The price of one ounce of gold decreased by 54.3065 manats or by 2.64% last week, to 2020.3684 manats. The price of one ounce of silver decreased by 1.0258 manats or by 3.95%, to 25.31152 manats. Last week the price of one ounce of platinum decreased by 65.637 manats or by 4.72%, to 1346.7774 manats.…Details
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The authorities of Karaganda region and ArcelorMittal Temirtau have signed a roadmap on development in 2018-2020. The company will have invested 305 billion tenge in the manufacturing by 2020. Since 2010, this is the highest level of investments in modernization. In 2018 AMT will invest 100 billion tenge in modernization, in 2019 – 105 billion…Details
In January-June the net profit of KAZ Minerals Plc grew by 49% YoY, to $276 million. Revenue totaled $1.1 billion, up by 52%. Copper concentrate and copper cathode sales prices increased by 17% and by 19% respectively, to $6135 and $6916 per ton. This year the company intends to produce 270-300 thousand tons of copper.…Details
The first rock mining and explosive works have been carried out on the territory of the Baranyevskoye deposits. The first ore is expected to be extracted in late 2018, while in 2019-2020 the Aginsky Mining and Processing Works will reach the design capacity. The reserves of the deposits are 30 tons of gold and 20…Details
OMZ-Spetsstal has started shipping reactor vessel billets for the first power unit of Ruppur Nuclear Power Plant in Bangladesh. Under the contract concluded in September 2017, the company will supply billets for the construction of the reactor vessel. So far, the flange, lower shell and the support shell billets have been shipped. (Ukrainian metal)Details
Sinarsky Pipe Works has finished the capital repairs and modernization of the pipe-rolling mill in the pipe-rolling shop No. 3. The mill has been shut down for 2 weeks, but this has had no impact on the pipe manufacture: to continue operation the works used pipe semi-finished products. “The major overhaul and the successful modernization…Details
Despite the difficult situation on the world market, the Aluminum Association marks a positive trend in the Russian segment – the creation of new manufactures, increase of product range and development of new spheres of usage have resulted in the increase of the aluminum consumption in January-June by 12% YoY, to 580 thousand tons. One…Details
Chelyabinsk Iron and Steel Works has produced 700 tons of rolled metal for the construction of the congress-hall Taganay 2020 and the third stage of the road interchange near the bridge over the Miass river in the city of Chelyabinsk. The summit of the BRICS and SCO, to be held in 2020, will change the…Details
In January-June VIZ-Stal decreased the average power intensity of the transformer steel manufacture by 7.2% YoY, to 7.5 Gcal per ton. Expenses to purchase energy carriers dropped by 3 million rubles. This is the result of the energy efficiency increase program. In particular, in the cold-rolling shop the company has repaired the system of steam…Details
Dneprometiz has started producing low-carbon steel wire with the diameter of 1.2, 1.4 and 1.6 mm according to GOST 3282-64 with a new winding technique. The main characteristic of the winding is the special form and weight of the coil – 200 g. Such products are used as packing materials in various industries. (Ukrainian metal)Details
The Miners Union of Ukraine has applied to the International Labor Organization, a part of UN, with the complaint on the breach of their rights due to the non-payment of salary. According to the Independent Miners Union chairman Mikhail Volynets, the salary debts to miners are growing. So far the debt amounts to 1 billion…Details
Obukhovskoye Mine Group, Rostov region, a part of Ukrainian DTEK, has suspended coalmining following an explosion. According to preliminary information, during the preparation for the explosion works at the long face No. 501, blast-hole charges detonated. There is no information on the collapse of the mine, but 5 miners were injured and one perished as…Details
Metinvest deal to buy 24.99% of Pokrovskoye Mine Group is one of the largest on the Ukrainian market in the past years. Metinvest paid $190 million for the stake. According to Eavex Capital, the whole company is estimated at $0.9-1.1 billion, thus the stake has been purchased at a market price. The mine group belonged…Details