In 2019 coal output in Buryatia increased by 35.4% YoY, to 7.161 million tons. Nikolskoye coal deposit, developed by Razrez Tugnuiskiy, accounted for the largest volumes. The company extracted 4.332 million tons of coal, up by 89%. Until 2021 the company intends to start mining 16 to 18 million tons of coal per year due…
In January railroad transportation of iron and manganese ore as well as ferrous metals grew by 10.8% and by 2.5%. At the same time transportation of coke dropped by 23.4% and scrap – by 22.7%. According to the State Statistics Service, 6.9 million tons of iron and manganese ores were transported, 2 million tons of…
The 6th Court of Appeals has satisfied the claim of the Office of large taxpayers and canceled the decision of the Kyiv District Court dated December 2, 2019, which has satisfied the claim of Alchevsk Iron and Steel Works to the Office to return 582 million UAH of profit tax overpayment. The overpayment accumulated in…
About 200 miners of the Dzidziguri mine have gone on a strike in Tkibuli region of western Georgia earlier today after the employer demanded they use the tunnel of Mindeli mine to reach their regular work site, which they say “takes too much time and effort”. The miners said that the alleged reason for the…
In 2019 the Republic of Buryatia exceeded gold output plan by 15.9%. The region yielded 5562.5 kg of gold with the target being 4800 kg, or up by 6% YoY. Alluvial gold output totaled 499 kg, up by 24.9%. Ore gold yield grew by 5.6%, to 3063.5 kg. (Ukrainian metal)
Kaluga Turbine Plant has supplied a backpressure turbine with the capacity of 6.9 MW to Gaysky Mining and Processing Works. The turbine will be used in the cogeneration plant of the GOK with the combined capacity of 24 MW. The companies have been cooperating since late 1980s. The contract to supply the turbine was signed…
KAZ Minerals has approved expenses of $150 million to finish bankable feasibility study of the development of the Peschanka deposit in Chukotka Autonomous District. Additional machinery might be supplied to the deposit, which will increase expenses. Last year the company approved expenses of $80 million, but the actual amount totaled $111 million. The study is…
Last week, the price of one ounce of gold increased by 51.1 manats ($30) or by 1.9%. Accordingly, the average price of one ounce of gold stood at 2,722 manats ($1,601). The price of one ounce of silver grew by 0.8 manats ($0.47) or by 2.8%, to 30.8 manats ($18.1). The price of one ounce…
