In January Chukotka extracted 1763 kg of gold, up by 6% YoY. Silver output dropped by 12%, to 7.6 tons. Kinross Gold accounted for almost all the output – 1169 kg of gold and 7.4 tons of silver. Mayskoye produced 369 kg of gold, Rudnik Valunistiy – 33.2 kg of gold and 237 kg of…
DetailsIn H2 Polymetal Int plans to start developing the Primorskoye gold ore deposit in Magadan region. Excavation will start in Q4. The ore mined will be transported to be processed at the Lunnoye deposit factory, and a part will be exported. Primorskoye deposits amount to 3 tons of gold and 700 tons of silver. Annual…
DetailsLast week, the price of one ounce of gold increased by 8.4 manats ($4.9) or by 0.3%. Accordingly, the average price of one ounce of gold stood at 2,671 manats ($1,571). The price of one ounce of silver decreased by 0.1 manats ($0.05 cents) or by 0.3%, to 30 manats ($17.6). The price of one…
DetailsIn January Druza LLC produced 80 kg of gold, up by 17% YoY. At present the company is working at the Nevskoye deposit in Irkutsk region only. Alluvial gold season will start in May. This year Druza intends to extract at least 1100 kg of ore gold. Alluvial gold output plans are not revealed. Last…
DetailsLast year Evraz Metal Inprom increased services revenue by 10%. Being the main supplier of structural steel, the company is focusing on increasing processing services. In spring the company will launch a servicing center in Noginsk as well as start designing a center in Nizhniy Tagil. (Ukrainian metal)
DetailsThe Arbitrary court of Tambov region has prolonged the bankruptcy procedure at the Stroystal – Tambov Metal Structures Works. The bankruptcy procedure has been lasting for some 5 years. The main creditor is Sberbank. The TZMK owners refute criminal aspect of the bankruptcy and name Sberbank’s double increase of loan rates in 2014 as the…
DetailsOn February 14, a new protest rally was held in the town of Ugledar because the state enterprise Yuzhnodonbasskoye Mine Group No. 1 was cut off grid and stopped operations due to electricity debts. The state enterprise miners were joined by their colleagues from the Mine named after Surgay and local citizens. The miners blocked…
DetailsThe total amount of taxes and fees paid by ArcelorMittal Kriviy Rih amounted to almost UAH 8.7 billion in 2019. Of the total amount of taxes and fees, direct payments to budgets of various levels account for UAH 3.3 billion, the share of VAT paid at customs made almost UAH 4.4 billion, and for social…
DetailsThe state enterprise Mirnogradugol has concluded an agreement with the Obogatitel Industrial Company LLC to process coal valued at 101.25 million UAH. This year the company has to process 750 thousand tons of coal with the highest ash content of 55% into coal with the ash content of 28% at 135 UAH per ton. In…
DetailsThe main mine fan of the state enterprise Yuzhnodonbasskoye Mine Group No. 1 has been switched off. The main machinery for water pumping is also being shut down. As a result, in several hours the lower horizon of the mine could be flooded, which could flood the nearby Mine named after Surgay. Yuzhnodonbasskoye is one…
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