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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…
DetailsThe board of directors of Bashkiria Soda Company (produces 80% of soda in Russia) has approved the creation of the titanium dioxide manufacture with the capacity of 100 thousand tons and zirconium oxychloride (25 thousand tons) in 2024-2026 together with Kazakhstan. BSC will have 51% in the project valued at $905 million. The manufacture will…
DetailsThe mining company Bystrinskoye LLC is preparing the machinery for commission at the Bystrinsky Mining and Processing Works. All will be ready in 2019. And in 2020 the company intends to reach the scheduled capacity of 10 million tons of ore per year. So far the company has hired some 2 thousand employees and is…
DetailsThe borders of the Kamchatka priority development area have been extended. 12 new land plots have been added to its territory. There investors intend to construct mining and processing works to develop gold and silver deposits. The company Ametistovoye will construct a mine and modernize its gold-extracting factory. Kamchatskoye Zoloto will develop the Zolotoye, Kungurtsevskoye…
DetailsKyshtym Electrolytic Copper Plant has carried out a scheduled repair of its main copper-smelting machine – the MAERZ furnace with the volume of 380 tons and the capacity of 125 thousand tons of anode copper per year. The furnace was shut down for only 24 hours. 20 tons of refractory bricks were used in repair.…
DetailsIn January-September the export of Russian raw nickel totaled 101.8 thousand tons valued at $1366 million. The export volumes fell by 1.5%, while revenue grew by 36.1% YoY. In September the average price was $11646 per ton FOB, up by 4.8% YoY. (Ukrainian metal)
DetailsTotal throughput of Cherepovets Iron and Steel Works port during the navigation period has grown by 2.8% YoY, to 4.4 million tons. Metal throughput increased by 3%, to 1.65 million tons. “The increase is the result of the improved logistics, in particular, the use of the same fleet to transport raw materials and metal products”,…
DetailsMagnitogorsk Iron and Steel Works (MMK) became a national prizewinner of “Prioritet 2018”, a national award in the area of import substitution in the Metallurgy category. The jury highly praised a unique polymer rolled steel SteelArt produced at MMK-Lysva Metallurgical Plant (part of MMK Group). SteelArt is a polymer rolled product with a decorative coating…
DetailsPrecious metal prices decreased in Azerbaijan on November 21, according to the data published by the Central Bank. The price of gold dropped by 2.618 manats, to 2,075.4875 manats per ounce on November 21 compared to the price on November 20. The price of silver fell by 0.1212 manats, to 24.3376 manats per ounce. The…
DetailsIn January-October Ukrainian by-product coke plants imported 9.9 million tons of coking coal and coal concentrate for coking, up by 15% YoY. In October 1.06 million tons of coke were imported, down by 1% MoM. Ukrainian coal deliveries in 10 months dropped by 19%, to 2.19 million tons, with 250 thousand tons supplied in October,…
DetailsIn January-October Ukrainian metal companies increased gas consumption by 9% YoY, to 1.52 billion cubic meters. In October gas consumption totaled some 140 million cubic meters, down by 7% MoM. In 10 months electricity consumption grew by 8%, to 9.8 billion kW-h. (Ukrainian metal)
DetailsIn January-August Russia produced 194.23 tons of gold, up from 193.58 tons last year. According to the Ministry of Finances, mined gold output totaled 162.28 tons, up by 2.6% YoY. Co-product and secondary gold manufacture dropped by 13%, to 10.3 tons, and by 8.3%, to 21.65 tons respectively. Silver output grew by 1.8%, to 701.26…
DetailsThe Vacuum Metallurgy Works is a joint project of Ruspolymet and Group Tinvest on the manufacture of titanium alloys. The commission of the works is scheduled for Q1 2019. The works will have unique machinery. The first of the three main components – the electron beam plant – has already been put into operation. This…
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