Azerbaijan’s AzerGold CJSC sold a batch of gold and silver on the world stock exchange, gaining profit worth $20.905 million (35.6 million manats). “72 gold-silver alloys extracted by AzerGold at the Chovdar mining complex processing gold-bearing ores in Azerbaijan’s Dashkesan district were sent for refining to the world-renowned Argor-Heraeus gold refinery in Switzerland,” AzerGold said…
Ak-Tyuz processing plant will resume its work on condition of payment of salaries to its employees, the Chairman of the Central Committee of the Mining and Metallurgical Trade Union of Kyrgyzstan Eldar Tadzhibaev declared. According to him, the day before, negotiations with the management of Georezerv TK CJSC lasted till night. They promised to pay…
The state enterprise Lvivugol has received 4 million UAH to purchase equipment and modernize mines. According to the Lviv regional state administration press-service, the money in the first place will be used to modernize the Vozrozhdeniye, Lesnaya and Stepnaya mines. This will increase Lvivugol output and improve coal quality. This year the Ministry of energy…
In the second half of the year Ormet, a part of Russian Copper Company, will start mining for chalcopyrite ores at the Luchistoye deposits in the Orenburg region. The company has already started constructing the quarry with the capacity of 55 thousand tons of ore per year. The deposits reserves are estimated at 112 thousand…
ArcelorMittal Temirtau has put into operation its sintering machine No. 6 after an overhaul. The company spent some 3 billion tenge on repairs. The overhaul was carried out in 75 days. Last year AMT repaired its sintering machine No. 7. Next year sintering machine No. 5 will be repaired. (Ukrainian metal)
Interpipe Ukraine LLC has won the tender of Ukrgazvydobuvannia to supply 18.71 thousand tons of casing pipes valued at 905.986 million UAH. According to the ProZorro system, other two lots for the delivery of 4.19 thousand tons of pipes valued at 205.9 million UAH were won by Bilis LLC. In the course of the auction…
In May average Ukrainian export price of iron ore decreased by 24% MoM, to $59.1 per ton, while exports grew by 4%, to 3.7 million tons. In January-May iron ore exports dropped by 11% YoY, to 15.7 million tons. Deliveries to local metal works in May increased by 1% MoM, to 2.694 million tons. In…
Zagorsky Pipe Works and POSCO have become strategic partners. According to ZTZ press-service, the companies have signed an agreement on the delivery of rolled sheet for the manufacture of large diameter pipes. The decision to become partners has been taken after POSCO supplied 10 thousand tons of X70 steel sheets in March-April. ZTZ specialists liked…