Azerbaijan: gold output up in January-October 2017

In January-October Azerbaijan produced 5107.5 kg of gold, up 3.2-fold YoY.

According to the State Statistics Committee, in October gold output totaled 672.9 kg.

In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15%. (Ukrainian metal)

Russia: VSMPO-Avisma net profit down in January-September 2017

In January-September the net profit of VSMPO-Avisma dropped by 30% YoY, or by 6 billion rubles, to 15.09 billion rubles.

Revenues decreased by 775 million rubles, to 55.1 billion rubles.

Fixed liabilities increased from 39.1 billion rubles to 64.7 billion rubles. (Ukrainian metal)

Russia: KMEZ assembles new electrolysis baths

Kyshtym Electrolytic Copper Plant has finished the assembly of two additional rows of electrolysis baths within the program to increase copper cathode capacities.

Each row includes 40 ferroconcrete baths.

The project will increase cathode output by 16.7%, to 140 thousand tons per year.

Investments in the modernization are estimated at 420 million rubles. (Ukrainian metal)

Kazakhstan: Japanese corporations eye mining sector

Japanese corporations are interested in joint projects with Kazakhstan on geological exploration of gold and copper, Kazakh Kazgeologiya said in a message. During the Japan-Kazakhstan business forum entitled “Investment opportunities in the regions of Kazakhstan” in Tokyo, the sides discussed investment projects in the mining and metallurgy, energy, chemical, and agrarian industries. Vice-Minister for Investments…

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Kazakhstan: AMT invests $1.3 million in special machinery purchase

Within its investment program ArcelorMittal Temirtau purchased special machinery valued at around $1.3 million for its Orken-Kentobe mine.

In particular 4 new BelAZs have been put in operation.

“The lifting capacity of the new machines is 55 tons. They have an increased passability and are completely computerized”, Orken-Kentobe transport director Sergey Shlepkin said. (Ukrainian metal)