The prices for gold and silver bars in Azerbaijan decreased, while the prices for other precious metals increased on August 1, according to the data published by the Central Bank. The price of gold decreased by 2.3035 manats, to 2075.751 manats per ounce, compared to the price on July 31. The price of silver decreased…Details
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Russian steelmaker Novolipetsk Steel (NLMK) plans to raise production in July-September as compared with April-June, the company said in a presentation. Operating results of Russian facilities of NLMK are traditionally strong in July-September, which should improve financial results of the company, NLMK said. The company’s steel production rose by 1% QoQ, to 4.381 million tons…Details
Velikomostovskaya mine of the state enterprise Lvivugol has put a new long face No. 114 into operation. The face reserves are estimated at 162 thousand tons of coal. The length of the long face will be 80-120 meters. It was expected to mine 3750 tons of coal in late July there. (Ukrainian metal)Details
On October 1 Bystrinsky Mining and Processing Works intend to supply the first batch of dry magnetite concentrate (2.948 thousand tons) to China. The drying shop has already been commissioned. Its construction began in 2016. From now on the company can supply magnetite concentrate in winter as well. The total volume of magnetite concentrate to…Details
In January-June Kapan Mining and Processing Works, a part of Polymetal International plc, processed 312 thousand tons of ore as opposed to 246 thousand tons a year ago. In Q2 ore processing grew to 158 thousand tons from 132 thousand tons in Q2 2017. In Q2 gold contents in ore totaled 2 g, down by…Details
In January-June Russky Ugol increased sales of Krasnoyarsk power-generating coal by 14% YoY, at the same time Amur coal sales grew by 5%. In particular, in 6 months the company shipped over 1.6 million tons of coal from Amur deposits and some 500 thousand tons of coal from Sayano-Partizansky pit in Krasnoyarsk region. (Ukrainian metal)Details
In June Russia produced 4.33 million tons of pig iron, up by 6.7% YoY (4.293 million tons in May). In 6 months pig iron output grew by 0.9% YoY, to 25.914 million tons. Ukraine increased output in June by 7.9% YoY, to 1.631 million tons (1.582 million tons), and by 7.7% YoY in 6 months,…Details
Andrey Lyaskovsky, who has previously headed the development block of the company, has been appointed the managing director of Zagorsky Pipe Works. His main tasks are to improve efficiency of the company operation, synchronize manufacturing and logistics processes, as well as increase the share of the autonomous operation. Sergey Toropov, the previous managing director, has…Details
Uralelectromed has assembled a new smoke pipe with the height of 14-storey building. It is installed at the gas-purifying unit, were gases from anode furnace, before reaching air, are 99.8% purified. The pipe has replaced the previous one that has served the company for 16 years. The new structure weighs over 35 tons and is…Details
Some of the goals of the ChTPZ Group are to decrease the prime cost of the products, increase the share on the market of seamless pipes and decrease the dependence on other metal companies’ pipe billets. “We don’t see any serious growth of demand for large diameter pipes on the domestic market because of the…Details
Within the strategy to increase product range ZEMZ has mastered the manufacture of another type of forged product, in demand on the market and widely used in nuclear industry. The forged sheet bar has the size of 30×500 mm and is made of heat-resistant alloy on the nickel basis HN55MBTU (EP666). The ingot has been…Details
The Naberezhnye Chelny territory of advanced development will receive new residents. In particular, Termokrep LLC will create a works to produce metal wares with thermodiffusion coating. Investments in the project will total 130.7 million rubles. 40 jobs will be created. (Ukrainian metal)Details