Last week the price of one ounce of gold increased by over 5.1 manats ($3) or by 0.5%. The average price of one ounce of gold stood at 2,498 manats ($1,469). The price of one ounce of silver grew by 0.2462 manats ($0.14) or by 0.85%, to 29 manats ($17). The price of one ounce…
DetailsOrsu Metals Corporation intends to carry out another estimation of the Sergeyevskoye gold deposit reserves in Zabaikalye region. The company has discovered new sources at the Koziy Severniy, Pik Klyuchi and Sergeyev sites. The operation at the deposit began in July. 13 shafts have been drilled with the combined length of 3,555 meters. The average…
DetailsIn 2020 Razrez Tugnuiskiy, a part of SUEK, intends to mine 5.2 million tons of coal at the Nikolskoye coal deposit in the Republic of Buryatia. Until the end of the year 4.645 million tons of coal will be shipped. As of late October the pit has extracted 3.645 million tons of coal, up by…
DetailsSeligdar has exceeded its annual gold output target in advance. As of November 22 the group enterprises have extracted 6.064 tons of gold. The Poisk miners team has exceeded its annual target by 180 tons, Ryabinoviy Mining Works – by 750 kg and Mezhsopochniy site – by 336 kg. Last year Seligdar extracted 6.056 kg…
DetailsKlyuchevsky Ferroalloys Works has produced 555 thousand tons of metallic chrome. The event happened around the company 78th anniversary. On November 22, 1941 the works made the first trial batch. The 500-thousandth ton was produced in May 2012. In the next 7 and half years the company has manufactured 55 thousand tons of chrome. Since…
DetailsHead of Ukraine’s Federation of Metallurgists Serhiy Bilenky says the Ukrainian metallurgical enterprises have been operating at a loss since the beginning of 2019 due to falling demand for steel in global markets. Most of the world’s metallurgical giants are forced to either reduce production or stop operating altogether. “Unfortunately, the situation in Ukraine is…
DetailsAverage retail coal prices in three weeks of November grew by 140.16 soms per ton, or by 3.1%, compared to the October price, the National Statistical Committee of Kyrgyzstan revealed. This is due to worsening of weather conditions and increased demand. As of November 21 the maximum average coal prices were registered in Kara-Suu (8,485.28…
DetailsVerkhnyaya Salda Iron and Steel Works plans to start producing granulated pig iron on the basis of the Titanium Valley Special Economic Zone. Investments are estimated at 1.1 billion rubles. “In late 2020 – early 2021 a new enterprise will be created to produce high-purity granulated pig iron. Its capacity will total 40 thousand tons…
DetailsIn January-October Kazakhstan mined 92.8 million tons of coal and lignite valued at 289.5 billion tenge, down by 2.5% and by 2.8% YoY respectively. The output of coal dropped by 2.5%, to 84.8 million tons, and lignite – by 8.2%, to 4.3 million tons. At the same time the manufacture of coal concentrate grew by…
DetailsOmolonskaya Gold Ore Company, a part of Polymetal, intends to switch to solar energy. The project will be carried out at the Kubak Mining and Processing Works in Magadan region. The plant with the capacity of 2.5 MW will be commissioned in 2021. Estimated cost of the project is 300 million rubles. In spring Polymetal…
DetailsIn January-September Ukraine produced 101 thousand tons of metal structures, up by 6% YoY. The share of enterprises with the output of more than 5 thousand tons has grown. At the same time the number of enterprises with the output below 2 thousand tons has decreased. More than half of the companies demonstrated an increase…
DetailsAvdiivka Coke and Chemical Works has repaired the surgery and traumatology department of a local hospital, which now services also people from the nearby villages. The hospital was destroyed by shelling from the Russia-supported terrorists, and the doctors had to move to an old smaller building. Now they have returned to renewed premises. Avdiivka Coke…
DetailsIn January-September consumption of metal structures in Ukraine grew by 3.16% YoY, to 98 thousand tons. Output in the non-housing construction segment increased the most – by 50.5%, to $1.22 billion. Construction companies account for 80% of local demand for metal structures. (Ukrainian metal)
DetailsVEB.RF has provided the first tranche to finance development of the design documentation on the Tomtor rare-earth metals deposit. The loan agreements between VEB.RF, Vostoc Engineering and Krasnokamensk Hydrometallurgical Works were concluded in September. The total amount of the loan is 1.5 billion rubles. The Tomtor deposit is situated in the Republic of Sakha and…
DetailsThe Alardinskaya mine has become a leader in fulfilling annual output targets among Raspadskaya Coal Company enterprises. The mine has extracted 2.52 million tons of coal. Most of the coal was mined from the long face 6-1-20 commissioned in March. Monthly output amounted to 300-350 thousand tons. (Ukrainian metal)
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