The price of one ounce of gold increased by 8.9675 manats or by 0.4% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,081.2624 manats. The price of one ounce of silver decreased by 0.0391 manats or by 0.16%, to 24.8707 manats. The price of one ounce of platinum…Details
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Ukrainian Prime Minister Volodymyr Groysman has said that the problem of wage arrears, in particular, requires modernization of the industry and increased coal production. “There is an issue of restructuring the industry as a whole. I don’t like how things are going on in the coal industry. The impression is that this is a closed…Details
The prices of gold, silver and palladium increased in Azerbaijan on October 19, while the price for platinum decreased, according to the data published by the Central Bank. The price of gold grew by 6.137 manats, to 2,086.597 manats per ounce on October 19 compared to the price on October 18. The price of silver…Details
Out of 1.4 billion UAH, that the members of the Parliament decided to provide to pay salary to state miners, the Cabinet of Ministers was only able to get 113 million. “We have absolutely no funds. Together with the Ministry of Finances we are looking for ways to get the money”, the minister of energy…Details
Vostsibugol LLC has been announced a winner in the auction to develop the Western field of the Motovsky site of the Voznesenskoye deposits in Irkutsk region. The company paid 100 million rubles for the license. The estimated reserves of the site are 51 million tons of coal. The size of the site is 11.4 square…Details
Staltrans is increasing its presence on the territory of the Russian Federation. A new warehouse in the city of Perm has allowed the company to expand its trade and service network in Privolzhye Federal District. The warehouse with all the necessary machinery is situated near major transport routes. (Ukrainian metal)Details
The construction of a plant to mine and process lead-zinc ores at the Pavlovskoye deposits is planned to be started in 2020. This year the design works on the enterprise will be finished. At the Pavlovskoye deposits the First Ore Company plans to process up to 3.5 million tons of ore per year. The construction…Details
Ural Steel (a part of Metalloinvest) has successfully passed the audit of its steel products for compliance with the European standards. TÜV Thüringen e.V. (Erfurt, Germany), one of the leading international certification groups, renewed the compliance certificates for the company’s steel products used for manufacturing metal structures and vessels handling high pressures. Ural Steel’s production…Details
U.K.-based mining giant Evraz, which operates mainly in Russia, plans to invest $480 million in construction of a line for production of 100-meter rails with an annual capacity of 600,000 tons at its U.S. site in the city of Pueblo. The company may launch the production line in October-December 2021. Currently, the Pueblo facility produces…Details
Zaporizhstal has hosted the 45th edition of the international scientific and technical conference. 300 young specialists from Ukrainian metal and mining companies, scientific centers, high schools and foreign metal companies participated in the event. They presented their reports and innovative ideas in 11 sections: sinter-blast furnace, steel smelting, metal rolling, social and youth politics, environment…Details
In September Ukraine exported $222.218 million worth of iron ore, up by 1.4% YoY. At the same time, imports grew 23-fold, to $0.323 million. According to the State Fiscal Service, the largest deliveries were to China ($59.869 million). In January-September Ukraine exported $2102.09 million worth of iron ore, up by 7% YoY, while imports dropped…Details
The Tulachermet-Steel casting and rolling complex, to be commissioned by the end of the year, will produce rolled metal for the manufacture of metal wares. At present Russia imports some 530 thousand tons of metal wares per year, with 60% – from China. Tulachermet-Steel will produce steel and rolled metal of high quality. And many…Details
In January-September UralKuz increased sales by 61% YoY, to 110 thousand tons. Revenue grew by 50%. “The growth has to do with the revival of the market and a high demand for wagon building products. The capacity modernization allowed us reaching a record-high output”, the company managing director Victor Matsenko declared. (Ukrainian metal)Details