Khuzhir Enterprises LLC intends by the end of the year to have resumed operation of the gold-extracting factory at the Konevinskoye deposit in the Republic of Buryatia. In 2020 the company plans to produce at least 400 kg of gold. Investments in the project reach 400 million rubles. Khuzhir Enterprises started developing the deposit in…
In January-June under the project “Product innovations” Severstal sold 192 thousand tons of new types of products, up almost 5-fold YoY. At present the group is mastering the manufacture of 67 new products, up 2.5-fold YoY. For instance, TEMPO has produced a trial batch of linear pipes of innovative corrosion-resistant steel. Cherepovets Iron and Steel…
In June railroad sales of rolled metal by Evraz-NTMK to Russian customers and abroad totaled 319 thousand tons, down by 1.5% MoM, but up by 13.3% YoY. In H1 sales grew by 15.6% YoY, to 1.97 million tons, the highest result in the past 4 years. Sales to Russian customers totaled 1.07 million tons, up…
In May Russia exported 250 tons of tungsten ore, up by 100% MoM and by 100.2% YoY. Exports doubled due to the sales to Austria. Deliveries to South Korea remained unchanged. In 5 months tungsten ore and concentrate exports totaled 624.6 tons, up by 43% YoY. Since the start of the year the exports in…
In January-June KAZ Minerals produced 147.6 thousand tons of copper, up by 6% YoY. In Q2 copper output totaled 77.6 thousand tons. Aktogay GOK manufactured 74.1 thousand tons of copper, Bozshakol GOK – 47.1 thousand tons and Bozymchak (Kyrgyzstan) – 26.4 thousand tons. The year output is planned on the level of 300 thousand tons.…
Kumtor gold mine took the 8th place out of 10 among the mines with the lowest costs for their maintenance in the first quarter of 2019. Mining Intelligence looked at costs at primary gold mines and ranked them based on average all-in sustaining costs (AISC). The AISC metric serves as a benchmark of a mine’s…
Last week the price of one ounce of gold decreased by 19.89 manats or by 0.81%. Accordingly, the average price of one ounce of gold stood at 2,414.9877 manats. The price of one ounce of silver increased by 0.0871 manats or by 0.31%, to 27.8543 manats. The price of one ounce of platinum grew by…
Russian steelmaker Novolipetsk Steel (NLMK) is considering launching a $100-150-million plant producing grain-oriented electrical steel in India, a company spokesperson said in a statement. “The project is in progress. We are considering locating a part of the grain-oriented electrical steel business. Investment can amount to $100-150 million. The decision has not been made yet,” the…