Precious metal prices increased in Azerbaijan on November 22, according to the data published by the Central Bank. The price of gold went up by 9.7325 manats, to 2,085.22 manats per ounce on November 22 compared to the price on November 21. The price of silver grew by 0.3015 manats, to 24.6391 manats per ounce.…Details
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Member of the Parliament, Bakyt Torobaev, asked the government to provide information on the activities of Kumtor gold mine at a meeting of Parliament. According to him, the Prime Minister spoke about new agreement with the Canadian company Centerra Gold Inc. Members of the Parliament know nothing about it. “How many funds are received, what…Details
Russia and South Africa have signed a roadmap for the implementation of joint projects on the market of platinum group metals, as well as agreement on exploration, extraction and processing of mineral resources until 2025. The Minister of Natural Resources and Environment Dmitry Kobylkin signed the documents. “Russia and South Africa, possessing rich reserves of…Details
This year SUEK (Siberian Coal Power Company) intends to mine some 5.92 million tons of coal in Zabaikalye region, up by 14.7% YoY. To reach this goal the company is constantly replacing and adding new mining and auxiliary machines. Last year the region yielded 21.3 million tons of coal, with SUEK accounting for 83%. (Ukrainian…Details
The Industrial-Metallurgical Complex (PMH) has renamed Krontif-Center into Sukremlsky Ironworks. The renaming does not result in the change of operations or staff. “The renaming returns the works its historical name. The brand of Sukremlsky casting has been known to the whole world for 3 centuries. The renaming will increase the brand awareness on the Russian…Details
Unecha Works of Refractory Metals will open a manufacture of tungsten and molybdenum oxides in the Bryansk region. At present molybdenum oxide is not produced in Russia. Under the project the Unecha Works will be provided with a loan of 500 million rubles. The manufacture will help decrease imports to 26%. (Ukrainian metal)Details
Zagorsky Pipe Works has shipped the first batch of welded pipe piles to Bangladesh. The batch comprised 320 tons of pipe piles and 180 tons of pipes. Under the contract ZTZ has to supply 10 thousand tons of pipe piles with the diameter of 630 and 1420 mm and 5 thousand tons of pipes with…Details
Russia’s gold refining rose by 1.65% YoY, to 231.65 tons in January-September, the Finance Ministry said, citing gold supplies to refining plants data. Mined gold output rose by 3.44%, to 194.86 tons, while by-product gold output decreased by 12.83%, to 11.69 tons, and gold scrap production fell by 3.79%, to 25.10 tons. Russia’s silver output…Details
ArcelorMittal Kriviy Rih has purchased 4 new BelAZ trucks with the lifting capacity of 136 tons, two sprinkler machines and a bulldozer all valued at 162.5 million UAH. The dump trucks will be used at the construction of the Stepnoy-2 dumpsite. The large-scale replenishing of the fleet is due to the increase of ore mining…Details
In January-September Russia increased pig iron exports by 27% YoY, to 4.3 million tons valued at $1.6 billion, up by 40%. According to the customs statistics, exports to US accounted for 53.1%, up by 3.2%. Hong Kong imported 572 thousand tons of pig iron, Italy – 492.2 thousand tons of pig iron, up 2.5-fold, and…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in mid-December the average price of ferrous scrap on the domestic market will grow by 4.11% MoM, to 7756 UAH per ton. In November prices increased by 7.97% MoM, to 7450 UAH per ton. Last month metal companies continued increasing purchase prices in order to revitalize deliveries. The main…Details
In October Ukraine exported $33.929 million worth of iron ore, up by 15.7% YoY, while imports totaled $5.522 million. According to the State Fiscal Service, China was the largest importer of iron ore. In January-October Ukraine increased exports of iron ore by 7.9% YoY, to $2352.3 million, while imports dropped by 95.6%, to $0.954 million.…Details
The Ministry of economic development and trade has created a list of goods, the export and import of which are subject to licensing, as well as quotas for 2019. The ministry suggests zeroing quotas for silver, gold (except for bank metals), scrap and waste of precious metals again next year. It is also suggested to…Details