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Russia: ferrous scrap exports up in May 2018

scrapBy admin11.07.2018Leave a comment

In May, according to customs statistics, Russia exported 619.4 thousand tons of ferrous scrap, up by 57.2% YoY. In January-May scrap exports reached 2.3 million tons, up by 43.2% YoY. (Ukrainian metal)

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Russia: Rosgeologia to look for gold in Magadan region

goldBy admin11.07.2018Leave a comment

Rosgeologia will prospect for ore gold within the Deryas-Yuryaginskaya field. The field is situated in Magadan region. The total size of the prospecting work is 69 square km. The project is to be finished by 2021. (Ukrainian metal)

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Russia: Gaysky GOK commissions floatation machine

Gaysky GOKBy admin11.07.2018Leave a comment

Gaysky Mining and Processing Works has put into operation the floatation machine No. 17 in the floatation department of the processing factory. The work to assemble the machine began earlier this year. The modernization of the floatation department started in 2011. (Ukrainian metal)

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Russia: Severstal Steel Ropes finishes another stage of modernized rope manufacture

Severstal Steel RopesBy admin11.07.2018Leave a comment

Severstal Steel Ropes Volgogradskiy subsidiary has finished another stage of modernization, having commissioned the steel rope and stranding machine, as well as machinery to test ropes. The first stage saw the assembly of the three drawing machines, extrusion line and the machine to produce large diameter steel ropes. (Ukrainian metal)

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Ukraine: Ferrexpo GOKs pay 550 million UAH to the budget in Q1 2018

FerrexpoBy admin11.07.2018Leave a comment

In January-March Ferrexpo enterprises (Poltava, Yeristovo and Belanovsky Mining and Processing Works) paid 550 million UAH of taxes to budgets of all levels. In particular, PGOK paid 464 million UAH to the budget, EGOK – over 84.2 million UAH and BGOK – 2.3 million UAH. PGOK paid 52 million UAH to the city budget, 58…

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Russia: China to build rolling plant in Primorye region

metal industryBy admin11.07.2018Leave a comment

The trading-industrial group Bi Shi (China) intends to create the manufacture of steel plate for shipbuilding industry with the capacity of 1 million tons per year in the Primorye region. The investors also plan to construct a by-product coke plant and a power plant. Investments will total $1-1.5 billion. The construction will last for 5…

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Azerbaijan: precious metals prices down on July 11, 2018

precious metalsBy admin11.07.2018Leave a comment

The prices of the main precious metals in Azerbaijan decreased on July 11, according to the data published by the Central Bank. The cost of gold decreased by 13.4385 manats, to 2126.8955 manats per ounce, compared to the price on July 10. The cost of silver decreased by 0.3098 manats, to 20.7825 manats manats per…

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Belarus: BelAZ to create robot system for open pit mining

miningBy admin11.07.2018Leave a comment

The Belarusian heavy vehicles manufacturer BelAZ, VIST Group, and Region 24 have signed a trilateral agreement on creating a robot system for mining operations. The document was signed during the international trade fair Innoprom 2018 in Yekaterinburg, Sverdlovsk region, Russia, BelAZ representatives reported. BelAZ specialists are hard at work creating new mining vehicles to meet…

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Azerbaijan: developing Chovdar gold deposit to bring 300 million manats

goldBy admin11.07.2018Leave a comment

It is planned to receive revenues in the amount of about 300 million manats as a result of the sale of an additional 129,000 ounces of gold and 202,000 ounces of silver, which will be produced during the development of the ground surface ore layer at the Chovdar field, which will be completed in 2021,…

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Azerbaijan: gold and silver rise in price on July 10, 2018

precious metalsBy admin11.07.2018Leave a comment

The prices of the main precious metals varied on July 10, according to the data published by the Central Bank. The cost of gold increased by 0.1275 manats, to 2140.334 manats per ounce compared to the price on July 9. The cost of silver increased by 0.0059 manats, to 27.4121 manats per ounce. The cost…

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Ukraine: ZZhRK iron ore output up in H1 2018

Zaporozhye Iron Ore ComplexBy admin11.07.2018Leave a comment

In January-June Zaporozhye Iron Ore Complex increased iron ore output by 7.2% YoY, to 1.769 thousand tons with the target of 1.833 million tons. The company sold 1.872 million tons of iron ore, or 97.1% of the target. In May 352.1 thousand tons were mined, up by 3% from the target. This year the works…

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Ukraine: iron ore raw materials export-import in H1 2018

iron oreBy admin11.07.2018Leave a comment

In January-June Ukraine exported 18.224 million tons of iron ore raw materials, down by 5.6% YoY. According to the customs statistics, exports revenue grew by 1%, to $1.376 billion. Ukraine mainly exported to China (20.17%), Poland (14.77%) and Slovakia (13.46%). Imports totaled 9.05 thousand tons valued at $604 thousand, down by 95.5% and by 97.2%…

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Azerbaijan: AzerGold to get 3 billion mantas from Fizilchay

AzerGoldBy admin11.07.2018Leave a comment

AzerGold expects to receive an income of some 3 billion mantas from the development of the Fizilchay polymetal ore deposits. “The project will create over 2 thousand jobs”, the company director Zakir Ibragimov said. Fizilchay development is expected to start in October 2019. According to AzerGold, Fizilchay is the second largest deposits in Europe and…

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Russia: Chukotka gold and silver output down in H1 2018

gold, silverBy admin11.07.2018Leave a comment

In January-June Chukotka region obtained 11282 kg of gold, down by 4.4% YoY. Silver output dropped by 10%, to 58.1 tons. Out of the total gold output 11039 kg accounted for ore gold, down by 3%. Alluvial season started in the second half of June. Because of the bad weather, by July 1 only 243…

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