Magnitogorsk Iron and Steel Works (MMK) has once again been included in Living Planet channel and the Modern Media Research Institute (MOMRI)’s bi-annual list of the top ten Russian companies in the fuel and energy and metallurgical sectors for environmental performance. Thanks to good results in the second half of 2017, MMK placed 9th on…
The net profit of Russian steelmaker Severstal went up by 28.4% YoY, to $461 million in January-March, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on April 17. Revenue grew by 23%, to $2.173 billion in the period, and operating profit rose by 22.9%, to $585 million. EBITDA increased…
Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, produced 18,307 ounces of gold in the first quarter of 2018, up by 26% YoY, according to the company report. The company said that such a sharp increase in the gold production was linked with the launch of production at the…
The prices of the main precious metals varied in Azerbaijan on April 16, according to the data published by the Central Bank. The cost of gold increased by 9.9705 manats, to 2288.353 manats per troy ounce compared to the price on April 13. The cost of silver increased by 0.2108 manats, to 28.3104 manats per…
In February export prices increased by 1.6% from December 2017, while import prices – by 1%. According to the Statistics Committee of the Ministry of the National Economy, iron ore ores became 14.5% more expensive, manganese ores export prices increased by 13.2%, copper – by 13.1%, coal – by 3.9% and zinc – by 2.6%.…
Zhezkazgan Copper Smelting Works will be operating at full capacity, according to Kazakhmys Smelting. The plant will operate 2 ore-smelting furnaces and a sulfur acid shop. In 2009 due to the decrease of available raw materials the works switched to the operation of only 1 smelting furnace. But as the copper-containing raw materials volumes will…
In Q1 Khabarovsk region obtained 3519.6 kg of ore gold and 12.8 tons of silver, up by 8.4%, but down by 5.5% YoY respectively. This year the region intends to yield 23450 kg of gold, up by 1.3% YoY. Alluvial gold season will start in May, so at present only ore gold is mined. Last…
The price of the license for the development of Tyrnyauz tungsten-molybdenum ores in Kabardino-Balkaria dropped 2-fold, from 2.2 billion rubles to 1.08 billion rubles. On the basis of the deposits a new industrial complex could be created, providing some 1 thousand jobs. The estimated reserves of the deposit are around 210 thousand tons of tungsten…