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Kopy Goldfields (Sweden) has published an adjusted estimate of the JORC mineral resources of the Krasnoye deposits. The licensed territory in the Irkutsk region contains two sites – Krasniy and Vostochniy. The evaluation was carried out by Micon International Co Limited on the basis of prospecting works in February. The deposit resources have increased by…
DetailsDalnevostochnoye Manufacturing and Geological Enterprise, a part of the state geological holding Rosgeologia, intends to start prospecting for gold at the Koshkinskoye field on the island of Shumshu in the Sakhalin region. The geologists will be prospecting the site with the size of 82 square km for 3 years. The enterprise will start working in…
DetailsIn January-May Bikinskoye coal deposits in Primorye region yielded 2.058 million tons of coal. Two companies are operating at the site – Luchegorsk Coal Pit (LUR) and its contractor Petrotrade-M LLC. Of the total volume LUR provided 1.055 million tons of coal with the target of 1.06 million tons. Petrotrade-M mined 1.003 million tons with…
DetailsIn January-May Ukraine mined 13.896 million tons of coal, down by 12% YoY. According to the Ministry of energy and coal industry, coking coal output dropped by 7.5%, to 2.698 million tons, and that of power-generating coal by 13.1%, to 11.198 million tons. In May Ukraine mined 2.66 million tons of coal, down by 2.3%…
DetailsThe prices of main precious metals increased in Azerbaijan on June 11, according to the data published by the Central Bank. The cost of gold increased by 4.165 manats, to 2,208.4275 manats per ounce compared to the price on June 8. The cost of silver increased by 0.322 manats, to 28.7133 manats per ounce. The…
DetailsTMK Chermet has invested over 80 million rubles in the purchase of 16 units of modern machines, including KamAZs with crane manipulators, Volvo artics and a Liebherr loader. The new machines arrived at the scrap-procuring sites of Yekaterinburg, Volgograd, Saratov and Bataysk. They will considerably increase the speed and volumes of delivery, loading and unloading…
DetailsVSMPO-Avisma has received a loan of 100 million rubles to create a site to process bulk titanium rings. 30% of the sum is provided by the Sverdlovsk-based Fund of industry development, and 70% – by the Federal fund. The company has started assembling the technological line. Vertical borers will be assembled to process titanium rings…
DetailsMetalloinvest will build a heat treatment facility for hot-rolled steel at OEMK. The heat treatment facility will have an annual capacity of 70,000 tons of high-quality (Special Bar Quality, SBQ) bars, and will be established within the enterprise’s finishing plant. The facility will add to the existing heat treatment capacities at OEMK’s rolling plant No.…
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