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The price of one ounce of gold increased by 6.902 manats or by 0.31% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,190.6217 manats. The price of one ounce of silver decreased by 0.1681 manats or by 0.63%, to 26.6537 manats. The price of one ounce of platinum…
DetailsThe first resident of the Nizhnekamsk advanced development territory – Kamastal – has started operating. “On December 31, 2018 Kamastal produced its first painted sheet of coil steel”, the local authorities reported. The company became the resident in May last year. Investments in the project are estimated at 428 million rubles. And the capacity is…
DetailsGold production in Russia’s Khabarovsk region increased by 6% YoY, to 24.5 tons in 2018, the region’s government press service said. “The Khabarovsk region has set a new gold production record. Miners have already reported about 24.5 tons of the precious metal in 2018. This is not the final figure but it exceeds the previous…
DetailsThe subsidiaries of the United Mining and Chemical Company have announced their intention to conclude 8 agreements with United Global Logistic LLC for the transportation services valued at 483.84 million UAH. This year Irshansk Mining and Processing Works is ordering railroad transportation and processing of cargo at 283.02 million UAH, and Volnogorsk Mining and Processing…
DetailsUnder the project to construct the continuous casting machine No. 4 Mariupol Ilyich Iron and Steel Works has purchased new special machinery. A new MAZ-based skip-lift will transport the powder wastes of the converter manufacture. Its cost is some 1.6 million UAH. The new machine will in future service not only the CCM No. 4,…
DetailsThe prices of precious metal decreased in Azerbaijan. The price of gold dropped by 4.743 manats, to 2,198.1085 manats per ounce on Jan. 11 compared to the price on January 10. The price of silver fell by 0.1047 manats, to 26.6673 manats per ounce. The price of platinum went down by 7.072 manats, to 1,398.42…
DetailsIn January-November Russia exported 5.03 million tons of pig iron valued at $1885 million, up by 23.7% and by 35.6% YoY respectively. According to the customs statistics, USA imported the most pig iron – 55.3%, up by 7.4%. The share of Italy grew 1.83-fold, to 12.4%. Hong Kong imported 572 thousand tons of pig iron.…
DetailsKamchatskoye Zoloto has become a resident of the territory of advanced development Kamchatka. The process has been carried out in stages. The company will carry out a project to modernize and develop Zolotoye, Kungurtsevskoye, Uglovoye and Baranievskoye gold deposits in 2019-2034. Some 2.15 billion rubles will be invested. In 10 years budgets of all levels…
DetailsIn 2018 Ural Steel exceeded its annual target on rolled metal manufacture having produced 0.9 million tons. Pig iron output exceeded 3 million tons. Continuous cast billet manufacture totaled 1.1 million tons. At present the company is modernizing blast furnaces Nos. 2 and 3 to reach their maximum efficiency. (Ukrainian metal)
DetailsEvery year Russia transports 2.8 million tons of anthracite coal from the territory of the occupied Donbass. “Until 2014 we used to mine some 20 million tons of coal in Donetsk and Lugansk regions. And now we can say that Russia, having no resources of its own, because of the sanctions and enormous expenses on…
DetailsAs a result of the blast at the mine named after Space Heroes, three out of five miners taken to the hospital ended up in resuscitation department. “On January 10, there was a methane blast at the DTEK Pavlogradugol mine. 5 miners have been injured. 3 of them, members of the Independent Miners Union of…
DetailsIn PJSC ArcelorMittal Kriviy Rih, a complex of close loop BOF gas cooling for blast furnaces Nos. 4, 5, and 6 was commissioned. The company cost as of UAH 192 million. Within the project, the framework of existing pumping station No. 2-BIS was repaired, three expansion tank-accumulators, nine high-performance pumping units, six water-air heat exchangers,…
DetailsThe U.S. Department of the Treasury insists on lifting sanctions from Russian aluminum giant UC RUSAL, multi-industry holding En+ Group, and EuroSibEnergo, Secretary Steven Mnuchin said following his meeting with U.S. Congress democrats “RUSAL, En+ Group and EuroSibEnergo have committed to provide Treasury with an unprecedented level of transparency into their dealings to ensure that…
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