The industrial company Kvartz, which is washing for alluvial gold in Zabaikalye region, intends to extract over 100 kg of gold this season. Last year the company yielded 141 kg of gold. This year the company will be operating at 5 sites. The work started on April 29. (Ukrainian metal)
DetailsLenzoloto, which owns over 40 licenses to extract alluvial gold in Irkutsk region, in 2018 received 11.82 billion rubles of sales revenue, up by 9% YoY. The net revenue reached 8.13 billion rubles, up by 9%. Last year the company sold 4594 kg of gold, up from 4532 kg in 2017. The company net profit…
DetailsMechel-Service has supplied 1.3 thousand tons of rolled metal for the construction of a bridge over the Pur River between the Urengoy hamlet and the Korotchayevo district in the Yamalo-Nenets Autonomous District. Rebars manufactured by the Chelyabinsk Iron and Steel Works constituted the major part of the batch, The length of the bridge will be…
DetailsMembers of the Parliament of Kyrgyzstan propose to introduce an indefinite moratorium on uranium mining, leader of Ata Meken faction Almambet Shykmamatov reported. According to him, Altynbek Sulaimanov, head of Bir Bol faction, and Kanat Kerezbekov, Chairman of the Committee on Constitutional Legislation, State Structure, Judicial, Legal Issues and Regulations of the Parliament, signed the…
DetailsIn January-March, Severouralsk Bauxite Mine, a part of Rusal, decreased output by 15.3% QoQ, to 529 thousand tons of bauxites. In Q4 2018 the output was 625 thousand tons, and in Q1 2018 – 555 thousand tons. Another Rusal asset – Uralskaya Folga – increased manufacture by 31% QoQ, to 5.5 thousand tons of aluminum…
DetailsKorshunovsky Mining and Processing Works has finished work of draining the Korshunovsky iron ore quarry. In a year some 14 million cubic meters of water have been drained. Every year during the flood a lot of ground water hinders extracting operation. In order to solve the problem, the water-removing system has been modernized. In particular,…
DetailsIn 2018 VSMPO-Avisma net profit grew by 11.3%, to $244.5 million. EBITDA increased by 10.9%, to $650.2 million, and revenue – by 7.3%, to $1.617 billion. Sales revenue dropped by 3.1%, to $926.5 million. The corporation fixed liabilities increased by 2.5%, and as of December 31, 2018 totaled $1.719 billion, while current liabilities grew by…
DetailsIn January-March, Norilsk Nickel produced 56 thousand tons of nickel, up by 3.4% YoY. The manufacture of nickel of the company own raw materials grew by 2.8%, to 55 thousand tons. Copper output increased by 13%, to 127 thousand tons. Palladium manufacture totaled 770 thousand ounces, up by 32%, and platinum – 204 thousand ounces,…
DetailsIn March, Sibcable processed 1516 tons of copper, which became its historical record. On average the plant processes 1.1-1.2 thousand tons of copper per month. In March 2018 the result was 1423 tons. (Ukrainian metal)
DetailsPrices of gold, silver and platinum decreased in Azerbaijan on May 1 compared to the prices of April 30, the Central Bank reported. The price of gold dropped by 5.6015 manats, to 2,176.374 manats per ounce. The price of silver went down by 0.0743 manats, to 25.3645 manats per ounce. The price of platinum fell…
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