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In January-September the gold-extracting companies operating in Chukotka yielded 19.06 million tons of gold, including 2.5 tons of alluvial and 16.56 tons of ore gold. This is down by 4% YoY, including by 4% for alluvial gold, but up by 10% for ore gold. Silver output dropped by 13%, to 86.6 tons. In January-September 2017…
DetailsPolymetal International plc has concluded an agreement on the increase of the share in the gold ore deposits of Veduga to 74.3% by acquiring a 31.7% share in Amikan LLC, which has the license to develop the deposits. The price is $19.7 million to be paid in Polymetal shares. The two sellers – Sibproekt LLC…
DetailsThe Yakutia republic’s Prosecutor’s Office has suspended a license of the gold producer Nordgold for production of gold near the Rederga River in the republic, the authority said in a statement on October 15. The prosecutors discovered that the company produced gold near the river without primary geological documents, and specialists of the Aldansky district’s…
DetailsIn 10 year the casting and rolling complex of the Vyksa Iron and Steel Works produced more than 10.6 million tons of hot-rolled coils. The complex is unique in that its manufacturing cycle is just 3.5 hours, unlike over 24 hours at other works. The company intends to increase output by 20%, to 1.5 million…
DetailsIn Q3 steel output grew by 1% QoQ, to 4.4 million tons and was flat YoY; capacity utilization rate remained high at 99%. Group sales in Q3 increased by 1% QoQ and by 4% YoY, to 4.4 million tons. Sales totaled 4.4 million tons (+1% QoQ). This growth was supported by the increase in long…
DetailsThe price of one ounce of gold increased by 38.2925 manats or by 1.9% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,037.1134 manats. The price of one ounce of silver grew by 0.1437 manats or by 0.58%, to 24.5394 manats. The price of one ounce of platinum…
DetailsPrices of gold, silver and platinum increased in Azerbaijan on October 15, according to the data published by the Central Bank. The price of gold grew by 44.0205 manats, to 2,077.6295 manats per ounce on October 15 compared to the price on October 12. The price of silver went up by 0.0919 manats, to 24.8843…
DetailsZaporozhye Titanium and Magnesium Works has ordered the Khimvector LLC the delivery of ilmenite valued at 20.7 million UAH. This year the company has to deliver 3 thousand tons of ilmenite concentrate according to TU U 13.2-30912734-001:2011 with the undisclosed content of TiO2 at 6900 UAH or $244 per ton to the Zaporozhye Levoye station.…
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