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Author Archives: admin

Belarus: BMZ borrows from Russian bank

Belarus Iron and Steel WorksBy admin07.05.2019Leave a comment

Belarus Iron and Steel Works has borrowed 5 million euro and $8 million from Novikombank, Russia. The funds are provided to purchase raw materials among other things. The parties have been cooperating since 2012. (Ukrainian metal)

Kyrgyzstan: development of uranium does more harm than good

uraniumBy admin07.05.2019Leave a comment

“Development of uranium brings more harm than economic benefits,” Orozbek Duisheev, head of the Association of Mining Operators and Geologists of Kyrgyzstan, said at public hearings on May 7. According to him, there is no uniform policy in the mining industry today. In the end, everyone does what he wants. And as the result, as…

Russia: Polyus Aldan produces 2 tons of gold

gold, PolyusBy admin07.05.2019Leave a comment

As of May 3, Polyus Aldan has produced 2 tons of gold, almost 10 days earlier than last year. The company is able to extract 70% of gold from ore with low gold content. This year Polyus Aldan will turn 95. (Ukrainian metal)

Russia: MMSK modernizing rolling stock

Mednogorsk Copper and Sulfur Works, Mednogorsk Copper-Sulfur WorksBy admin07.05.2019Leave a comment

The iron ore shop of the Mednogorsk Copper-Sulfur Works has received a new locomotive, assembled at the Shadrinsk Auto-Aggregate Works. The works started manufacturing such locomotives in early 2018. This is the fifth locomotive purchased by the MMSK to modernize its rolling stock. In 2014-2018 the works has modernized 4 locomotives. One more will be…

Russia: ferrous metals railroad transportation down in January-April 2019

Metal marketBy admin07.05.2019Leave a comment

In April, Russian railroad transported 107.1 million tons of cargo, down by 1.9% YoY. At the same time, in January-April, transportation grew by 0.1%, to 425.8 million tons. 39.4 million tons accounted for iron and manganese ore, up by 6.8%. Russian railroad transported 25.7 million tons of ferrous metals, down by 2.8%, as well as…

Ukraine: Kremenchug Metal Wares Works profits in 2018

Kremenchug Metal Wares WorksBy admin07.05.2019Leave a comment

In 2018 Kremenchug Metal Wares Works received net profit of 417 thousand UAH as opposed to net loss of 14 thousand UAH in 2017. The company net income grew by 10%, to 27.207 million UAH. Undistributed profit totaled 4.257 million UAH. (Ukrainian metal)

Azerbaijan: precious metals prices up on May 7, 2019

precious metalsBy admin07.05.2019Leave a comment

Prices of precious metals increased in Azerbaijan on May 7 compared to the prices on May 6. The price of gold grew by 0.5865 manats, to 2,180.5475 manats per ounce. The price of silver went up by 0.0905 manats, to 25.3462 manats per ounce. The price of platinum increased by 33.983 manats, to 1,500.3860 manats…

Kyrgyzstan: two uranium deposits with medium reserves available

uraniumBy admin07.05.2019Leave a comment

There are no large deposits in Kyrgyzstan, only two medium ones – Sary-Dzhaz area and Kyzyl-Ompol placer deposit, Karybek Ibraev, Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use, said on May 7 at public hearings. According to him, there are about 8,000 tons of uranium in Sary-Dzhaz area and some 13,000…

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