The price of gold, platinum and palladium increased in Azerbaijan. The price of gold grew by 3.026 manats, to 2,195.6265 manats per ounce on January 17 compared to the price on January 16. The price of silver dropped by 0.0316 manats, to 26.4503 manats per ounce. The price of platinum went up by 6.5875 manats,…Details
The British Anglo Asian Mining Plc. company, engaged in the gold, silver and copper extraction in Azerbaijan, increased the gold production in Gadabay by 17%, to 83,736 in 2018, the company said. During the reporting period, the company mined 72,798 ounces of gold, 1,645 tons of copper and 210,184 ounces of silver. Gold production increased…Details
The U.S. Senate’s rejection of a bid to block the easing of sanctions on Russian aluminum company Rusal PLC will have the practical effect of reducing pressure on an Armenian aluminum mill, reported the Armenian National Committee of America. The mill, owned by Armenal, employs 700 in Yerevan, indirectly supports thousands of area families, and…Details
Severstal Steel Decisions has produced an additional set of crane beams weighing over 72 tons to be used to replace crane machinery over the mill-2000 at the Cherepovets Iron and Steel Works. The structures have non-standard sizes: the length of the main beam is 2 meters, while the weight is over 10 tons. This is…Details
Last year Uzmetallsavdo sold 30-35 thousand tons of various metal products.
This year it is planned to reach 70 thousand tons.
The company is a major metal supplier. Its clients are Almalyk and Navoi metal plants, as well as construction companies.
In November 2018 the company celebrated its 80th anniversary. (Ukrainian metal)
Cherepovets Iron and Steel Works, without shutting down manufacture, is finishing assembling the coil-rewinding machine with the capacity of 650 thousand tons per year. The total cost of the project is 1.2 billion rubles. The commission of the machine is scheduled for February, and it is exCherepovets Iron and Steel Workspected to reach the design…Details
The Verkhovna Rada committee on industrial policy has unanimously supported the draft bill No. 9474, which presupposes the increase of the scrap export duty from 42 euro to 58 euro per ton for 3 years. According to the committee chairman Victor Galasyuk, the new “metal law” will liquidate the raw material shortage for the metal…Details
A ceiling of the unused culture house belonging to ArcelorMittal Kriviy Rih between the third floor and the roof with the size of 1 thousand square meters collapsed.
One person was injured.
The total size of the floor is 2 thousand square meters.
The accident happened on January 15. (Ukrainian metal)
Oskol Electrometallurgical Works managing director Alexander Tischenko and the driver of the works Vitaliy Yumashev have perished in the collision of a Lexus with two other cars. The accident happened on January 15. After the collision all three cars exploded. The accident took the life of 8 people. Tischenko has been working at NLMK since…Details
Yakutia has entered the top-3 gold-mining regions in Russia.
For the first time since Soviet Union the region has exceeded the level of 28 tons of gold output in 2018.
Oil and coal output was 12 and 17.7 million tons respectively. (Ukrainian metal)
Izhorsky Pipe Works will produce and supply over 11 thousand tons of large diameter pipes for the Poland – Slovakia gas pipeline. The first batches have already been shipped to the customer (Eustream). According to the agreement, the company has to supply the pipes with the diameter of 1016 mm and the length of 18…Details
In 2018 Ukraine exported 36.91 million tons of iron ore and iron ore concentrate valued at $2.869 billion, down by 1.3%, but up by 10.6% YoY respectively. According to the State Fiscal Service, the share of the iron ore in the overall exports was 6.06%. Almost half of volumes was sold to China, Poland and…Details
Deliveries of rolled metal and pipes to Russia in January-November 2018 grew by 20.7% YoY, to 2.11 million tons. Bars and sections account for 53% of exports, up by 28.3%. Rebars and rolled wire saw the growth of almost 2-fold. Flat rolled metal exports increased by 3.9%, to 33.7%. The sales of semi-finished steel products…Details
Magnitogorsk Iron and Steel Works (MMK) took the first place among Russian producers of flat products, as well galvanized and coated steel, in the rating of leading manufacturers and suppliers of ferrous and non-ferrous metallurgy in the second half of 2018 MMK once again took the first place among the Russian producers of flat products,…Details
The prices of precious metals varied in Azerbaijan on January 16. The price of gold decreased by 2.431 manats, to 2,192.6005 manats per ounce compared to the price on January 15. The price of silver dropped by 0.1644 manats, to 26.4819 manats per ounce. The price of platinum fell by 8.67 manats, to 1,359.4475 manats.…Details
Companies located in Magadan region produced 36.8 tons of gold in 2018, a record for the past 20 years, as the Natalka field of gold producer Polyus reached its projected capacity, the region’s government said in a statement on January 16. Lode gold output in the region amounted to 18.9 tons, and alluvial gold production…Details
Last year Kuzbassrazrezugol mined 48.4 million tons of coal, up by 1% from the annual target. On December 22, 2018 the Baimskaya mine reached its annual output. It was followed by the Krasnobrodskiy pit on December 24, 2018, and after that by Mokhovsky and Kaltansky pits, as well as Kedrovsky pit. On December 28, 2018…Details
In 2018 Beloretsk Iron and Steel Works increased sales of metal wares to car and plane manufacturers, as well as to construction companies. Rods used in machine-building and aviation to produce springs and fasteners saw the highest increase – 25%. Sales of cold-deformed rebars used in construction enjoyed a growth of 23%. Low-carbon wire for…Details
Zaporozhogneupor specialists have completed the repair of the blast furnace No. 2 at Azovstal Iron and Steel Works, The repair has been carried out in 10 days, while the usual term is 14 days. As refractory materials some 35 tons of Zaporozhogneupor concrete were used. With this repair Azovstal was able to additionally produce some…Details
Russky Ugol increased coal output at the Sayano-Partizansky pit in Krasnoyarsk region by 22% YoY, to 1030 thousand tons in 2018. For the first time in its 15-year history the pit has reached the output of 1 million tons of coal per year. The reserves of the deposit, where the pit is situated, exceed 1.5…Details
Russian metals and mining giant Mechel has prolonged a contract with Turkish steel producer Kardemir to raise exports of metallurgic coke by almost 70%, to 200,000 tons in 2019, Mechel said in a statement on January 15. The company will sell coke produced by Mechel’s Moscow Coke and Gas Plant through the Mechel-Temryuk port in…Details
Steel scrap exports in January-November 2018 increased by 9% YoY, to 5.2 million tons. According to the customs statistics, deliveries to Turkey grew by 11.2%, to 2.288 million tons, and to Belarus – by 2%, to 1.222 million tons. At the same time sales to South Korea dropped by 8.9%, to 832 thousand tons. (Ukrainian…Details
ArcelorMittal Kriviy Rih, the biggest mining and steelmaking company of Ukraine, summarized the results of its investment program implementation in 2018. Capex and Opex were increased by one third YoY, from $337 to $443.4 million, including $348.8 million of Capex and $94.6 million of Opex. One of the key 2018 projects was construction of two…Details
In 2018 the Belarusian steel mill BMZ shipped over 2.36 million tons of metal products, 106.2% as against 2017. Innovative products represented over 26% of the sold merchandise, BMZ Press Secretary Alexander Olesik reported. In 2018 BMZ shipped over $380 million worth of innovative products to customers. The company started making 18 new kinds of…Details