In October direct deliveries of ferrous metals to railroad machine-builders totaled 119 thousand tons. According to the railroad statistics, this is up by 3.9% YoY. In 10 months deliveries grew by 21.4% YoY, to 1.25 million tons. (Ukrainian metal)Details
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In October direct railroad deliveries of metal to the major shipbuilding and ship-repair enterprises totaled 8.1 thousand tons. According to the railroad statistics, this is down by 35% YoY. In 10 months deliveries reached 93.6 thousand tons, down by 23.2% YoY. (Ukrainian metal)Details
Prices of precious metals decreased in Azerbaijan on November 13, according to the data published by the Central Bank. The price of gold dropped by 8.3725 manats, to 2,047.531 manats per ounce on November 13 compared to the price on November 12. The price of silver fell by 0.1734 manats, to 23.9471 manats per ounce.…Details
The Russian government’s commission has approved a bill that reduces the rate of mineral extraction tax (MET) for production of rare and rare earth metals to 4.8% from 8%, the government said in a statement. “The bill suggests reduction of the MET rate to 4.8% from 8% applicable to production of ores of rare metals…Details
In January-October Ukraine imported 17.425 million tons of coal valued at $2.461 billion. According to the State Fiscal Service, the share of coal in total imports was 5.3%. The largest coal suppliers were Russia ($1.525 billion, or 62% of the whole imports), USA ($739.278 million, or 30%) and Canada ($126.946 million, or 5.2%). Other countries…Details
The Vorkutinskaya mine of Vorkutaugol has started mining coal at the new breakage face of the Troynoy layer. The reserves of the long face No. 612 are some half a million tons of coking coal. It is intended to mine 90 thousand tons of coal per month there. The length of the face is 195…Details
In Q3 Kinross Gold produced 586.2 thousand ounces of gold equivalent, down by 10.5% YoY. In 9 months the output decreased by 8.8% YoY, to 1.842 million ounces. The Kupol deposits in Chukotka yielded 366.4 thousand ounces, down by 15.8% YoY due to the extraction of ore with lesser gold content. The company has also…Details
Polymetal International plc has sold its 100% share in the platinum project Svetlobor to a group of Russian independent buyers for $5.5 million. “The project does not meet our strategy. Still, we retain a considerable project in the platinum sphere – Viksha, a large deposit, which will in future be developed”, the group chief managing…Details
The Vostoc-1 miners team has won the right to develop two sites with alluvial gold in Khabarovsk region. The enterprise, extracting gold in Amur region, has participated in two auctions. The final payment for the alluvial deposits in the Satma Brook valley was 407 thousand rubles with the initial price of 370 thousand rubles. The…Details
Energomashspetsstal has shipped a batch of back-up rolls weighing 110 tons to ArcelorMittal Temirtau. The corresponding agreement was signed in February 2017. The batch included 4 bulk rolls for the cold- and hot-rolling mills. In January EMSS won the tender to produce 1457 tons of rolls for AMT. The contract signed presupposes the delivery of…Details
Tula-Steel is finishing commissioning machinery. At a trial manufacture rebars Nos. 25 and 28, as well as channel 12U have already been produced. All the railroad routes have been created. The newly founded trading house Tula-Steel will be responsible for selling metal. The capacity of the works is 1.5-1.7 million tons of steel and rolled…Details
Severstal has produced anniversary 100-thousandth tons of rolled metal at the third line of polymer coating and at the continuous hot dip-galvanizing machine No. 3 in the metal coating shop No. 3 of Cherepovets Iron and Steel Works. The third line was commissioned on December 29, 2017. The machine with the capacity of 200 thousand…Details
Dneprovsky Iron and Steel Combine will carry out capital repairs of its converter No. 1 The waste-heat boiler has almost been disassembled, and the subcontractors have started disassembling a coffer. At the same time a new waste-heat boiler is being assembled. All the technical documentation has been received. Some 200 employees work at the site…Details