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Threat of coronavirus does not affect price of gold in Azerbaijan According to forecasts and researches of international financial institutions, prices of precious metals in Azerbaijan remain stable amid rising prices in the world associated with the threat of coronavirus, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov has said at a company’s…
DetailsAzerGold CJSC, Azerbaijani leading mining company, plans to start mining at the Aghyokhush and Marah ore fields, discovered by the company geologists, in 2021, Chairman of the Executive Board of AzerGold CJSC Zakir Ibrahimov said at the company’s press conference on the results of 2019. Ibrahimov added that the potential of reserves of the Aghyokhush…
DetailsTurkey’s steel exports to Uzbekistan decreased in January, the Turkish Trade Ministry reported. Turkey steel exports to Uzbekistan exceeded $3.2 million in January, down by 38.72% YoY. Steel exports from Turkey to Uzbekistan decreased by 14.8% YoY in 2019, to $56.8 million. (Trend/Ukrainian metal)
DetailsThe volume of gold extracted in Azerbaijan last year compared to the results for 2018 increased by one fifth (21.3%) and silver – by one third (33.2%), Zakir Ibrahimov, Chairman of the Executive Board of AzerGold CJSC, said at the company’s press conference on the results of 2019. Despite that last year the company planned…
DetailsAzerGold CJSC, an Azerbaijani company that extracts, processes and sells gold and silver, plans to start mining at the Chovdar ore field as part of the surficial (sulfide) phase, Chairman of the Executive Board of AzerGold Zakir Ibrahimov has said at a company’s press conference on the results of 2019. Ibrahimov added that the confirmed…
DetailsAmong the EAEU members Armenia is leading by the growth in mining industry and the industrial sector. In 2019 the industry grew by 9%, and the mining sphere – by 23.9%. Kyrgyzstan demonstrated the industry growth of 6.9% and mining – 11.8%. It is followed by Kazakhstan (3.8% and 3.7% respectively), Russia (2.4% and 3.1%)…
DetailsIn 2019, stainless steel consumption in Russia increased by 27 tons YoY, to 497807 tons. Compared with 2017 the result grew by 5.5%. In Q1 2019 stainless steel consumption went up by 0.8% YoY, in Q2 it decreased by 6.7%, in Q3 – by 0.5%, but in Q4 grew by 6.4%. Flat cold-rolled metal consumption…
DetailsIn 2019 coal output in Buryatia increased by 35.4% YoY, to 7.161 million tons. Nikolskoye coal deposit, developed by Razrez Tugnuiskiy, accounted for the largest volumes. The company extracted 4.332 million tons of coal, up by 89%. Until 2021 the company intends to start mining 16 to 18 million tons of coal per year due…
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