The prices of main precious metals varied in Azerbaijan on June 22, according to the data published by the Central Bank. The cost of gold increased by 2.8645 manats, to 2,154.6225 manats per ounce compared to the price on June 21. The cost of silver increased by 0.1318 manats, to 27.7474 manats per ounce. The…Details
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Korshunovsky Mining and Processing Works has started the program to renovate the fleet of its 130-ton BelAZ dump trucks. According to the company press service, the renovation will help increase output. So far KGOK has already purchased two Cummins engines, and the company specialists have repaired three more engines. At present the working fleet at…Details
Evraz NTMK completes preparations for launching the fifth railway wheel machining line. The line has already been assembled, and four new automated machines have been installed at the wheel shop. Currently the wheel-block robotic transport and handling equipment, chip breaker and disposal systems, a cutting-fluid management station are being mounted. Cable networks and fences that…Details
Russian state geological exploration company Rosgeo has won a contract to explore ore gold on the Spokoininskoye deposit in the republic of Yakutia with a bid of 160 million rubles. The works must be completed before 2021. The resource estimate is 40 tons of ore gold under the P2 category under the Russian industrial standards.…Details
Pavlik Gold estimates the cost of scaling up production of an ore enrichment plant at the Pavlik deposit at 15.5 billion rubles. “A significant increase of the reserves will allow us to raise capacity of the ore enrichment plant to more than 10 million tons of ore and more than 12 tons of gold per…Details
Russian Copper Company intends to buy the rights to develop the Malmyzhskoye copper-porphyry deposits in Khabarovsk region. IG Copper LLC will be the seller. The company owns 51% in the project. The estimated price of the deal is $200 million. The deal is to be finalized in Q3. The license for the Malmyzhskoye project is…Details
The decrease of cargo trains throughput in the direction of Mariupol has affected the Mariupol Ilyich Iron and Steel Works output. In particular, the company pig iron manufacture in June is decreased by 25 thousand tons. Raw materials stocks are enough for 1-2 days, while the losses of non-received currency revenue and non-fulfillment of obligations…Details
The prices of main precious metals varied in Azerbaijan on June 21, according to the data published by the Central Bank. The cost of gold decreased by 14.374 manats, to 2,151.758 manats per ounce compared to the price on June 20. The cost of silver decreased by 0.144 manats, to 27.6156 manats per ounce. The…Details
Avdiivka Coke and Chemical Works is on the verge of the being shut down because of the sulfuric acid shortage. “In 7 days we will completely run out of the sulfuric acid, the raw materials, without which our operation is impossible”, the company CEO Musa Magomedov wrote on his Facebook page. According to him, the…Details
Energomashspetsstal has started producing rolls for Primetals Technologies (Austria) under the contract signed in April. The company has ordered 4 supporting rolls with the combined weight of 105 tons. The rolls will be delivered to the customer in Q1 2019. Within the project to construct a new plat mill 1700 at ArcelorMittal Lazaro Cardenas in…Details
The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…Details
In May the steel sections shop of Severstal-Metiz set a record of bulk output (2.923 thousand tons) and sales (over 3 thousand tons). “Severstal-Metiz is actively developing various product routes and expanding sales markets. The quality of our products is constantly improving”, the company CEO Sergey Kovryakov noted. (Ukrainian metal)Details
In 2017 the total volume of funds that Zaporizhstal spent on its social obligations reached 400 million UAH. According to the company statement, last year it fulfilled all the 122 measures provided for by the social contract. Last year the average salary at the works grew by 25%, and is now one of the highest…Details