Uralelectromed has demonstrated the highest quality of refined gold, having confirmed its international status of Good delivery. The status has to be confirmed by LBMA members every three years. Uralelectromed has been a member of LBMA since 2006. For three years UEM has been producing 10.5 tons of gold per year. (Ukrainian metal)Details
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Evraz ZSMK has signed an agreement with Air Liquide to construct a new oxygen complex to supply air separation products for the technological needs of the company. The project will provide the works with the state-of-the-art machinery, 30% more energy efficient than the old one. In three years 2 blocks of air separation with the…Details
The Magnitogorsk Iron and Steel Works (MMK) is the largest supplier in Russia of rolled metal for the production of pipes and is constantly strengthening and expanding its cooperation with pipe producers, mastering new products that meet modern requirements. This position was announced at the 8th All-Russia Conference “Steel Pipes: Production and Regional Sales” by…Details
The PJSC Magnitogorsk Iron and Steel Works (MMK) won the 2018 Award of Excellence in Energy Management from the Clean Energy Ministerial (CEM), a high-level global forum that promotes policies and programs to advance clean energy. An independent panel of international experts selected only three organizations worldwide for this top honor in energy management. The…Details
Oleg Deripaska, the major shareholder of Russian aluminum giant UC RUSAL, has left the company’s board of directors to protect holders’ interests due to the U.S. sanctions, the company said on May 25 in a statement on the Hong Kong Stock Exchange. Earlier in May Deripaska left the board of directors of En+ Group, which…Details
First Deputy CEO and CCO of Port Management Company LLC Irina Olkhovskaya and General Director of Management Company of First Heavy Haul Company Vladimir Sosipatorov have signed a Memorandum of Cooperation to develop the innovative technology for heavy haul freight application on railway network: heavy haul 27-ton axle load railcars. The agreement was signed on…Details
The prices of main precious metals varied in Azerbaijan on May 24, according to the data published by the Central Bank. The cost of gold increased by 4.8535 manats, to 2201.9335 manats per troy ounce compared to the price on May 23. The cost of silver decreased by 0.1883 manats, to 27.9596 manats per ounce.…Details
In January-March Uzbekistan Iron and Steel Works received 83.5 billion sums of net profit, up 6.5-fold YoY. Net revenue from sales grew 3-fold, to 872.7 billion sums, and gross profit – 3.1-fold, to 241.4 billion sums. The works was commissioned in 1944. In 1994 after the merge with the Shirin Machine-Building Works and the Vtorcherment…Details
In March Russia imported 26.7 thousand tons of ferrous scrap from Kazakhstan, up by 20.2% MoM, but down by 19.6% YoY. In February the results were -3.1% and +40.6%, while in January –62.6% and –40.3% respectively. In January-March imports totaled 72 thousand tons, down by 34.1% YoY. (Ukrainian metal)Details
In January-April Tajikistan mined some 268 thousand tons of coal. According to the Ministry of industry and new technologies, preliminary needs of industrial enterprises in coal in 2018 amount to 920 thousand tons, of budget organizations – 57.2 thousand tons, heat and thermal power plant Dushanbe-2 and boiler houses – 1.245 million tons. So far…Details
TALCO Gold plans to construct a precious metals extracting and processing works in the north of Tajikistan. Construction is expected to have been completed by the end of 2019. Around 1 thousand jobs will be created. TALCOo Gold is a part of Talco. The latter received the gold deposits on the territory of Aynin district…Details
Sinarsky Pipe Works has for the first time produced pipes with the Q135 and Q125 strength and additional requirements to cold-resistance. In full accordance with the customer’s requirements the company has produced pipes, which can be used at the temperature of -60 degrees C. The pipes will be used in oil and gas condensate deposits…Details
Even though aluminum consumption per capita is lower in Russia, than in EU, in 2017 Russia claimed the first place in aluminum consumption growth (by 10%) as a whole and primary aluminum (by 11%) in particular. The main drivers of consumption growth are construction, car manufacture, and machine-building. Combined they will soon account for 80%…Details