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The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev met with the Chairman of the Board of Kyrgyzaltyn Almaz Alimbekov, the press service of the government reported. Mukhammedkaly Abylgaziev noted that the mining industry and, in particular, gold mining were one of the strategic sectors of the domestic economy. It is necessary to ensure maximum openness of…
DetailsThe prices of main precious metals increased in Azerbaijan on May 10, according to the data published by the Central Bank. The cost of gold increased by 6.698 manats, to 2236.095 manats per troy ounce compared to the price on May 8. The cost of silver increased by 0.1647 manats, to 28.1314 manats per ounce.…
DetailsIn 2017 VTB increased the number of gold-purchasing contracts with the Zabaykalye region enterprises by 32% YoY. The bank concluded agreements to buy 2.9 tons of gold, or 22% of all gold produced in the region. Last year Zabaykalye region yielded 13.2 tons of gold, up by 10% YoY. (Ukrainian metal)
DetailsThe Belarus Iron and Steel Works has expanded the overall export geography to 118 countries, the company’s press service reported. This year the steel mill BMZ has shipped a batch of rolled steel to Guatemala. In January-April BMZ also offered new kinds of metal products to Denmark and Mali. According to the latest data, in…
DetailsDomestic enterprises of the aluminum-consuming industries are prepared to increase the volumes of purchases. “For example, the representatives of the cable industry say they can process up to 500 thousand tons of aluminum, up from the current levels of 200-300 thousand tons”, the Aluminum Association chairman Valentin Trischenko said. The small business also has ways…
DetailsThe Ministry of Economic Development has hosted another meeting of the sub-commission on customs-tariff, non-tariff regulation and protective measures in foreign trade of the government commission on economic development and integration. In particular, the issue of US decision to impose special import duties of 25% on ferrous metal and 10% on aluminum was discussed. The…
DetailsSeverstal has completed the scheduled repairs of machinery at the electric steel shops of Cherepovets Iron and Steel Works. “The mine furnace No. 2 saw the main volume of repairs. It has lasted for 6 days, 45 hours less than planned. The repairmen have also reconstructed the ladle furnace No. 2 and the steel vacuum…
DetailsIn April spot trades of imported aluminum in Japan grew on the background of American sanctions against Rusal. Prior to sanctions Japan has been importing some 30 thousand tons of aluminum billets per month. In April spot purchases on CIF totaled 15.5 thousand tons as opposed to 4750 tons in March. Out of this volume…
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