Last week the price of precious metals varied in Azerbaijan. The prices of gold and silver increased, while the prices of platinum and palladium decreased. The price of one ounce of gold increased by 0.6545 manats, or by 0.0296%. Accordingly, the average price of one ounce of gold stood at 2,205.905125 manats. On June 15…Details
Without more investment in the mining industry, mineral production in the Kyrgyz Republic will decline over the next decade, report by the Natural Resource Governance Institute (NRGI), an independent nonprofit organization dedicated to improving countries’ governance over their natural resources to promote sustainable and inclusive development, says. As the author of the report “An Economic…Details
Russia’s production of finished, semi-finished, and powdered gold rose by 6% YoY and by 21.5% MoM in May, the Federal State Statistics Service said in a report. In January-May gold production increased by 2.9% YoY. Previously, absolute figures on production of non-ferrous metals were a state secret. The figures are no longer classified, but the…Details
The intergovernmental agreement signed in February, which allows China National Gold Group to get 70% of Klyuchevskiy gold ore deposits in Zabaikalye region, has been submitted to the State Duma for ratification. The project will be carried out in 2 years. The Chinese company will invest $500 million in gold mining. The reserves are estimated…Details
In spring RG Gold commissioned the third crushing complex at the Yuzhniy Raigorodok and Severniy Raigorodok in Akmola region. This allowed the company to increase annual ore processing from 1.3 million tons to 2 million tons and produce some 45-50 thousand ounces (1.5 tons) of gold. Investments in the development totaled $6.7 million in 2017-2018,…Details
In January-May Kuzbass mined 102.9 million tons of coal, up by 5.8% YoY. In particular, 73.6 million tons of power-generating coal and 29.3 million tons of coking coal were mined. SUEK-Kuzbass increased output by 1.8 million tons, Razrez Kiyzasskiy LLC – by 1.4 million tons, Stroyservis and MelTEK LLC – by 0.9 million tons each.…Details
Severstal will construct a metal works to produce metal structures and welded goods in the city of Surgut.
The works with the size of 350 square meters will create over 500 jobs.
Investments total 13 billion rubles.
The works is expected to start operating in 2021. (Ukrainian metal)
Cherepovets Iron and Steel Works has produced anniversary tons of steel at two shops. In particular, the electric steel shop produced the 45-millionth ton of steel. The first metal was produced there in 1969. At first the shop had 4 electric arc furnaces, a steel degassing machine and two slab continuous casting machines. The converter…Details
The people’s deputy Sergey Dunayev has failed keeping his promise of clearing salary debts to the state enterprise Lisichanskugol employees. “Because of red tape in filing documents to the Ministry of Finances and the State Treasury, the Ministry of energy and coal industry cannot promptly solve the problem of salary debts. The miners demand immediate…Details
In January-May by-product coke plants of Ukraine imported 4.75 million tons of coking coal and coal concentrate, up by 17% YoY. In May 0.9 million tons of coking coal were imported, down by 11% MoM. Ukrainian coal deliveries in 5 months totaled 1.24 million tons, down by 6% YoY, with 220 thousand tons delivered in…Details
Vostoc LLC, extracting gold in the Anadyr district of Chukotka Autonomous District, will start obtaining alluvial gold at the deposits of the Pravaya Kolbi River. This washing season the company intends to get 20 kg of gold. The balance resources of the deposit are estimated at 377 kg of gold. Investments in the site development…Details
As of June, Priisk Solovievskiy has obtained 35 kg of alluvial gold in Zabaikalye region. The work at the licensed sites is carried out by Zabaikalsky Quarry. This year Priisk Solovievskiy intends to get at least 350 kg of gold. The manufacturing plan for this year is the same as for the year 2017. (Ukrainian…Details
In January-May Chukotka Autonomous District mined 256.8 thousand tons of coal, up by 23.15% YoY.
Beringpromugol LLC made the largest contribution.
In 5 months the company shipped 205.78 thousand tons of coal, up by 69.4% YoY. (Ukrainian metal)
The gold-extracting enterprise Neryungri-Metallik has opened a new ore gold deposit – Vysokoye in the south of the Republic of Sakha (Yakutia). This is the third deposit of ore gold opened by the enterprise. The reserves are estimated at 2 tons of gold with the average contents of 1.3 g per ton. The size of…Details
In January-May Chukotka Autonomous District yielded 9.813 tons of gold, down by 5.8% YoY. At present, because of the weather conditions only ore gold is extracted in the region. Silver output dropped by 14.6%, to 49.117 tons. In January-April the leader in precious metals mining was the Chukotka Mining and Geological Company. At its Kupol…Details
Ruspolymet has started the project on the manufacture of metal powder and granules. The project will partially solve the problem of dependence on import deliveries. The new site will have 3 machines, including a mill to produce speed and tool steel of powder and granules. The commissioning of the line will provide some 3 tons…Details
Thanks to the energy bridge the so-called Lugansk People’s Republic, a terrorist organization created and supported by Russia, has resumed the full cycle production at Alchevsk Iron and Steel Works. AMK now produces almost the entire range of its goods, including slabs. Rolled metal output reaches 70 thousand sheets per month, and slabs – also…Details
A fire at the Yerunakovskaya-8 mine of coal producer Raspadskaya in Kemerovo region has been liquidated, there have been no injuries, a source in the region’s emergency services reported on June 18. The source said earlier that all 114 miners were evacuated. Under preliminary data, the fire was caused by a short circuit in the…Details
PJSC Magnitogorsk Iron and Steel Works Extraordinary General Meeting of shareholders was held on June 13 with absentee voting. Shareholders approved by majority vote a dividend on MMK’s issued ordinary registered shares of 0.801 rubles (including tax) per share for the first quarter of 2018. The dividend will be paid in cash by bank transfer…Details
Poliarm LLC intends to continue geological exploration at the Lichkvaz-Tey gold and copper deposits. Poliarm bought 100% of the Armenian company, owner of the license to develop the deposits, in 2015. JORC resources of the deposits are estimated at 600 thousand ounces (18.7 tons) of gold equivalent. The Lichkvaz contains 4.3 million tons of ore…Details
As of June 1, Priisk Solovievskiy has mined 656 kg of gold on the territory of Amur region. According to deputy CEO on economic issues Victor Sizhuk, the goal was 113.9% fulfilled. Solovievskiy mine provided the main volume of output. The mine operates all the year round. Alluvial sites are developed from May to October.…Details
Izhstal has capitally repairs a finishing line of the Xetran bar mill.
The line is used to turn, polish and burnish hot-rolled metal.
All the process is automated.
Izhstal operates two more finishing lines made by Kieserling. The combined output of the lines is 35 thousand tons per year. (Ukrainian metal)
Uralmashzavod has successfully finished the main tests of one the largest winder machines on the world market, which can lift 50 tons of ore from the depth of 1300 meters. Gaysky Mining and Processing Works will be the first buyer. The construction of the machine began last year. Uralmashzavod is the only producer of winders…Details
In January-May Ukraine mined 13.9 million tons of coal, up by 0.2% YoY.
According to the Ministry of energy and coal industry, state mines provided for 1.85 million tons of coal, up by 7.6% YoY.
Power-generating coal output last year dropped by 14.6% YoY, to 34.916 million tons. (Ukrainian metal)