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The prices of precious metals in Azerbaijan decreased on August 7, according to the data published by the Central Bank. The price of gold decreased by 7.9815 manats, to 2058.0285 manats per ounce on August 7 compared to the price on August 6. The price of silver decreased by 0.1584 manats, to 26.101 manats per…
DetailsRussian aluminum giant UC RUSAL has started a temporary shutdown of electrolysis capacities of its Nadvoitsy Aluminum Smelter in the republic of Karelia due to the U.S. sanctions, a representative of the company reported. The smelter lost its sales markets and stable raw materials supplies due to the sanctions, while its products became non-demanded, as…
DetailsIzhstal has implemented an electronic system, which allows customers to check the authenticity of the quality certificates on their own. The information on certificates together with their scanned images is kept in the special database. The certificate is considered verified if there is a complete correspondence between the printed and electronic versions and there is…
DetailsIn January-June Tajikistan produced 46.7 thousand tons of aluminum valued at $99.5 million, down from 49.5 thousand tons last year. The output decrease in the past 6-7 years has to do with the drop of aluminum prices on world markets. Last year world markets were selling primary aluminum for $1892 per ton, now the price…
DetailsAccording to the agreement with the Karaganda region authorities, ArcelorMittal Temirtau will have invested 305 billion tenge in its manufacturing assets by 2020. This is the largest investment volume since 2010. The money will be invested in the output increase, product quality improvement, environment and labor conditions improvement, as well as sustainable development. In 2018…
DetailsAs the result of the coke oven battery No. 4 reconstruction Cherepovets Iron and Steel Works will decrease air pollution by 700 tons per year. The total cost of the investment contract is 6 billion rubles. In addition to decreasing pollution levels, the modernized battery will produce more coke – 460 thousand tons as opposed…
DetailsIn January-June the works previously known as Amurmetal and controlled by Torex-Khabarovsk LLC produced 264 thousand tons of rolled metal. The company is developing – it invests in modernization, prepares the manufacture of a new rebars standard and has concluded an agreement with Posco Daewoo on the supply of 300 thousand tons of billets. Since…
DetailsDuring the meeting with the shareholders Interpipe presented the preliminary plan to restructure its obligations of $1.25 billion. The company, in particular, suggests converting this debt into 6-year eurobonds worth $310 million with 9.35% interest rate, and two loan tranches of $45 million from Ukrainian banks and $45 million from international banks. The rest of…
DetailsThe Energy and Coal Industry Ministry of Ukraine should seek financial resources to boost coal production and ensure the proper activity of the industry, Ukrainian Prime Minister Volodymyr Groysman said, commenting on results of the government meeting with participation of the leadership of the Energy and Coal Industry Ministry and the Finance Ministry. “Until September…
DetailsIn January-June the Dalpolymetal Mining and Metallurgical Complex produced 9.54 thousand tons of zinc concentrate and 5.57 thousand tons of lead concentrate, up by 61% and by 45% YoY respectively. Last year the enterprise lifting machine broke down. This year the machine has been repaired. In 2018 Dalpolymetal intends to produce 15 thousand tons of…
DetailsIn January-June Nizhneyakokitsky Mining Works extracted 500 kg of gold. These are the best results among Seligdar enterprises. In 2006 within the project to develop Nizhneyakokitskoye ore field a new enterprise was created – Zoloto Seligdara – on the basis of the Seligdar miners team, which had been developing alluvial sites since 1975. But the…
DetailsIn January-June Primorye region mined 4.33 million tons of coal, up by 9% YoY. In particular, brown coal output totaled 4.03 million tons and bituminous coal – 0.3 million tons. This year the region intends to mine 8 million tons of brown coal and 0.5 million tons of bituminous coal. (Ukrainian metal)
DetailsIn January-June Primorsky Mining and Processing Works produced 1073.6 tons of tungsten concentrate and 235.7 tons of copper concentrate, up by 35% and by 5% YoY respectively. The increase has to do with miners getting closer to ore body. This year the enterprise intends to produce 2700 tons of tungsten concentrate and 1600 tons of…
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