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The gold output of the Russian precious metals producer Polymetal International increased by 13%, to 1.216 million ounces in 2018, the company said in a statement on January 31. Silver production decreased by 6%, to 25.3 million ounces. The company’s total output in gold equivalent grew by 9% YoY, to 1.562 million ounces in the…
DetailsThis year TBEA (China) intends to start developing the gold mine Verkhiy Kumarg. The right to develop the deposit was granted to the company so that it returned investments in the construction of a heat and power plant in Dushanbe. The total cost of construction was $349 million, of which $17.4 million was the investment…
DetailsIn 2018 Kuzbassrazrezugol mined 48.4 million tons of coal, up by 1.2 million tons YoY, including almost 6.4 million tons of coking coal. 42.8 million tons were sold, with 30 million tons exported. Factories processed 41.8 million tons of coal. This year Kuzbassrazrezugol intends to increase coal mining by 2 million tons and exceed the…
DetailsIn 2018 Vysochaishiy mined the record volume of gold – 304.3 thousand ounces, up by 36% YoY. New objects, commissioned last year, improved the output results, in particular, Taryn in the Republic of Sakha and Ugakhan in Irkutsk region. They yielded 55 thousand ounces and 56.9 thousand ounces respectively. Another gold-mining record was set at…
DetailsLast year copper ore mining reached 103.2 million tons, up by 8.2% YoY. Copper concentrate output grew by 15.7%, to 12.9 million tons, and copper in copper concentrate – by 15.5%, to 580.6 thousand tons. At the same time copper-zinc ores mining dropped by 4.2%, to 4.8 million tons. (Ukrainian metal)
DetailsIn January-November 2018 Russia produced 290.3 tons of gold, up by 2% YoY. Mined gold output grew by 4%, to 243.89 tons. The manufacture of secondary and associated gold fell by 10%, to 14.43 tons and by 4%, to 31.98 tons respectively. Silver output grew by 8%, to 1 thousand tons. (Ukrainian metal)
DetailsIn Q4 2018 Nornickel nickel output was 62 thousand tons, up by 16% QoQ. In 2018 nickel manufacture grew by 1%, to 219 thousand tons. Of the company own raw materials the output was 217 thousand tons, up by 3%. Copper manufacture in Q4 2018 grew by 3%, to 124 thousand tons. In 2018 the…
DetailsIn order to improve competitiveness Azovstal is mastering the manufacture of new products. Among them are 300 mm thick slabs adapted to the requirements of customers from Europe and Asia. To produce them, one continuous casting machine in the converter shop has been modernized. So far the company has already shipped 10 thousand tons of…
DetailsThe subsidiary of Uralelectromed (Manufacture of polymetals) has received a new TGM6H-UGMK locomotive. This is the first locomotive in the new series. It has an 811-hp diesel engine. Unlike the previous versions of the locomotive (TGM-4B and TGM-6D) computer is monitoring its operation. From February the locomotive will be running at the Kalata station. (Ukrainian…
DetailsIn January Zagorsky Pipe Works has commissioned modern crane machinery. The company has spent 21 million rubles on modernizing its cranes. In particular, crane trolleys have been modernized. New extension arms have also been assembled. Due to modernization the new machinery can now get hold of a pipe in 40 to 70 seconds compared to…
DetailsCenterra Gold Inc., at the request of the Government of the Kyrgyz Republic, agreed to extend the First Longstop Date under the Strategic Agreement for Environmental Protection and Investment Promotion previously entered into with the Government of the Kyrgyz Republic on September 11, 2017, Centerra Gold Inc. reported. It is noted that the company and…
DetailsLydian Armenia CJSC (“Lydian Armenia”) has received formal notification from the Investigative Committee of the Republic of Armenia that pursuant to the criminal investigation into alleged withholding of information by employees of the Ministry of Environmental Protection, an international consultancy group, Earth Link, and Advanced Resources Development (“ELARD”) has been selected to review all subject…
DetailsIn 2018 Ferrexpo exported 10.287 million tons of pellets. In particular, Poltava GOK exported 7.61 million tons and Yeristovo GOK – 2.677 million tons. Pellets exports by Metinvest totaled 5.374 million tons (SevGOK – 3.136 million tons and CGOK – 2.238 million tons). Karelsky Okatysh (Russia) exported 5.293 million tons, Metalloinvest – 4.204 million tons…
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