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The state agency on subsoil use has announced an auction for the tungsten-iron-copper ore deposit in Sverdlovsk region. The initial price is 2.137 billion rubles. The territory includes the Volkovskoye deposit. The B and C1 ore reserves are estimated at 115.9018 million tons and C2 – 9.859 million tons. The license will be valid for…
DetailsLast week the price of one ounce of gold decreased by over 72.2 manats ($42.5) or by 2.8%. Accordingly, the average price of one ounce of gold stood at 2,537 manats ($1,492). The price of one ounce of silver dropped by over 1.8 manats ($1.1) or by 6.1%, to 30 manats ($17.6). The price of…
DetailsIn August Russia exported 23.8 thousand tons of ferrosilicon, down by 37% MoM and by 31.6% YoY. Deliveries to the Netherlands grew almost 2-fold, to 7 thousand tons. At the same time exports to Turkey dropped by 74%, to 1.5 thousand tons, to Japan – by 64%, to 5.8 thousand tons and to Korea –…
DetailsIn October the Sverdlovsk Railroad transported 12.1 million tons of cargo, up by 1.3% YoY. In 10 months throughput totaled 117.8 million tons, up by 1.1% YoY. In particular, 8.7 million tons of ferrous metals and 1.9 million tons of coke were transported, up by 0.4% and by 4.7% YoY respectively. At the same time…
DetailsSince the start of the season in May the Mezhsopochniy site of the Nizhneyakokitskiy Mining and Processing Works has extracted 840 kg of gold, up by 350 kg from the target. This year the enterprise has implemented the solution re-circulation scheme, enabling it to additionally produce 25 kg of gold from the earlier processed ore.…
DetailsZlatoust Electrometallurgical Works exceeded the target output in October. The company produced 5756 tons of liquid steel, up by 9.3%. In particular, electric arc furnace shop manufactured 5199 tons of steel, up by 9.7%. Stainless nickel-containing steel and alloys accounted for 2230.2 tons. The rolling shop No. 1 produced 2175 tons of sections. The mill-1150…
DetailsVolnogorsk Mining and Steel Works has concluded an agreement with the company Promtekhsnab on the purchase of diesel fuel valued at 55.62 million UAH. This year the company has to supply 1800 tons of diesel fuel at 30,900 UAH per ton. The price is almost a quarter higher than the average price on the wholesale…
DetailsInterpipe had been forced to initiate an antidumping investigation of the imports of seamless hot-deformed steel pipes from China, as they grew 2-fold in 2018 and their share in overall imports increased to 50-55%. “We have felt the threat of the Chinese imports. In 2018 Chinese imports grew 2-fold, to 35 thousand tons, while in…
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