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In 2018 Petropavlovsk plc decreased gold output by 3.9% YoY, to 422.3 thousand ounces. This year the company expects to produce 450-500 thousand ounces. Petropavlovsk is among 5 largest gold producers in Russia. Its main assets are in Amur region: Pokrovsky mine, Pioner, Malomyr and Albyn. (Ukrainian metal)
DetailsIn 2018 Russia produced 61.6 million tons of rolled metal, up by 1.9% YoY. In December 2018 output dropped by 1.2% YoY, but grew by 6.8% MoM. According to the Federal Service of State Statistics, pig iron manufacture fell by 0.6% YoY, to 51.8 million tons. December 2018 saw the increase in output by 2.6%…
DetailsZaporozhye Ferro Alloys Plant and Nikopol Ferroalloy Plant have concluded agreements with Tolkachevsky Mining and Processing Works for the delivery of quartzite valued at 46 million UAH each. TGOK will also supply quartzite to Sentoza LLC for 32.7 million UAH. Combined the enterprise will sell 124.7 million UAH worth of raw materials. (Ukrainian metal)
DetailsIn 2018 Sukhaya Balka increased iron ore output by 8.4% YoY, to 2.725 million tons. In December 2018 the enterprise produced 238 thousand tons of ore. In 2017 the output dropped by 2% YoY, to 2.513 million tons. (Ukrainian metal)
DetailsGold and silver prices decreased in Azerbaijan. The price of gold dropped by 3.0515 manats, to 2,178.822 manats per ounce on January 24 compared to the price on January 23. The price of silver fell by 0.0824 manats, to 26.052 manats per ounce. At the same time the price of platinum grew by 9.741 manats,…
DetailsAccording to the president order dated January 17, the Navoi Mining and Processing Works will soon be divided into two enterprises – the state enterprise to mine and process uranium, and a joint-stock company to mine and process precious metals. The latter will be given to the trust management. A road map to reorganize the…
DetailsIn 2018 Kazakhstan produced 97.429 tons of gold, up by 14.2% YoY. According to the Statistics Committee of the Ministry of the National Economy, silver output dropped by 8.6%, to 968.941 tons. (Ukrainian metal)
DetailsAt its manufacturing site in Verkhnyaya Salda in Sverdlovsk region, VSMPO-Avisma has commissioned a new site of bulk titanium rings treatment. Such rings are used in aviation engines. In 2018 the Fund of the industry development supported the corporation and provided it with 70 million rubles, with 30 million rubles more given by the Fund…
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