In January-November Susumanzoloto extracted 5603.4 kg of gold with the plan being 5257 kg. The group enterprises are developing ore and alluvial gold sites in Magadan region and the Republic of Sakha (Yakutia). In particular, Drazhnik LLC yielded 1803.6 kg of gold, Chay-Urya zoloto LLC – 852.1 kg, Itkana LLC – 560.1 kg, Astra LLC…Details
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Tikhvin Ferroalloys Works, a part of Yildirim Group, has transferred the exclusive rights to sell high-carbon ferrochromium in Russia to Klyuchevsky Ferroalloys Works, a part of MidUral Group. The high-grade ferrochromium is sold not only in Russia, but is also exported to Europe, USA, Japan and China. The new contract is an important step in…Details
On November 30 – December 6 the metal price index in Central region dropped by 2.17 points (or by 0.37%), to 587.65. Prices grew for hot-rolled sheet (by 0.39%) and for cold-rolled metal (by 0.26%). Rebars showed the most drop – by 1.71%, followed by beams (1.1%). Flat galvanized rolled metal lost 0.88% in price,…Details
In January-November Ukraine exported 320 thousand tons of scrap, down by 28.6% YoY. In November exports amounted to 3.8 thousand tons. At the same time deliveries of scrap to local metal plants grew by 17.4%, to 3.04 million tons in 11 months. (Ukrainian metal)Details
This year ArcelorMittal Kriviy Rih has started a program on large-scale repair of buildings and structures. According to the company press-service, the program will last for 3 years – 2018-2020. This year 265 million UAH have been invested in the program. Next year the expenses will amount to 165 million UAH, and during 3 years…Details
In January-November Ukraine mined 30.687 million tons of coal, down by 4.6% YoY. According to the Ministry of Energy and Coal Industry, coking coal output dropped by 14.2%, to 5.321 million tons, and power-generating coal by 2.3%, to 25.151 million tons. In November coal mining fell by 9.7% YoY, to 2.785 million tons. In 11…Details
Energomashspetsstal will produce 15 rotor rolls for wind plants with the capacity of 4.5 mW for Furlander Windtechnologie. “15 wind plants will be constructed near the city of Kramatorsk by Furlander Windtechnologie. The construction will last for 3 years”, the company said. The total weight of rolls will be 415.5 tons. They are scheduled to…Details
Precious metal prices increased in Azerbaijan on December 10, according to the Central Bank. The price of gold grew by 15.521 manats, to 2,123.6145 manats per ounce on December 10 compared to the price on December 7. The price of silver went up by 0.1844 manats, to 24.8128 manats per ounce. The price of palladium…Details
The price of one ounce of gold increased by 24.82 manats or by 1.19% last week in Azerbaijan, to 2,100.2599 manats. The price of one ounce of silver grew by 0.02864 manats or by 1.18%, to 24.5545 manats. The price of one ounce of platinum decreased by 38.658 manats or by 2.8%, to 1,357.7339 manats.…Details
Azerbaijan will receive about 10 billion manats from the development of Filizchay, one of the biggest polymetallic deposits in Europe, Chairman of the Board of AzerGold CJSC Zakir Ibrahimov declared. He said earlier it was assumed that the revenues from the development of this field would amount to 6 billion manats, but recent studies had…Details
Azerbaijan: AzerGold reveals gold and silver extraction value from aboveground part of Chovdar deposit
Since the beginning of its activity AzerGold CJSC has extracted 105,000 ounces of gold and 155,000 ounces of silver at the aboveground part of the Chovdar deposit, Zakir Ibrahimov, chairman of the company, declared. He said that revenues from the sale of these precious metals exceeded 230 million manats. He noted that it was also…Details
The Geopromining project to construct a factory to process silver-polymetallic ore at the Verkhne-Menkeche deposits in the Republic of Sakha (Yakutia) has been approved. The capacity of the factory will be 300 thousand tons. At present the ore from the deposit is processed at the Serebro Magadana (Polymetal). The reserves of the deposit are 1200…Details
A group of people’s deputies have asked the chairman of the Council of the National Security and Protection Alexander Turchinov to include Demurinsky Mining and Processing Works (Dnipro) into the sanction list of Russian enterprises. “Ilmenite, the raw material to manufacture the main war metal – titanium – Russia buys mostly from Ukraine. This titanium…Details