Anglo Asian Mining PLC (AAM), a gold producer in Azerbaijan, plans to begin production at new deposits. According to the information, electromagnetic intelligence revealed that there was a new field in the vicinity of Gadabay. “It also shows that there is a great potential in Ordubad, and the geological team is working on it,” the…Details
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In July Russia imported 11.6 thousand tons of ferrosilicomanganese, down by 32% MoM and by 8.3% YoY. Deliveries from Georgia dropped by 29% MoM, to 6.6 thousand tons, and from Kazakhstan – by 13%, to 5 thousand tons. In January-July imports totaled 113 thousand tons, up by 3% YoY. In monetary terms since the start…Details
Since the start of the year the Raspadskaya mine (a part of the Raspadskaya Coal Company) has extracted 5 million tons of coal, with 2 million tons extracted from site No. 1. In April the site No. 1 was one of the first to mine 1 million tons of coal from the same breakage face.…Details
Rechitsa Metal Wares Works is the global leader in nails manufacture. Lately the company has been increasing sales to the far foreign countries and decreasing its exports to Russia. Thus its shares are now 42% and 34% respectively, with some 23% supplied to the local customers. The trend is due to more attractive prices on…Details
Abinsky Electrometallurgical Works intends to have increased its share on the Russian metal wares market to 13% by 2020-2021. According to the director of the sales department Andrei Krylov, in January-August AEMZ manufactured some 68 thousand tons of metal wares, or 7% of the market. In the next two years the company plans to increase…Details
MMK-Metiz is installing new equipment. In particular, this is machinery to produce high-carbon wire and steel ropes, fasteners, as well as calibrated steel rods and bars. With the help of the new machinery the company was able to increase thread-cutting screws output by 674 tons, as well as increase the portfolio of types and sizes…Details
The National Tariff Committee of Pakistan has announced the introduction of antidumping duties on cold-rolled metal originating from Russia and Canada until January 20, 2020. The duty for both countries amounts to 13.94%, which is less than the dumping margin set in the course of investigation at 19.27% for Russian companies and 25.99% for Canadian…Details
In January-August Beloretsk Iron and Steel Works sold 300 thousand tons of metal wares. According to the chief engineer of the company Veniamin Ulyanov, this is almost on the previous year level. “The exports have dropped a bit due to protective measures on the European market”, he said. Despite this BMK intends to keep exports…Details
Russia’s investments in mining projects in Venezuela may amount to about $1 billion, according to materials for the upcoming negotiations between Russian president Vladimir Putin and his Venezuelan counterpart Nicolas Maduro. “First of all, there is a high interest in production of diamonds and gold. According to Venezuelan estimates, the amount of investment participation of…Details
Russian businessman Alexei Mordashov has passed the control over gold mining company Nordgold to his sons Kirill and Nikita, the company said in a statement. According to a prospectus for placement of Eurobonds, Nordgold’s key shareholder is Ocean Management Limited registered on Cyprus, owning 94.88% in Nordgold directly and 5.06% through Aurora Nominees Limited. Unifirm…Details
Kyrgyzstan and Centerra Gold came to a new agreement on Kumtor project after long negotiations. It has entered into force. It has been repeatedly written about additional payments that the republic would get under the new agreement. But it is important not only because of them. Aza Migranyan, Doctor of Economics, Professor, Head of the…Details
Rally against environmental pollution took place near the building of the Parliament of Kyrgyzstan in Bishkek. According to the organizer of the rally Eleri Bitekchi, the reason for the protest was alleged transfer of Sarychat-Ertash nature reserve in Issyk-Kul region to Kumtor gold mining company. “Barsbek initiative group intends to sue all mining companies, in…Details
The modernization of the sheet-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works is nearing its end. The mill has been modernized since 2018. The first stage saw the commission of a new heating furnace and a bulk coiling machine. This allowed increasing steel coil weight to 16.5 tons as opposed to 9.5 tons…Details