Russian gold producer Polymetal International has sold its 100% stake in the Khakanja project in the Khabarovsk region to a group of unrelated private Russian buyers for $30 million, the company said on December 17. Under terms of the deal, $5 million will be payable in cash and $25 million in the form of assumed…Details
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NLMK Group, a global steel company, announces the appointment of Elena Lobodina as General Director (CEO) of NLMK Trading. Her key challenges will include the development of NLMK Group’s customer service across global markets and the introduction of best practices in sales business processes. NLMK Trading manages NLMK Group’s export deliveries. The company’s sales policy…Details
The price of one ounce of gold decreased by 12.903 manats or by 0.61% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,117.0032 manats. The price of one ounce of silver increased by 0.1562 manats or by 0.63%, to 24.9032 manats. The price of one ounce of platinum…Details
Precious metal prices decreased in Azerbaijan on December 17, the Central Bank reported. The price of gold dropped by 7.4545 manats, to 2,103.2570 manats per ounce on December 17 compared to the price on December 14. The price of silver fell by 0.2062 manats, to 24.7628 manats per ounce. The price of palladium went down…Details
In November Ukrainian by-product coke enterprises received 1.29 million tons of coking coal, down by 2% MoM, including 0.25 million tons of local coal, up by 7%, and 1.04 million tons of imported, down by 4%. In 11 months enterprises received 13.38 million tons of coking coals, up by 7% YoY, including 2.42 million tons…Details
In November Ukrainian metal companies received 2.15 million tons of iron ore raw materials, down by 8% YoY. No materials were imported. In January-November metal companies received 26.89 million tons of iron ore raw materials, up by 14% YoY, including 26.86 million tons of locally produced, up by 14%, and 25 thousand tons of imported,…Details
In November Ukrmetallurgprom forecast that Ukraine would manufacture 1.8 million tons of pig iron and steel each, as well as 1.6 million tons of rolled metal. But the output was 1.64 million tons of pig iron, 1.66 million tons of steel and 1.48 million tons of rolled metal, all down by 8%, 7% and 3%…Details
The Ukrainian rolled wire has become an alternative to the Chinese products, previously used when manufacturing railroad brake shoes. According to ArcelorMittal Kriviy Rih, in October it shipped the first batch of metal products of 20 tons to the Tribo plant, the only manufacturer of brake shoes in Ukraine. To produce brake shoes the plant…Details
In January-November Uzbekistan mined 3751.3 thousand tons of coal, up by 1.4% YoY. In January-August coal supplies were down by 10% YoY, or by 280 thousand tons. In 9 months the shortage was 1.4%. (Ukrainian metal)Details
In 2018 the group of companies Kolmar intends to have attracted 15 billion rubles of investments. In 2019 the volume is expected to increase to 30 billion rubles. In the South Yakutia territory of advanced development Kolmar is carrying out two major projects – Denisovsky GOK and Inaglinsky GOK. 7.8 billion rubles were spent on…Details
In January-November the Nurkazgan mine of Kazakhmys extracted 4218 thousand tons of ore, up by 5% from the annual target (4 million tons). As to the iron content in the ore, the annual plan was 39200 tons. But the miners were able to reach 40850 tons, or 104% of the target. (Ukrainian metal)Details
Trubodetal pipeline joints manufactured for the Surgut hydropower plant-2 have been awarded the diploma of the “100 Best Products of Russia”. The joints are made of heat-resistant pipe with the shelf life of some 23 years. “The market of heat and nuclear energy is a new direction for Trubodetal. Gradually we master these complex types…Details