Kopy Goldfields AB decided to sell rights to develop Kopylovsky project deposits. The deal estimated at $6 million is expected to be finalized in Q3. The Kopylovsky project comprises 4 deposits in Irkutsk region: Kopylovskoye, East field, as well as Pravovesenniy and Takhtykan sites. The licenses to develop the deposits are owned by Kopy Goldfields…
Rosterminalugol, the largest specialized coal terminal in the European part of Russia, has handled 11 million tons of coal since the beginning of the year. The 11-millionth ton was loaded onto the Miho Pracat. The 149th vessel since the start of the year is bound for India. Last year the 11-millionth ton was loaded on…
Mechel and Gazprombank are negotiating the attraction of investors to the Elginskoye deposits (Elga), but do not expect to find any this year. The share of Mechel in the project is 51%, and Gazprombank – 49%. Main negotiations are carried out with companies interested in supplying coal to their enterprises in South-East Asia. (Ukrainian metal)
Russian businessman Oleg Deripaska, who was included in a sanctions list by the U.S. earlier this year, has turned down the support of Promsvyazbank due to unfavorable lending conditions. Oleg Deripaska has refused state lending via Promsvyazbank. The lending conditions, offered by the state bank, including the rate, were unacceptable, sources reported. A representative of…
Eurasian Economic Committee has started an antidumping investigation on the imports of galvanized metal from Ukraine. The investigation was started on the basis of the claim from MMK, NLMK and Severstal, which accounted for 50% of rolled metal manufactured in January 2014 – December 2017. The companies claimed that in 2017 rolled metal was supplied…
The price of one ounce of gold decreased by 26.792 manats or by 1.26% last week. Accordingly, the average price of one ounce of gold stood at 2,135.8099 manats. The price of one ounce of silver decreased by 0.4361 manats or by 1.59%, to 27.5367 manats. Last week the price of one ounce of platinum…
In 10 year Kazakhstan has invested 1.4 trillion tenge in the development of gold deposits. According to the Committee on geology and subsoil use, the state balance of natural resources has 343 gold deposits. The country occupies the 14th place in the world on confirmed and industrial reserves of gold. Last year Kazakhstan produced 85…
In April, according to the customs statistics, Russia exported 490 thousand tons of ferrous scrap to Turkey, up by 26.5% MoM and by 33% YoY. The average price on the Russian border was $280.5 per ton, up by 5.2% MoM and by 23.2% YoY. In January-April ferrous scrap exports totaled 1.6 million tons, up by…