Aggregate investment in a joint venture (JV) between metals companies Norilsk Nickel and Russian Platinum is estimated at $15 billion, Russian Platinum CEO Musa Bazhayev told president Vladimir Putin. Bazhayev also said that the platinum group metals reserves of the joint venture, which was at a final stage of establishment, would amount to 4,500 tons,…
DetailsIn January-September the Belebey Works Avtonormal received 51.7 million rubles of net profit, up 9-fold YoY. The company is mastering manufacture of new production techniques as well as applying protective coating and developing new fastener structures. Revenue dropped by 2.4%. (Ukrainian metal)
DetailsIn January-September Nordgold extracted 759.6 thousand ounces of gold, up by 12% YoY. The increase is mostly due to the commission of the Gross mine last year, which has extracted 191.9 thousand ounces, as well as the output growth at the Berezitoviy mine by 8%, to 44.3 thousand ounces. At the same time, the Bissa…
DetailsThe Vostochnaya GRE Group of Companies has finished the season having extracted 520 kg of alluvial gold, up by 27% YoY. The extraction was carried out by two daughter companies – Korolevskoye LLC and Yablonevoye LLC. This year they were operating at two sites. The season started in mid-May. The group reserves are estimated at…
DetailsAzovstal Iron and Steel Works has finished the scheduled repair of the rolling mill-3600. The repair lasted for 10 days. The work has been carried out by Metinvest-Promservice and subcontracting companies. The cost of the repair was 100 million UAH. Now the company intends to repair the continuous casting machine No. 5 in the converter…
DetailsA grant of EUR 5.7 million will be allocated to Kyrgyzstan for reclamation of two uranium tailings, the Information Support Department of the Cabinet of Ministers has reported. The First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov took part in the 4th meeting of the Donor Assembly of Environmental Remediation Account for Central Asia, held…
DetailsIn August Russia exported 2.2 thousand tons of aluminum foil, down by 9% MoM and by 45.2% YoY. Deliveries to US and Belarus fell by 12% and by 11%, to 1.6 thousand tons and 253 tons respectively. In 8 months exports totaled 22 thousand tons, up by 38.4% YoY. In monetary terms since the start…
DetailsIn August Russia imported 631.2 tons of non-refined copper, up by 59.6% MoM and 10-fold YoY. Kazakhstan increased deliveries from 395.5 tons to 630.9 tons. In 8 months imports totaled 1.9 thousand tons, up by 12.8% YoY. In monetary terms since the start of the year the imports have increased by 30%. Import price in…
DetailsLast week, the price of one ounce of gold increased by over 17.6 manats ($10.3) or by 0.7%. Accordingly, the average price of one ounce of gold stood at 2,485 manats ($1,462). The price of one ounce of silver grew by 0.1275 manats ($0.075) or by 0.44%, to 28.7 manats ($16.9). The price of one…
DetailsIn July-September Volgograd Aluminum Works produced 17.7 thousand tons of aluminum, up by 2.9% QoQ. In 9 months output totaled 52.1 thousand tons, up by 11.6%. The manufacture of anode blocks grew by 8.7%, to 26.2 thousand tons in Q3, and by 171%, to 78.6 thousand tons in 9 months. (Ukrainian metal)
Details