On May 23 a new long face No. 132 at the Stepnaya mine of the state enterprise Lvivugol was put into operation. The reserves of the low-ash coal reach 163.9 thousand tons, the length of the face is 150 meters with the possibility to increase to 220 m. The miners will be developing the face…
The prices of precious metals, except for palladium, decreased on May 29, according to the data published by the Central Bank. The cost of gold decreased by 7.7095 manats, to 2206.583 manats per troy ounce, compared to the price on May 25. The cost of silver decreased by 0.26 manats, to 27.9821 manats per ounce.…
As part of the implementation of its Big Data strategic initiative, Magnitogorsk Iron & Steel Works is planning to complete five projects in 2018 that will result in savings of over 40 million rubles a year. At the end of 2015 MMK adopted a new development strategy for the period through 2025 that included, among…
Since 2015 KAZ Minerals Bozymchak has exported 9,760 tons of gold concentrate from Kyrgyzstan, the State Service for Combating Economic Crimes reported. The audit report of the Accounting Chamber confirmed the data. “In December 2017 the Investigation Department of the State Service for Combating Economic Crimes instituted criminal proceedings under the article “Abuse of power…
A Russian metallurgical company based in Verkhnyaya Pyshma, the second largest copper producer in Russia, has expressed willingness to cooperate with Iran in the country’s mining sector. “We can cooperate with Iran in various fields by having access to Iran’s projects,” Sergo Kurbanov, an official with UMMC (Ural Mining and Metallurgical Company) said during a…
Representatives of the Chinese gold mining company, GL Makmal Developing LLC, will not demand from the government of Kyrgyzstan the compensation for the damages so far. According to them, the preliminary amount of damage is $2.3 million. “But we do not put forward demands. We are waiting for the interdepartmental commission to finish its work.…
Last week the price of one ounce of gold in Azerbaijan increased by 24.5395 manats or by 1.1207%. Accordingly, the average price of one ounce of gold stood at 2,198.9245 manats. The price of one ounce of silver increased by 0.3965 manats or by 1.4238%, to 28.03702 manats. The price of one ounce of platinum…
Prime Minister Bakytzhan Sagintayev familiarized with the production process automation at Sokolov-Sarybai Mining Production Association (SSGPO) JSC, a part of Eurasian Resources Group (ERG) during his working trip to Kostanay region. The Premier made the first stop at the Sokolovsky open pit. This is the field where the history of strip mining with the use…
