In January-June Primorsky Mining and Processing Works produced 1073.6 tons of tungsten concentrate and 235.7 tons of copper concentrate, up by 35% and by 5% YoY respectively. The increase has to do with miners getting closer to ore body. This year the enterprise intends to produce 2700 tons of tungsten concentrate and 1600 tons of…
The net profit of Russian aluminum giant UC RUSAL doubled YoY, to $952 million in January-June from $470 million in the same period of 2017, the company said in a report on August 6. Adjusted net profit went up by 15%, to $535 million, while the recurring net profit gained 41.5%, to $971 million. Adjusted…
Prices of precious metals except for palladium changed over to increase in Azerbaijan on August 6, according to the data published by the Central Bank. The price of gold increased by 13.5235 manats, to 2066.01 manats per ounce compared to the price on August 3. The price of silver increased by 0.2476 manats, to 26.2594…
In July DTEK Dneprovskoye Mine Group put 3 long faces into operation. On July 31 the mine named after Stashkov commissioned another face. DTEK investments totaled 39.9 million UAH. The long face will yield 500 thousand tons of power-generating coal. By the end of the year DTEK Dneprovskoye Mine Group intends to have commissioned 4…
The speaker of the Verkhovna Rada Andrei Parubiy has signed the decree on state coal industry financing. The decree has been sent to the president Petro Poroshenko. 261 members of the parliament voted in favor of the decree. The decree aims to clear salary debts to state miners. (Ukrainian metal)
In January-June Dalnegorsk Mining and Processing Works mined 469.5 thousand tons of datolite ore, down by 8% YoY. From August 3 all the machinery at the works is gradually shut down for 25-30 days for repair. The works will be resumed in September. As of January 1, 2017 the datolite ore reserves at the Dalnegorskoye…
Mechel has prolonged the contract to supply coal to Baosteel Resources, a part of China Baowu Steel. The new agreement is valid till June 2019. Within this period Mechel will ship 700 thousand tons of premium grade coking coal to China – up to 40 thousand tons each month. The price will be set on…
In January-June Primorye region extracted 104 kg of gold, including 70.5 kg of ore gold and 33.5 kg of alluvial gold, down by 18% YoY. The main extractor of ore gold in the region is Primorksiy Mining and Processing Works operating at the Vostoc-2 deposits. Silver output dropped by 20%, to 16.9 tons. Last year…