The prices of main precious metals increased in Azerbaijan on June 6, according to the data published by the Central Bank. The cost of gold increased by 8.8145 manats, to 2,204.6705 manats per ounce compared to the price on June 5. The cost of silver increased by 0.1829 manats, to 28.0822 manats per ounce. The…Details
China National Gold Group and SUN Gold Ltd (India) intend to attract some $500 million of investments in 2 years to develop gold extracting at the Klyuchevskoye deposits in Zabaikalye region. The expected volume of output is 12 million tons of ore per year with the production of 6.5 tons of gold. If the regional…Details
ArcelorMittal Kriviy Rih has mastered the manufacture of a special angle for the market of the United Arab Emirates. “This exclusive angle with the dimensions of 38x38x5 mm was produced on the MS250-2 mill of the bar-rolling shop No. 1. Our specialists have created all the necessary equipment for the manufacture of the angle”, the…Details
Following the results of the “Best exporter of 2017” competition, held by the Belarus Chamber of Industry and Commerce, Belarus Iron and Steel Works has been named the leader in the Metallurgy nomination. This is the fourth BMZ victory in a row: the company was awarded the “Best exporter” title in 2014, 2015 and 2016.…Details
In January-April Armenian metal industry showed decrease of 14.4% against the growth of 9.4% in January-April 2017. According to the National Statistics Service, ferromolybdenum output dropped by 34.5% YoY, to 2439 tons. In April Armenia produced 545 tons of ferromolybdenum, down by 45.3% MoM. Molybdenum concentrate manufacture grew by 1% YoY, to 3964 tons, with…Details
Pervouralsky Pipe Works has replaced bag filters of the gas-purifying equipment.
The cost of the project was 20 million rubles.
The filter replacement will decrease dust emission and minimize the manufacture impact on the environment.
According to the company managing director Alexei Dronov, this year environment projects budget has been increased by 20%. (Ukrainian metal)
Ingulets Mining and Processing Works has repaired the electric locomotive OPE1-AM No. 33. According to the company CEO Alexander Gerasimchuk, the locomotive was repaired at the Tbilisi Locomotive-building Pant (Georgia). Now the engineers are assembling the roof equipment. Soon the locomotive will resume operation. “This will allow us not only to increase the rock transportation…Details
The state enterprise Lvivugol has ordered Lviv Coal Company coal processing valued at 119.05 million UAH. The purchase was conducted via the negotiations procedure, as the previous two attempts through auctions failed because of the lack of participants. Cancelled purchases presupposed the purchase of processing of 878 thousand tons of coal at 83.43 million UAH,…Details
The prices of enterprises manufacturing industrial products, as well as providing production services, in Kazakhstan increased by 2.6% MoM in May and by 5% compared to December 2017, the Committee on Statistics of the Kazakh National Economy Ministry reported. Since the beginning of the year, producer prices in the manufacturing industry have increased by 3.5%…Details
Volnogorsk Mining and Processing Works has concluded 2 agreements with Yuromash LLC on the purchase of dump trucks valued at 353.16 million UAH. This year the company will have supplied 18 Bell B60E 4×4 dump trucks with the lifting capacity of 55 tons, in particular 9 machines at 19.18 million UAH apiece and 9 machines…Details
One of the largest machine-building holdings of Ukraine – Corum, owned by Rinat Akhmetov, has merged with DTEK Energo. Now it is another energy holding business direction. Last year DTEK announced the purchase of two works – Svet Shakhtera and Corum Druzhkovka Machine-building Works, as well as a small manufacturing site of Mining Machines. All…Details
In May West-Siberian Railroad transported 27 million tons of cargo, up by 4.2% YoY and by 14.5% from May 2016.
Coal transportation increased by 3.7% YoY, to 20.8 million tons.
