Precious metal prices varied in Azerbaijan on December 24. The price of gold increased by 8.007 manats, to 2,148.9955 manats per ounce on December 24 compared to the price on December 21. The price of silver decreased by 0.0301 manats, to 25.0449 manats per ounce. The price of palladium dropped by 34.4845 manats, to 2,108.34…
It is proposed to introduce a moratorium on alluvial gold mining in Kyrgyzstan, the expert, co-founder of Chatkal Development Fund, Gamal Soronkulov, declared. According to him, the extraction of alluvial gold causes serious damage to the environment. “Since 2004, we have been fighting with alluvial gold mining companies. None can prove that they benefit, none…
Zhezkazgan copper-smelting plant of Kazakhmys Smelting LLP has resumed work at full capacity: the second ore-smelting furnace has been launched. Since 2009, the enterprise has been operating only one furnace due to the lack of raw materials for full load. Now, after a long break, the plant has returned to full operation. “In almost ten…
The price of one ounce of gold increased by 37.9885 manats or by 1.79 YoY last week in Azerbaijan, to 2,121.9757 manats. The price of one ounce of silver grew by 0.3122 manats or by 1.26%, to 24.9105 manats. The price of one ounce of platinum went up by 16.4815 manats or by 1.24%, to…
Polymetal International plc has completed the deal to exchange its Tarutinskoye deposits in Russia for an 85% share in the Vostochno-Tarutinskoye deposits in Kazakhstan without additional payment. The deal was announced on April 16. “The Vostochno-Tarutinskoye is a good addition to our Varvarinskoye enterprise, which will simplify operational management by removing difficulties with transferring ore…
Elgaugol LCC is assembling 2 powerful excavators at its Elga coal complex. Investments in the project totaled 1.8 billion rubles. The excavators have been produced and supplied by Uralmashzavod. The assembly of the EKG-18 excavator with the ladle size of 18 cubic meters will be complete in late January 2019, while the commissioning of the…
Severstal Steel Decisions is participating in several major construction projects at once. In particular, the company has won a tender to supply metal structures for the construction of the Kola Iron and Steel Company in Murmansk region. Severstal Steel Decisions also got an order to supply metal structures for the construction of a mini heat…