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In March scrap procurers obtained 284 thousand tons of scrap, up by 2% MoM. According to Ukrmetallurgprom, of this Ukrainian metal companies received 230 thousand tons, up by 2% MoM, and 54 thousand tons were exported, up by 2%. The scrap need was only 82% covered as opposed to 93% in February. In Q1 scrap…
DetailsIn May Ukraine intends to produce some 1.8 million tons of pig iron, 1.8 million tons of steel and 1.6 million tons of rolled metal. According to Ukrmetallurgprom, as of April 10, 19 out of 21 blast furnaces, 7 out of 9 open-hearth furnaces, 12 out of 16 converters, 7 out of 15 arc furnaces…
DetailsIn Q1 steel output at NLMK totaled 4.33 million tons, flat QoQ, but up by 3% YoY. Capacity utilization rate grew by 3%, to 99%. Group sales in Q1 totaled 4.15 million tons, up by 13% YoY, but down by 5% QoQ. (NLMK/Ukrainian metal)
DetailsThe prices of the main precious metals varied in Azerbaijan on April 13, according to the data published by the Central Bank. The cost of gold decreased by 15.963 manats, to 2278.3825 manats per troy ounce compared to the price on April 12. The cost of silver decreased by 0.1804 manats, to 28.0996 manats per…
DetailsThe Magnitogorsk Iron and Steel Works (MMK) took part in the XVIII Urals Industrial and Economic Week international exhibition and the X International Industrial Forum on “Reconstruction of industrial enterprises – breakthrough technologies in metallurgy and machine building”. The events took place on April 10-12 at the World Trade Center in Chelyabinsk. As the largest…
DetailsVladimir Potanin, one of the major shareholders of the Russian metals giant Norilsk Nickel, had rejected the so-called “shootout” for control over the company before the U.S. imposed sanctions against co-owner Oleg Deripaska, he said in an interview with The Financial Times released on April 13. “The destiny of a company like Norilsk Nickel, of…
DetailsPJSC ArcelorMittal Kriviy Rih, the largest mining and metallurgical company of Ukraine, will increase salaries of its employees from 5% to 20% from May 1. A new remuneration system, which was developed at the company, allows to review the employees’ salaries on a case-by-case basis – depending on the category of the personnel. The main…
DetailsIn connection with the situation at the Kyrgyz-Chinese gold mining enterprise GL Makmal Developing, the Embassy of the People’s Republic of China in Kyrgyzstan and the Consulate General of the People’s Republic of China in Osh appealed to the Ministry of Foreign Affairs and the Ministry of Internal Affairs of the Kyrgyz Republic to conduct…
DetailsThe prices of the main precious metals varied in Azerbaijan on April 12, according to the data published by the Central Bank. The cost of gold increased by 26.639 manats, to 2294.3455 manats per troy ounce compared to the price on April 10. The cost of silver increased by 0.2886 manats, to 28.28 manats per…
DetailsWithin the program of eco-modernization Zaporozhkoks has completed the capital repairs of the aeration tank No. 7 used for bio-chemical purification of wastewater. Investments in the project exceeded 2.8 million UAH. To repair the aeration tank No. 7 the company employed the specialists of the Ukrainian state research institute on the water supply and environment…
DetailsChaarat Gold Holdings Ltd intends to put the Charaat project into operation in two stages, with the first gold to be obtained in 2020. The first stage presupposes the development of the Tulkubash quarry with the output of 100 thousand ounces of gold per year. Gold reserves at the deposits are estimated at 1.05 million…
DetailsThe integrated chemical and metallurgical complex to produce titanium dioxide, rare and rare earth metals will be created on the basis of the Afrikandskoye deposits in Murmansk region. Investments might total 14 billion rubles. Some 2.5 thousand jobs might be created. When the project reaches full capacity, it could produce 75 thousand tons of titanium…
DetailsIn January-March Chukotka yielded 5.323 tons of gold, down by 5% YoY. Silver output totaled 27.5 tons. Chukotka Mining and Geological Company, a part of Kinross Gold, was the leader in gold mining, having obtained 2.408 tons, up by 86.9 kg YoY. Silver output reached 24.586 tons. Rudnik Karalveyem (Auramine Resources) mined 403.8 kg of…
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