Ferrous metals accounted for 649.3 thousand tons, up by 9.2%, and iron ore – 604 thousand tons, up by 8.6%. (Ukrainian metal)
In 2017 VSMPO-Avisma share of exports to Europe increased to 47%. The corporation revenue dropped because of the ruble strengthening, to 72.4 billion rubles. Net profit reached 19.1 billion rubles, and EBITDA – 29.1 billion rubles. Titanium sales grew by 14%, to 28.8 thousand tons. Exports growth totaled 26%, with European countries accounting for 47%,…Details
Severstal Russian Steel has finished the delivery of metal structures for the construction of the industrial building in the city of Orel. In particular, the company supplied metal structures weighing 384 tons, metal wares and barrier structures. The building has two stories and its size is 90x96x10 m. Metal structures were produced at the local…Details
Since the start of the year the open pit mine of Gaysky Mining and Processing Works has received 9 units of mining machinery, including 8 BelAZs (six with the lifting capacity of 55 tons and two with 45 tons) and the Komatsu PC 1250-8 excavator. All the machines are operating at the Dombarovskaya, Kvarkenskaya and…Details
Metalloinvest will construct the site of hot-rolled metal heat-treatment at OEMK. The capacity of the complex will be 70 thousand tons of high-quality bars (SBQ). Danieli will supply all the necessary machinery. The cost of the project is 3 billion rubles with VAT. The complex is expected to be commissioned in 2019-2020. In 2017 Metalloinvest…Details
This year Ukrzaliznytsia intends to finish the electrification of the Potoki – Zolotnishino route, which unites the main railroad with the Poltava Mining and Processing Works. This is expected to improve the efficiency of the company operation. According to Ferrexpo investors and communications director Ingrid MacMahon, the route electrification will decrease the time of products…Details
In January-April Ukraine increased metal exports by 4.6% YoY, to 5.159 million tons. In addition, 6.181 million tons of rolled metal were produced, with 5.16 million exported, or 83.5%. In January-April 2017 the share of exports was 81.7%. The share of semi-finished products in the exports volume was 43.9%, up from 40.3%. Flat rolled metal…Details
The Zaporozhye region prosecutors have filed a claim to the court to recover 20 million UAH to the city budget from one of the largest metal companies of the region – Zaporozhye Abrasive Works. The prosecutors have found out that the company has been using the land site of over 50 ha without any agreements…Details
The energy saving project at the DTEK Pavlogradskaya Central Processing Factory will allow the company saving 70% of electric energy on lighting. DTEK Esco has completely financed and assembled 650 new LED-lamps as well as replaced 6 km of cable network. “This modernization will allow us saving 1.1 million kW-h per year, or 1.8 million…Details
The regional state enterprise Primteploenergo has announced a tender to estimate the market value of the 100% stake in Lermontovsky Mining and Processing Works in order to take a decision on selling it. The maximum price of the contract is 3.8 million rubles. The work has to be carried out within 20 days. Earlier the…Details
In 2019 Rusal intends to start reconstructing the capacities of the Yaroslavskaya Mining Company LLC (Yaroslavsky Mining and Processing Works), which has been idle since September 2013. Commissioning of the enterprise is scheduled for Q3 2020. “The works used to produce calcium fluoride, which cost $406 per ton, while China and Mongolia sold it much…Details
Mechel intends to buy Izhevsk Works of Metallurgy and Machine-Building (Izhmetmash). A group of Mechel representatives has held a meeting with the local ministry of industry. According to Udmurtia governor Alexander Brechalov, those were the second negotiations with the potential buyers. Earlier the works was offered to Izhora-Metall. On July 9 Izhmetmash will be reorganized.…Details
The Segal foundry-press plant has put into operation a new press machine.
This is the seventh press machine operated by the company. It will help increase output and product quality, as well as strengthen positions on the Russian and foreign markets.
The city mayor Sergey Yeremin participated in the event. (Ukrainian metal)
Metalloinvest is improving its sales and operation planning efficiency. Within the Industry 4.0 business transformation program the company is using the Quintiq solution at all of its key enterprises: Lebedinsky and Mikhaylovsky Mining and Processing Works, OEMK and Ural Stal. “The Quintiq solution helps to efficiently optimize the whole delivery chain. It will help us…Details
The state enterprise Vostochniy Mining and Processing Works has ordered SIA Zodiak Plus (Latvia) the delivery of sulfur valued at $1.23 million, or 38.95 million UAH without VAT. This year the company has to deliver 10 thousand tons of 9995 grade sulfur according to GOST 127.1-93 at $123 per ton or 3895 UAH per ton.…Details