Prices for precious metals in Azerbaijan continued to decline on July 17, according to the data published by the Central Bank. The price of gold decreased by 5.457 manat, to 2110.227 manats per ounce compared to the price on July 16. The price of silver decreased by 0.0605 manats, to 26.8797 manats per ounce. The…
The Georgian Industrial Group (GIG), the largest industrial holding in Georgia owning Saknakhshiri coal mining company, is ready to gift the company to the state in the wake of the fatal incident in the Tkibuli Mindeli Mine, which claimed the lives of four miners and left six others with severe injuries. GIG states that despite…
Russia’s production of finished, semi-finished, and powdered gold fell by 13% YoY but rose by 26.5% MoM in June, the Federal State Statistics Service said in a report. In January-June gold production decreased by 1.2% YoY. Previously, absolute figures on production of non-ferrous metals were a state secret. The figures are no longer classified, but…
Prime Minister of Georgia Mamuka Bakhtadze has announced the closure of Mindeli coal mine where four died and six injured as a result of a methane explosion on July 16. “I express my wholehearted condolences to the families of the victims in this difficult moment. The state cannot allow the vulnerability of health and life…
In January-June Electrozinc fulfilled zinc manufacturing plan by 101.5%. According to preliminary data, sales are expected on the level of 2863 million rubles, up from 2507 million rubles in H1 2017, and net income – 330 million rubles (252.388 million rubles). Payments to all budgets will reach 564 million rubles. In H1 the company produced…
Rusolovo intends by the end of 2022 to have constructed and commissioned the mining and processing works at the Pravourminskoye tin ore deposits. Investments will total 9.7 billion rubles. Construction of the GOK itself will cost 6.7 billion rubles. The company will also have to construct a road from the site to the settlement of…
In June, according to the railroad statistics, direct deliveries of ferrous metals to the enterprises of the railroad machine-building industry reached 137.2 thousand tons. This is by 57.4% more YoY. In January-June deliveries grew by 21.7% YoY, to 760.8 thousand tons. (Ukrainian metal)
Uralmashzavod will supply the sixth EKG-18 excavator to Kuzbassrazrezugol, a part of UGMK. Since the beginning of the year the company has already received 3 excavators. Assembly of the two of them has begun. 3 more machines will have been supplied by the end of the year. EKG-18 is one of the most sought after…