Prices of precious metals in Azerbaijan fell on July 30, according to the data published by the Central Bank. The price of gold decreased by 7.2505 manats, to 2074.3825 manats per ounce on July 30, compared to the price on July 27. The price of silver decreased by 0.0345 manats, to 26.2126 manats per ounce.…Details
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Prices of precious metals in Azerbaijan changed over to decline on July 27, according to the data published by the Central Bank. The price of gold decreased by 12,0445 manats, to 2081,633 manats per ounce on July 27, compared to the price on July 26. The price of silver decreased by 0,2755 manats, to 26,2471…Details
Erunakovskaya-VIII mine has started extracting coal from the new long face 48-6. The reserves of the site are estimated at 2.9 million tons of coking coal. The long face is situated at the depth of over 500 meters. It is planned to mine 250-300 thousand tons of coal per month. The mine is the youngest…Details
For the mine named after Tikhov (Russia) Corum has developed a new structure of the transformer substation with the capacity of 1 thousand kW, having considerably increased its durability. “We have designed, produced and certified the machinery especially for the mine. It is easy to access all the main elements of the substation, and it…Details
In January-June Zabaikalye region obtained 28293 tons of lead, up by 7% YoY, with 6971 tons yielded in June. Zinc output grew by 5%, to 12970 tons, with 2800 tons produced in June. Last year the region produced 61361 tons of lead and 43018 tons of zinc, up by 13.2% and 75% YoY respectively. (Ukrainian…Details
In July Vyksa Iron and Steel Works has shipped to Gazpromneft-Khantos the first batch of casing pipes with OTTM thread joints. The pipes with the diameter of 324 mm and the wall thickness of 9.5 were produced at the arc furnace shop No. 3 with the further creating of threads. “Thanks to the center of…Details
Zaporizhstal has entered the top-100 largest taxpayers in January-June according to the State Fiscal Service. In 6 months the company has transferred some 1.9 billion UAH to the budgets of all levels, including over 331 million UAH to the local budget. Last year Zaporizhstal paid 3.2 billion UAH of taxes. (Ukrainian metal)Details
In early August the Ukrainian government expects to get a comprehensive plan for bringing the national coal industry out of crisis, Prime Minister of Ukraine Volodymyr Groysman said during the government’s meeting devoted to situation in the national coal industry. “There’s a need to make clear, specific decisions within the framework of the Energy and…Details
Global steel output grew by 5.8% YoY in June, to 151.4 million tons, according to World Steel Association. In January-June steel manufacture increased by 4.6% YoY, to 881.5 million tons. Ukraine produced 1.7 million tons of steel, up by 7.5%. Thanks to that the country was able to climb two steps in the world rating…Details
The U.S. is holding fruitful talks with Russian aluminum giant UC RUSAL hit by sanctions in April, Bloomberg reported citing U.S. Treasury Secretary Steven Mnuchin. The U.S. did not plan to introduce sanctions against aluminum companies, Mnuchin said, adding he hoped he was holding fruitful discussions with the company to solve these problems. The U.S.…Details
Chelyabinsk Pipe-Rolling Plant (ChelPipe) posted a net profit of 6.927 billion rubles in January-June against a net loss of 864.754 million rubles in the same period of 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report. Revenue increased by 33%, to 71.921 billion rubles. The company posted a 7.862 billion…Details
Prime Minister Volodymyr Groysman has said that the Energy and Coal Industry Ministry should improve its work with state mines and turn them into profitable enterprises. “An important issue is Ukrainian coal: the Energy Ministry must finally fulfill its task and make state mines profitable enterprises, instead of constantly plunging miners into poverty,” Groysman stressed.…Details
The Buzhanskaya mines Nos. 9 and 10 in Novovolynsk will be checked for legality of using artesian wells. The mines did not pay for the water taken from the wells. Moreover they pollute the water. The deputy chairman of the Volyn regional state administration Sergey Kosharuk has ordered the relevant departments to check this. (Ukrainian…Details