The Azerbaijani closed joint stock company Azergold intends to produce 45,000 ounces of gold till the end of this year, Deputy Chairman of Azergold’s Board Ogtay Mammadov reported. Mammadov made the remarks during the media tour aimed at reviewing the work conducted at the Chovdar field. “Since early 2018, 33,000 ounces of gold have been…Details
Chairman of Severstal Alexei Mordashov and the governor of the Belgorod region Yevgeniy Savchenko have discussed issues of the development of Yakovlevo Mining and Processing Works. Mordashov presented the development program for 2018-2023, which presupposed the increase of ore output more than 5-fold, from 878 thousand tons to 5 million tons. This year the output…Details
The State Service of Geology and Subsoil of Ukraine has put on sale on February 12, 2019 a number of licenses to develop subsoil. In particular, one of the auctioned lots will be a special license for the Prutovskoye sulfide copper-nickel ore deposits in Zhitomir region. The starting price will be 9.737 million UAH. (Ukrainian…Details
The state enterprise Ukrpromvneshekspertisa forecasts that in October the deliveries of ferrous scrap to metal companies will increase by 5.66% MoM, or by 15 thousand tons, to 280 thousand tons. In August deliveries dropped by 11% MoM, or by 30 thousand tons, to 240 thousand tons. In October deliveries will increase due to the growth…Details
The price of one ounce of gold decreased by 23.0435 manats or by 1.13% last week in Azerbaijan. The average price of one ounce of gold stood at 2,033.1864 manats. The price of one ounce of silver increased by 0.0936 manats or by 0.39%, to 24.3830 manats. The price of one ounce of platinum dropped…Details
The state enterprise Ukrpromvneshekspertisa believes in October average ferrous scrap prices will grow by 3-5.8% MoM, to 6.9-7.3 thousand UAH per ton. In August the actual average scrap price was 6.6-7.1 thousand UAH per ton. In September the price was expected to total 6.7-6.9 thousand UAH per ton, and in November it is expected at…Details
At the Extraordinary General Shareholders’ Meeting (EGM) held on September 28 NLMK shareholders approved the payment of Q2 dividends of 5.24 rubles per share.
The date upon which the shareholders entitled to Q2 dividends would be determined was set as October 12.
H1 dividends will amount to 10.97 rubles per share. (NLMK/Ukrainian metal)
PJSC ArcelorMittal Kriviy Rih has completed almost all capital repairs of aspiration systems and GCPs planned for 2018. Vladislav Bashinskiy, Director of Central Repair and Maintenance Department (CRMD), described the most large-scale repairs. – First of all, please, tell us how the plant determines, which environmental facilities require repair? – For this purpose a system…Details
Armenia, jointly with international companies, continues illegal development of gold deposits in the occupied Kalbajar district of Azerbaijan, the Deputy Chairman of the Board of Azergold CJSC Ogtay Mammadov announced. “We want the issue of illegal development of deposits in Kalbajar to find its solution on a legal basis within the framework of international norms.…Details
PJSC ArcelorMittal Kriviy Rih has put into operation 450 new open wagons, which have been purchased in the frames of financial leasing contract. Earlier this year the plant has received 50 new wagons. Hence, this year the company has commissioned 500 wagons to transport its products and deliver raw materials. As a result, own fleet…Details
DTEK Holdings Limited announced its decision to squeeze-out shares of DTEK Pavlogradugol as having the dominating share of stake. DTEK companies own 99.92324858% of DTEK Pavlogradugol, or 5.58 billion shares. Minority shareholders have 4.28 million shares. DTEK Pavlogradugol is the largest coal-processing enterprise in Ukraine. Last year it set a record of coal output at…Details
In August Russia transported 10.2 million tons of iron ore, up by 7.4% YoY. This has been the highest level in the past 15 years. Since the start of the year railroads have transported 77.3 million tons of ore, up by 5.4% YoY. Local transportation in August grew by 11%. Exports dropped by 15% YoY,…Details
The Central Research Institute of Ferrous Metallurgy named after Bardin has developed a unique corrosion-resistant austenitic steel grade and the technique to produce 33-meter seamless pipes of it.
