Since the beginning of its activity AzerGold CJSC has extracted 105,000 ounces of gold and 155,000 ounces of silver at the aboveground part of the Chovdar deposit, Zakir Ibrahimov, chairman of the company, declared. He said that revenues from the sale of these precious metals exceeded 230 million manats. He noted that it was also…
The Geopromining project to construct a factory to process silver-polymetallic ore at the Verkhne-Menkeche deposits in the Republic of Sakha (Yakutia) has been approved. The capacity of the factory will be 300 thousand tons. At present the ore from the deposit is processed at the Serebro Magadana (Polymetal). The reserves of the deposit are 1200…
A group of people’s deputies have asked the chairman of the Council of the National Security and Protection Alexander Turchinov to include Demurinsky Mining and Processing Works (Dnipro) into the sanction list of Russian enterprises. “Ilmenite, the raw material to manufacture the main war metal – titanium – Russia buys mostly from Ukraine. This titanium…
In January-November Ukraine increased the import of coal by 9.9% YoY, to 19.09 million tons. According to the State Fiscal Service, the value of the coal imported stood at $2.693 billion, up by 10.8% YoY. Russia supplied $1.667 billion worth of coal (or 61.91%), USA – $806.34 million (29.94%), Canada – $128.6 million (4.78%) and…
In 2018 DTEK financial results improved because of the growth of world coal and gas prices, as well as investments in output increase. In 2 years the world coal prices have increased more than 2-fold, from $42 to $100 per ton. In 13 years DTEK has invested over $7.6 billion in development. In particular, the…
The Electrotyazhmash works has concluded 6 agreements with Meta-Lux LLC for the delivery of metal valued at 194.24 UAH. Until the end of 2020 the company has to supply phosphorous-copper alloy at 314 UAH per kg, bronze rods at 281 UAH per kg, 2 types hot-rolled steel sheet at 37200 UAH and 30512 UAH per…
Ferrexpo announces the payment of special dividends of $0.066 per share with the total amount of $40 million, or twice as much as in 2017. The decision has been taken with the view of the improved market situation in H2 2018 and good prospects for 2019. The board of directors will decide on the final…
The minister of energy and coal industry Igor Nasalik has suggested increasing the base price of power-generating coal in Ukraine by 10.5%. Thus, the price should grow from the current level of 2535 UAH (without VAT) per ton, set in April, to 2800 UAH. According to Nasalik, the base price increase is necessitated by the…