This year Zimovichi intends to extract 150 kg of alluvial gold. This volume is on par with the previous year output. The company will be operating at three sites – in the Amunakit, Verkhnyaya Larba and Tynda river valleys. The washing season has not started yet because of the low temperature. (Ukrainian metal)
DetailsIn January-March, Seligdar revenue dropped by 12.3% YoY, to 18.83 million rubles, with gold sales revenue down by 61.7%, to 2.313 million rubles. Sales losses totaled 72.106 million rubles. This year the company fell to the gross loss of 3.62 million rubles from the gross profit of 4.25 million rubles in Q1 2018. The net…
DetailsStangold LLC has started the washing season and intends to extract 60 kg of gold. According to the company, output has remained unchanged since 2017. Since 2011 the company has been annually developing the alluvial gold sites at the Verkhniy Sirik Brook. Reserves are estimated at 96.8 kg of gold. (Ukrainian metal)
DetailsIn January-March, TMK EBITDA grew by 9% YoY, to $175 million. According to the company statement, revenue dropped by 1%, to $12.57 billion, with gross profit up by 6%, to $235 million. Compared to Q4 2018, EBITDA fell by 2%, and revenue by 1%, while gross profit increased by 5%. As of March 31, the…
DetailsPJSC Magnitogorsk Iron and Steel Works’ (MMK) new hi-tech sinter plant, the second stage of which is scheduled for commissioning in the near future, is expected to add an additional c. $40 million to the company’s EBITDA per year. In addition to the increased productivity, the unit should significantly decrease MMK’s environmental impact. The news…
DetailsArcelorMittal Kriviy Rih has completed modernization of the automation control system of Light Section Wire Rod Mill No. 250/150-6 in the Rolling Shop No. 3. There the company produces bar and coil rod with diameter from 5.5 up to 32 mm. The initial project price was estimated at UAH 48 million, but actual costs amounted…
DetailsGold and silver prices decreased in Azerbaijan on May 20 compared to the prices of May 17. The price of gold dropped by 17.06 manats, to 2,169.9990 manats per ounce. The price of silver fell by 0.1755 manats, to 24.5466 manats per ounce. The price of platinum went down by 12.138 manats, to 1,400.0690 manats…
DetailsThe price of one ounce of gold increased by 4.0375 manats or by 0.2% last week in Azerbaijan. The average price of one ounce of gold stood at 2,196.9814 manats. The price of one ounce of silver decreased by 0.2723 manats or by 1.1%, to 25.0384 manats. The price of one ounce of platinum dropped…
DetailsRussia’s second biggest lender VTB has raised the stake in Polymetal International plc to 5.15% from 0.16% as a result of a repo deal, the bank said. The deal took place on May 14. (Prime/Ukrainian metal)
DetailsAntonov, the subsidiary of Ukroboronprom, has made amendments to the agreement with Dneprospetsstal on the purchase of metal products valued at 84.95 million UAH. In June 2015, Antonov ordered 8.9 tons of rods with the diameter of 16-140 mm made of heat-resistant stainless steel valued at 1.42 million UAH. In 4 years, the conditions of…
Details“The events at Kyzyl-Ompol were politicized. We know who is behind this,” the President of Kyrgyzstan Sooronbai Jeenbekov said at a meeting with the residents of Balykchy town. According to him, the organization of such a commotion at the time when preparations for the tourist season were underway could be assessed as malicious action aimed…
DetailsThe Krasniy Octyabr shaped casting shop has mastered the manufacture of special steel grades. Now the shop is capable of producing such complex steel grades as 18X11MNFB-Sh, 12X18N12T, 06X15N6MVFB, etc. One of the main peculiarities of the shop operation is the use of two-slag technique, when the oxidizing and restoration periods are carried out in…
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