The prices of precious metals varied in Azerbaijan on March 12. The price of gold decreased by 1.3005 manats, to 2,204.594 manats per ounce compared to the price on March 11. The price of silver went up by 0.157 manats, to 26.186 manats per ounce. The price of platinum grew by 18.2325 manats, to 1,404.03…
DetailsLydian International Limited announced that, in connection with the ongoing blockades of road access to the Amulsar Gold Project, Lydian U.K. Corporation Limited and Lydian Canada Ventures Corporation – subsidiaries of the company – had formally notified the government of Armenia of the existence of disputes with the government under the agreement between the Government…
DetailsIn 2018 VSMPO-Avisma received 89.069 billion rubles of revenue, up by 23% YoY. The sales profit grew by 40%, to 31.847 billion rubles. The sales of spongy titanium increased by 17%, to 33.7 thousand tons, valued at 18.789 billion rubles, down by 2%. EBITDA decreased by 1.4%, or by 989 million rubles. (Ukrainian metal)
DetailsIn 2018 Polymetal increased gold equivalent output by 9% YoY, to 1.562 million ounces. Gold manufacture reached 1.216 million ounces, up by 13%. Silver output fell by 6%, to 25.3 million ounces. In 2019 Polymetal intends to produce 1.55 million ounces of gold and in 2020 – 1.6 million ounces. (Ukrainian metal)
DetailsIn 2018 Polymetal revenue increased by 4% YoY, to $1.88 billion. Gold sales reached 1.198 million ounces, up by 10%, while silver fell by 3%, to 25.7 million ounces. EBITDA went up by 5%, to $780 million. Net profit was $355 million, up by $1 million. Capital expenses dropped by 10%, to $344 million. The…
DetailsKarelsky Okatysh has performed a unique action – lifted a 670-ton excavator to repair it. For this a special lifting mechanism was used, which was designed for the company. Its lifting capacity is 1 thousand tons. “This is a unique machine. None in Russia has it”, the company repair mechanic Dmitry Yepanchin said. The use…
DetailsIn January-February Irkutsk region mined 2232.9 kg of ore gold, down by 5% YoY. At present only 4 companies are mining for gold in the region. Polyus Verninskoye extracted 1392.3 kg of gold, while the rest (940.6 kg of gold) was extracted by Druza LLC, Vysochaishiy and Ugakhan. This year the region intends to obtain…
DetailsIn 2019 Rusal intends to use $200 million of investments under the project to construct the Tayshet Aluminum Plant. “We will continue construction. Tayshet is still our strategic project”, the company CEO Evgeniy Nikitin said. Last year Rusal was building Tayshet with its own funds. The new commission time is now Q4 2020. (Ukrainian metal)
DetailsIn 2018 the net profit of ChTPZ grew by 91.6% YoY, to 7.726 billion rubles, Gross profit increased by 18%, to 44.286 billion rubles, and EBITDA – by 19%, to 28.223 billion rubles. Revenue went up by 13%, to 178.84 billion rubles. The company net debt as of late 2018 was 68.4 billion rubles. The…
DetailsTZRK, a part of Vysochaishiy (GV Gold), has won an auction to develop and mine ore gold at the Ergelyakh field. The size of the site is 69.1 square km. The R1 resources are estimated at 0.12 tons, R2 – 0.6 tons and R3 – 9.3 tons. Last year TZRK mined 93 thousand ounces of…
DetailsIn February Beloretsk Iron and Steel Works increased metal wares sales by 11% YoY, to 38 thousand tons. The company has increased sales to the aviation, machine-building, construction and bearing industry enterprises. Rods with specially treated surface for the manufacture of springs and fasteners, as well as the cold-deformed rebars for the manufacture of various…
DetailsA new player has appeared on the gold-extraction market of Sverdlovsk region. Severouralskaya Mining Company LLC has received a license to prospect and mine gold at the Vilyuiskaya field. The C1 reserves are estimated at 206 kg, and C2 – 377 kg of ore gold. The company has paid 118 million rubles for the right…
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