The prices of precious metals in Azerbaijan increased on August 8, according to the data published by the Central Bank. The price of gold increased by 4.8195 manats, to 2062.848 manats per ounce on August 8 compared to the price on August 7. The price of silver increased by 0.1156 manats, to 26.2166 manats per…Details
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According to railroad statistics, direct ferrous scrap deliveries to major Russian metal companies and pipe works reached 1.44 million tons, up by 14% YoY. In January-July scrap deliveries grew by 1.1% YoY, to 7.37 million tons. (Ukrainian metal)Details
The commissioning of the Baim Mining and Processing Works for one of the largest copper-gold deposits in the world – Peschanka in Chukotka – is scheduled for 2022. According to the region governor Roman Kopin, the previous date was 2024-2025. “We will see the first investments in 2018, and the project will be commissioned in…Details
As of August 1, the miners team Vostok-2 has extracted 25 kg of alluvial gold on the territory of the Sakhalin region, up by 8% YoY. At present the company is operating in the northern part of the Moiga site. This month the enterprise will start prospecting at the Valza River. The estimated reserves of…Details
Chelyabinsk Zinc Works has entered another stage of the manufacture diversification program. The first trial batch of cadmium pigments has been produced. The pigments are mostly used in coating that requires chemical stability, heat- and weather-resistance. Instead of metallic cadmium ChelZinc uses cadmium electrolyte in the manufacture of pigments, thus decreasing expenses. “The volume of…Details
In January-June Russia exported 1.551 million tons of raw aluminum valued at $2.8 billion, up by 15.4% and by 32.1% YoY respectively. According to the Federal Customs Service, in June exports dropped by 34% MoM, to 272 thousand tons valued at $482.6 million, down by 34.1%. Rusal is Russia’s largest producer of primary aluminum. Last…Details
Alfa-Bank has provided 6 billion rubles to Seversky Pipe Works, a part of TMK. The loan has been given for 3 years. “We are grateful to the Alfa-Bank team for the speed of making the deal – in just one week. The deal will allow TMK to optimize its loan portfolio”, TMK deputy director on…Details
This month Severstal will supply the first batch of hot-rolled metal to Uralmashzavod. Plates will be used in the manufacture of casting crane with the lifting capacity of 520 tons. The machine will be used at Cherepovets Iron and Steel Works. Investments in the project total 600 million rubles. The metal will be delivered via…Details
In July major Russian metal companies shipped 5.28 million tons of steel and pipes via railroad, up by 5.3% YoY. Deliveries to the domestic market totaled 3.05 million tons (+0.4%), while exports grew by 12.8%, to 2.23 million tons. In January-July deliveries reached 37.62 million tons, up by 5.6% YoY. Local customers received 21.29 million…Details
In January-June Tulachermet produced 1.27 million tons of pig iron, up by 3% YoY. The increase is due to the modernization of the blast furnace No. 3 in 2017, as well as the improvement of the quality of raw materials supplied to the company. Iron ore output dropped by 4%, to 2.48 million tons, with…Details
On August 12 the United Mining and Chemical Company is turning 4. In four years the company has invested over 1 billion UAH in technical revamping. Payments to the budget grew from 16.9 million UAH in 2014 to 875.7 million UAH in 2017. Last year UMCC paid 321.8 million UAH of dividends to the state,…Details
In January-June Dneprospetsstal steel output dropped by 0.3% YoY, while that of rolled metal grew by 0.9%. Sales increased by 1%. Net losses totaled 137.08 million UAH. Because of the losses investments have been decreased as well. In particular, in H1 the works saw 33.5 million UAH of investments, much lower than in previous years.…Details
In January-June Belarus Iron and Steel Works produced 43655 tons of metal wares, having sold 43306 tons. In particular, it produced 24063 tons of metal cord, 14049 tons of bronzed bead wire, 4291 tons of brass wire and 1219 tons of other wire. Output target was 2.6% overfulfilled. Sales target was fulfilled by 102.7%. Metal…Details