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In January-June Magadan region extracted 13.4 tons of gold, including 4.3 tons of alluvial gold and 9.1 tons of ore gold. Silver output reached 359 tons. Gold output increased by 14.5% YoY. At the same time silver manufacture demonstrated a slight decrease – by 2.7%. This year the region intends to yield 37 tons of…
DetailsIn January-May the metal industry of the Volgograd region demonstrated positive dynamics. In particular, alloyed steel output increased by 1.6% YoY, pipes, sections and fittings – by 16.6%. Metal companies transferred 1.1 billion rubles of taxes to the regional budget, up by almost 20% YoY. The average salary in the industry totaled 41.2 thousand rubles,…
DetailsKrasnoyarsk Iron and Steel Works has started producing spare parts for the Aurus project, the range of Russian limousines. This year the company will produce 8.5 tons of spare parts. The sales of the cars are expected to start in 2019 with some 50-70 units per year. (Ukrainian metal)
DetailsIn January-June Rusolovo mined 114.776 thousand tons of ore, up by 199% YoY. Tin concentrate output reached 361 tons, up by 62%. Pravourminskoye LLC yielded 65% of the tin concentrate, and the rest was provided by the Tin Ore Company. This year the company intends to mine 286.446 thousand tons of ore and produce 1600…
DetailsMMK-Metiz has commissioned a new machine to produce ropes and wire. The first stage of the machine will produce high-carbon wire and steel ropes with the total capacity of over 43 thousand tons per year. The cost of the project is 1.5 billion rubles. The second stage will be commissioned in Q4. (Ukrainian metal)
DetailsMetalloinvest has put into operation the heat-treatment furnace No. 1 – the rolling quench machine No. 1 at Ural Steel. The cost of the project was 1.2 billion rules. Last year the company received a 10-year loan from ING Bank (the Netherlands) for 11.5 million euro to finance the project. The machine will increase the…
DetailsThe 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)
DetailsThe 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…
DetailsThe 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.…
DetailsArcelorMittal 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…
DetailsOn 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…
DetailsIn 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…
DetailsAmetistovoye 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…
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