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Azerbaijani President Ilham Aliyev has signed an order to put into operation the Dashkasan iron ore deposit, which is the only iron ore deposit in the South Caucasus with an estimated industrial reserves of around 300 million tons. Under the order, initially $1.76 million (AZN 3 million) will be allocated to AzerGold mining company from…
DetailsIn January-July, Ukraine procured 1.642 million tons of scrap, down by 18.4% YoY. Exports decreased by 53.3%, to 17.2 thousand tons. Imports fell by 73%, to 10.6 thousand tons. (Ukrainian metal)
DetailsIn July, Zaporizhstal produced 343.4 thousand tons of pig iron, up by 3.4% YoY. Steel output dropped by 5.5%, to 304.6 thousand tons, and rolled metal – by 1.8%, to 255.4 thousand tons. In H1, the company produced 2504.7 thousand tons of pig iron, 2119.7 thousand tons of steel and 1804.2 thousand tons of rolled…
DetailsChaarat Gold Holdings Ltd produced 26,960 ounces (more than 764 kg) of gold equivalent at its Kapan mine in during the first half of 2020, and expects to produce 55,000 ounces (more than 1559 kg) of gold for the year. The company said it also took several steps to help alleviate the impact of coronavirus…
DetailsEnergomashspetsstal has produced solid upper and lower parts of the turbine frame for the Slavyansk Heat and Power Plant. The weight of each half is over 50 tons. The size of the parts is 7300x4600x2100 mm. Previously the company produced such parts from smaller components and welded them. (Ukrainian metal)
DetailsOn August 1, the employees of Alchevsk Iron and Steel Works received 18% of their May wages. Such payments are made weekly. At the sane time, situation at mining companies is even worse. Employees of the ex-state enterprise Centerugol ask the General Prosecutor’s Office and courts, but the salaries are still not paid. The mining…
DetailsIn January-May, Russia increased gold output by 2.83% YoY, to 104.31 tons. In particular, extracted gold amounted to 86.38 tons, up by 6.66%, by-product gold – 6.79 tons, down by 7.62%, and secondary gold – 11.15 tons, up by 14.96%. Silver manufacture decreased by 7.39%, to 355.3 tons, including extracted silver – 175.39 tons, down…
DetailsIn January-July, Ukraine produced 11.87 million tons of steel, down by 6.7% YoY. Pig iron manufacture decreased by 1.1%, to 11.76 million tons, and rolled metal – by 3.2%, to 10.63 million tons. In 2019, Ukraine produced 20.82 million tons of steel, 20.05 million tons of pig iron and 18.16 million tons of rolled metal.…
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