The prices of precious metals varied in Azerbaijan on June 14, according to the data published by the Central Bank. The cost of gold increased by 7.6415 manats, to 2,209.082 manats per ounce compared to the price on June 13. The cost of silver increased by 0.3063 manats, to 28.9073 manats per ounce. The cost…
In January-May Khabarovsk region yielded 7232.7 kg of gold, up by 12.4% YoY. Resursy Albazino LLC, a part of Polymetal, has provided for 40% of the total volume. The company is mining for gold at deposits of the district named after Polina Osipenko. Alluvial gold accounted for 443.7 kg of the total volume, down by…
In May MMK decreased railroad transportation of rolled metal by 11.6% YoY and by 3.4% MoM, to 829 thousand tons. In January-May railroad shipping of metal from MMK increased by 3% YoY, to 4.44 million tons, the highest result in the past 4 years. Deliveries to domestic customers grew by 13%, to 2.85 million tons,…
According to Mikhail Volynets, the chairman of the Independent Miners’ Union of Ukraine, there are partial salary debts to Selidovugol miners for 2015 and 2017. “The miners have blocked the Moscovskaya Street in the town of Selidovo. This road leads south in the direction of Mariupol, Zaporozhye and Krasnogorovka. Some miners want to go to…
The acting director of the United Mining and Chemical Company Alexander Gladushko believes the state ownership limits the enterprise development. “The taxation base is a burden for state companies. It considerably limits the spending on modernization, and the company itself has limited opportunities on reconstruction”, he said. He believes, that the private ownership will allow…
Sumgayit Technology Park (STP) has delivered a large batch of cables to Tajikistan. The products were delivered as part of the reconstruction work in the Roghun hydroelectric power station. The company shipped two types of cables: control cables and low voltage cables (up to 1 kV). Earlier, STP delivered the first batch of power cables…
In May, according to the railroad statistics, direct supplies of ferrous scrap to NLMK-Kaluga totaled 138 thousand tons, up by 23.6% MoM and by 2.2% YoY. In April the results were +45.6% and -7.5%, and in March -8.6% and +31.3% respectively. In January-May the company received 498.8 thousand tons of scrap, up by 14.7% YoY.…
Irkutskgeofizika, a part of the state geological holding Rosgeologia, has started the summer field season with the prospecting works at the Okino-Iyskaya territory in Irkutsk region. The goal of the project is to locate and evaluate R1 and R2 gold resources. The project will be completed in Q4 2020. (Ukrainian metal)