Armenia: re-launch of Teghut mine possible

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…

Kazakhstan: copper ore mining up in 2018

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)

Kazakhstan: copper ore mining up in 2018

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…

Russia: copper exports up in January-November 2018

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)

Russia: 268 billion rubles to be invested in Peschanka

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)

Russia: Medvedev orders government to auction copper and cobalt ore site

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)

Kazakhstan: major mineral exploration project implemented

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.…

Ukraine: copper exports up in January-July 2018

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)

Russia: copper exports growing

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)