Precious metal prices varied in Azerbaijan on December 3, according to the data published by the Central Bank. The price of gold increased by 0.7055 manats, to 2,083.2735 manats per ounce on December 3 compared to the price on November 30. The price of silver decreased by 0.0258 manats, to 24.342 manats per ounce. The…Details
Vysochaishiy has received a license to use the Svetlovodskoye ore filed. The company has paid 697.44 million rubles to use the field ahead of schedule. R1 reserves are estimated at 61 tons, and R2 – at 59 tons. The average gold content is 2 g per ton. The size of the site is 40 square…Details
Chernogorsky pit was the first of SUEK enterprises in the Republic of Khakasia to fulfill its annual target.
Since the start of the year the pit has yielded over 7 million tons of coal.
Investments in 2013-2017 totaled 6.85 billion rubles, and in Q1-Q3 2018 – 1.3 billion rubles. (Ukrainian metal)
The undistributed fund of the Zabaikalye region has coal worth some 5.5 trillion rubles. Development of these deposits could attract 116 billion rubles and create 2.6 thousand jobs. There are also ongoing projects worth 4 trillion rubles. Investments in them are estimated at 7.4 billion rubles. Moreover, the region has 258 sites with gold and…Details
The Russian government has decided to decrease the rare-earth metals ore mining tax. According to the chairman of the government Dmitry Medvedev, this will stimulate the mining of rare-earth metals. The tax is proposed to be decreased from 8% to 4.8%. “Some types of rare-earth metals are of strategic importance. But the development of their…Details
Members of the parliament Andrey Lugovoy, Irina Guseva, Sergey Kryuchek and Boris Paykin have submitted to the State Duma the draft bill to limit cash payments when accepting scrap of ferrous and non-ferrous metals from the population. The document provides for the mandatory non-cash payment when the scrap valued over 10 thousand rubles is purchased.…Details
The State Service for Combating Economic Crimes of Kyrgyzstan detected two companies in Osh region that illegally mined and exported antimony to China, press service of the agency reported. According to it, U.T. and K. Company in 2017 and from January 1 to June 30 exported 1,764 tons of antimony ore and concentrate to the…Details
In January-November East Mining Company extracted 7 million tons of coal, or 90% of the annual target. This year the company intends to sell over 8 million tons. This will set new records on mining and shipping coal for Solntsevsky Coal Pit and Coal Seaport of Shakhtersk in the Sakhalin region. ECM is the largest…Details
In January-October the Republic of Buryatia extracted 4756.3 kg of gold.
Ore gold accounted for 2806.9 kg.
Alluvial gold output totaled 1949.4 kg.
Last year the region extracted 5678 kg of gold, including 3610 kg of ore gold. (Ukrainian metal)
The Oscol Electrometallurgical Works has commissioned a new machine of water descaling. Investment into the machine, assembled at the mill-350 in the bar-rolling shop No. 2, totaled 180 million rubles. “The project has been carried out under the program to improve SBQ (special bar quality) quality. The new machine will greatly increase our product portfolio…Details
In case there are delays when passing the Kerch Strait, the Metinvest will reroute its logistics to the Black Sea ports. “Of course, the payment for railroad transportation will result in additional expenses, but Metinvest will save on increased cargo volume”, the company said. On November 26 and 27 two vessels carrying Metinvest cargo to…Details
In January-October Ukrainian by-product coke plants increased 6% moisture coke manufacture by 4.7% YoY, to 8.986 million tons. According to Ukrkoks, in October output was 952 thousand tons, up from 878 thousand tons in September. The output growth is due to the slight increase in pig iron manufacture. In 2019 Ukraine is expected to increase…Details
In October Russia produced 4.3 million tons of pig iron, down by 0.7% YoY (4.17 million tons in September). In 10 months pig iron output totaled 43.138 million tons, up by 0.4% YoY. Ukraine, no longer a part of CIS, decreased pig iron output by 0.2% YoY, to 1.785 million tons in October (1.667 million…Details
