The trading-industrial group Bi Shi (China) intends to create the manufacture of steel plate for shipbuilding industry with the capacity of 1 million tons per year in the Primorye region. The investors also plan to construct a by-product coke plant and a power plant. Investments will total $1-1.5 billion. The construction will last for 5…
DetailsThe prices of the main precious metals in Azerbaijan decreased on July 11, according to the data published by the Central Bank. The cost of gold decreased by 13.4385 manats, to 2126.8955 manats per ounce, compared to the price on July 10. The cost of silver decreased by 0.3098 manats, to 20.7825 manats manats per…
DetailsThe Belarusian heavy vehicles manufacturer BelAZ, VIST Group, and Region 24 have signed a trilateral agreement on creating a robot system for mining operations. The document was signed during the international trade fair Innoprom 2018 in Yekaterinburg, Sverdlovsk region, Russia, BelAZ representatives reported. BelAZ specialists are hard at work creating new mining vehicles to meet…
DetailsIt is planned to receive revenues in the amount of about 300 million manats as a result of the sale of an additional 129,000 ounces of gold and 202,000 ounces of silver, which will be produced during the development of the ground surface ore layer at the Chovdar field, which will be completed in 2021,…
DetailsThe prices of the main precious metals varied on July 10, according to the data published by the Central Bank. The cost of gold increased by 0.1275 manats, to 2140.334 manats per ounce compared to the price on July 9. The cost of silver increased by 0.0059 manats, to 27.4121 manats per ounce. The cost…
DetailsIn January-June Zaporozhye Iron Ore Complex increased iron ore output by 7.2% YoY, to 1.769 thousand tons with the target of 1.833 million tons. The company sold 1.872 million tons of iron ore, or 97.1% of the target. In May 352.1 thousand tons were mined, up by 3% from the target. This year the works…
DetailsIn January-June Ukraine exported 18.224 million tons of iron ore raw materials, down by 5.6% YoY. According to the customs statistics, exports revenue grew by 1%, to $1.376 billion. Ukraine mainly exported to China (20.17%), Poland (14.77%) and Slovakia (13.46%). Imports totaled 9.05 thousand tons valued at $604 thousand, down by 95.5% and by 97.2%…
DetailsAzerGold expects to receive an income of some 3 billion mantas from the development of the Fizilchay polymetal ore deposits. “The project will create over 2 thousand jobs”, the company director Zakir Ibragimov said. Fizilchay development is expected to start in October 2019. According to AzerGold, Fizilchay is the second largest deposits in Europe and…
DetailsIn January-June Chukotka region obtained 11282 kg of gold, down by 4.4% YoY. Silver output dropped by 10%, to 58.1 tons. Out of the total gold output 11039 kg accounted for ore gold, down by 3%. Alluvial season started in the second half of June. Because of the bad weather, by July 1 only 243…
DetailsIn January-June ZEMZ stocked 17.345 thousand tons of metal, up from 14.4 thousand tons in H1 2017.
The trend to increase output was seen in January, and from April they increased by a third.
In June ZEMZ stocked 3095 tons of metal. (Ukrainian metal)
Russian Copper Company plans to create the shop to produce electrolytic copper foil at the site of Kyshtym Electrolytic Copper Plant (KMEZ). The capacity of the new manufacture will reach 1 thousand tons of copper foil per year with the possibility of increasing it if the market demands. Investments in the project are estimated at…
DetailsRussian Copper Company intends to organize autoclave manufacture of copper cathodes at the site of Mikheyevskiy Mining and Processing Works. “In 2014 we commissioned Mikheyevskiy GOK with the capacity of 18 million tons of ore per year. In 2017 the capacity increased to 27 million tons of ore. With such an increase it was decided…
DetailsIn June Rusal Russian works increased exports by 49% MoM.
Thus, 294 thousand tons of aluminum were exported against 197 thousand tons in May.
In January-June aluminum exports dropped by 9% YoY, to 1.27 million tons.
