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In January-August Magadan region extracted 24529 kg of gold, up by 13% YoY. 12339 kg accounted for ore fold, up by 30%. Alluvial gold output totaled 12190 kg, on par with the previous year period. Silver extraction grew by 1%, to 478.6 tons. This year it is planned to obtain 37 tons of gold and…
DetailsThe price of one ounce of gold increased by 18.887 manats or by 0.9271% last week. Thus, the average price of one ounce of gold stood at 2046.555625 manats. The price of one ounce of silver grew by 0.4196 manats or by 1.7458%, to 24.2478 manats. The price of one ounce of platinum went up…
DetailsThe Russian Railroads sales center in the city of Chita in August shipped over 13 thousand tons of coal to China. It took the center some 200 wagons to ship the lot. This was also the largest shipping to China last month. (Ukrainian metal)
DetailsIn August Ukraine exported $59.1 million worth of pipes, up by 27.1% YoY. Imports grew 2-fold, to $21.801 million. According to the State Fiscal Service, steel pipes deliveries to US were the largest ($10.193 million). In January-August Ukraine exported $484.621 million worth of pipes, up by 39.5%, while imports grew by 55.4%, to $111.14 million.…
DetailsAs a result of a sudden fall of the rock an employee was hit at the Ekspluatatsionnaya mine of the Zaporozhye Iron Ore Complex. Despite medical aid, the miner died of the injuries. A special commission has been created at the enterprise to investigate the accident. Minerfin (Slovakia) owns 51.17% of ZZhRK, Zaporizhstal – 29.5%…
DetailsUchaly Mining and Processing Works power shop has finished the construction of a switching substation 6 kW with 19 units at the electric substation No. 63 “Shakhty”. The commissioning of the switching substation will be the first stage to expand the “Shakhty” to provide a new mine and the second stage of the waste treatment…
DetailsRostov region police have found a large-scale fraud connected with metal market. An ex-director of a closed company dealing in metal and metal ore wholesale has concluded a fictitious contract with a foreign company to supply ferroalloys raw materials. But instead of the expensive raw materials metal waste was shipped. After that the ex-director filed…
DetailsAn extraordinary shareholders meeting at Norilsk Nickel decided to pay 776.02 rubles of dividends per ordinary share (some $11.37) for the first half of 2018. The total amount of funds to be paid as dividends is 122.8 billion rubles (around $1.8 billion). (Ukrainian metal)
DetailsThe Eurasian Economic Committee suggests prolonging the current antidumping duties against Chinese seamless pipes of stainless steel for 5 more years. The duties target seamless, cold-drawn or cold-rolled ferrous pipes, tubes and hollow sections of corrosion-resistant steel manufactured by Chinese companies and imported to the territory of the EEU from China and Malaysia. The current…
DetailsChief Executive Officer of PJSC ArcelorMittal Kriviy Rih and member of the Board of European Business Association (EBA) Paramjit Kahlon mentioned five main challenges foreign investors faced with in Ukraine in his opinion. “First thing required for stable performance of big international companies is investor-friendly attitude within the whole period of their activity. They should…
DetailsPrices of precious metals increased in Azerbaijan on September 21, according to the data published by the Central Bank. The price of gold grew by 6.4515 manats, to 2,056.014 manats per ounce on September 21 compared to the price on September 20. The price of silver went up by 0.0974 manats, to 24.454 manats per…
DetailsThe U.S. Treasury’s decision that Russian aluminum giant UC RUSAL can enter new transactions with existing customers in 2019 is likely to stabilize aluminum prices as it removes some uncertainty over the company’s metal deliveries, international rating agency Fitch said in a statement. “The sanctions against RUSAL are among the main short-term drivers for global…
DetailsThe foil-rolling plant Rusal Armenal has started decreasing output capacities and transferring employees to part-time work. The reason is the drop of demand for Armenal products because of the US sanctions against Rusal. Armenal has 670 employees, by the end of September 184 of them will have been receiving only two third of salary due…
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