The government of Armenia has agreed to accept as a gift 25% of the shares of the Zangezur Copper-Molybdenum Combine, according to a document published online. The Office of the Prime Minister of Armenia will be managing the shares once the contract and state registration of property rights is completed within 10 days. The Zangezur…
The State Commission on Stocks has approved and put on the state balance C1+C2 reserves of ore gold in the amount of 87.71 tons at the deposit named after Mikhailov in the Republic of Kabardino-Balkaria. Now, this is the largest gold deposit not only in the North Caucasus, but also in the European part of…
Dneprovskiy Iron and Steel Combine has begun capital repairs of its sintering machine No. 1. In particular, a new cover will be constructed to localize most of dust emission. As a result of the repair, output is expected to increase by 550 tons per day. Metinvest has channeled 80 million UAH in the repair. (Ukrainian…
In April-June, 281.2 thousand people were employed in the mining industry and the development of quarries, up by 1.7% YoY. In Q2 2020, the number decreased by 0.6%, to 276.4 thousand people. Karaganda region increased employment by 2.6%, to 56.8 thousand people. Aktyubinsk region had 41.3 thousand and Mangistau – 39.5 thousand. Average wages amounted…
In January-July, Russia extracted 233.79 tons of silver. Far Eastern regions accounted for 210.66 tons. In particular, Magadan region yielded 92.8 tons, Chukotka – 62.8 tons, Yakutia – 22.9 tons and Zabaikalye – 13 tons. Less than 10 tons was extracted in Khabarovsk region (8.8 tons), Kamchatka (4.9 tons) and Priamurye (2.7 tons). Sakhalin region…
In January-August, the state enterprise Vostochniy Mining and Processing Works decreased uranium concentrate output by 44.2% YoY, to 280.1 tons. Uranium ore output dropped by 17.8%, to 276.3 thousand tons. Concentrate price decreased by 40.4%, to 815.8 million UAH. (Ukrainian metal)
Metinvest-SMC LLC has won two auctions in the Prozorro. Public purchases system to supply 5.8 thousand tons of rail pads with the combined cost of 245.9 million UAH to Ukrzaliznytsia. In particular, the company has to supply 4.7 thousand tons of 1KB-65 pads for 199.8 million UAH and 1.080 thousand tons of 1KB-50/65 pads for…
In January-July, Russia produced 173.99 tons of gold, down by 1.3% YoY. Extracted gold accounted for 145.88 tons, down by 2.8%. In particular, Amur region decreased output by 30.2%, to 11.29 tons. Krasnoyarsk region produced the most gold – 32.29 tons, up by 2%, Magadan region – 25.15 tons, up by 3.5%, and Yakutia –…