Geophysical work has been completed on an area of 10 square kilometers in the northern part of the Azerbaijan’s Chovdar gold deposit, the Deputy Chairman of the Board of Azergold CJSC Ogtay Mammadov declared. “Next year geophysical work will be carried out on an area of 11-12 square kilometers on the slopes of Mount Kapaz.…
Companies of businessman Vladimir Lisin including steelmaker Novolipetsk Steel (NLMK), shipping operator UCL Holding and its part Freight One are ready to invest 28.6 billion rubles in development of own transport infrastructure. NLMK is the national railroad operator Russia Railways’ fourth largest client in volume terms and fifth largest in monetary terms. In 2017 it…
In August Russia produced 6.17 million tons of steel (as in July), down by 0.1% YoY. In 8 months steel output reached 48.264 million tons, up by 1.9% YoY. Ukraine, which has already left CIS, decreased steel production in August by 3.7% YoY, to 1.786 million tons (1.815 million tons in July). At the same…
The Azerbaijani closed joint stock company Azergold intends to produce 45,000 ounces of gold till the end of this year, Deputy Chairman of Azergold’s Board Ogtay Mammadov reported. Mammadov made the remarks during the media tour aimed at reviewing the work conducted at the Chovdar field. “Since early 2018, 33,000 ounces of gold have been…
Chairman of Severstal Alexei Mordashov and the governor of the Belgorod region Yevgeniy Savchenko have discussed issues of the development of Yakovlevo Mining and Processing Works. Mordashov presented the development program for 2018-2023, which presupposed the increase of ore output more than 5-fold, from 878 thousand tons to 5 million tons. This year the output…
The State Service of Geology and Subsoil of Ukraine has put on sale on February 12, 2019 a number of licenses to develop subsoil. In particular, one of the auctioned lots will be a special license for the Prutovskoye sulfide copper-nickel ore deposits in Zhitomir region. The starting price will be 9.737 million UAH. (Ukrainian…
The state enterprise Ukrpromvneshekspertisa forecasts that in October the deliveries of ferrous scrap to metal companies will increase by 5.66% MoM, or by 15 thousand tons, to 280 thousand tons. In August deliveries dropped by 11% MoM, or by 30 thousand tons, to 240 thousand tons. In October deliveries will increase due to the growth…
The price of one ounce of gold decreased by 23.0435 manats or by 1.13% last week in Azerbaijan. The average price of one ounce of gold stood at 2,033.1864 manats. The price of one ounce of silver increased by 0.0936 manats or by 0.39%, to 24.3830 manats. The price of one ounce of platinum dropped…
