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In July Kuzbass region mined 5.9 million tons of coking coal, with 2.1 million tons extracted from pits and 3.8 million tons – from mines. In January-July coking coal output grew by 7.5% YoY, to 44.2 million tons, with pit coal up by 13.2%, to 15.4 million tons, and mined coal – by 4.7%, to…
DetailsUnder the program to develop new products manufacture Metinvest in 2019 has focused on galvanized rolled metal. “At Unisteel we have mastered the thickness of 2 mm. We have also started shipping trial batches of S350GD steel with the thickness of over 1.6 mm, including with the zinc coating of 275 g”, the group marketing…
DetailsMr N Baijendra Kumar, CMD NMDC, while addressing company’s shareholders during 61st Annual General Meeting at Hyderabad said that the progress of construction of the company’s steel plant in Chhattisgarh is noticeable and various packages are at construction completion stage. This 3 million tonne capacity integrated steel plant is expected to be operational by third…
DetailsThe Arbitrary court of Volgograd region has completely satisfied the claim of the power-selling company Leader to Krasniy Octyabr Iron and Steel Works. The plant, which has been undergoing a bankruptcy procedure since last November, has been forced to pay more than half a billion rubles of debts. The suit to the metal works was…
DetailsIn July the First Cargo Company transported 8.8 thousand tons of non-ferrous metals, up 4-fold YoY. Most metal was transported via the Krasnoyarsk Railroad – 3.5 thousand tons, up 17-fold. Aluminum accounted for most volumes. Transportation of aluminum and copper from Tajikistan and Kazakhstan to the port of Novorossijsk has increased 6-fold, to 4.3 thousand…
DetailsLast week the price of one ounce of gold decreased by 27.23 manats or by 1.4%. The average price of one ounce of gold stood at 2,609.6649 manats. The price of one ounce of silver increased by 1.0647 manats or by 3.4%, to 30.6621 manats. The price of one ounce of platinum grew by 96.0785…
DetailsCherepovets Iron and Steel Works has finished repairing its main machinery in the sheet-rolling shop No. 1. The repairmen were able to decrease work time by 8 hours. In particular, mills 1700 and 2800 have been repaired. The company was also able to prepare for a large-scale investment campaign of 2020. It will see modernized…
DetailsKyrgyzstan has managed to increase receipts under a strategic agreement with Centerra Gold, head of Kyrgyzaltyn Almazbek Alimbekov announced at a press conference at the Government. According to him, as a result of long negotiations, the Kyrgyz Government has managed to conclude an agreement with Centerra Gold, increasing receipts to $150 million. “For example, under…
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