In July Pavlik gold-extracting company mined 400 kg of gold at the Pavlik deposits in Magadan region. In January-July output totaled 3700 kg. Till the end of the year the company intends to mine 3300 kg of gold, thus reaching the target of 7 thousand kg of gold. In case the annual target is reached,…
Vostoc Engineering LLC has finished prospecting works at the Burannyi site of the Tomtorskoye deposits in Yakutia and in autumn will start designing the plant. In late 2021 the company intends to start daylighting and in 2022 – commercial production. Tomtorskoye is one of the largest rare earth metals deposits in the world. Its resources…
In July scrap deliveries to metal companies decreased by 17% MoM, to 270 thousand tons. Procurement dropped by 19%, to 281 thousand tons. Exports fell by 42% MoM, to 11 thousand tons. In January-July scrap deliveries to metal companies grew by 3% YoY, to 1.902 million tons. Procurement increased by 7%, to 2.183 million tons,…
In September Ukraine intends to produce 1.9 million tons of pig iron and steel each, as well as 1.7 million tons of rolled metal. As of August 14, 18 out of 21 blast furnaces, 8 out of 9 open-hearth furnaces, 14 out of 16 converters, 7 out of 15 electric arc furnaces and all the…