YoY, to 1.58 million tons. SUEK mined 9.2 million tons of coal, down by 1.2%, Kuzbassrazrezugol –…
DetailsIn January-March Highland Gold Mining Limited obtained 59.31 thousand ounces of gold and gold equivalent, down by 9% YoY. This year the company intends to yield 265-275 thousand ounces of gold equivalent. Average gold price in Q1 was $1329 per ounce. Last year gold output at HGM enterprises grew by 4.3% YoY, to 272.3 thousand…
DetailsThe state enterprise Yakutnedra has sold 5 alluvial gold sites at the auction. The winners were Nord LLC, Zoloto Ynykchana LLC, Charan LLC, Adycha LLC and Drazhnik LLC. In particular, Nord LLC paid 555 thousand rubles for the site at the Severikan brook. Zoloto Ynykchana LLC paid 1.65 million rubles for the site at the…
DetailsIn January-March the state enterprise Lvivugol mined 362.383 thousand tons of coal, up by 16.5% from the goal. Since April 1 the enterprise has been yielding around 5 thousand tons of coal a day. As of early April, 6 long faces were in development. Stepnaya mine has been providing around 1 thousand tons of coal…
DetailsThe Cabinet of Ministers of the Republic of Tatarstan has reviewed the agreement on the operation on the territory of the social and economical development “Nizhnekamsk”. The Cabinet has approved the proposition of the Russian-Chinese Kamastal LLC to organize the manufacture of coated steel coils. Shandong Baikal Group will be the Chinese investor. The cost…
DetailsIn January-April Ukraine increased ferrous metals export revenue by 32.1% YoY, to $3.49 billion. According to the State Fiscal Service, ferrous metals accounted for 22.57% of the total export earnings as opposed to 19.26% in January-April 2017. In particular, in April ferrous metals export revenue totaled $904.1 million. In January-April Ukraine imported $385.37 million worth…
DetailsThe chairman of the Independent Miners Union of Ukraine Mikhail Volynets claims that the total salary debts at state mines exceeds 740 million UAH. “The monthly salary fund at state coal enterprises is 530 million UAH. The number of employees is 41 thousand people”, he said. According to him, debts for 2015-2017 stand at 274…
DetailsIn January-April Ukraine imported 7.437 million tons of coal valued at $1.004 billion, up by 53.9% and by 30.3% YoY respectively. According to the State Fiscal Service, Russia supplied $643.58 million worth of coal (64.08% in the total imports), USA – $288.411 million (28.72%), Canada – $48.365 million (4.82%), and other countries – $24.003 million…
DetailsUkrzaliznytsia (Ukrainian Railways) has ordered 295.25 million UAH worth of railroad wheels from Interpipe Ukraine LLC. This year the company will supply 14628 solid wheels produced by Interpipe Nizhnedneprovsk Pipe-Rolling Works not earlier than on November 1, 2017, at 17671 UAH apiece. The price of the contract is 0.5% below the expected cost of the…
DetailsIn April Energomashspetsstal supplied some 265 tons of rolls to the largest Ukrainian iron and steel works. In particular, the goods were delivered to Zaporizhstal, Mariupol Ilyich Iron and Steel Works, Evraz-DMZ, Azovstal, etc. All these companies are long-time customers of EMSS. Supporting and working rolls are used in strip cold- and hot-rolling mills. (Ukrainian…
DetailsThe Vorgashorskaya mine of Vorkutaugol has started developing the new long face. The reserves of the face total 2.5 million tons of coal. With the average monthly output of 260 thousand tons, the long face is expected to be in operation until January 2019. At present this is the only long face at the mine.…
DetailsAlexandrinskaya Mining and Ore Company factory has processed 8 million tons of ore since its commissioning in 2001. The initial capacity of the factory was 300 thousand tons of ore per year, which corresponded to the output. In 2011-2014 the factory was reconstructed to be able to process 800 thousand tons of ore. In 2017-2018…
DetailsThis year Severstal intends to supply over 170 thousand tons of metal to the manufacturers of refrigerators, washing machines, gas ovens and industrial packaging. The deliveries will be carried out within contracts signed with enterprises both in Russia and the nearby foreign countries. For the packaging producers Severstal manufactures cold-rolled metal with improved strength characteristics.…
DetailsIn January-April Azovstal produced 1.294 million tons of rolled metal, up by 2.5% YoY. Steel output dropped by 2.2% YoY, to 1.401 million tons, while that of pig iron grew by 4.8%, to 1.313 million tons. In April Azovstal produced 352 thousand tons of rolled metal, 376 thousand tons of steel and 326 thousand tons…
DetailsNLMK might be forced to shut down its American business, if US does not exclude the slabs from the list of goods affected by the duties. In March NLMK USA submitted a claim to the Department of Trade to exclude the slabs from the list. It claims that it will have to import slabs in…
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