PM Nikol Pashinyan has presented details surrounding the existing situation at the Teghut Copper and Molybdenum Mine (Lori province) and the Alaverdi Copper Smelting Plant. Speaking in parliament, the PM presented how the situation developed in the first place. According to Pashinyan, the VTB Bank lent $380 million to the Teghut mine and Vallex Group,…
The Teghut mine might get re-launched, according to Minister of Economic Development and Investments Tigran Khachatryan. When asked about the chances of Teghut resuming operations, the minister said: “Yes, there is hope, nothing is hindering them to start restoration works after clarifying their relations with the bank,” he said. In 2017, Teghut produced and exported…
Last year copper ore mining reached 103.2 million tons, up by 8.2% YoY.
Copper concentrate output grew by 15.7%, to 12.9 million tons, and copper in copper concentrate – by 15.5%, to 580.6 thousand tons.
At the same time copper-zinc ores mining dropped by 4.2%, to 4.8 million tons. (Ukrainian metal)
Over the past year, mining of copper ore rose by 8.2% YoY, to 103.2 million tons. The country produced 12.9 million tons of copper concentrates (+15.7%), 4.8 million tons of copper-zinc ores (-4.2%), and 580.6 thousand tons of copper in copper concentrate (+15.5%). The main copper ore miners are East Kazakhstan (37% of the total…
In January-November 2019 Russia exported 758.5 thousand tons of primary copper valued at $4830 million, up by 12.7% and by 19.3% YoY respectively.
In November 2018 the price of primary copper was $5957 per ton, down by 9.2% YoY.
The price of copper wire rod (wire) was $6083 per ton. (Ukrainian metal)
In the town of Sibay (Republic of Bashkortostan) a copper quarry will be flooded in 5-7 days. According to the mayor Rustem Afzalov, at present oxidizing processes in the quarry are being eliminated. In order to completely eliminated fires there it was decided to partially flood the Sibay quarry and the Novosibay mine. In a…
The State Expertise Service has approved the project to construct a mine at the Yubileynoye deposit. It is expected that 78,399 cubic meters of rock will be in development for 7 years. The reserves of the deposit are over 100 million tons of copper ore. At present Bashkirskaya Med LLC is developing some parts of…
The volume of private investments into the gold-copper deposit Peschanka in Chukotka Autonomous District will reach 268 billion rubles.
3 thousand jobs will be created.
The Peschanka JORC resources are 9.5 million tons of copper and 16.5 million ounces of gold. (Ukrainian metal)
Raw copper and copper alloys exports in January-September dropped by 6% money-wise and by 17% volume-wise, all YoY. In 10 months Kazakhstan mined 85.5 million tons of copper ores, up by 5.4% YoY, 10.4 million tons of copper concentrate, up by 10.9%, and 4.1 million tons of copper-zinc ores, down by 1.7%. Kazakhstan is the…
Magadan region can offer gold-extractors to additionally develop its non-ferrous metals deposits. Copper extraction is a promising business in the region. Its reserves are estimated at 44 million tons. The region also has some reserves of lead, tungsten and other non-ferrous metals. Copper could be exported, as it was not hit by the sanctions. (Ukrainian…
A number of foreign investors have shown their interest in constructing copper-smelting facilities. According to the acting Prime Minister Nicol Pashinyan, such a project is very important for the country, as it will allow processing ore on the spot, without exporting it. At the same time, the finished products could find their customers not only…
The Federal Agency on subsoil use has announced an auction for the development and extraction of bismuth-containing copper-cobalt ores at the Western site of Kara-Jul ore lode in the Republic of Altai. The initial price of a 20-year license will be 413.07 million rubles. The Moscow-based company Altairudametall owned the license in 2006-2015. But the…
In January-August Russia exported 540 thousand tons of copper valued at $3551 million, up by 11.3% and by 27.9% YoY respectively. The volume of primary copper exceeded 80%. In August the average primary copper price was $5897 per ton, down by 9.4% YoY. Copper wire rod price was $6196 per ton, up by 4.3%. (Ukrainian…
The manufacture of rolled copper by Russian works is based on domestic consumption and almost does not depend on external factors (LME cathode prices, world industry growth rates, etc.). According to the Institute Tsvetmetobrabotka CEO Yuri Raikov, in 2014-2017 copper exports dropped 2-fold, while imports – by 35-40%. The share of the competitive products in…
Russian Prime Minister Dmitry Medvedev has signed a ruling to hold a 413.07-million ruble auction.
The right to develop the Zapadny Kara-Kulsky bismuthiferous copper and cobalt ore site in the Altai region will be sold, according to the ruling published on the government’s website on October 2. (Prime/Ukrainian metal)
The State Service of Geology and Subsoil of Ukraine has put on sale on February 12, 2019 a number of licenses to develop subsoil. In particular, one of the auctioned lots will be a special license for the Prutovskoye sulfide copper-nickel ore deposits in Zhitomir region. The starting price will be 9.737 million UAH. (Ukrainian…
In January-August copper output in Kazakhstan grew by 0.2% YoY, to 0.28 million tons, with 0.042 million tons produced in August, up by 9% MoM. According to the statistics committee, zinc manufacture grew by 0.8%, to 0.22 million tons. In August output decreased by 1.4% and by 3.7% YoY. The largest non-ferrous metals manufacturers in…
A major mineral exploration project is being implemented in Kazakhstan’s Karaganda region in cooperation with foreign investors. An Australian-UK concern, the name of which was not disclosed, allocated 9 billion tenges to search for minerals. The total exploration area is 17,000 square meters. The exploration is carried out at sections in Balkhash-Saryshagan and Korgantas regions.…
The Kristall Non-Ferrous Metallurgy Works, situated in the North Osetia, will be restored by S7 Group. The works used to be the only producer of the vacuum cooper in the country. The operation of the works started in 1967. All the machinery has been retained since the suspension of operations in 2012. Moreover the specialists…
Karaganda region governor Yerlan Koshanov surveyed the Sary-ArkaCopperProcessing, the cathode copper plant, that started its work in the test mode in Shetsky district, Karaganda region, the governor’s press service reports. Constriction of the plant worth more than $14 million started in 2016. Now it is operating in the test mode. The pilot batch of its…
In January-July Ukraine imported $51.894 million worth of copper and copper wares, up by 9.4% YoY.
According to the State Fiscal Service, exports grew by 38.5%, to $100.8345 million.
In July Ukraine imported $9.328 million worth of copper and copper wares, and exported – for $13.268 million. (Ukrainian metal)
In January-April Russia exported 281.9 thousand tons of copper valued at $1922 million, up by 16.9% and by 43.1% YoY respectively.
Primary copper accounts for 80% of deliveries.
In April the average price was $6766 per ton, up by 24% YoY.
Copper wire rod price was $6558 per ton, up by 21.6%. (Ukrainian metal)
Poliarm LLC intends to continue geological exploration at the Lichkvaz-Tey gold and copper deposits. Poliarm bought 100% of the Armenian company, owner of the license to develop the deposits, in 2015. JORC resources of the deposits are estimated at 600 thousand ounces (18.7 tons) of gold equivalent. The Lichkvaz contains 4.3 million tons of ore…