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
In September Russia produced 5.91 million tons of steel, down by 1.3% YoY (6.106 million tons in August). In 9 months the output grew by 1.8% YoY, to 54.288 million tons. Ukraine, though no longer a part of CIS, decreased steel output by 7.6% YoY in September, to 1.787 million tons (17.86 million tons in…Details
The state enterprise Vostochniy Mining and Processing Works has ordered the Trading House Eco-Service LLC the delivery of sulfur valued at 43.17 million UAH. This year the company has to deliver 7700 tons of granulated technical sulfur (99.98%) at 5607 UAH per ton ($200). The sulfur is produced by 2 companies from Russia and 2…Details
A cave-in occurred at the Mine named after Kapustin, where miners were striking against the non-payment of salary. “It is estimated that 10 meters of rock collapsed. It was in that mine that 16 protesting miners and a people’s deputy Sergey Kaplin were”, Mikhail Volynets, chairman of the Independent Miners’ Union of Ukraine reported. According…Details
In September Russia produced 4.35 million tons of pig iron, up by 2% YoY, but down from 4.5 million tons in August. In January-September pig iron output grew by 1.5% YoY, to 39.241 million tons. Ukraine, though no longer a part of CIS, decreased pig iron output by 9.8% YoY, to 1.667 million tons in…Details
Since the start of the commissioning of the gold-extracting factory at the Ozernovsky Mining and Processing Works, Siberian Mining and Metallurgical Alliance (SiGMA) has yielded 87 kg of gold. The lesser line with the capacity of 60 thousand tons of ore per year was commissioned in June. In the first year of operation it is…Details
In January-September Ukraine exported 11.22 million tons of rolled metal, up by 1.4% YoY.
Since the start of the year Ukraine has produced 13.83 million tons of rolled metal, up by 6% YoY.
Thus, 81.1% were exported.
Last year the share of rolled metal exported was 79.7%. (Ukrainian metal)
In January-September rolled metal consumption in Ukraine grew by 1.03% YoY, to 3.692 million tons. Imports accounted for 29.2% as opposed to 26.1% last year. Thus, imports grew by 13.2%, to 1.078 million tons. Flat rolled metal accounted for 49.38%, and bars – 47.5% as opposed to 58.52% and 40.54% last year respectively. CIS countries…Details
The consolidated throughput of NMTP group in January-September totaled 94.2 million tons, down by 2.9% YoY. According to the group statement, iron ore raw materials throughput dropped by 7.4%, to 1.6 million tons, of coal – by 26.6%, to 1.1 million tons and of non-ferrous metals – by 12.3%, to 0.7 million tons. At the…Details
Magnitogorsk Iron and Steel Works (MMK) has become the only Russian company in the metal and steel industry to be included among the top ten ranking Russian companies for environmental initiatives, a bi-annual list compiled by the Living Planet channel and the Modern Media Research Institute (MOMRI). In the rankings for the first half of…Details
NLMK Group has embarked on the construction of an additional beneficiation section at Stoilensky. Three new grinding lines (vertical mills) will enable the company to have increased its concentrate output from 17.5 million tons per year 20 million tons and ore processing capacity from 37 million tons to 42 million tons by 2020, thus increasing…Details
Turkey’s Tasyapi company and the State Committee of Uzbekistan for Geology and Mineral Resources have signed an agreement on the development of two gold deposits in the Samarkand region. In accordance with the agreement, the parties will organize joint exploration and development of the Galabulak and Kushtepa fields. During four months, the Turkish company will…Details
Prices of precious metals increased in Azerbaijan on October 29, according to the data published by the Central Bank. The price of gold grew by 2.125 manats, to 2,096.3295 manats per ounce on October 29 compared to the price on October 26. The price of silver went up by 0.0633 manats, to 24.9393 manats per…Details
Experts from the State Russian Museum proceeded with the implementation of the innovative education-and-exhibition project “Living Planet in Colors and Digits” in Petrozavodsk with the assistance of the companies Severstal and Power machines. The project events will be held at the Museum of Fine Arts of the Karelian Republic. The project is aimed at artistic…Details
The price of one ounce of gold increased by 6.6895 manats or by 0.32% last week in Azerbaijan, to 2091.8262 manats. Last week the price of one ounce of silver decreased by 0.0599 manats or by 0.24%, to 24.9485 manats. The price of one ounce of platinum dropped by 18.8275 manats or by 1.34%, to…Details
Deputy chairman on Samruk Kazyna Alik Aidarbayev and the governor of the Kyzylorda region Krymbek Kusherbayev have laid the first capsule of the mining and processing works at the Shalkiya deposits. The plant is expected to produce 4 million tons of ore per year. Preparation to the construction started in May 2016. The cost of…Details
A Memorandum of Understanding (MoU) has been signed between the Ministry of Ecology and Natural Resources of Azerbaijan and AzerGold CJSC. The MoU covers the expansion and optimization of cooperation within the framework of new parameters, support for scientific and technological development, contribution to the improvement of the legislative framework in the field of geological…Details
The resident of the South Yakutia territory of advanced development – the TFM-Yakutia company – has leased some machinery to another resident – Kolmar. This will help the company increase coal output by 1 million tons per year. Kolmar needs the special machinery to mine and transport coking coal, as well as carry out construction…Details
In January-August Kazakhstan exported 1.25 million tons of rolled steel and pipes to Russia, up by 6.8% YoY. Non-alloyed flat rolled metal accounts for some 90% of the exports, of which plate steel – 58% and coated rolled metal – 29%, all up by 9.3%, 10.2% and 0.2% YoY respectively. Steel pipe deliveries grew by…Details