In 2017 Tajikistan mined 1.7 million tons of coal, having set a record. 18 enterprises mine for coal in the republic. The 4 largest promised to mine 1.5 million tons of coal. Other companies obtained some 200 thousand tons. For the past four years Tajikistan has been mining record-high volumes of coal: 870 thousand tons…
In 2017 Chukotka region yielded 25.348 tons of gold, down by 13.14% YoY. Silver output dropped by 19.59%, to 130.839 tons. Alluvial gold output reached 2327.35 kg, up by 9.5% YoY. Ore gold extracting decreased by 14.92% YoY, to 23.021 tons, mostly because of the thinning of reserves. Last year the regional authorities expected gold…
In January-November 2017 Armenia increased metal output by 11.4% YoY after the drop of 6.3% in 2016. According to the National Statistics Service, ferromolybdenum output grew by 3.9%, to 6098 tons. In November 2017, 577 tons were produced, up by 12.3% MoM. Molybdenum concentrate output in 11 months increased by 3.8%, to 10133 tons, with…
In February Magadan region will hold auctions for the sale of 11 sites of alluvial and ore gold. All participation offers are accepted through February 12. Sites in Omsukchansk, Severo-Evensk, Srednekansk, Tenkin and Khasyn districts will be offered for sale. The cost of the lots depending on the site ranges from 1 million to 17.6…
The Lipetsk pipe company Svobodniy Sokol has purchased assets belonging to the insolvent Lipetsk Iron and Steel Works Svobodniy Sokol for 756.2 million rubles. According to the company CEO Igor Yefremov, this includes premises, metal and special machinery, lease right, patents, trade marks, railroad transport and social objects. The starting price of the lot was…
Kolyma gold-extracting companies have confirmed the 2017 gold output on the level of 32.7 tons. In 2018 they have received orders for 32 tons of gold. At the same time the real forecast for the year is 37 tons. (Ukrainian metal)
Uralmashzavod has completed the final stage of dragline 11/75 shipping. The corresponding contract with VostokUgol (Novosibirsk region) was signed in October 2016. The machine will be operating at the Vostochniy pit and is expected to start working in Q1. (Ukrainian metal)
In 2017 metal industry showed positive trends resulting mostly from external factors: the strengthening of the ruble, increase of the outer demand, accessibility of investments, etc. The following factors influenced the metal industry the most: – the increase of world prices by 40% on average, – and the growth of other income 2.2-fold because of…
