Uzbekistan and India have signed an agreement on long-term uranium supplies. President of Uzbekistan Shavkat Mirziyoyev and Prime Minister of India Narendra Modi held a meeting in the framework of the Dynamic Gujarat International Summit on January 18. “Uzbekistan jointly with Indian partners will create a technopark of advanced information technologies in Tashkent and a…Details
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The prices of precious metals decreased in Azerbaijan. The price of gold dropped by 18.1135 manats, to 2,178.312 manats per ounce on January 21 compared to the price on January 18. The price of silver fell by 0.4028 manats, to 26.0235 manats per ounce. The price of platinum went down by 23.4855 manats, to 1,359.575…Details
Uzbekistan will create a unified state enterprise for extraction and processing of uranium in the near future. The state enterprise will be organized using the Navoi Mining and Metallurgical Combine’s assets. Nowadays, Navoi MMC ranks seventh in uranium mining and production of nitrous oxide in the world. It is the sole operator in Uzbekistan engaged…Details
The State Duma committee on budget and taxes has provided for the first reading a draft law to stimulate the mining of rare earth metals. It will also help develop Yakutia economy. The draft law presupposes decreasing tax on the mining of natural resources when extracting rare earth metals. The bill could come into effect…Details
In 2018 Gornyak-1 LLC mined 1.311 million tons of coal in Sakhalin region, down by 4% YoY. The company operated at 4 license sites. The Khandansinskiy-Semirechenskiy site of the Pobedinskaya field yielded the most coal – 826.2 thousand tons. 378.8 thousand tons were mined at the Ivanovskiy site of the Gornozavodskoye deposit. The Gradskiy site…Details
In 2018 Boshnyakovsky Coal Pit LLC mined 880.3 thousand tons of coal in the Sakhalin region. The volume of rock removed was 18.7 million cubic meters. The work was carried out at the Soldatskiy-1 and Onnayskiy sites of the Boshnyakovskoye coal deposit. The output dropped by 2.3% YoY. The company owns 3 licenses to develop…Details
The price of one ounce of gold increased by 2.4395 manats or by 0.11% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,194.734 manats. The price of one ounce of silver decreased by 0.028 manats or by 0.11%, to 26.4918 manats. The price of one ounce of platinum…Details
In 2018 the Razrez Stepnoy pit, a part of Russkiy Ugol, mined over 4.2 million tons of coal in Khakasia. 3.4 million tons were processed at the factory. The pit employs over 1 thousand locals. The enterprise was founded in 1993. In more than 25 year of operation it has mined over 63 million tons…Details
Energomashspetsstal has presented rolls for the new hot-rolling mill-2200 of ArcelorMittal Lazaro Cardenas (Mexico) to the customer – Primetals Technologies (Austria). The corresponding agreement was concluded in April 2018. Under the contract EMSS has supplied 12 supporting rolls with the total weight of 508 tons. This is the first batch of rolls. According to the…Details
In 2018 Ukraine exported 15.04 million tons of ferrous metals via ports, up by 6.7% YoY. In particular, pig iron exports grew by 30.7%, to 2.977 million tons. At the same time rolled metal exports dropped by 2.5%, to 8.903 million tons and scrap by 1.7%, to 81.05 thousand tons. Iron ore exports decreased by…Details
On January 11-18 metal prices in the Central region dropped by 5.9 points, or by 1.03%, to 567.7. Rebars saw the largest decrease – 2.84%. Rounds lost 1.55%, electric welded pipes – 1.53%, and beams – 0.88%. The price of channel fell by 0.38%, galvanized flat metal – by 0.13%, and hot-rolled sheet – by…Details