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)
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)
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
The employees of Izhstal have celebrated the 50th anniversary of the arc-furnace shop. The first pile in the construction of the shop was laid in March 1964. On December 14, 1968 the first arc-furnace produced the first steel. The construction of the shop was completed in 1976. In 1996 the shop commissioned the vacuum-oxygen decarbonization…Details
Three Chinese companies applied for an investment contest for creation of a joint venture at Makmal deposit. All companies contributed $100,000 as a bank guarantee fee and 100,000 soms for a package of information on the project. Thus, the application was filed by Munson Group LLC. The founder and leader of the company is Xu…Details
The Central Commercial Court of Appeals has returned the Zaporozhye Titanium and Magnesium Works to state ownership under a case to cancel an agreement between the works and a Dmitry Firtash company. The company in question is Tolexis Trading Limited, registered in Cyprus. The creation of the joint venture allowed Firtash to get the works…Details
In January-November Interpipe increased steel output by 14.5% YoY, to 892 thousand tons.
At the same time, in November the company produced 69 thousand tons of steel, down by 19% MoM.
Last year the steel round billet output grew by 38% YoY, to 850 thousand tons. (Ukrainian metal)
In January-November Lvivugol increased coal sales by 66.5 thousand tons YoY, to 1.29 million tons, which should be enough to keep the enterprise profitable. This year the enterprise has also received almost 90 million UAH of state money to clear salary debts and carry out modernization of machinery. According to Lvivugol press service, as of…Details
Ingulets Mining and Processing Works has shipped the second batch of iron ore concentrate to Mexico. “The first batch supplied in July was highly praised by the customers, hence the second order. In late November the Port of Yuzhniy shipped the second batch of 82 thousand tons of concentrate”, the company press service said. The…Details
Metall-Don has sent its application to Novatek to participate in the competition to supply metal for the construction of the Arctic LNG-2. The companies have already cooperated. In 1.5 years Metall-Don has delivered 3.1 thousand tons of metal structures for the construction of Yamal-LNG valued at 620 million rubles. The company was also paid a…Details
Energomashspetsstal continues the long-term cooperation with its Ukrainian partners.
Last month it manufactured and supplied products to Azovstal, Zaporizhstal, CGOK, Magna LLC, etc.
The total weight of the products supplied was over 200 tons.
At present the company is manufacturing rolls for Zaporizhstal and Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)
The government of Belarus has set a state order for ferrous and non-ferrous metals scrap procurement. It is expected to procure 1.285 million tons of ferrous scrap and 19.2 thousand tons of non-ferrous scrap. The Ministry of Industry received the largest order – 470.47 thousand tons of ferrous and 5.4 thousand tons of non-ferrous scrap.…Details
Technoinvest Alliance, carrying out a project to construct a mining and processing works at the Zashikhinskoye rare-earth metals deposit, is viewing the city of Sayansk as one of the sites to create the works. The city mayor Oleg Borovskiy has shown the potential investor the site for the construction of a new enterprise and enumerated…Details
The rating was initiated by the World Wide Fund for Nature (WWF) of Russia and the United Nations Environment Programme (Russian Federation Mission). The rating was carried out by the National Rating Agency on the basis of data on the activities of companies, which was publicly available (reports, reports, media, official websites of companies). The…Details
Precious metal prices decreased in Azerbaijan on December 14. The price of gold dropped by 5.2955 manats, to 2,110.7115 manats per ounce on December 14 compared to the price on December 13. The price of silver fell by 0.0999 manats, to 24.969 manats per ounce. The price of palladium went down by 7.7775 manats, to…Details
Russian VTB Bank agreed to issue a loan of $180 million to Alliance Altyn for the construction of a gold recovery plant and a tailing dump at Jerooy, Director General of the mining company, Mikhail Shubin, declared. According to him, the issue of license pledge for the loan has not yet been resolved. The State…Details