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Alliance Altyn Company is going to put a license for development of Jerooy gold deposit in pledge in a bank to get a loan of $180 million, Daniyar Zhanykulov, head of the company’s public relations department, reported. According to him, the wording of the law on mineral resources, adopted in May, allows companies to carry…
DetailsThe price of one ounce of gold increased by 17.527 manats or by 0.87% last week in Azerbaijan, to 2,033.8273 manats. The price of one ounce of silver decreased by 0.0936 manats or by 0.39%, to 24.3830 manats. The price of one ounce of platinum grew by 18.3022 manats or 1.32%, to 1,400.0622 manats. While…
DetailsAn alternative route has been established for the supply of raw materials from Azerbaijan to Tajikistan for the needs of the Tajik Aluminum Company (TALCO), the Tajik Embassy in Azerbaijan reported. This route implies deliveries from Azerbaijan through Russia, Kazakhstan and Uzbekistan to Tajikistan bypassing Turkmenistan. The transit through Turkmenistan has recently been closed, and…
DetailsIn 5 years the KamAZ foundry works has decreased the level of faulty products 4-fold, to 2.05%. By the next year the works intends to have reduced it by 25% more. According to the chief technical engineer of the company Vitaliy Martemyanov, every day special working groups analyze the conditions of the foundry rigs and…
DetailsIn January-September Ukraine increased rolled metal output by 6% YoY, to 13.844 million tons. Steel manufacture grew by 4%, to 15.767 million tons and pig iron – by 9%, to 15.288 million tons. In September Ukraine produced 1.657 million tons of pig iron, down by 3.7% MoM, 1.787 million tons of steel (on par) and…
DetailsThe converter shop of Evraz NTMK – the first converter shop in Russia – is celebrating its 55th anniversary. Since its launch the shop has smelted 140 million tons of steel and produced 70 million tons of steel billets. Now the converter shop boasts four 160-ton converters. It also has four ladle-furnaces and two circulatory…
DetailsThe United Metallurgical Company has presented new developments in import replacement at the VIII Petersburg International Gas Forum. The innovative ball cranes are intended for the extraction, transportation and processing of gas, as well as for the liquefied natural gas sphere. The new ball cranes, previously mostly imported by Gazprom, can now be produced at…
DetailsAccording to the forecast of the Ministry of Economic Development of the Russian Federation domestic steel rolled products output will reach 61.5 million tons in 2018, up by 0.9% YoY. Rolled products export is expected to reach 28 million tons (+0.3%), and import – 5.5 million tons (+1.4%). Rolled stock domestic consumption will reach 39…
DetailsIn January-September Ukraine increased pig iron exports by 39.7%, to 2.27 million tons valued at $793.95 million, up by 57.8%. According to the State Fiscal Service, pig iron was mostly exported to the USA (59.63%), Italy (13.12%) and Turkey (11.06%). At the same time in 9 months Ukraine imported 1.1 thousand tons of pig iron…
DetailsIn August Ukraine produced 247 thousand tons of rebars, down by 1% MoM. In particular, ArcelorMittal Kriviy Rih produced 179 thousand tons, down by 1%, Makeevka subsidiary of Yenakievo Iron and Steel Works – 62 thousand tons, up by 4%, and Dneprovsky Iron and Steel Combine – 6 thousand tons, down by 31%. Exports grew…
DetailsThe debt on salary payment to the employees of state coal enterprises amounts to 470 million UAH. “According to the government decree, 136 million UAH will be transferred to clear salary debts to state miners. All the approving procedures are underway”, the deputy minister of energy and coal industry Anatoliy Korzun said. He believes, soon…
DetailsKurakhovskaya mine employees have joined the striking miners from Kotlyarevskaya who have blocked the Dnepr – Donetsk road between Pokrovsk and Selidovo because of the salary debts. Both mines are parts of the state enterprise Selidovugol. According to the chairman of the Independent Miners’ Union of Ukraine Mikhail Volynets, the road was blocked leading to…
DetailsCorum Group and one of the largest manufacturers of coking coal – Donetskstal – have concluded a strategic alliance for 3 years. According to the companies, long-term cooperation could positively influence their business. The parties have decided on three main goals of the alliance: – the increase of coal mining efficiency thanks to the improvement…
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