In January-September DTEK received 3.395 billion UAH of net profit, including 2.009 billion UAH of net loss in Q3. In particular, the financial results were influenced by the decrease of the hryvnia exchange rate. The loss of currency exchange rate difference totals 0.6 billion UAH. The company income was 119.812 billion UAH in 9 months,…Details
Energomashspetsstal has won a tender to supply 377 tons of rolls to Zaporizhstal. According to the company statement, the new agreement was signed following the tender held in November. Next year EMSS will produce 16 vertical and back up rolls for cold- and hot-rolling mills. The rolls will be shipped by installments according to the…Details
Russian Railways announce another decrease of tariffs for the transportation of ferrous metals and other goods. From January 1 till December 31, 2019 some Ural metal plants will get special tariff conditions. In particular, RZhD is introducing a 47% discount on inner transportation of ferrous rolled metals from the Polevskaya station to the Kamensk-Uralsky station.…Details
Russia’s coal exports to Asia may contract in the next 10 years as some states in the region may refuse the fuel, Natural Resources and Environment Minister Dmitry Kobylkin declared on November 30. “The thing of importance here is not the position of our European colleagues, because as far as I am aware, we do…Details
China’s HBIS Tangsteel plans to build a 100-billion ruble steel plant in Russia’s Far East, the regional authorities said in a statement on November 30. “The corporation is interested in cooperation with the Far East of Russia. HBIS Tangsteel plans to acquire a metals plant in the Khabarovsk region, and to build a new metal…Details
Precious metal prices varied in Azerbaijan on November 30, according to the data published by the Central Bank. The price of gold decreased by 0.153 manats, to 2,082.568 manats per ounce on November 30 compared to the price on November 29. The price of silver dropped by 0.057 manats, to 24.3678 manats per ounce. The…Details
Industry and Trade Minister Denis Manturov met on November 29 with Russian producers of large-diameter pipes, who were dissatisfied with the procurement policy of Gazprom, sources close to the participants of the meeting reported. A source familiar with the results of the meeting said that the ministry agreed to organize a working group to discuss…Details
In October Russia produced 6.02 million tons of raw steel, up by 0.6% YoY (5.826 million tons in September). In January-October raw steel output totaled 60.294 million tons, up by 1.6% YoY. Ukraine, no longer a part of CIS, produced 1.917 million tons of steel, down by 6.7% YoY (1.787 million tons in September), and…Details
Magnitogorsk Iron and Steel Works (MMK) has successfully passed its second supervisory examination of energy management for compliance with the international standard ISO 50001, the certificate of conformity to which was first obtained in 2016. The audit was conducted by auditors of the certification body TUV Thuringen e.V. (Germany). The audit confirmed that the energy…Details
Anglo Asian Mining PLC expects gold production to be around 78,000-84,000 ounces in 2018 in Azerbaijan, President & CEO of the company Reza Vaziri declared. He said that it was expected 2018 production to be at top of the range. Vaziri said that the production was growing strongly, adding that the company commissioned a second…Details
Metalloinvest has signed an addendum to the loan agreement with ING Bank Eurasia. The bank has extended till November 2020 the terns of the loan in the volume of $200 million (or in euro equivalent). In January-September Metalloinvest increased net profit by 14.3% YoY, to $1.245 billion. Revenue grew by 17.3%, to $5.342 billion and…Details
The Russian government will buy up to 50,000 tons of aluminum or more from UC RUSAL if the company’s exports are hit with sanctions, Industry and Trade Minister Denis Manturov declared. Earlier the government signed a ruling to allocate up to 10 billion rubles for the Federal Agency for State Reserves to buy up to…Details
On November 26 Lvivugol received funds from the sale of coal.
All the money was spent to pay salary to miners for October.
Still, the funds were enough only to cover 10% of the salary. (Ukrainian metal)