In January-August Magadan region extracted 24529 kg of gold, up by 13% YoY. 12339 kg accounted for ore fold, up by 30%. Alluvial gold output totaled 12190 kg, on par with the previous year period. Silver extraction grew by 1%, to 478.6 tons. This year it is planned to obtain 37 tons of gold and…
The price of one ounce of gold increased by 18.887 manats or by 0.9271% last week. Thus, the average price of one ounce of gold stood at 2046.555625 manats. The price of one ounce of silver grew by 0.4196 manats or by 1.7458%, to 24.2478 manats. The price of one ounce of platinum went up…
The Russian Railroads sales center in the city of Chita in August shipped over 13 thousand tons of coal to China. It took the center some 200 wagons to ship the lot. This was also the largest shipping to China last month. (Ukrainian metal)
In August Ukraine exported $59.1 million worth of pipes, up by 27.1% YoY. Imports grew 2-fold, to $21.801 million. According to the State Fiscal Service, steel pipes deliveries to US were the largest ($10.193 million). In January-August Ukraine exported $484.621 million worth of pipes, up by 39.5%, while imports grew by 55.4%, to $111.14 million.…
As a result of a sudden fall of the rock an employee was hit at the Ekspluatatsionnaya mine of the Zaporozhye Iron Ore Complex. Despite medical aid, the miner died of the injuries. A special commission has been created at the enterprise to investigate the accident. Minerfin (Slovakia) owns 51.17% of ZZhRK, Zaporizhstal – 29.5%…
Uchaly Mining and Processing Works power shop has finished the construction of a switching substation 6 kW with 19 units at the electric substation No. 63 “Shakhty”. The commissioning of the switching substation will be the first stage to expand the “Shakhty” to provide a new mine and the second stage of the waste treatment…
Rostov region police have found a large-scale fraud connected with metal market. An ex-director of a closed company dealing in metal and metal ore wholesale has concluded a fictitious contract with a foreign company to supply ferroalloys raw materials. But instead of the expensive raw materials metal waste was shipped. After that the ex-director filed…
An extraordinary shareholders meeting at Norilsk Nickel decided to pay 776.02 rubles of dividends per ordinary share (some $11.37) for the first half of 2018. The total amount of funds to be paid as dividends is 122.8 billion rubles (around $1.8 billion). (Ukrainian metal)