In March, Sibcable processed 1516 tons of copper, which became its historical record. On average the plant processes 1.1-1.2 thousand tons of copper per month. In March 2018 the result was 1423 tons. (Ukrainian metal)
Prices of gold, silver and platinum decreased in Azerbaijan on May 1 compared to the prices of April 30, the Central Bank reported. The price of gold dropped by 5.6015 manats, to 2,176.374 manats per ounce. The price of silver went down by 0.0743 manats, to 25.3645 manats per ounce. The price of platinum fell…
There are 12 valid licenses for uranium prospecting and exploration in Kyrgyzstan, website of the State Committee for Industry, Energy and Subsoil Use says. Table of valid licenses says that in total in the country has issued 20 such licenses. However, only 12 are valid. Mineral Explorer holds two licenses for uranium exploration in Panfilov…
Gold mining company Nordgold, controlled by the Russian tycoon Alexei Mordashov, plans to raise investment in its Lefa mine in Guinea by 15% YoY, to about $80 million in 2019, the company said. “We remain committed to Guinea and to driving performance at the Lefa mine. This intensive investment program will put us in the…
IRC Ltd, an iron ore division of Petropavlovsk Plc, which operates gold deposits in Russia, raised its iron ore concentrate output by 9.2% YoY, to 522,875 tons in January-March, but decreased by 6.3% QoQ, the company said. Sales of iron ore concentrate increased by 7.4%, to 527,365 tons. The company sold its products to clients…
The board of directors of the Russian integrated steel producer Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.488 rubles per share in dividends for January-March, in line with the managers’ proposals, the company said in a statement. The total sum will amount to $260 million, or 100% of the company’s free cash flow.…
Investor Manson Group and administration of Toguz-Toro district will sign an agreement on employee benefits in the near future as a part of a project to resume work at Makmal field, Kyrgyzaltyn OJSC reported. Management of the company has held public hearings in 13 villages together with the investor and head of the Toguz-Toro district…
The Uzbekistan Iron and Steel Works (Uzmetkombinat) has launched the country’s first production of carbon steel wire (wire rod). The implementation of this project will make it possible to produce import-substituting products worth at least $43.7 million a year, and to increase the annual export potential of the plant by 30,000-50,000 tons of products with…