Gold-extracting companies in Amur region participated in auctions on the sale of 11 alluvial gold deposits on March 18. The Irmakit miners’ team paid 15.29 million rubles for the license to develop a site in the Grebneviy Brook valley with the expected reserves of 329.7 kg of gold. The price paid exceeded the initial price…
In January-February, Magadan region extracted 86.4 thousand tons of coal, down by 4% YoY. The output depends on the power complex needs. Coal in the region is mined to generate heating. This year, the region intends to mine 360 thousand tons of coal, down by 14.1% YoY. (Ukrainian metal)
According to Highland Gold Mining Limited, on March 10, the first gold ingot was produced at Kekura. The weight of the ingot, produced at the modernized machine, was 1.4 kg. Excavation began last October. The capacity of the machine is 120 thousand tons of ore per year. Extraction is expected at the level of 35%.…
This year, Primorye region will provide Dalpolymetal, one of the largest lead concentrate manufacturers, with a subsidy of 300 million rubles to compensate for the expenses on electricity. At the same time, the enterprise is expected to carry out modernization, purchase machines and increase output. The regional authorities are also prepared to subsidize machinery purchases…
In January, Russia imported 44.9 thousand tons of copper ore and concentrate, up by 7% MoM and by 11% YoY. Price grew by 7%, to $1043 per ton. Deliveries from Kazakhstan dropped by 19%, to 34.2 thousand tons, and the rest was supplied from Chile (10.7 thousand tons). In 2019, Russia imported 482.7 thousand tons…
Gazprombank has signed an agreement to sell a 49% stake in the Elginskoye project to company A-Property, the bank said in a statement on March 23. “Gazprombank has signed an agreement to sell a 49% stake in the Elginskoye project to company A-Property. The bank has always considered the Elginskoye to be an investment asset,…
A high-alert mode has been introduced on the territory of MMK Group enterprises, and special headquarters have been established under the leadership of the company CEO. The group is taking active measures to prevent the spread and reduce the risk of the coronavirus infection. During the current adverse conditions, the company has suspended foreign business…
Last week, the price of one ounce of gold decreased by 223.9 manats ($131.7) or by 8%. The average price of one ounce of gold stood at 2,556 manats ($1,503). The price of one ounce of silver dropped by 6.3161 manats ($3.7) or by 22%, to 21.8914 manats ($12.8). The price of one ounce of…