Last week, the price of one ounce of gold increased by 13.6595 manats or by 0.6%. Accordingly, the average price of one ounce of gold stood at 2,387.2233 manats. The price of one ounce of silver went up by 0.1804 manats or by 0.7%, to 25.707 manats. The price of one ounce of platinum grew…
Only 109 parliament members voted in favor of the decree No. 10307. The decree presupposed amendments to the state budget of Ukraine by increasing expenses on the state mines under the program to restructure the coal industry. The parliament members, who supported the decree, believed that without new country leadership Donbass state mines would have…
Since the start of the season, the Vitim team of miners, developing alluvial gold sites in Irkutsk region, has extracted 885 kg of the precious metal, down by 2.2% YoY. This year the company intends to obtain 2800 kg of gold. Thus, so far the output target has been 32% fulfilled. The washing season will…
Olkon has purchased a license to develop the Central site of the South-Kakhozerskoye deposit. The site is situated close to quarries already under development. The reserves of the site are some 6.8 million tons of ore. The work on the Central quarry will begin in 2020. Two dump trucks, an EKG-12 excavator and a drilling…
In May-June Maristyi LLC extracted 139.9 kg of alluvial gold in Amur region, down by 9% YoY. In the past three years the company has considerably increased output. Thus, in 2016 it extracted 411.3 kg of gold, in 2017 – 461.7 kg and in 2018 – 514 kg. The company does not disclose the amount…
Chelyabinsk Zinc Works has become one of the 5 finalists of the Industry-2019 award. The company developed the manufacture of indium of the highest purity (99.9999%). The technique to produce 600 kg of indium per year was developed and implemented in 2017. Since then the company has produced some 250 kg of indium. (Ukrainian metal)
Metinvest has transferred shares of the enterprises, remaining on the occupied territory, to a separate company. One of the plants is already being bankrupted. The shares have been transferred to Sitler Management Limited (Cyprus). The company is 100% owned by Metinvest B. V. The names of the enterprises, the shares of which were transferred, were…
NLMK Lipetsk has launched a recovery complex to capture and process chemical by-products from coke and chemical operations. The project will enable an increase in the production of raw materials for the chemical industry and for agribusiness, and halve the shop’s air emissions. Denis Manturov, Minister of Industry and Trade of the Russian Federation, and…
