Alexander Zakharov, ex-director of the tool-mechanical shop of the Non-Ferrous Metals Processing Works, has been appointed the CEO of the Ukrainian Casting Company LLC. Zakharov has replaced Valeriy Kotikov, who has been chairing the company since June 2015. The new director sees the priority in the increase of output to 120 tons of castings per…Details
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So far Energomashspetsstal has mastered the manufacture of over 300 steel grades according to GOST, DIN and ASTM. Since 2017 the company has produced 2500 tons of high-alloyed stainless steel for the power industry, including the new steel grade according to EDF. EMSS has also produced 10 bulk ingots weighing from 205 to 290 tons,…Details
In June direct supplies of ferrous metals to the major agriculture manufacturers via railroad totaled 12.5 thousand tons. This is 5.9% less than in June 2017. In January-June deliveries decreased by 15% YoY, to 79.4 thousand tons. (Ukrainian metal)Details
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…Details
In 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,…Details
Krasnoyarsk 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)Details
In 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…Details
MMK-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)Details
Metalloinvest 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…Details
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
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