Prices of gold and silver increased in Azerbaijan on June 7 compared to the previous prices. The price of gold grew by 16.677 manats, to 2,265.93 manats per ounce. The price of silver went up by 0.2399 manats, to 25.303 manats per ounce. The price of platinum dropped by 25.211 manats, to 1,368.4065 manats per…
Most of the licenses were issued in Kyrgyzstan for development of mineral resources – 1,273, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use Myrza Zhamanbaev reported. According to him, 917 licenses have been issued for mineral exploration, and 230 – for prospecting. In total, over the years of independence, 2,420 licenses…
In 2018, taking into account tenders and auctions, revenues to the republican and local budgets from the work of mining enterprises amounted to 10,687 billion soms, the State Committee for Industry, Energy and Subsoil Use presented such data. According to the committee, as of today, the industry employs more than 18,000 people. The volume of…
The Russian metal trade fair trio Tube Russia, Metallurgy Russia and Litmash Russia took place together at the Moscow exhibition center Krasnaya Presnya on May 14 to 17. 270 companies from 20 countries presented technological innovations and solutions for the requirements of industry 4.0. Next to Russia and its neighboring Eastern European countries, exhibitors primarily…
In April, Armenia produced 1210 tons of molybdenum concentrate, down by 10.4% MoM, but up by 27.5% from the 2018 average level. Ferromolybdenum manufacture increased by 3.3% MoM and by 25.3% YoY, to 683 tons. In January-April, molybdenum concentrate output grew by 15% YoY, to 4250 tons, while that of ferromolybdenum – by 5.8%, to…
In 2018 Uralelectromed produced 400 thousand tons of copper cathodes, up by 5.8% YoY. This is the highest result in the company 85 years of operation. The output increase is due to the copper electrolysis second stage commissioning. Last year copper wire rod output increased by 13%, to 170 thousand tons. The company has also…
Magnitogorsk Iron and Steel Works (MMK) has partnered with Deloitte CIS to create a digitalization strategy for the company. The agreement was signed during the St. Petersburg International Economic Forum. MMK has decided to update its digital portfolio as part of the company’s overall development strategy up to 2025. To do this, Deloitte CIS will…
Magnitogorsk Iron and Steel Works (MMK) and the government of the Samara region have agreed to build a production and logistics center in Togliatti. Investments in the facility will reach 1.2 billion rubles. The agreement was signed during the St. Petersburg International Economic Forum (SPIEF). The governor of the Samara region Dmitry Azarov, Chairman of…