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Lithuanian and German law enforcement detained 30 suspects in operation targeting illicit traders in precious metals, with over 1 million euros seized in cash. “Coordinated measures have been taken in Germany and Lithuania, officers have seized 1.03 million euros in cash,” Darius Valkavičius, a chief prosecutor at the regional prosecutor’s office in Kaunas, Lithuania’s second-largest…
DetailsBelarus Iron and Steel Works has signed agreements to supply metal products valued at $40 million to Russia. The company has participated in the MetalExpo exhibition, where the corresponding contracts have been signed. In particular, Russian companies were interested in purchasing seamless pipes, rolled wire, structural rolled metal and wire. Russia is the main importer…
DetailsDarasunsky Mine LLC has created an enterprise in Zabaikalye region – Talatuysky Mine LLC. The company owns 95% in the new enterprise, and Vulkan LLC – another 5%. The main activity of the enterprise is extraction of precious metals ore and sands. Darasunsky Mine LLC owns a license to mine for gold and silver at…
DetailsSouth Caucasus Railroad CEO Sergey Valko and GeoProMining president Roman Khuoliy have signed an agreement of cooperation to transport gold-bearing ore from the Sotskoye deposit to the Ararat gold-extracting factory in 2020. This year it is planned to transport 1.5 million tons of ore en route Zod-Ararat, up by 15% YoY. Next year the transportation…
DetailsIn September Russia exported 8.2 thousand tons of copper rolled wire, down by 50.5% MoM and by 46% YoY. Deliveries to Kuwait dropped from 5.6 thousand tons in August to 3.1 thousand tons. Exports to Belarus decreased by 14%, to 1 thousand tons, and to Egypt – by 40%, to 478 tons. In 9 months…
DetailsThe Union of gold manufacturers believes that in 2019 Russia will produce 350 tons of gold, up by 6% YoY. The previous forecast was 340 tons, up by 3% YoY. In January-June Russia increased gold output by 11% YoY, to 142 tons. (Ukrainian metal)
DetailsNext year Electrostal Tyumeni intends to increase its portfolio of rolled metal products. In particular, the company will start producing strips and angles of lesser size. Another UGMK-Stal company – Nadezhdinsky Iron and Steel Works – has developed a program to produce quality bearing steel. The combined output of two companies is some 1.1 million…
DetailsSeverstal intends to decrease CO and CO2 (greenhouse gas) emissions by implementing a new technique to process iron ore concentrate at Olenegorsk Mining and Processing Works. The ecological effect will be reached by increasing the quality of the iron ore concentrate produced at Olkon. High iron content allows decreasing the usage of fluxes (limestone) in…
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