Russian state geological exploration company Rosgeo has won a contract to explore ore gold on the Spokoininskoye deposit in the republic of Yakutia with a bid of 160 million rubles. The works must be completed before 2021. The resource estimate is 40 tons of ore gold under the P2 category under the Russian industrial standards.…
Pavlik Gold estimates the cost of scaling up production of an ore enrichment plant at the Pavlik deposit at 15.5 billion rubles. “A significant increase of the reserves will allow us to raise capacity of the ore enrichment plant to more than 10 million tons of ore and more than 12 tons of gold per…
Russian Copper Company intends to buy the rights to develop the Malmyzhskoye copper-porphyry deposits in Khabarovsk region. IG Copper LLC will be the seller. The company owns 51% in the project. The estimated price of the deal is $200 million. The deal is to be finalized in Q3. The license for the Malmyzhskoye project is…
The decrease of cargo trains throughput in the direction of Mariupol has affected the Mariupol Ilyich Iron and Steel Works output. In particular, the company pig iron manufacture in June is decreased by 25 thousand tons. Raw materials stocks are enough for 1-2 days, while the losses of non-received currency revenue and non-fulfillment of obligations…
The prices of main precious metals varied in Azerbaijan on June 21, according to the data published by the Central Bank. The cost of gold decreased by 14.374 manats, to 2,151.758 manats per ounce compared to the price on June 20. The cost of silver decreased by 0.144 manats, to 27.6156 manats per ounce. The…
Avdiivka Coke and Chemical Works is on the verge of the being shut down because of the sulfuric acid shortage. “In 7 days we will completely run out of the sulfuric acid, the raw materials, without which our operation is impossible”, the company CEO Musa Magomedov wrote on his Facebook page. According to him, the…
Energomashspetsstal has started producing rolls for Primetals Technologies (Austria) under the contract signed in April. The company has ordered 4 supporting rolls with the combined weight of 105 tons. The rolls will be delivered to the customer in Q1 2019. Within the project to construct a new plat mill 1700 at ArcelorMittal Lazaro Cardenas in…
The AvtoVAZ delegation headed by the company president Yves Caracatzanis has visited MMK. The parties discussed cooperation issues and prospects of creating new steel grades for car industry. This is the first Yves Caracatzanis’ visit to MMK since his appointment in early June. AvtoVAZ is one of MMK’s largest partners – last year the company…