Gold output of GV Gold rose by 36%, to 304,300 ounces in 2018 thanks to higher efficiency on all facilities and as the plants on Taryn and Ugakhan reached their design capacity, the company said in a statement on January 28. Sales grew by 37%, to 299,000 ounces with the average price amounting to $1,255…Details
The capacity of Russia’s Magnitogorsk Iron and Steel Works (MMK) decreased after a fire on a coal stoker on January 27, an official of the Emergency Situations Ministry reported. “We received a report of a fire on a coal stoker at 9:00 a.m. local time. The technological process was not disrupted, but the productive capacity…Details
Precious metal prices increased in Azerbaijan. The price of gold grew by 35.819 manats, to 2,215.304 manats per ounce on January 28 compared to the price on January 25. The price of silver went up by 0.7537 manats, to 26.8524 manats per ounce. The price of platinum increased by 24.905 manats, to 1,392.8525 manats, and…Details
Over the past year, mining of copper ore rose by 8.2% YoY, to 103.2 million tons. The country produced 12.9 million tons of copper concentrates (+15.7%), 4.8 million tons of copper-zinc ores (-4.2%), and 580.6 thousand tons of copper in copper concentrate (+15.5%). The main copper ore miners are East Kazakhstan (37% of the total…Details
The price of one ounce of gold increased by 1.173 manats or by 0.55% last week in Azerbaijan, to 2,178.1063 manats. The price of one ounce of silver grew by 0.0752 manats or by 0.29%, to 26.0282 manats. The price of one ounce of platinum went up by 8.3725 manats or by 0.62%, to 1,353.6862…Details
In January-November 2019 Russia exported 758.5 thousand tons of primary copper valued at $4830 million, up by 12.7% and by 19.3% YoY respectively.
In November 2018 the price of primary copper was $5957 per ton, down by 9.2% YoY.
The price of copper wire rod (wire) was $6083 per ton. (Ukrainian metal)
The special committee investigating the accident at Electrozinc has come to a conclusion, that the reason of the fire at the plant has been arson. The plant stopped operating after that. The reason of the arson and the person responsible are yet to be determined. The fire broke out on October 21, 2018. It enveloped…Details
Mechel reports launching an online store to market the company’s rolls. Mechel Service LLC’s online store offers a wide range of rolls, including over 40,000 articles in 49 categories such as flat and section rolls, pipes, hot- and cold-rolled products, hardware, stainless rolls and others. The store’s website is www.mechelservice.ru. The website also shows updated…Details
Employees of the Scheglovskaya-Glubokaya mine in the temporarily occupied Donbass received 4 and 6 rubles as salary. “4 and 6 rubles, not thousand rubles. This shows the level of salary and life in the so-called republic”, wrote one of the miners in the social networks. Miners also share screenshots of their wages. One “boasts” receiving…Details
In January-November 2018 Russia exported 61 thousand tons of semi-finished steel products to Ukraine, up by 93.6% YoY, and the highest result in the past 6 years. Rostov region accounts for almost a third of all exports, up by 18%. The share of Sverdlovsk region is 29%, up 6-fold. And that of Belgorod region –…Details
The steel output of Magnitogorsk Iron and Steel Works (MMK) fell by 7.8% QoQ, to 3.112 million tons in October-December 2018, the company said in a statement. Cast iron output decreased by 2.4%, to 2.558 million tons. In 2018, the company’s steel output went down by 1.5%, to 12.664 million tons, and cast iron output…Details
Russia’s output of unrefined and semi-refined or powder platinum and platinum group metals decreased by 38.4% YoY and by 19.2% MoM in December 2018, the Federal State Statistics Service said in a statement without disclosing absolute figures. Silver output fell by 17.4% YoY and by 8.9% MoM. In 2018, the output of platinum and platinum…Details
Gold and silver prices increased in Azerbaijan. The price of gold grew by 0.663 manats, to 2,179.485 manats per ounce on January 25 compared to the price on January 24. The price of silver went up by 0.0467 manats, to 26.0987 manats per ounce. The price of platinum increased by 14.3225 manats, to 1,367.9475 manats.…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in February ferrous scrap metal prices on the local market will drop by 3.4-16%, to 5.7-7.9 thousand UAH per ton. Until mid-February some drastic change of price is not expected, as rolled metal manufacturers will only begin testing opportunities to raise prices for their products. In March the increase…Details
In 2018 Zaporozhye Iron Ore Complex increased iron ore output by 1.2% YoY, to 4.5 million tons.
In December 2018 the company manufactured 380 thousand tons of ore.
Annual plan was fully met.
The same results were reached in 2017. (Ukrainian metal)
In 2018 Ukrainian by-product coke plants increased metallurgical coke (6% moisture) manufacture by 4.1% YoY, to 10.826 million tons. In December 2018 the output totaled 924 thousand tons of coke, up from 917 thousand tons in November 2018. In January this year the output decreased somewhat due to the drop in orders. But all the…Details
In 2018 Vostochniy Mining and Processing Works increased uranium oxide concentrate manufacture by 41.1% YoY, to 1.179 thousand tons.
December 2018 saw the maximum monthly output last year – 199.8 tons.
In 2017 VostGOK decreased output by 16.8% YoY, to 836.1 tons. (Ukrainian metal)
In 2018 Severstal – Bar Works Balakovo produced 904 thousand tons of steel, up by 15.5% YoY. Bars output grew by 19.8%, to 807 thousand tons. Last year the company sold 804 thousand tons of metal, up by 19%. 96% of the products were sold domestically. Since its commissioning the works has produced and sold…Details
Karabashmed has started disassembling the first of its three outdated converters in the metal shop. All the three converters are expected to have been decommissioned by H2. Instead of the outdated machinery Karabashmed has already assembled three new Kumera converters with dust caps with the volume of 150 tons. Two converters have already been put…Details
In 2018 Russia produced 4.8 million tons of metal structures, down by 1.5% YoY.
According to the Federal Service of State Statistics, in December 2018 output grew by 9% YoY and by 12% MoM. (Ukrainian metal)
According to preliminary estimates, in 2018 Kamchatka region extracted 5432,2 kg of gold, down by 20% YoY. Ore gold accounted for 5386 kg, down by 20%, and the rest (4.61 kg) for alluvial gold (down by 74%). Silver output decreased by 8.6%, to 16.2 tons. 10 companies were developing gold and silver deposits last year.…Details
Kazakhstan exported 14,200 tons of uranium in January-September 2018 valued at $699.1 million. Thus, uranium exports in physical terms decreased by 18.8%, and in money by 17% YoY due to a drop in demand on the market of uranium products. The largest supplies of uranium were sent to China (57% of total exports, 8,000 tons,…Details
In 2018 Izhstal mastered the manufacture of 36 new products. The portfolio of high margin products was expanded with three types of calibrated and two types of turned rolled metal. The bar-wire mill-250 started producing 9 types and sizes of hot-rolled metal of heat-resistant and stainless steel grades. The company also started manufacturing 9 steel…Details
Taganrog Iron and Steel Works has received a certificate of correspondence of its quality management system to IATF 16949:2016.
It will allow the company to supply continuous cast billet of carbon and alloyed steel to the car parts manufacturers abroad.
The company has been preparing for the audit for 2 years. (Ukrainian metal)