The drilling has confirmed the reserves of tungsten and molybdenum at the North Katpar deposits in Karaganda region. According to Tau-Ken Samruk, the reserves total some 90 thousand tons of tungsten and 13 thousand tons of molybdenum. The main difficulty with the development of the deposit is the lack of processing techniques in Kazakhstan. So…
Russian gold producer Polymetal International has agreed to sell the Kapan gold ore field in Armenia to Chaarat Gold, which mines gold in Kyrgyzstan, for $55 million, Polymetal said in a statement on October 30. “Polymetal International Plc has signed a legally binding agreement with Chaarat Gold Holdings Limited to sell the Kapan mine in…
Prices of gold, silver and palladium decreased, while platinum rose in price in Azerbaijan on October 30, according to the data published by the Central Bank. The price of gold dropped by 8.9165 manats, to 2,087.413 manats per ounce on October 30 compared to the price on October 29. The price of silver fell by…
In January-August Russia imported 358.7 thousand tons of ferrous metal scrap from Kazakhstan, down by 13.4% YoY. According to the customs statistics, the average price was $266.4 per ton without VAT, up by 44.7%. In 8 months the cost of scrap increased by 8.1%, to $94 million. (Ukrainian metal)
Ingulets Mining and Processing Works intends to decrease labor noise at the territory of the disposal area No. 1 near the residential district Ingulets in the city of Krivoy Rog. “For this we are replacing transport networks – we are relocating the road to the opposite side of the disposal area”, the company CEO Alexander…
The converter department of the Svyatogor metal shop has assembled the 8-wheel casting bridge crane manufactured by the Sukhoy Log Crane Works. At present the department operates three bridge cranes. The new crane has replaced the casting crane No. 1, which has been in operation for 30 years. The new crane will be commissioned within…
In 2023 the Vostok Engineering LLC intends to start transporting ore from the Tomtorskoye rare-earth metals deposits in Yakutia. By that time a 68-km long ice-road ferry will have been constructed. The road will run through the Krasnoyarsk region to the port of Khatanga, and then the ore will be transported via the Northern Sea…
Uralelectromed has once again demonstrated the high quality of its silver, having confirmed the Good Delivery international status. The monitoring showed that the silver produced by the company corresponded to the LBMA standards. Following the monitoring, the company has been issued a certificate of a reliable silver supplier. In January UEM confirmed its status of…