Precious metal prices varied in Azerbaijan on November 29, according to the data published by the Central Bank. The price of gold increased by 17.6885 manats, to 2,082.721 manats per ounce on November 29 compared to the price on November 28. The price of silver grew by 0.3613 manats, to 24.4248 manats per ounce. The…Details
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The company Ametistovoye has won an auction to use the Ivolga ore gold and silver deposits. The deposit is situated in Kamchatka close to the Ametistovoe Mining and Processing Works. The size of the Ivolga site is 206.38 square km. According to the auction documentation, the R2 resources are estimated at 9 tons of gold…Details
Zagorsky Pipe Works is starting a project to develop transport logistics of Moscow region. The project includes the commission of the new railroad line to connect two existing lines. The first line is from the plant o the Buzhaninovo station and the second from the Sergiev-Posad Glassware Works to the Naugolnaya station. The project will…Details
Metalloinvest has continued implementing its project to modernize Pellet Plant No. 3 (PP-3) at Mikhailovsky GOK. The first stage of modernization was carried out on PP-3’s operational design in order to increase the efficiency of pellet production from mixes of iron ore concentrates from Mikhailovsky GOK and Lebedinsky GOK. As a result, PP-3’s productivity grew…Details
Russian gold producer Polymetal International has consolidated 100% the Nezhdaninskoye in gold ore deposit, after buying an 82.3% stake from companies owned by businessman Ivan Kulakov, Polymetal said in a report on November 29. The purchase encompassed two deals: the acquisition of 7% for $8 million in cash under a deal announced on July 17,…Details
NLMK-Kaluga has set a new manufacturing record – 166 smeltings with one ladle. Measures to increase the number of smeltings, together with other projects to improve manufacturing efficiency, allowed the company saving over 450 million rubles in Q3. The smelting record was set in November. The time of continuous casting was 115 hours. The total…Details
Kyshtym Electrolytic Copper Plant has mastered the shipping and transportation of goods to the seaports of St. Petersburg and Novorossiysk using container train. Previously the company shipped cargo via railroad using groups of containers. The container train is faster (900 km per day instead of 500 km per day), as it heads directly to the…Details
Since the start of the year Seligdar has produced 5512 kg of gold, up by 27.7%, or by 11194 kg YoY. In July for the first time the company produced over 1000 kg of gold in one month. The increase in output is the result of investments in increasing manufacturing capacities. In July 2017 Seligdar…Details
Yakutugol is commissioning two filter-presses and three pumps at the Neryungrinskaya processing factory. Investments exceed 37 million rubles. Each press can process 24 tons of coal mass per hour. The company plans to buy 5 more pumps shortly. (Ukrainian metal)Details
Cherepovets Iron and Steel Works has finished the capital repair of the continuous picking machine No. 3. The repair lasted for 5 days. Investments totaled 17 million rubles. The continuous picking machine No. 3 processes some 50% of the plants metal. (Ukrainian metal)Details
ArcelorMittal Kirviy Rih says the company is operating in normal mode and all the manufacturing processes are stable. “Managers of the supply, manufacture, railroad, automobile and marine logistics departments confirm stable operation. The railroad and automobile services are working normally, and so is our own cargo terminal “Nikmet-Terminal” in the Nikolayev Sea Trade Port, from…Details
Precious metal prices varied in Azerbaijan on November 28, according to the data published by the Central Bank. The price of gold decreased by 12.3165 manats, to 2,065.0325 manats per ounce on November 28 compared to the price on November 27. The price of silver dropped by 0.1479 manats, to 24.0635 manats per ounce. The…Details
The gold-extracting company the Krivbass Team LCC has finished the washing season of 2018 with 602 kg of gold. The main company accounted for the most gold – 558 kg. The rest (44 kg) was extracted by the daughter company – The team named after Berzin LLC. The company is developing alluvial gold sites in…Details