Russia’s gold production rose about by 6.8% YoY, to 317.660 tons in 2017, Sergei Kashuba, chairman of the Union of Gold Producers of Russia, said on March 6. Gold producers raised their output by 6.4%, to 254.216 tons in 2017, while by-product gold production gained 11.6%, to 16.459 tons, gold scrap production went up by…
The cost of gold decreased by 5.53 manats (0.25%), to 2249.9633 manats per troy ounce in Azerbaijan on March 6, according to the data published by the country’s Central Bank. The cost of silver decreased by 0.6%, to 27.9995 manats per ounce, platinum by 0.6%, to 1637.2983 manats, and the cost of palladium decreased by…
AzovElectroStal (Mariupol) asks the Ministry of Ecology to allow it operating without a gas filter. The company is asking for a term of 7 years, within which it will take all the required environmental measures. The locals are against. In 2014-2017 the company was not operating, and the number of employees dropped from 6 thousand…
The Novogrodovskaya 1-3 and Rossiya mines have been sold to a new owner. According to the sources, Valery Atanov, a businessman from Makeevka, represented Eduard Bondarenko, chairman of Donbassenergo, who confirmed his relation to both mines. “By July we are prepared to put a new long face into operation at Novogrodovskaya , which will provide…
The Volgograd-based Spetsmetall-Volga has filed a claim to the Arbitrary Court of the Volgograd district asking to declare the Volgograd machine-building company VgTZ LLC insolvent. Because of the large debt the company, which is a part of the Tractor Works concern, could be declared bankrupt by the court. The debt amounts to 1 million rubles.…
A new shift of 39 drillers has arrived at Dixon. They will be responsible for the second stage of prospecting at the Reka Lemberova site. The site is close to another site, where in 2016 the Malolemberovskoye deposit was discovered. In 2017 VostokUgol obtained a license for coalmining there. (Ukrainian metal)
Dalnevostochnie Resursy (Far East Resources), extracting gold on the territory of Ulchinsk and Nikolayevsk districts of Khabarovsk territory, has begun preparations to the washing season. The season will start on April 25 – May 9, depending on the weather conditions. In 2016 the company obtained 1140 kg of gold, and last year – 1100 kg.…
A Group is expanding the territory of its activities and is opening a subsidiary in the city of Bryansk. The goal of the subsidiary will be to stock and supply pipes and rolled metal of the major Russian manufactures to the customers in the Bryansk and nearby regions. The size of the warehouse allows stocking…
