Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…Details
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The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…Details
A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…Details
In September Zaporozhkoks produced 65.03 thousand tons of blast furnace coke. The manufacturing goal for the month has been reached. In January-September the company produced 609.98 thousand tons of blast furnace coke. The output decreased YoY because of the scheduled repair of the coke-oven battery No. 5 Investments in the repair totaled 73 million UAH.…Details
In January-September the United Mining and Chemical Company received 423.079 million UAH of net profit, down by 27.8% YoY. EBITDA decreased by 26.7%, to 524.351 million UAH. At the same time net income grew by 18.3%, to 2.549 billion UAH. Undistributed profit as of late September totaled 297.083 million UAH. (Ukrainian metal)Details
In January-September Zaporozhye Aluminum Works received 106.578 million UAH of net losses as opposed to 118.692 million UAH of net profit in 9 months of 2017. The company did not have any net income, while last year it totaled 31.891 million UAH. This year ZALK has not manufactured anything. (Ukrainian metal)Details
DTEK Pavlogradskoye Mine Group has ahead of schedule completed the annual output plan. The miners yielded 506,900 thousand tons of gas coal 2 months ahead of schedule. In October the first site started mining coal from the new long face. DTEK invested some 40 million UAH in its development. (Ukrainian metal)Details
Corum Group will supply machinery for a major Polish mining company – Polska Grupa Gornicza. This will allow the Ukrainian supplier to integrate into the Polish market. Corum will supply 140 sections of the mechanized anchoring for the Sosnica mine. “The market is one of the most attractive for us due to the reorganization of…Details
On November 1 the steel wire shop No. 3 of Belarus Iron and Steel Works shipped the 3-millionth ton of wire. The anniversary ton was sold to Mazur-Tom (Poland), where it would be used to produce nails. In January-October BMZ produced over 216 thousand tons of wire. This year the wire was exported to Lithuania,…Details
To unload the Minsk Ring Automobile Road (MKAD) it was decided to construct the MKAD-2. Belavtodor, which unites the major road building companies of the country, has been tasked with the construction of the object with the length of 159 km. A Group has supplied flange beams for the construction. Such beams are used in…Details
EPM-Novocherkassk Electrode Works has started implementing an investment project to construct a Riedhammer primary roasting ring kiln. The kiln will be constructed in the roasting shop to replace the decommissioned machinery. The delivery of the new machinery is scheduled for H1 2019. The commissioning is scheduled for Q4 2019. Investments in the project total 1.5…Details
Energomashspetsstal has shipped 220 tons of supporting rolls to ArcelorMittal Galati, Romania. According to the company statement, the corresponding agreement was signed in autumn of 2017. Among the products supplied is a bulk roll with the weight of 147.5 tons to be used at the plate-rolling mill-4500. Its length is 10 meters. The roll is…Details
Virdy Bikram has been appointed the Chief Procurement Officer, PJSC ArcelorMittal Kriviy Rih. In this position, Bikram is responsible for supply of raw material resources, equipment for investment and strategic projects, materials and services. Virdy Bikram: “I am glad to join PJSC ArcelorMittal Kriviy Rih’s team. I believe that my diverse experience in management and…Details