The first stage of the Ozernovsky GMK mining and metallurgic plant was launched on the Kamchatka Peninsula’s gold deposit on June 25, the regional government said in a statement. “This is the largest unit developed on Kamchatka and one of the most difficult from the point of view of logistics, weather conditions, characteristics arising from…
Centerra Gold Inc. agreed with the Government of the Kyrgyz Republic to further extend the first longstop date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the government of the Kyrgyz Republic on September 11, 2017, Kumtor Gold Company website says. The First Longstop Date is the date by…
Last week the price of precious metals decreased in Azerbaijan. The price of one ounce of gold decreased by 11.509 manats or by 0.5%. Accordingly, the average price of one ounce of gold stood at 2,157.504 manats. On June 15, 18 and 19 the exchange rate of manat in relation to the precious metals was…
The prices of main precious metals varied in Azerbaijan on June 25, according to the data published by the Central Bank. The cost of gold decreased by 0.6545 manats, to 2,153.968 manats per ounce compared to the price on June 22. The cost of silver increased by 0.0716 manats, to 27.819 manats per ounce. The…
Rosgeologia will carry out prospecting works within the Spokoyninsky ore node in Aldan district of the Republic of Sakha (Yakutia). According to the tender documents, the enterprise will have to investigate the site with the size of 178.7 square km. Their main task is to estimate the forecast resources of R2 ore gold in the…
The state enterprise Selidovugol has been transferred 15 million UAH. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the money will be spent to partially pay salary debts to the employees. Earlier the minister of energy and coal industry Igor Nasalik declared, that of the 85 million UAH on salary…
In May industrial output in Ukraine increased by 2.2% MoM and by 2.9% YoY. According to the State Statistics Service, in January-May the industrial output grew by 102.6%. In particular, in mining and quarrying it increased by 102%. (Ukrainian metal)
The EU is ready to cooperate with Ukraine to reduce the risks in the energy sector, in particular, to assist in closing the exhausted and dangerous coalmines. “I congratulate Ukraine on including the tasks of decarbonization of its economy in the strategy until 2035. This means a cautious approach to solving the challenging issues in…