The project to construct underground mine Mayak has been approved by the State expertise service. The mine will be able to yield 1 million tons of copper-nickel ore per year. The project provides for underground operation only. The construction will be financed by Nornickel itself. (Ukrainian metal)Details
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The prices for main precious metals in Azerbaijan have decreased July 16, according to the data published by the Central Bank. The price of gold increased by 0,918 manat, to 2115,684 manats per ounce on July 16, compared to the price on July 13. The price of silver decreased by 0,1496 manats, to 26,9402 manats…Details
The price of one ounce of gold decreased by 23.6045 manats or by 1.1029% last week, to 2,128.0005 manats. Last week the price of one ounce of silver decreased by 0.3164 manats or by 1.1545%, to 27.18488 manats. The price of one ounce of platinum decreased by 24.667 manats or by 1.698%, to 1,434.2951 manats.…Details
ArcelorMittal Kriviy Rih reports that Sumykhimprom and the state enterprise Vostochniy GOK refuse to supply sulfuric acid without any explanation. “We now face the absence of sulfuric acid on the domestic market. Why do we bring it from Belarus? Because we have no choice, as we cannot buy the sulfuric acid in Ukraine”, the company…Details
On July 12 the Uzbek-Swiss joint venture Metal Processing commissioned a plant in the city of Tashkent. The works will produce parts for the textile machinery, as well as spare parts used in the transportation sphere. Investments totaled $4 million. The company will be able to process 760 tons of metal per year. 60 jobs…Details
In January-June the enterprises of the Siberian Coal Power Company (SUEK) mined 55.6 million tons of coal, up by 4% YoY. Sales grew by 12%, to 59.9 million tons. Exports increased by 6%, to 28.6 million tons. On the domestic market the sales increased by 18%, to 31.3 million tons. In particular, power-generating enterprises received…Details
Ametistovoye Mining and Processing Works was put into operation in September 2015. In three years a lot has been done to develop the works. As the result, now the GOK is the largest gold-extracting enterprise in Kamchatka. Its capacity is 600 thousand tons of ore per year. Recently the enterprise has produced the 10th ton…Details
MMK has finished the reconstruction of the blast furnace No. 1, commissioned in 1932. The cost of the project, carried out in less than 6 months, totaled 5.4 billion rubles, including 2.35 billion rubles worth of machinery and the rest being construction and repair works. The reconstruction of the BF1 and the construction of the…Details
The Verkhovna Rada has adopted a law introducing amendments to the law on Ukraine’s state budget for 2018 regarding the proper financing of the state sector of the coal industry. A total of 261 MPs voted for the for adoption of draft law No. 8362 at the first reading and as a whole, with technical…Details
In April-June steel output grew by 1%, to 4.38 million tons driven by high capacity utilization at the NLMK Russia Long Products Division. The 6% YoY growth was associated with the increase in demand for group products on its key markets. Group sales increased by 6% QoQ, to 4.38 million tons due to the growth…Details
PJSC ArcelorMittal Kriviy Rih continues to invest in new automotive equipment. Last week three new 45-ton dump trucks BelAz-75473 were released for the performance of steelmaking wastes disposal. The total cost of dump trucks amounted to 26 million 700 thousand UAH. Aleksey Smirnov, Deputy Director of Motor Transport Department, PJSC ArcelorMittal Kriviy Rih: “As of…Details
The power-generating company Centerenergo intends to import 1.5 million tons of coal via seaports from September 1, 2018 till May 31, 2019. 600 thousand tons of coal will be imported via the Nikolayev trade port of Yuzhniy and TIS-Terminal LLC each, and 300 thousand tons via the Chernomorsk sea trade port. The expected cost of…Details
In January-June construction companies received 4.9% less metal via railroad YoY. Bars accounted for 43.2%, down by 5.5%. Assorted sections and bars accounted for 34%, down by 4.8%. The share of roofing steel (including galvanized steel) was 8.5%, down by 8.6%. The share of pipes dropped by 5.6%, to 6.5%. Beams, channel and angles accounted…Details