Precious metal prices varied in Azerbaijan on December 3, according to the data published by the Central Bank. The price of gold increased by 0.7055 manats, to 2,083.2735 manats per ounce on December 3 compared to the price on November 30. The price of silver decreased by 0.0258 manats, to 24.342 manats per ounce. The…
Vysochaishiy has received a license to use the Svetlovodskoye ore filed. The company has paid 697.44 million rubles to use the field ahead of schedule. R1 reserves are estimated at 61 tons, and R2 – at 59 tons. The average gold content is 2 g per ton. The size of the site is 40 square…
Chernogorsky pit was the first of SUEK enterprises in the Republic of Khakasia to fulfill its annual target. Since the start of the year the pit has yielded over 7 million tons of coal. Investments in 2013-2017 totaled 6.85 billion rubles, and in Q1-Q3 2018 – 1.3 billion rubles. (Ukrainian metal)
The undistributed fund of the Zabaikalye region has coal worth some 5.5 trillion rubles. Development of these deposits could attract 116 billion rubles and create 2.6 thousand jobs. There are also ongoing projects worth 4 trillion rubles. Investments in them are estimated at 7.4 billion rubles. Moreover, the region has 258 sites with gold and…
The Russian government has decided to decrease the rare-earth metals ore mining tax. According to the chairman of the government Dmitry Medvedev, this will stimulate the mining of rare-earth metals. The tax is proposed to be decreased from 8% to 4.8%. “Some types of rare-earth metals are of strategic importance. But the development of their…
Members of the parliament Andrey Lugovoy, Irina Guseva, Sergey Kryuchek and Boris Paykin have submitted to the State Duma the draft bill to limit cash payments when accepting scrap of ferrous and non-ferrous metals from the population. The document provides for the mandatory non-cash payment when the scrap valued over 10 thousand rubles is purchased.…
The State Service for Combating Economic Crimes of Kyrgyzstan detected two companies in Osh region that illegally mined and exported antimony to China, press service of the agency reported. According to it, U.T. and K. Company in 2017 and from January 1 to June 30 exported 1,764 tons of antimony ore and concentrate to the…
In January-November East Mining Company extracted 7 million tons of coal, or 90% of the annual target. This year the company intends to sell over 8 million tons. This will set new records on mining and shipping coal for Solntsevsky Coal Pit and Coal Seaport of Shakhtersk in the Sakhalin region. ECM is the largest…