Last year Rusal sold 3.95 million tons of aluminum, with Europe accounting for 42%. (Ukrainian metal)
In January-June Ukraine exported 471.551 thousand tons of ferroalloys, up by 3.8% YoY. According to the customs statistics, the export revenue increased by 1.6%, to $538.736 million, The main importers of Ukrainian ferroalloys were Turkey (16.94%), Italy (16.2%) and the Netherlands (12.39%). In 6 months Ukraine imported 26.92 thousand tons of ferroalloys valued at $78.009…
DetailsThe Ministry of energy and coal industry reports that it has transferred 324 million UAH of state support to the state coal enterprises to pay salary to miners. “On July 9 the minister Igor Nasalik held a working meeting on the urgent issues of paying salary to state coal miners and the further actions to…
DetailsIn June MMK sold 768 thousand tons of metal via railroad, down by 13.8% YoY. In Q2 sales decreased on average by 16.7% a month. In January-June MMK sold 5.21 million tons of metal via railroad, up by 0.1% YoY. Sales to domestic customers increased by 11.5%, to 3.41 million tons, while exports dropped by…
DetailsIn June the sales of metal via railroad from NLMK totaled 961.9 thousand tons, up by 7.2% YoY. In 6 months sales grew by 4% YoY, to 6.46 million tons. This is the highest result in the past several years. This year deliveries to domestic customers grew by 18.2% YoY, to 2.23 million tons, while…
DetailsIn June Beloretsk Iron and Steel Works sold 41 thousand tons of metal wares, up by 15% YoY. The company increased supplies to the domestic companies of the oil and gas, machine-building, car and construction industries. Steel bearing wire showed the largest increase – 2-fold. Rebar threads and alloyed welding wire sales grew by 32%…
DetailsIn January-June Priisk Solovievskiy extracted 1068 kg of gold, down by 3.4% YoY.
569 kg accounted for alluvial gold sites, where work is carried out from May till October.
The rest (499 kg) was obtained from the Solovievskiy gold ore deposits.
In 2017 the company obtained 3127 kg of gold. (Ukrainian metal)
Russian Copper Company and the authorities of Magadan region have concluded a cooperation agreement on investment projects. The document was signed by the RCC president Vsevolod Levin and the temporarily acting governor of the region Sergey Nosov. RCC intends to inspect and develop copper deposits on the territory of the region in order to construct…
DetailsMagnitogorsk Iron and Steel Works (MMK) is expanding its innovative cooperation with Oracle, having chosen the corporation as its strategic partner for the next five years in the implementation of the concept “Industry 4.0”. The optimization and unification of MMK’s business processes on the basis of a unified Corporate Information System (CIS) will facilitate the…
DetailsSatbayev University and ArcelorMIttal Temirtau JSC have founded a joint enterprise to realize a coal-bed methane exploration and production project at the Karaganda coal basin. Coalbed methane (CBM or coal-bed methane), coalbed gas, coal seam gas (CSG), or coalmine methane (CMM) is a form of natural gas extracted from coal beds. As the international experts’…
DetailsOn July 9 the operation of the Novovolynskaya No. 9 mine (state enterprise Volynugol) was suspended. The miners demanded from the authorities to clear salary debts. On July 5 the Ministry of energy and coal industry divided budget funds. It was planned to spend 324 million UAH to clear salary debts, with 9.5 million UAH…
DetailsIn January-June Seligdar increased rock transportation by 15% YoY, to 10 million cubic meters.
Rock mining grew by 56%, to 5.8 million tons.
Gold output increased by 39%, to 1327 kg.
Nizhneyakokitsky Works demonstrated the best results having obtained 600.1 kg of gold.
This year Seligdar intends to mine 6 tons of gold. (Ukrainian metal)
The ChTPZ group was the first in Russia to start manufacturing import-replacing products – steel frames of oxygen converters for steel manufacture. The first frame has been produced at the Eterno Works. In June the converter was supplied to the NTMK. The total weight of the frame is over 120 tons, the height when assembled…
DetailsSeverstal and Air Liquide have ahead of schedule finished the capital repairs of the largest in Russia machine to produce industrial gases at the Cherepovets Iron and Steel Works. “The capital repairs have lasted for 11 days instead of the planned 14 days. The restoration of the compressor machinery took the most part of the…
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