In 2018 Petropavlovsk plc decreased gold output by 3.9% YoY, to 422.3 thousand ounces. This year the company expects to produce 450-500 thousand ounces. Petropavlovsk is among 5 largest gold producers in Russia. Its main assets are in Amur region: Pokrovsky mine, Pioner, Malomyr and Albyn. (Ukrainian metal)Details
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In 2018 Russia produced 61.6 million tons of rolled metal, up by 1.9% YoY. In December 2018 output dropped by 1.2% YoY, but grew by 6.8% MoM. According to the Federal Service of State Statistics, pig iron manufacture fell by 0.6% YoY, to 51.8 million tons. December 2018 saw the increase in output by 2.6%…Details
Zaporozhye Ferro Alloys Plant and Nikopol Ferroalloy Plant have concluded agreements with Tolkachevsky Mining and Processing Works for the delivery of quartzite valued at 46 million UAH each. TGOK will also supply quartzite to Sentoza LLC for 32.7 million UAH. Combined the enterprise will sell 124.7 million UAH worth of raw materials. (Ukrainian metal)Details
Gold and silver prices decreased in Azerbaijan. The price of gold dropped by 3.0515 manats, to 2,178.822 manats per ounce on January 24 compared to the price on January 23. The price of silver fell by 0.0824 manats, to 26.052 manats per ounce. At the same time the price of platinum grew by 9.741 manats,…Details
According to the president order dated January 17, the Navoi Mining and Processing Works will soon be divided into two enterprises – the state enterprise to mine and process uranium, and a joint-stock company to mine and process precious metals. The latter will be given to the trust management. A road map to reorganize the…Details
At its manufacturing site in Verkhnyaya Salda in Sverdlovsk region, VSMPO-Avisma has commissioned a new site of bulk titanium rings treatment. Such rings are used in aviation engines. In 2018 the Fund of the industry development supported the corporation and provided it with 70 million rubles, with 30 million rubles more given by the Fund…Details
Gaysky Mining and Processing Works has put into operation a new floatation machine. The SOMEX machine has been assembled at the main premises of the processing factory replacing outdated machinery. “The new machine is twice smaller than its predecessor. Each of its six compartments has the volume of 25 cubic meters as opposed to 50…Details
In 2018 steel pipe exports grew by 29.9% YoY, to $737.852 million, while imports – by 50.5%, to $181.471 million. According to the State Fiscal Service, in December 2018 pipe exports dropped by 1.1% YoY, to $56.405 million, while imports increased by 47.4%, to $19.572 million. US were the largest importer of steel pipes in…Details
The project to reconstruct the existing and build new gas-purifying machines in the blast furnace shop of the Mariupol Iron and Steel Works named after Ilyich has entered an active stage. Investments amount to some $20 million, A new line of dry gas-purification of the blast furnace foundry yard will be constructed. And the wet…Details
Ukrainian galvanized metal manufacturers have been harmed by the increase in imports from China and Russia. According to Metinvest Holding marketing director Roman Kurashev, unless state authorities take measures, the situation could worsen. “Following the protective measures taken by Europe, US, Canada and Turkey, we expect a considerable increase of imports from China and Russia,…Details