At present this technology has no analogues in the world.
Metal companies – Electrostal, Ruspolymet, Volzshky and Sinarsky Pipe Works – participated in the development. (Ukrainian metal)
The Belarus Iron and Steel Works has mastered the production of ten new grades of alloyed steel and carbon steel for the automobile engineering industry, the company’s Press Secretary Alexander Olesik declared. According to the source, BMZ’s engineering division always works to expand the choice of products for the automobile industry. “This year alone we’ve…Details
Prices of gold, silver and platinum fell, while the palladium price increased in Azerbaijan on September 28, according to the data published by the Central Bank. The price of gold decreased by 25.364 manats, to 2,012.0605 manats per ounce on September 28 compared to the price on September 27. The price of silver dropped by…Details
Russia is considering the possibility of supplying coal to Turkey and other countries through Azerbaijan, First Deputy Managing Director of Russian Railways JSC Alexander Misharin said. “Railroad transportation between Azerbaijan and Russia grew by 18% YoY, and exceeded 6 million tons,” Misharin said. Speaking about the International North-South Transport Corridor (India-Iran-Azerbaijan-Russia-Kazakhstan), he noted that interest…Details
PPGHO named after Slavsky has started constructing a foundation pit for the mine water treatment plant. By the end of the year contractors have to make foundations of the auxiliary buildings and structures. The contracts for the delivery of the main machinery (pumps, transformers, conditioners, etc.) have already been concluded. The facility is to be…Details
The Komsomolets Mine was the first enterprise of SUEK to fulfill the annual plan of the preparation works. Since the start of the year the mine has prepared 8110 meters. Because of the good preparation work, the enterprise was able to commission a new long face in time. The long face No. 1846 has the…Details
In January-August Ukrzaliznytsia increased transportation of ArcelorMittal Kriviy Rih cargo by 25% YoY. “Last year the AMKR throughput totaled 2.223 billion ton-km, but this year – 2.775 billion ton-km, up by 552 million ton-km”, Ukrzaliznytsia CFO Andrei Ryazantsev said. At the same time earlier AMKR CEO Paramjit Kahlon claimed that its throughput dropped by 25%…Details
In July Russia exported 1.33 million tons of billets, down from 1.36 million tons in June. In June exports dropped by 1% MoM. At the same time July exports grew by 21% YoY (from 1.1 million tons). In January-July billet exports increased by 14.59% YoY, to 9.5 million tons. Taiwan imported 27.06% (0.36 million tons)…Details
18 coal-processing factories will be constructed in Kemerovo region in 5 years, which will increase coal-processing volumes by 66.5 million tons and provide local population with 3.5 thousand jobs. At present 54 processing factories are operating in the region, having processed 161.6 million tons of coal in 2017, or 67% of all output. Kemerovo region…Details
In H1 Russia produced 63342 tons of rolled stainless steel, down by 3.9% YoY. Despite this, Krasniy Octyabr Volgograd Iron and Steel Works is still the leader, having produced 76.2% of all rolled stainless steel. The company increased output by 17.5% YoY, to 48266 tons. Stainless steel bars output in Russia dropped by 7.8%, to…Details
Prices of gold and silver fell, while the platinum and palladium prices increased on September 27, according to the data published by the Central Bank. The price of gold decreased by 6.0775 manats, to 2,037.4245 manats per ounce on September 27 compared to the price on September 26. The price of silver dropped by 0.0832…Details
Management of Kyrgyzaltyn OJSC completely stopped work at Makmal mine on September 1. Almaz Alimbekov, Chairman of the Board of Kyrgyzaltyn, explained why this was done, what the situation at the mine was and what the future of the mine would be. – What is the current situation at the mine? What structures work and…Details