Rusal is gathering a team of traders in China. According to sources, Rusal is creating a trade company consisting of a head of sales and traders, specializing in aluminum and alumina. The company will trade aluminum produced on local Chinese market. Rusal also hopes the company will analyze the ways to import metal to China…Details
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until November 12 and from GAZ Group until October 23, the authority said. “En+ and RUSAL have approached the U.S. government about substantial corporate…Details
NLMK Group, an international steel company, has signed long-term strategic partnership agreements with the leading manufacturers of components for transformers: Enpay (Turkey), KRYFS (India) and National Material Company (NMC, USA). Under these long-term agreements, NLMK Group will regularly supply transformer steel from its production sites in Lipetsk and Yekaterinburg, and offer expanded technical support. The…Details
Prices of precious metals decreased in Azerbaijan on September 24, according to the data published by the Central Bank. The price of gold dropped by 20.91 manats, to 2,035.104 manats per ounce on September 24 compared to the price on September 21. The price of silver fell by 0.2624 manats, to 24.1916 manats per ounce.…Details
Zoloto Delmachika LLC has decided to prolong the test production at the site till spring 2019. This year a large sample of ore has been obtained from the Severo-Vostochniy site and the Antimonitovaya mine. The first kilograms of gold have already been extracted. In October within the second stage of the test production the company…Details
In January-June Daltransugol, a part of SUEK, shipped 10.4 million tons of coal from the Vanino terminal, up by 3.6% YoY. All the coal was shipped to the Asian-Pacific region countries. The capacity of the terminal is 30 million tons of coal per year, or 1400 wagons per day. The company is working on increasing…Details
China National Gold and SUN Gold (India) intend to invest $485 million into development of a пold deposit in Zabaikalye region. Annual output at the Kluchevskoye gold ore deposits is estimated at 6.5 tons. According to the minister of industry and trade Denis Manturov, the development of this deposit will have increased gold output in…Details
In January-August Magadan region extracted 24529 kg of gold, up by 13% YoY. 12339 kg accounted for ore fold, up by 30%. Alluvial gold output totaled 12190 kg, on par with the previous year period. Silver extraction grew by 1%, to 478.6 tons. This year it is planned to obtain 37 tons of gold and…Details
The price of one ounce of gold increased by 18.887 manats or by 0.9271% last week. Thus, the average price of one ounce of gold stood at 2046.555625 manats. The price of one ounce of silver grew by 0.4196 manats or by 1.7458%, to 24.2478 manats. The price of one ounce of platinum went up…Details
In August Ukraine exported $59.1 million worth of pipes, up by 27.1% YoY. Imports grew 2-fold, to $21.801 million. According to the State Fiscal Service, steel pipes deliveries to US were the largest ($10.193 million). In January-August Ukraine exported $484.621 million worth of pipes, up by 39.5%, while imports grew by 55.4%, to $111.14 million.…Details
As a result of a sudden fall of the rock an employee was hit at the Ekspluatatsionnaya mine of the Zaporozhye Iron Ore Complex. Despite medical aid, the miner died of the injuries. A special commission has been created at the enterprise to investigate the accident. Minerfin (Slovakia) owns 51.17% of ZZhRK, Zaporizhstal – 29.5%…Details
Uchaly Mining and Processing Works power shop has finished the construction of a switching substation 6 kW with 19 units at the electric substation No. 63 “Shakhty”. The commissioning of the switching substation will be the first stage to expand the “Shakhty” to provide a new mine and the second stage of the waste treatment…Details