NGK Resurs has commissioned the Polyanka deposit. Some 600 employees have been hired. The company intends to produce around 1.5 tons of gold per year. Until autumn in test mode the company has obtained 330 kg of gold. During the first stage of the project, which is scheduled to last till 2025, the investor will…Details
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Under the project to develop the Yoshlik I deposit Almalyk Mining and Processing Works has assembled an EKG-15 M excavator and is assembling two more. So far the company has bought 15 excavators, including 13 EKG-15M and 2 EKG-10. The three excavators were received in August. The first was assembled in just 35 days as…Details
Most of the debut eurobonds issued by ChTPZ have been bought by investors from the Great Britain and Russia. ChTPZ placed eurobonds valued at $300 million with the interest rate of 4.5%. Gazprombank, Citi, J.P. Morgan, Societe Generale and Renaissance Capital acted as organizers. UK investors purchased 30% of the issue, from continental Europe –…Details
LIVE FUTURES REPORT 16/09: LME nickel price falls 2.5% despite outflows; copper holds above $5,900/t
The three-month nickel price on the London Metal Exchange was lower during morning trading on Monday September 16, retreating toward $17,300 per tonne, ignoring stock outflows that have brought on-warrant material down to its lowest level in eight years. Turnover has been moderate for the base metals complex so far this morning, with copper traded…Details
Ukrzaliznytsia (Ukrainian Railways) has concluded 30 agreements with Metinvest-SMC LLC on the purchases of steel valued at 102.55 million UAH. In particular the company will supply carbon steel hot-rolled plates with the thickness of 3 to 20 mm at 20,760-21,137 UAH. Most of the agreements have the same price of 3.86 million UAH. Some are…Details
This year the Moscable Plant LLC intends to increase aluminum cable manufacture by 14%, to 118 km per month. The company products are supplied to the major power, transport and construction industry companies. At present the annual output at the company is 10 thousand km of cable. (Ukrainian metal)Details
In January-August Rusolovo produced 1423 tons of tin concentrate. This year the company intends to increase output to 2200-2600 tons. In 2018, 1500 tons of tin concentrate were produced. The increase is due to the growth of capacities of the processing factory at the Festivalnoye deposit and the construction of a GOK at the Pravourminskoye…Details
In July Russia exported 16.9 thousand tons of zinc ore and concentrate, up by 33% MoM, but down by 51.4% YoY. Deliveries to China grew 2.5-fold, to 12.5 thousand tons, but to Kazakhstan dropped by 14%, to 4.4 thousand tons. In January-July exports totaled 139 thousand tons, down by 25% YoY. Since the start of…Details
Dict LLC, developing alluvial gold sites in the Bolshoy Orel River valley in Amur region, intends to obtain 50-55 kg. So far the company has extracted 47 kg of gold. In 2018 gold output totaled 41.3 kg. The company started the washing season in early May and intends to finish it in late October. (Ukrainian…Details
In January-August Khabarovsk region obtained 16.645 tons of gold, up by 1.4% YoY. Ore gold accounted for 13.294 tons. Alluvial gold output totaled 3.351 tons. In August gold manufacture decreased by 18% MoM, to 743 kg. Silver output in 8 months fell by 17.3%, to 31.161 tons. (Ukrainian metal)Details
Last week the price of one ounce of gold decreased by 20.1705 manats or by 0.8%. Accordingly, the average price of one ounce of gold stood at 2,544.7249 manats. The price of one ounce of silver dropped by 0.5223 manats or by 1.6%, to 32.7762 manats. The price of one ounce of platinum increased by…Details
The license to develop the Turuk coal deposit has been sold to a company created a month ago. The auction was held on September 5. With the initial price of $3.262 thousand, the winner offered $205 thousand. 4 companies participated in the auction, with the winning bid submitted by Yrys Ken LLC. Coal reserves are…Details
In Novosibirsk the Ferrum Group of Companies has 6 pipe-welding mills with the capacity of 21 thousand tons per month, 3 slitting mills of 30 thousand tons, 2 crosscutting machines of 7 thousand tons, automatic lines to produce 2 thousand tons of cold-rolled channel and angle, etc. At the site the company intends to develop…Details