In January Magadan region extracted 2199.9 kg of ore gold and 53.5 tons of silver, Gold output grew by 67% YoY, mostly because of the growth of capacities at Pavlik and Natalka mining and processing works. Silver extraction dropped by 1.1%. This year the region intends to mine 40 tons of gold, up by 8.7%…Details
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Boguslavets LLC intends to put the Malo-Tarynskoye gold ore deposit in operation and produce the first gold in spring 2020. This year prospecting work will continue. Design and construction of the manufacturing site will also be carried out this year. After commissioning the annual output is planned on the level of 2 tons of gold.…Details
In January Russia produced 4.4 million tons of pig iron, down by 4% YoY and by 1.4% MoM. According to Rosstat, rolled metal output dropped by 4.5% MoM, to 5.1 million tons. Pipe manufacturers decreased output by 7.7% YoY and by 10.7% MoM, to 0.882 million tons. (Ukrainian metal)Details
In January Ukrainian by-product coke plants imported 1.01 million tons of coking coal and coal concentrate, down by 2% MoM, but up by 11% YoY. In December 2018 coal imports totaled 1.03 million tons, as in November 2018. Local coal deliveries dropped by 8% MoM and by 9% YoY, to 250 thousand tons. In general,…Details
In January Ukrainian by-product coke plants produced 896 thousand tons of 6% moisture coke, down by 5.9% YoY. In December 2018 coke production was 924 thousand tons, up from 917 thousand tons in November 2018. Imports grew to 59 thousand tons in January from 28 thousand tons in December 2018. In October-November 2018 Ukraine did…Details
In January Ukrainian metal companies decreased natural gas consumption by 3% MoM and by 8% YoY. In December 2018 gas consumption grew by 13% MoM, to 170 million cubic meters. Electricity consumption in January was 1.01 billion kW-h, down by 1% MoM and by 6% YoY. (Ukrainian metal)Details
The Far Eastern Shipbuilding and Ship Repair Center (FESRC) Zvezda may begin using Russia-made steel instead of foreign with Magnitogorsk Iron and Steel Works (MMK) and Amurstal among the supplier options. Currently, steel for Zvezda is delivered from South Korea. In 2016, Rosneft and Ural Mining and Metallurgical Company (UMMC) established a joint venture to…Details
Starting from this week, new vehicle KrAZ-63221 that will deliver ArcelorMittal Kriviy Rih miners to workplaces at open pits and remote dumps has been released on the roads. In total, 5 such vehicles are used for these purposes in Mining Department, and the entire fleet of crew change vehicles at the plant amounts to 26…Details
The prices of precious metals increased on February 18. The price of gold grew by 18.258 manats, to 2,250.2900 manats per ounce compared to the price on February 15. The price of silver went up by 0.3925 manats, to 26.8884 manats per ounce. The price of platinum increased by 35.7 manats, to 1,370.2850 manats, and…Details
Contractor has completed reclamation work at the tailing dump in Kadzhi-Sai village and is working on the commissioning of the object. The information was voiced during a meeting of the First Deputy Prime Minister of Kyrgyzstan Kubatbek Boronov with representatives of Rosatom Corporation. Kubatbek Boronov met with representatives of the Russian State Atomic Energy Corporation…Details
The price of one ounce of gold increased by 3.2385 manats or by 0.15% last week in Azerbaijan, to 2,228.5198 manats. The price of one ounce of silver dropped by 0.2999 manats or by 1.1%, to 26.6794 manats. The price of one ounce of platinum decreased by 14.671 manats or by 1%, to 1,341.3051 manats.…Details
Russian tycoon Alexei Mordashov plans to give 65% of his gold producer Nordgold valued at $850-900 million to his sons Kirill and Nikita. “The key goal of the changes is succession, to bring Kirill and Nikita up to date and give them knowledge and experience in business management,” Mordashov said, adding that he would remain…Details
On February 25 the meeting of the shareholders of the Dneprovsky Iron and Steel Works will approve attracting a loan of 30 million UAH from Oschadbank. Most probably the money will be spent to finance the construction of the continuous casting machine. The project was announced back in 2017. This is the largest investment project…Details