Interpipe decided to construct a new line for railroad wheels machining valued at $15 million. The project will result in export increase. The line will contain machinery for the treatment of wheels, a finishing center, a control center, etc. The wheel output will increase by 13 thousand tons, or by 40 thousand pieces per year.…Details
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The police have uncovered a criminal scheme at the Novosibirsk Railway Switch Plant. From September 2017 till August 2018, a group of 5 employees was stealing ferromanganese from the plant. During the period the criminals have stolen some 6.5 tons of ferromanganese, having damaged the enterprise for the total amount of 1 million rubles. During…Details
In July Russia imported 42.5 thousand tons of flat galvanized rolled metal with polymer coating, down by 44% YoY. In 7 months imports dropped by 35.9%, to 222.4 thousand tons. China supplied the most metal (86.9 thousand tons, down by 58.3%). The average price on the Russian border was $886.7 per ton without VAT. It…Details
In January-July Kazakhstan exported 293.4 thousand tons of ferrous scrap to Russia valued at $76 million. According to the customs statistics, this is down by 12.6%, but up by 4.8% YoY respectively. In July exports grew by 39.7% YoY, to 71.8 thousand tons. The average price on the border with Russia was $275.7 per ton…Details
In January-July Kazakhstan exported 99.6 thousand tons of steel pipes to Russia, up by 102.2% YoY. This is also just 9% below the whole last year result. According to the customs statistics, deliveries from Kazakhstan account for 31.4% of all the Russian steel pipe imports. (Ukrainian metal)Details
In January-August Rusolovo, extracting tin in Khabarovsk region, produced 734.7 tons of tin concentrate, up by 45% YoY. The target was 721 tons. This year the company intends to produce 1600 tons of tin concentrate as opposed to 1010 tons in 2017. After 2022 tin output will increase to 4000-4500 tons due to the commissioning…Details
Zagorsky Pipe Works has successfully supplied pipes in polyurethane insulation to MOEK (power-grid company). The pipes with the diameter of 1220 mm and the wall thickness of 12 mm have been delivered in just 14 days. The total volume of the batch was 500 meters of pipes. The batch included 185 tons of pipes in…Details
Prices for precious metals increased in Azerbaijan on September 19, according to the data published by the Central Bank. The price of gold grew by 6.392 manats, to 2,043.519 manats per ounce on September 19 compared to the price on September 18. The price of silver went up by 0.1118 manats, to 24.1462 manats per…Details
Coal Mining Company “Kolmar” is going to export up to 40 million tons of coal per year via the terminal being built in the Muchke Bay (Vanino, Khabarovsk region), Yury Tyamushkin, General Director of VaninoTransUgol (a company building the terminal), has reported. “At the Eastern Economic Forum, Kolmar management said they were going to export…Details
Production of gold at Makmal field in Jalal-Abad region has been suspended, the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov declared. The press service of Kyrgyzaltyn OJSC confirmed the information. The gold recovery plant has suspended its work since September 1. The mineral resource base of the mine is completely depleted, so further work…Details
The metal of Rusal Armenal might return to the market of the United States. The Office of Foreign Access Control said that US citizens and their partners could make new contracts with Rusal, the owner of Armenal, and other companies of Oleg Deripaska from the sanctions list. But this applies only to companies that have…Details
The system of electronic trade OpenMarket has listed one of the oldest mines of the Central Donbass. The Yuzhnaya mine is a part of the state enterprise Toretskugol. It was founded in 1877. The mine is situated in the village of Yuzhnoye near the borders of the Toretsk city in Donetsk region. In 2014 because…Details
In January-August Kazakhstan mined 28.21 million tons of iron ore, up by 9.7% YoY. According to the Statistics committee of the Ministry of National Economy, copper ore output totaled 68.16 million tons, up by 4.6%, gold-bearing ore – 13.789 million tons, up by 6.8%, and chromium concentrate – 3.24 million tons (+6.2%). (Ukrainian metal)Details