The gold production of Russia’s Polyus increased by 23% YoY, to 602,000 ounces in April-June, the company said in a statement on July 24.
In January-June the output rose by 18% YoY, to 1.109 million ounces.
Sales increased by 6%, to $1.291 billion at the average price of $1.317 per ounce. (Prime/Ukrainian metal)
In January-June Kamchatka region yielded 2471 kg of gold, down by 16.2% YoY. Silver output remained on the previous year level (7.3 tons). Ore gold accounted for 2466 kg. Alluvial gold output reached 5 kg, as only one enterprise was washing sands – Vector Plus LLC. This year gold output is expected on the level…
DetailsOrmet has reached the design capacity of the surface stowage facilities of the Djusinskiy mine. The capacity of the facilities is 6 thousand cubic meters of fill rock per month. The construction size of the facilities is 1800 square meters. Ormet obtained the license to develop the Djusinskoye deposits in Orenburg region in 1999. Until…
DetailsIn January-June Kuzbassrazrezugol mined 23.4 million tons of coal, up by 2% YoY, including some 3.2 million tons of coking coal. Since the start of the year the customers have been shipped 20.8 million tons of coal, with 70% exported (14.6 million tons) and the rest supplied to the domestic market (6 million tons). 20.7…
DetailsPrices of precious metals in Azerbaijan again started growing on July 23 after a week-long decline, according to the data published by the Central Bank. The price of gold increased by 17.6375 manats, to 2094.1195 manats per ounce on July 23, compared to the price on July 20. The price of silver increased by 0.2787…
DetailsThe shares of Russian aluminum giant RUSAL soared by 10.84% on the Moscow Exchange on July 23 on the news that the U.S. expected to find an acceptable solution to remove sanctions against the company. “I’m not going to go into the exact specifics of what those proposals are and where we stand on them,…
DetailsPJSC ArcelorMittal Kriviy Rih proceeds to the final stage of construction of two new continuous casting machines (CCM Nos. 2, 3). Production premises for the new CCMs are built by more than a half, equipment assembling has started. Now it is one of the biggest construction projects of the company in CIS and Africa. The…
DetailsEnergomashspetsstal has received a new order for the delivery of rolls weighing 560 tons to the three ArcelorMittal works in Europe. For ArcelorMittal Galati EMSS will produce 7 supporting rolls with the combined weight of 368 tons. In particular the order includes the solid-forged supporting roll with the weight of 160 tons to be used…
DetailsThe U.S. Treasury is open to removing Russian aluminum producer Rusal from a U.S. sanctions list, Treasury Secretary Steven Mnuchin said, adding the objective was “not to put Rusal out of business”. Mnuchin’s comment was the latest indication the Trump administration was trying to aid sanctions-hit Rusal, which had taken a series of steps to…
DetailsSince the start of the season Spokoyniy LLC has produced 60 kg of alluvial gold in Magadan region. Thus, the annual plan for gold output has been 60% complete. The company has also been able to increase output by 10 kg YoY. This year gold is obtained from one site – the Posledniy brook. This…
DetailsIn 2017 Kraszvetmet produced the record-high amount of gold in its history – 220 tons, up by 22% YoY. Last year 307 tons of gold were produced in Russia. The company also produced 570 tons of silver and 118 tons of platinum-group metals (platinum and palladium). The company produces precious metals of the raw materials…
DetailsIn January-June Krasnoyarsk region increased power-generating coal output by 19% YoY.
The growth in the output is explained with the increase in demand.
This coal is one of the most exported from Russia. The largest coal importers are China, India and Japan. (Ukrainian metal)
The Severnaya mine in the city of Makeevka will be shut down, as water has not been pumped out of it since last August. Some miners will be fired, while the rest hope to be employed at the yet unflooded mines. According to the comments in social networks, mines with large coal deposits have been…
DetailsThe price of one ounce of gold decreased by 39.202 manats or by 1.9% last week, to 2,094.1144 manats. The price of one ounce of silver decreased by 0.8642 manats or by 3.2%, to 26.5424 manats. The price of one ounce of platinum decreased by 40.2475 manats or by 2.84%, to 1,393.2503 manats. And the…
DetailsKola Iron and Steel Company is finishing the testing of the machinery in the zinc-cleaning site of the nickel electrolysis shop. This is one of the components of a new investment project to implement a new electrowinning technique. Instead of traditional anodes insoluble anodes will be used in electrolysis baths. To switch to the new…
DetailsRosgeologia will carry out prospecting works within the Petenikanskaya field.
The site is in the Magadan region.
The total size of the site to be inspected is 470 square km.
The project has to be carried out by the end of 2020. (Ukrainian metal)
The United Metallurgical Company has choseOMKn Danieli as the supplier of the main machinery to produce seamless pipes at Vyksa Iron and Steel Works. The works will be able to produce seamless casing, compressor-pump and oil and gas pipes. Commissioning of the machinery is scheduled for 2021. The design capacity will be 500 thousand tons…
DetailsIn January-June Cherepovets Iron and Steel Works produced 2251 million kW-h of electricity, up by 1% YoY.
“The increase allowed driving the consumption of our own electricity to 77.2% of the total amount, which is one of the best results in the industry”, Severstal Russian Steel CEO Vadim Germanov said. (Ukrainian metal)
Oskol Electrometallurgical Works, a part of Metalloinvest, has been named among the best Russia suppliers to one of the largest car concerns in the worlds – Groupe PSA. In particular, OEMK was named the Best Plant to supply high quality steel rods. “We are constantly working to improve steel quality to correspond to the highest…
DetailsStoilensky Mining and Processing Works, a part of NLMK Group, has produced its 10-millionth ton of pellets at its pelletizing plant, one of the largest in Europe. Launched in November 2016, the pelletizing plant was able to reach design capacity of 6 million tons of pellets per year in 6 months. In 2018 the plant…
DetailsBusiness Armenia has signed a Memorandum of Understanding with ARGA-Eurosteel on the investment of $850,000 and the construction of a new factory for the production of equipment from stainless steel. The document was signed by the Business support team leader at Business Armenia Hayk Mirzoyan and ARGA-Eurosteel CEO Garen Salkhanian. According to the MOU, Business…
DetailsCenterra Gold Inc. has agreed with the Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017. The First Longstop Date under the Strategic Agreement originally expired on April…
DetailsZaporizhstal has put into operation a new 5-section cooling tower, produced in Israel. Investments in the project totaled 40 million UAH. The new tower will decrease water intake from the river Dnepr by 4.8 million cubic meters per year. Electricity savings will reach 1 million kW-h. Since 2012 Zaporizhstal has spent 8.8 billion UAH on…
DetailsInterpipe has certified its compressor-pump pipes with thread joints UPM-J according to the highest gas-proof requirements CAL IV (Connection Application Level) of the ISO 13679. “The certification according to ISO 13679 CAL IV is very important, as the pipes are used in the shafts many times. We are expanding the range of premium solutions for…
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