Kazakhstan: gold output up in January-October 2017

In January-October the quantity of unwrought gold extracted in Kazakhstan equaled to 70.248 kg, up by 15.5% YoY.

According to the Statistics Committee of the Kazakh Ministry of National Economy, in the reporting period the output of unwrought silver amounted to 870,911 kg, down by 12.8% YoY. (Kazinform/Ukrainian metal)

Russia: Tagmet net loss down in Q3 2017

In Q3 Taganrog Iron and Steel Works received the net loss of 36.8 million rubles. In Q2 the net loss was 357 million rubles. And in Q3 2016 – 635 million rubles. In January-September Tagmet received 452 million rubles of losses, down from 962 million rubles in January-September 2016. Tagmet revenue in Q3 increased by…

Azerbaijan: gold output up in January-October 2017

In January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY.

According to the State Statistics Committee, in October gold output totaled 672.9 kg.

In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)

Russia: VSMPO-Avisma net profit down in January-September 2017

In January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles.

Revenues decreased by 775 million rubles, to 55.1 billion rubles.

Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)

Russia: KMEZ assembles new electrolysis baths

Kyshtym Electrolytic Copper Plant has finished the assembly of two additional rows of electrolysis baths within the program to increase copper cathode capacities.

Each row includes 40 ferroconcrete baths.

The project will increase cathode output by 16.7%, to 140 thousand tons per year.

Investments in the modernization are estimated at 420 million rubles. (Ukrainian metal)

Kyrgyzstan: Kumtor produces 12.5 tons of gold

Centerra Gold Inc. (Centerra) and Kumtor Gold Company (KGC) have summed up their operating results in 9 months of 2017. KGC produced 404,584 ounces or 12,583.98 kg of gold, Public Relations Department of Kumtor Gold Company reported. During the third quarter of 2017, Kumtor produced 138,561 ounces of gold compared to 166,030 ounces of gold…

Ukraine: Corum produces anchoring for DTEK

The Corum Druzhkovka Machine-Building Works has supplied 162 sections of anchoring to the Dalnyaya mine, a part of Donskoy Antrazit (DTEK). According to the company statement, this is the largest anchoring order this year. “Similar anchoring is already successfully used at the mine. We made the first delivery in 2013, and the second order is…

Russia: Sibuglemet competition toughens

Evraz might get competitors in the purchase of Sibuglemet, which it has been managing since 2015. In December VEB will hold a competition to manage the holding in Kemerovo region. It had to be hold in summer, but was postponed due to no interest except for on behalf of Evraz. But the new sales already…

Kyrgyzstan: Kumtor workers call MPs terrorists

The members of the Parliament did not like being called terrorists because of Kumtor, Saidulla Nyshanov said at a session of the Parliament on November 16. The deputies discussed scandalous amendments to the Water Code permitting work on Davydov and Lysyi glaciers. Deputies also visited Kumtor, as well as representatives of the government and the…