Prices of precious metals increased in Azerbaijan on May 6 compared to the prices of May 3. The price of gold grew by 17.765 manats, to 2,179.9610 manats per ounce. The price of silver went up by 0.3893 manats, to 25.2557 manats per ounce. The price of platinum increased by 20.3405 manats, to 1,466.4030 manats…
President of Kyrgyzstan Sooronbai Jeenbekov promised that uranium would not be mined in Kyrgyzstan. He stated this at a meeting with the judges of the Constitutional Chamber. “We must transfer to the next generation a unified society, a law-governed state. We have to preserve clean, green nature. Taking this opportunity, I want to say that…
In January-March, the largest sellers of gold were Uzbekistan with 6.2 tons, Mongolia – 3.4 tons, and Tajikistan – 1 ton, according to the latest report by the World Gold Council. The leader in the purchases of gold was Russia. In the first quarter of this year, the Central Bank of the Russian Federation purchased…
The price of one ounce of gold decreased by 22.5335 manats or by 1.03% last week in Azerbaijan. The average price of one ounce of gold stood at 2,174.4581 manats. The price of one ounce of silver dropped by 0.7198 manats or by 2.8%, to 25.2469 manats. The price of one ounce of platinum fell…
The salary debt to miners exceeds 400 million UAH. “Recently a decision has been taken to transfer some funds from the state budget to clear the debt. I believe soon the wage arrears will be paid”, deputy minister of energy and coal industry Anatoly Korzun declared. (Ukrainian metal)
Kolmar will be the main coal shipper in Yakutia via railroad in 2019, as it intends to transport 6.8 million tons. Thus, average monthly volumes will be 550 thousand tons. Regional railways plan to transport 7.6 million tons of cargo this year, up by 38% YoY. Thus, Kolmar will account for 89.5%. (Ukrainian metal)
In January-March, Metalloinvest decreased iron ore output by 2.9% YoY and by 7.2% QoQ, to 9.6 million tons. The decrease has to do with the scheduled repair of machinery at Lebedinsky Mining and Processing Works, as well as the change in the quality of ore mined at LGOK and Mikhailovsky GOK. The manufacture of pellets…
ArcelorMittal Kriviy Rih has started the final stage of the bar mill No. 250-4 reconstruction. 90% of the machinery has already been assembled. The total cost of the project is $55 million. Danieli supplied all the equipment. The design capacity of the mill after reconstruction will reach 1.052 million tons of rebars per year. (Ukrainian…