Prices of precious metals decreased in Azerbaijan on October 31, according to the data published by the Central Bank. The price of gold dropped by 18.9975 manats, to 2,068.4155 manats per ounce on October 31 compared to the price on October 30. The price of silver fell by 0.2183 manats, to 24.4553 manats per ounce.…Details
The bank Otkrytie has provided the Ural Mining-Metallurgical Company with a financing in the volume of 15 billion rubles to be returned in October 2021. The funds will be spent to refinance the current loan obligations and cover operational expenses. “The financing from the bank Otkrytie will allow UMMC to increase business volumes, including by…Details
In January-September Trevozhnoye Zarevo, developing the Asachinskoye deposits in Kamchatka, extracted 920 kg of gold and 2.8 tons of silver. Gold output grew by 16.5% YoY and that of silver – more than 2-fold. In January-September 2017 the output was 790 kg of gold and 1.4 tons of silver. This year the company intends to…Details
In January-September Yakutia mined 13.037 million tons of coal, up by 5.2% YoY. In Q1 the output was 4.256 million tons, up by 6.6% YoY, in Q2 – 4.296 million tons (+3.7%) and in Q3 – 4.526 million tons (+5.7%). This year the region intends to yield 18 million tons of coal, up by 7%…Details
The Metprom Group of Companies is designing a mini-works to produce bars in the town of Bratsk – the Bratsk Iron and Steel Works.
The plant in the Irkutsk region is supposed to have a capacity of 270 thousand tons per year.
Investments in the project will exceed 7 billion rubles. (Ukrainian metal)
Metinvest has joined the Association of Industrial Automation Enterprises of Ukraine. This will provide the company with the additional ways to cooperate in the automated management of manufacturing processes and IT with other participants. The group plans to implement innovations at its enterprises and support the national Industry 4.0 programs and initiatives. The center of…Details
The supervisory board of Zaporozhkoks has terminated the powers of the current CEO of the enterprise Vitaliy Litovka. The decision was taken at the meeting of the board on October 26. The last day in the office for Litovka, who has been the CEO since June 5, 2015, is October 31. The supervisory board has…Details
Miners of Lisichansk in Lugansk region have stopped the operation of all the 4 mines and blocked the road demanding their salary debts to be cleared. The Lisichanskugol miners started striking 11 days ago at the depth of 575 meters. On October 29 they started fulfilling their threats: they blocked the roads in the town…Details
The quota for all countries introduced by the European Commission in response to the 25% duty from US in 100 days has been 40-45% used on 11 items exported by Ukraine. As of October 26, the least used quota is that for cold-rolled flat rolled alloyed and unalloyed steel – 23.46% (309.451 thousand tons of…Details
On October 29 the state enterprises Selidovugol and Mirnogradugol received new management. At the former the acting CEO is now Sergey Pakhomov, and at the latter – Vitaly Sidorchenko. This was reported by Mikhail Volynets, chairman of the Independent Miners Union of Ukraine. “At the same time, the Ministry of energy and coal industry wanted…Details
ArcelorMittal intends to invest some $1.5 billion in the development of its Kriviy Rih plant.
This year $400 million will be invested.
In 2006-2017 investments totaled $4.5 billion.
Earlier AMKR has completed the scheduled reconstruction of the blast furnace No. 7, and commissioned 450 open cars. (Ukrainian metal)
In January-September KAZ Minerals increased raw copper output by 12% YoY, to 216.8 thousand tons.
According to the group statement, in Q3 output grew by 7% QoQ, to 77.2 thousand tons.
Zinc manufacture in 9 months decreased to 38.3 thousand tons from 45.8 thousand tons last year. (Ukrainian metal)
The Ministry of industry and trade intends to link the state support to agriculture machine-building to the use of Russian aluminum from 2020. The ministry has prepared and published amendments to the rules of budget subsidizing of deals with agricultural machines. Now, in order to receive the state support, the manufacturers have to provide a…Details
In January-September the average time of ferrous metals scrap deliveries by railroad to metal works totaled 5.4 days, up by 16.4% YoY. At the same time, for the batches weighing up to 260 tons (77% of all deliveries) the delivery time was 5.62 days, up by 17.3%. The smallest increase (by 5.6%) was for the…Details
The drilling has confirmed the reserves of tungsten and molybdenum at the North Katpar deposits in Karaganda region. According to Tau-Ken Samruk, the reserves total some 90 thousand tons of tungsten and 13 thousand tons of molybdenum. The main difficulty with the development of the deposit is the lack of processing techniques in Kazakhstan. So…Details
Russian gold producer Polymetal International has agreed to sell the Kapan gold ore field in Armenia to Chaarat Gold, which mines gold in Kyrgyzstan, for $55 million, Polymetal said in a statement on October 30. “Polymetal International Plc has signed a legally binding agreement with Chaarat Gold Holdings Limited to sell the Kapan mine in…Details
Prices of gold, silver and palladium decreased, while platinum rose in price in Azerbaijan on October 30, according to the data published by the Central Bank. The price of gold dropped by 8.9165 manats, to 2,087.413 manats per ounce on October 30 compared to the price on October 29. The price of silver fell by…Details
In January-August Russia imported 358.7 thousand tons of ferrous metal scrap from Kazakhstan, down by 13.4% YoY.
According to the customs statistics, the average price was $266.4 per ton without VAT, up by 44.7%.
In 8 months the cost of scrap increased by 8.1%, to $94 million. (Ukrainian metal)
Ingulets Mining and Processing Works intends to decrease labor noise at the territory of the disposal area No. 1 near the residential district Ingulets in the city of Krivoy Rog. “For this we are replacing transport networks – we are relocating the road to the opposite side of the disposal area”, the company CEO Alexander…Details
The converter department of the Svyatogor metal shop has assembled the 8-wheel casting bridge crane manufactured by the Sukhoy Log Crane Works. At present the department operates three bridge cranes. The new crane has replaced the casting crane No. 1, which has been in operation for 30 years. The new crane will be commissioned within…Details
In 2023 the Vostok Engineering LLC intends to start transporting ore from the Tomtorskoye rare-earth metals deposits in Yakutia. By that time a 68-km long ice-road ferry will have been constructed. The road will run through the Krasnoyarsk region to the port of Khatanga, and then the ore will be transported via the Northern Sea…Details
Uralelectromed has once again demonstrated the high quality of its silver, having confirmed the Good Delivery international status. The monitoring showed that the silver produced by the company corresponded to the LBMA standards. Following the monitoring, the company has been issued a certificate of a reliable silver supplier. In January UEM confirmed its status of…Details
The foil-rolling works Sayanal (a part of Rusal) has celebrated its 25th anniversary. Since its opening the company has produced 780 thousand tons of various metal products. “25 year ago Sayanal manufactured its product – aluminum ingots with the width of 1350 mm and the thickness of 10 mm. Today we can produce aluminum foil…Details
Mechel-Koks has started reconstructing the system of gas pipelines from coke-oven battery No. 7. The new machinery will help decrease air pollution when manufacturing coke. The work is expected to be completed in December. The cost of the project is 76 million rubles. The total amount of Mechel investments into Mechel-Koks since 2006 has reached…Details