Magnitogorsk Iron and Steel Works will take part in the Expert Group for the Development in Russia of Standards for the Implementation of Technology and Innovation. A unified methodology will increase demand for Russian technology and help boost Russian companies’ competitiveness. The standards will constitute recommendations on working with external innovations, along with other measures…Details
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The prices of precious metals varied in Azerbaijan on September 12, according to the data published by the Central Bank. The price of gold decreased by 0.5355 manats, to 2,029.222 manats per ounce on September 12, compared to the price on September 11. The price of silver decreased by 0.0787 manats, to 23.9715 manats per…Details
In August Dneprospetsstal produced 20999 tons of steel, up by 3% MoM, and 14034 tons of rolled metal, up by 8.6%. The combined cost of the products manufactured in August totaled 849861 thousand UAH, up by 7.4%. In January-August the company produced 168808 tons of steel and 112359 tons of rolled metal, down by 1.9%…Details
In January-August Chukotka Autonomous District extracted 16.38 tons of gold, down by 5% YoY. 14.52 tons accounted for ore gold, with 1.86 tons provided by alluvial sites. Silver output decreased by 15%, to 74.98 tons. In January-August 2017 gold output was 17.18 tons and silver – 87.85 tons. (Ukrainian metal)Details
In August the Federal Cargo Company transported 1.3 million tons of metal in gondola cars, up by 17% YoY. “In Ural region MMK increased loading into gondola cars to 155 thousand tons. In North-West Izhorsky Pipe Works to 16.3 thousand tons. Rostov Electrometallurgical Works increased loading to 11 thousand tons”, the company director of department…Details
In August Zlatoust Electrometallurgical Works exceeded its manufacturing plans. In particular, the metallurgical manufacture surpassed the plan on steel production using vacuum arc remelting technique. Nickel-containing steel and alloys accounted for some 1400 tons. The company has also mastered the manufacture of slabs of corrosion-resistant heat-resistant steel. In August ZEMZ produced 4.876 thousand tons of…Details
In January-July Russia exported 27.452 million tons of ferrous metals, up by 13.5% YoY. According to the Federal Customs Service, the exports of ferrous metals without pig iron, ferroalloys, scrap and wastes totaled 17.904 million tons, up by 5.9%. The exports of semi-finished products of carbon steel reached 9.507 million tons, up by 14.8%, of…Details
Belarus Iron and Steel Works has manufactured a trial batch of new products – rebars of 8 mm diameter. Previously the company produced rebars with the diameter of 10 to 40 mm. The mastering of the new product has been dictated by the demand from customers. This year the company has received some 40 orders…Details
Employees of the Novovolynskaya Mine No. 9 have been striking for 10 days already because of the wage debts. Now they have made a strike near the Volynugol administration premises demanding the CEO to be fired. “In addition to the clearing of the salary debts they also insist on firing the acting CEO of the…Details
Russian gold producer Polyus has retained its gold output forecast for 2018 unchanged, CEO Pavel Grachyov declared. “Yes, I can confirm our forecast. We are approaching the upper limit of a 2.375-2.425 million ounces range in a comfortable manner. The plan for 2019 is 2.8 million ounces,” he said. The Natalka gold mine continues to…Details
Artyom Filipyev has been appointed General Legal Counsel of PJSC ArcelorMittal Kriviy Rih. He will be responsible for enforceability of PJSC ArcelorMittal Kriviy Rih within laws of Ukraine, protection of interests of the company in economy, land and property. Prior to new appointment, Artyom Filipyev worked on the position of the Legal Director, PrJSC Consumers-Sklo-Zorya…Details
Mining and processing works of Ukraine now stock 700 thousand tons of iron ore raw materials with the norm of 150 thousand tons due to the difficulties with shipping via railroad. In August the companies undersupplied $100 million worth of products. “In September the goal will not be reached, thus, the companies will have to…Details
Nordgold has put into operation a new mine – Gross – in Yakutia. Investments in the mine are estimated at $250 million. When the mine reaches its design capacity it will be extracting some 12 million tons of ore and producing 200 thousand ounces of gold per year for 17 years. (Ukrainian metal)Details