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Author Archives: admin

Kyrgyzstan: KAZ Minerals exports 10 tons of gold concentrate

gold, Kaz MineralsBy admin29.05.2018Leave a comment

Since 2015 KAZ Minerals Bozymchak has exported 9,760 tons of gold concentrate from Kyrgyzstan, the State Service for Combating Economic Crimes reported. The audit report of the Accounting Chamber confirmed the data. “In December 2017 the Investigation Department of the State Service for Combating Economic Crimes instituted criminal proceedings under the article “Abuse of power…

Russia: UMMC eager to cooperate with Iran in mining industry

UMMCBy admin29.05.2018Leave a comment

A Russian metallurgical company based in Verkhnyaya Pyshma, the second largest copper producer in Russia, has expressed willingness to cooperate with Iran in the country’s mining sector. “We can cooperate with Iran in various fields by having access to Iran’s projects,” Sergo Kurbanov, an official with UMMC (Ural Mining and Metallurgical Company) said during a…

Kyrgyzstan: Chinese investors not to demand compensation for damages

goldBy admin29.05.2018Leave a comment

Representatives of the Chinese gold mining company, GL Makmal Developing LLC, will not demand from the government of Kyrgyzstan the compensation for the damages so far. According to them, the preliminary amount of damage is $2.3 million. “But we do not put forward demands. We are waiting for the interdepartmental commission to finish its work.…

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,…

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…1,4071,4081,4091,4101,411…
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