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GoldBridges Global Resources intends to increase gold output in 3 years and pay dividends after it switches to mining at its Sekisovskoye gold and silver mine in Eastern Kazakhstan. In October the mine processed 20.19 thousand tons of ore and plans to reach 25 thousand tons in December, with 42 thousand tons in 2017. The…
DetailsAnglo Asian Mining has decreased its forecast for gold output in 2016 after the gold quality at Gadir mine dropped. This year the gold output target has been decreased to 67-69 thousand ounces from 69-71 thousand ounces. The company also reported that the Gedabek project had been connected to the National power system of Azerbaijan,…
DetailsMonth Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* Export, Ukraine, $/t, FOB Black sea ports Export, Russia, $/t, FOB Black sea ports min max min max min max September 250 426 315 325 315 345 October 332 448 330 352 330 350 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16…
DetailsMednogorsk Copper-Sulfur Works, a part of UGMK, has put a new oxygen station into operation with the capacity of 5.366 thousand cubic meters per hour. The current shop of technological oxygen was constructed in 1986. The new station will allow the company to increase copper output. The construction of the first stage will determine further…
DetailsKazatomprom chairman Askar Zhumagaliev has visited China and negotiated with the management of CGNPC and CNNC. The parties discussed the nuclear energy industry development, uranium mining and transit through China, as well as delivery of the high-quality uranium to China. Askar Zhumagaliev invited his Chinese colleagues to take part in the Astana EXPO-2017 and show…
DetailsMonth Russian market, $/t, FCA, without VAT, $1/RUR62.9* min max September 64 189 October 64 191 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…
DetailsEvraz ZSMK continues its program of capacity improvement. In 2016 it spent around 3 billion rubles on capital repairs and development. Its main project this year was the reconstruction of the continuous casting machine. The company also carried out overhauls at its two blast furnaces. In 2017-2018 Evraz ZSMK plans to invest 5 billion rubles…
DetailsMetal companies, including Zaporizhstal, are the main donors of the state budget in the Zaporozhye region. According to the Specialized State tax inspection for major taxpayers in Zaporozhye director Roman Afonov, metal companies provide for some 20% of all tax income in the region. “From the beginning of the year major tax payers paid around…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* min max September 561 638 October 569 638 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the Russian Federation. (Ukrainian Metal) Dear colleagues! From 2017 the monthly metal price monitoring…
DetailsRussian geological exploration company Rosgeo, also known as Rusgeology, has offered to explore the Sukhoi Log gold deposit further to increase its reserves of inferred resources before selling. Anton Sergeyev, aide to Rosgeo’s CEO, reported that the company did not send any proposals on the Sukhoi Log to the government. Representatives of the Natural Resources…
DetailsNorilsk Nickel and the Directorate of the 2019 Winter Universiade signed an agreement to finance training for personnel and volunteers of the upcoming event organized for university athletes. Support for high-level sports, along with student and youth sports in Russia, is an important element of the social policy of Norilsk Nickel. Under the agreement, jointly…
DetailsMonth Russian market, $/t, EXW, without VAT, $1/RUR62.9* Ukrainian market, $/t, without VAT, EXW, $1/UAH25.496* min max min max September 355 741 424 424 October 403 781 416 422 * – Ukrainian Hrivna and Russian Ruble exchange rates are as of 31.10.16 according to the National Bank of Ukraine and the Central Bank of the…
DetailsNLMK Group, an international steel producer with assets in Russia, Europe and the USA, has successfully launched pelletizing plant at Stoilensky, the key investment project of its ‘Strategy 2017’. The pelletizing plant opening ceremony was attended by the Russian Prime Minister Dmitry Medvedev, the governor of Belgorod region Evgeniy Savchenko, the governor of Lipetsk region…
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