Over two years, 45 tons of gold and 8 tons of silver have been produced at Kumtor, which are stored in the National Bank, the Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov has said. According to him, in 2021, when the president announced transfer of Kumtor to the state, some educated members…
Anglo Asian Mining PLC, the AIM-listed (Alternative Investment Market) gold, copper and silver producer, has announced the preliminary amount of precious metals for the new Zafar field in Azerbaijan’s Gadabay district. The mentioned underground mine contains 28,000 tons of copper, 73,000 ounces of gold and 36,000 tons of zinc. “The design is developed on ore…
On February 9, Sukha Balka commissioned new manufacturing capacities at the Yubileynaya mine. The new block will be in development for 4 months. The new block 28-30+10 is located at the depth of 1420 meters. The reserves are estimated at 125.6 thousand tons. Iron content totals 60.6%. (Ukrainian metal)
In 2022, Group DF decreased ilmenite concentrate manufacture by 27% YoY, to 103.6 thousand tons. Ilmenite ore mining dropped by 36.8%, to 1798 million cubic meters. Despite this fall, tax payments increased by 49.3%, to 195.4 million UAH. (Ukrainian metal)
From March, the state enterprise Navoiuran will export natural uranium to India. An agreement was signed by the state enterprise and the Department of Nuclear Energy of India in 2019. Previously, Navoiuran exported its products to Canada, USA, South Korea and Japan. (Ukrainian metal)
As all other industries, foundry suffered greatly from the Russian invasion. At least 50% of enterprises felt the impact of the war, sometimes even with partial destruction of manufacture. Large foundry enterprises are usually located in the southeastern regions that have suffered from the war the most. Output fall is estimated at 70%. According to…
Metinvest positively sees the decision of the Cabinet of Ministers of Ukraine to allow companies to import electricity during its shortage on domestic market. “Metinvest decided to use this opportunity to organize purchases of electricity for its own needs, which allowed increasing quotas for electricity supply,” the company said. The decision has already positively affected…
In 2022, Metinvest produced 10.712 million tons of iron ore concentrate, down by 66% YoY. Pellets manufacture dropped by 45%, to 3.185 million tons. In Q4 2022, concentrate output grew by 108 thousand tons QoQ, but pellets decreased by 41%, to 489 thousand tons. Coal concentrate output last year went down by 11%, to 4.959…