The Ministry of economic development and trade together with Kobe Steel has approved of the road map to implement latest techniques at the Krivoy Rog Mining and Processing Works of Oxidized Ores. In March the ministry, Kobe Steel Ltd and Hares Engineering GmbH concluded a Memorandum of Understanding on the project. The road map touches…Details
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The prices of main precious metals varied in Azerbaijan on June 27, according to the data published by the Central Bank. The cost of gold decreased by 20.31 manats, to 2133.6615 manats per ounce compared to the price on June 25. The cost of silver decreased by 0.25 manats, to 27.5641 manats per ounce. The…Details
Residents of Aknazar rural area in Bakai-Ata district held a rally against gold mining in Urmaral gorge, the press service of the State Committee for Industry, Energy and Subsoil Use reported. According to it, about a hundred people held a rally in front of the local administration. They are afraid that after the beginning of…Details
The limitation of sulfuric acid imports will affect the whole economy, as the shortage of this raw material could halt the metal industry. “If, because of the lack of sulfuric acid, by-product coke plants shut down, the whole metal industry will halt as well”, Azovstal CEO Enver Tskitishvili said. According to him VostGOK and Sumykhimprom…Details
In January-May Ukrainian by-product coke plants increased 6% moisture coke output by 8% YoY, to 4.508 million tons. According to the association of by-product coke enterprises Ukrkoks, in May output totaled 896 thousand tons. At present the by-product coke enterprises are working in stable mode. In late June coke output has even increased. (Ukrainian metal)Details
The annual meeting of the shareholders of Vysochaishiy (GV Gold) has elected a new board of directors. The number of independent directors has increased to 50%. It was also decided to spend 2.237 billion rubles to pay dividends for 2017. This is 30% of the EBITDA and the record high payment to GV Gold shareholders.…Details
In April, according to the customs statistics, Russia exported 9.7 thousand tons of corrosion-resistant steel valued at $10 million, down by 1.9% MoM, but up by 50.5% YoY. Revenue dropped by 4.5% MoM, but increased by 66.7% YoY. In January-April exports reached 31.6 thousand tons, up by 9.4% YoY, valued at $33 million, up by…Details
In January-April Russia imported 78.7 thousand tons of corrosion-resistant steel valued at $179 million, down by 8.6% and by 2% YoY respectively. According to the customs statistics, 600+ mm sheet accounts for 90% of the deliveries. The main supplier is China (41%), followed by Taiwan (16.5%). Spain and South Korea supply some 8% each. (Ukrainian…Details
In January-May Buryatia extracted 1569.7 kg of gold, up by 24.5% YoY. In particular, ore gold output totaled 1432.5 kg and alluvial gold – 137.2 kg. Ore gold is mined by Buryatzoloto, Zapadnaya miners team and Sininda 1 miners team. The largest alluvial gold extractors are Sininda 1, Priisk Tsipikansky LLC, Vitimgeoprom, Kurba miners team…Details
In June Severstal Steel Decisions has finished supplying metal structures weighing 322 tons for the construction of the wholesale market in Primorye region. The building with the total size of 9600 square meters will be used for loading and unloading. The length of the building will be 120 meters, while the height – 11.5 meters.…Details
Chepets Mechanical Works has commissioned a system of manufacturing management in the bar shop. The new information system on the basis of MES Hydra allows monitoring the rolling mills operation in real time. The data gathering has decreased from 8 hours to 5 minutes. The project will result in the digital transformation of zirconium refining.…Details
Specialists of Beloretsk Iron and Steel Works have presented their newest import-substituting products to mining companies of Kemerovo, Krasnoyarsk, Zabaikalye and Khabarovsk regions, as well as Republics of Khakassia and Buryatia, and Uzbekistan. Trial batches of steel ropes with polymer coating will be supplied to customers, while the full-scale manufacture will start in early 2019.…Details
Gold and silver producer Polymetal International is ready to buy a pressure oxidation unit (POX) from Russia-focused gold producer Petropavlovsk Plc for $250 million. Polymetal is even ready to finish construction of the unit on its own and to buy 300,000 tons of refractory ore concentrate from Petropavlovsk per year to refine it at the…Details