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The Russian government will buy up to 50,000 tons of aluminum or more from UC RUSAL if the company’s exports are hit with sanctions, Industry and Trade Minister Denis Manturov declared. Earlier the government signed a ruling to allocate up to 10 billion rubles for the Federal Agency for State Reserves to buy up to…
DetailsOn November 26 Lvivugol received funds from the sale of coal. All the money was spent to pay salary to miners for October. Still, the funds were enough only to cover 10% of the salary. (Ukrainian metal)
DetailsPrecious metal prices varied in Azerbaijan on November 29, according to the data published by the Central Bank. The price of gold increased by 17.6885 manats, to 2,082.721 manats per ounce on November 29 compared to the price on November 28. The price of silver grew by 0.3613 manats, to 24.4248 manats per ounce. The…
DetailsThe company Ametistovoye has won an auction to use the Ivolga ore gold and silver deposits. The deposit is situated in Kamchatka close to the Ametistovoe Mining and Processing Works. The size of the Ivolga site is 206.38 square km. According to the auction documentation, the R2 resources are estimated at 9 tons of gold…
DetailsZagorsky Pipe Works is starting a project to develop transport logistics of Moscow region. The project includes the commission of the new railroad line to connect two existing lines. The first line is from the plant o the Buzhaninovo station and the second from the Sergiev-Posad Glassware Works to the Naugolnaya station. The project will…
DetailsMetalloinvest has continued implementing its project to modernize Pellet Plant No. 3 (PP-3) at Mikhailovsky GOK. The first stage of modernization was carried out on PP-3’s operational design in order to increase the efficiency of pellet production from mixes of iron ore concentrates from Mikhailovsky GOK and Lebedinsky GOK. As a result, PP-3’s productivity grew…
DetailsRussian gold producer Polymetal International has consolidated 100% the Nezhdaninskoye in gold ore deposit, after buying an 82.3% stake from companies owned by businessman Ivan Kulakov, Polymetal said in a report on November 29. The purchase encompassed two deals: the acquisition of 7% for $8 million in cash under a deal announced on July 17,…
DetailsNLMK-Kaluga has set a new manufacturing record – 166 smeltings with one ladle. Measures to increase the number of smeltings, together with other projects to improve manufacturing efficiency, allowed the company saving over 450 million rubles in Q3. The smelting record was set in November. The time of continuous casting was 115 hours. The total…
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