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The Prime Minister of the Kyrgyz Republic Mukhammedkaly Abylgaziev met with Centerra Gold Inc. CEO Scott Perry, the Information Support Department of the Government’s Executive Office reported. The parties discussed issues related to the strategic agreement signed on September 11, 2017. Mukhammedkaly Abylgaziev noted that the government realized the significant role of Kumtor in the…
DetailsThe prices of main precious metals increased in Azerbaijan on May 22, according to the data published by the Central Bank. The cost of gold increased by 1.8105 manats, to 2191.5635 manats per ounce compared to the price on May 21. The price of silver increased by 0.1365 manats, to 27.9847 manats per ounce. The…
DetailsBelorucheyskoye Mine Group, managed by Karelsky Okatysh, has started a new navigation and manufacturing season. “In 2018 we plan to mine 2.423 million tons of rock and produce 1.374 million tons of limestone, as well as renovate our quarry machinery park. We will buy a 45-ton BelAZ, a bulldozer and an autograder”, the mine group…
DetailsThe Safyanovskaya Med mine, a part of UGMK, has mined the 1-millionth ton of copper ore. The development of the deposits started in 1992 as an open-pit mining; and is bound to be completed in 2020. In 2010 the construction of the underground mine began. So far the miners have reached the level of 500…
DetailsIn 2017 MMK sold 3.22 million tons of hot-rolled metal, with some 60% supplied to Russian pipe companies. According to MMK senior region sales manager Andrei Golitsyn, the main customers are Seversky Pipe Works, Uraltrubprom and Almetyevsky Pipe Works. Last year Ural Federal District accounted for around 55% of all sales, with Privolzhsky for 30%…
DetailsRussia, which controls its own terrorist organization of the Donetsk People’s Republic, has started restoring machinery at Yenakievo Iron and Steel Works, burned down by the militants in early April. “The rare and expensive machinery is slowly being restored, the manufacturing process is going on. Thanks to the Russian specialists and enormous sums of money…
DetailsShareholders of Ingulets Mining and Processing Works, Central Mining and Processing Works and Severniy Mining and Processing Works (all parts of Metinvest) at their meetings on May 18 decided to pay dividends for 2017 in the total of 4.86 billion UAH. In particular, InGOK will spend 2.16 billion UAH to pay dividends, and leave 2.6…
DetailsIn April metal companies consumed 140 million cubic meters of natural gas, down by 18% MoM. In January-April gas consumption totaled 650 million cubic meters, down by 2% YoY, taking into account operation of assets on non-controlled territory in January-February 2017, or up by 9% without them. Electric energy consumption in 4 months reached 4…
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