Prices of gold and silver decreased in Azerbaijan on June 10 compared to the previous prices. The price of gold dropped by 7.871 manats, to 2,258.059 manats per ounce. The price of silver fell by 0.1359 manats, to 25.1671 manats per ounce. At the same time the price of platinum went up by 1.4535 manats,…Details
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Kolmar, Inaglinsky Mining and Processing Works and AVIC will jointly build a processing factory Inaglinskaya-2. The construction will be carried out in two stages. The first stage will be commissioned in 2020, and the second – in 2022. The capacity will reach 12 million tons of coal per year. Over 1 thousand jobs will be…Details
In May, Noviy Put LLC, a part of Susumanzoloto, extracted 15.5 kg of gold, up more than 3-fold YoY. In the first washing month of last year the company extracted 4.1 kg of gold. The company extracts gold in the Yagodinskiy district of the Magadan region at the Shakh, Khatynnakh, Mokhovoy and At-Uryakh deposits. In…Details
In May, Raspadskaya Coal Company sold 1.72 million tons of coal, up by 300 thousand tons YoY. The previous record was set in October 2017 – 1.59 million tons. In May, the average daily shipping was over 800 railroad cars. In 2018 Raspadskaya mined 23 million tons of coal and sold over 16.6 million tons.…Details
In January-May, Ukraine exported 1.047 million tons of pig iron valued at $343.097 million, down by 22.7% and by 24.8% YoY respectively. According to the State Fiscal Service, the main customers were USA (58.95%), Italy (10.56%) and Turkey (8.69%). In 5 months Ukraine imported 455 tons of pig iron valued at $293 thousand, down from…Details
In January-May, Ukraine imported 48.4 thousand tons of pipes valued at $77.8 million. In particular, seamless pipes accounted for 26.5 thousand tons ($42.9 million), pipes and tubes with the diameter from 406.4 mm – 6.5 thousand tons ($8.2 million), and other pipes and tubes – 15.3 thousand tons ($26.7 million). The main suppliers of seamless…Details
In May Ukraine exported 54.3 thousand tons of pipes valued at $60 million, up by 8.3% and by 9% respectively. In 5 months pipes exports totaled 260 thousand tons valued at $288.2 million. According to the State Fiscal Service, seamless pipes accounted for 1867 thousand tons valued at $243.3 million, other pipes and tubes –…Details
According to forecasts, the budget of Kyrgyzstan will get 2 billion soms from holding of tenders for sale of licenses for fields, the Deputy Chairman of the State Committee for Industry, Energy and Subsoil Use Myrza Zhamanbaev declared. Placement of objects for tenders is delayed due to the new law on mineral resources. The State…Details
Over the week, the price of one ounce of gold increased by 34.5525 manats or by 1.5%. Accordingly, the average price of one ounce of gold stood at 2,248.8535 manats. The price of one ounce of silver went up by 0.4069 manats or by 1.6%, to 25.0874 manats. The price of one ounce of platinum…Details
Lydian International President and CEO Joao Carrelo is stepping down, the company said in a news release. It said Carrelo was leaving the position effective from June 12 “as part of the company’s restructuring program”. Lydian also announced that the board of directors had appointed Edward Sellers, a current member of the board of directors,…Details
Baikal Mining Company and Outotec have signed an agreement on the delivery of the machinery valued at 250 million euro to Udokan Mining and Processing Works. The company will supply machinery for floatation processing of ores with the volume ranging from 20 to 300 cubic meters. The usage of module extraction units will reduce construction…Details
Metalloinvest, a leading global producer and supplier of HBI and iron ore products, and a regional producer of high-quality steel, has signed a binding agreement with the company Ultramar for the construction of a specialized terminal for the transfer of iron ore pellets and HBI at the Ust-Luga port, located in the Leningrad region. The…Details
Severstal organizational structure has been reconfigured to support its updated strategy and ensure it consistently delivers an excellent customer experience. Based on agile business principles, all of the company’s production and “selling” divisions now fall under two streams – upstream and downstream, for which common business goals are set. Upstream includes all of Severstal’s raw…Details