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Author Archives: admin

Azerbaijan: precious metals market on May 21-25, 2018

precious metalsBy admin29.05.2018Leave a comment

Last week the price of one ounce of gold in Azerbaijan increased by 24.5395 manats or by 1.1207%. Accordingly, the average price of one ounce of gold stood at 2,198.9245 manats. The price of one ounce of silver increased by 0.3965 manats or by 1.4238%, to 28.03702 manats. The price of one ounce of platinum…

Kazakhstan: PM gets acquainted with “smart mine” technology in Kostanay region

miningBy admin29.05.2018Leave a comment

Prime Minister Bakytzhan Sagintayev familiarized with the production process automation at Sokolov-Sarybai Mining Production Association (SSGPO) JSC, a part of Eurasian Resources Group (ERG) during his working trip to Kostanay region. The Premier made the first stop at the Sokolovsky open pit. This is the field where the history of strip mining with the use…

Russia: Tula region to construct aluminum alloy processing works

Tula Aluminum WorksBy admin29.05.2018Leave a comment

Tula Aluminum Works will invest 2.6 billion rubles in the construction of the aluminum alloys processing works. The company will become a resident of the Uzlovaya special economic zone. “The import-replacing manufacture will create over 200 jobs”, the regional governor Alexei Dyumin declared. According to him, these products are in demand both in Russia and…

Russia: corrosion-resistant steel scrap export up in March 2018

scrapBy admin29.05.2018Leave a comment

In March Russia exported 9.9 thousand tons of corrosion-resistant steel scrap and wastes, up by 49.8% MoM and by 8.7% YoY. According to the customs statistics, revenue totaled $11 million, up by 77.2% MoM and by 20.1% YoY. In January-March Russia exported 21.9 thousand tons of this scrap, down by 2.3% YoY, valued at $23…

Armenia: GeoProMining stops operations at Sotskoye deposits

goldBy admin29.05.2018Leave a comment

GeoProMining Gold, developing the Sotskoye deposits and owning the Ararat Gold-Extracting Factory, as well as Agarak Copper-Molybdenum Works, has stopped operations at the deposits. According to the company statement, the reason was the activities of other people. In particular, on May 17-18 and May 22 a group of people, consisting mainly of local criminal elements,…

Russia: Rusal reminds of buying aluminum to state reserve

RusalBy admin29.05.2018Leave a comment

Rusal, affected by US sanctions in early April, has suggested the state to start purchasing aluminum into reserves, having returned to the idea it voiced several years ago on the background of weak market situation. “The government is thinking it over”, a source in the government reported. And this is not the only way to…

Russia: Logistic LLC to increase coal transportation

coalBy admin29.05.2018Leave a comment

This year OGK Logistic LLC intends to increase monthly transportation of coal 2-fold, to 240 thousand tons. Since January the company has been transporting coal from Solntsevsky Coal Pit in Sakhalin region on behalf of the Vostochnaya Mining and Ore Company LLC. The increase in transportation has to do with the growth of coal output…

Russia: Nornickel and Murmansk region to support Kola Company

Kola, Norilsk NickelBy admin29.05.2018Leave a comment

Murmansk region will support the Norilsk Nickel investment project to reconfigure the manufacture at the Kola Iron and Steel Company valued at 25.7 billion rubles. According to the contract, signed by the parties, the project will cover 5 years (2018-2023) and all the Nornickel manufacturing sites in Murmansk region: Zapolyarniy, Nickel and Monchegorsk. As the…

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