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Azerbaijan: precious metal prices vary on November 5, 2018

precious metalsBy admin05.11.2018Leave a comment

Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…

Azerbaijan: Central Bank gets over 400 kg of gold from Switzerland for storage

goldBy admin05.11.2018Leave a comment

The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…

Georgia: work suspended at mines due to safety inspections

miningBy admin05.11.2018Leave a comment

A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…

Ukraine: Zaporozhkoks reports September 2018 results

ZaporozhkoksBy admin05.11.2018Leave a comment

In September Zaporozhkoks produced 65.03 thousand tons of blast furnace coke. The manufacturing goal for the month has been reached. In January-September the company produced 609.98 thousand tons of blast furnace coke. The output decreased YoY because of the scheduled repair of the coke-oven battery No. 5 Investments in the repair totaled 73 million UAH.…

Ukraine: UMCC net profit down in January-September 2018

United Mining and Chemical CompanyBy admin05.11.2018Leave a comment

In January-September the United Mining and Chemical Company received 423.079 million UAH of net profit, down by 27.8% YoY. EBITDA decreased by 26.7%, to 524.351 million UAH. At the same time net income grew by 18.3%, to 2.549 billion UAH. Undistributed profit as of late September totaled 297.083 million UAH. (Ukrainian metal)

Ukraine: ZALK sees losses in January-September 2018

ZALK, Zaporozhye Aluminum WorksBy admin05.11.2018Leave a comment

In January-September Zaporozhye Aluminum Works received 106.578 million UAH of net losses as opposed to 118.692 million UAH of net profit in 9 months of 2017. The company did not have any net income, while last year it totaled 31.891 million UAH. This year ZALK has not manufactured anything. (Ukrainian metal)

Ukraine: DTEK Pavlogradskoye Mine Group ahead of annual plan

coal, DTEKBy admin05.11.2018Leave a comment

DTEK Pavlogradskoye Mine Group has ahead of schedule completed the annual output plan. The miners yielded 506,900 thousand tons of gas coal 2 months ahead of schedule. In October the first site started mining coal from the new long face. DTEK invested some 40 million UAH in its development. (Ukrainian metal)

Ukraine: Corum Group to supply mining machinery to Europe

Corum GroupBy admin05.11.2018Leave a comment

Corum Group will supply machinery for a major Polish mining company – Polska Grupa Gornicza. This will allow the Ukrainian supplier to integrate into the Polish market. Corum will supply 140 sections of the mechanized anchoring for the Sosnica mine. “The market is one of the most attractive for us due to the reorganization of…

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