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Author Archives: admin

Russia: Trans-Siberian Gold revenue up in H1 2019

gold, silverBy admin23.09.2019Leave a comment

In January-June Trans-Siberian Gold Plc, developing the Asachinskoye gold deposit in Kamchatka, increased its revenue by 8.7% YoY, to $30 million. Gold sales grew by 7.8%, to 22.1 thousand ounces and silver – by 125%, to 69.3 thousand ounces. Capital investments dropped 2.4-fold, to $3.9 million. Profit increased 2.3-fold, to $6.1 million. As of June…

Russia: Novaya miners team exceeds gold output plan

goldBy admin23.09.2019Leave a comment

As of September 19, the Novaya miners team LLC, operating in the Republic of Sakha, Yakutia, has extracted 220 kg of gold. The company quota for the year is 150 kg. Operation at the main license site – Nizhnyaya Amunakta – started in late May. In 2018 the company extracted 224 kg of gold. (Ukrainian…

Russia: nickel matte exports up in July 2019

nickelBy admin23.09.2019Leave a comment

In July Russia exported 19.2 thousand tons of nickel matte to Finland, up by 183% YoY. In 7 months exports totaled 86.9 thousand tons, up by 75.3%. In monetary terns since the start of the year the exports have increased by 37.1%. Export prices dropped to $6.5 per kg. (Ukrainian metal)

Azerbaijan: precious metals market on September 16-20, 2019

precious metalsBy admin23.09.2019Leave a comment

Last week the price of one ounce of gold increased by 0.4675 manats or by 0.02%. Accordingly, the average price of one ounce of gold stood at 2,551.7102 manats. The price of one ounce of silver grew by 0.0184 manats or by 0.06%, to 30.3462 manats. The price of one ounce of platinum decreased by…

Azerbaijan: Anglo Asian Mining to start gold production in new fields

Anglo Asian MiningBy admin23.09.2019Leave a comment

Mining industry is one of the leading sectors in Azerbaijan’s economy. It holds the largest share in the industrial production of the country. Gold producer in Azerbaijan – Anglo Asian Mining Company is planning to start gold production in new fields. Electromagnetic prospecting showed that there was a new field in the vicinity of Gadabay.…

Russia: pig iron exports down in January-July 2019

pig iron exportBy admin23.09.2019Leave a comment

In January-July Russia exported 2.63 million tons of pig iron, down by 21.6% YoY, valued at $915 million, down by 25.6%. USA accounted for 45% of purchases, down by 31.3%. Italy decreased imports by 44.3%, to 18%, while Turkey increased by 50.2%, to 13.6%. The main exporters of pig iron are Ural Stal, Tulachermet and…

Russia: semis imports from Ukraine down in July 2019

semi-finished steel productsBy admin23.09.2019Leave a comment

In July Russia imported 31 thousand tons of steel semi-finished products from Ukraine, down by 40% MoM. In July 2018 imports did not exceed 25 tons. In February-April monthly deliveries were below 40 thousand tons. In January-July imports totaled 257.8 thousand tons, down 2.8-fold YoY. Average price in July was $408.6 per ton without VAT.…

Russia: magnesium imports up in July 2019

manganeseBy admin23.09.2019Leave a comment

In July Russia imported 903.6 thousand tons of magnesium, including scrap, up by 20% MoM and by 267% YoY. Deliveries from China grew to 790 tons from 752 tons. Another supplier was Hong Kong – 108 tons. In 7 months imports totaled 5.4 thousand tons, up by 67.4% YoY. In monetary terms since the start…

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