The price of one ounce of gold increased by 38.2925 manats or by 1.9% last week in Azerbaijan. Accordingly, the average price of one ounce of gold stood at 2,037.1134 manats. The price of one ounce of silver grew by 0.1437 manats or by 0.58%, to 24.5394 manats. The price of one ounce of platinum…Details
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Prices of gold, silver and platinum increased in Azerbaijan on October 15, according to the data published by the Central Bank. The price of gold grew by 44.0205 manats, to 2,077.6295 manats per ounce on October 15 compared to the price on October 12. The price of silver went up by 0.0919 manats, to 24.8843…Details
Zaporozhye Titanium and Magnesium Works has ordered the Khimvector LLC the delivery of ilmenite valued at 20.7 million UAH. This year the company has to deliver 3 thousand tons of ilmenite concentrate according to TU U 13.2-30912734-001:2011 with the undisclosed content of TiO2 at 6900 UAH or $244 per ton to the Zaporozhye Levoye station.…Details
VSMPO-Avisma is reconstructing the sludge pipelines from the sludge tanks. The project was entered into the investment plan back in 2016. The company has created a new dam and used 12.8 thousand cubic meters of rock to make it. The sludge pipelines are 518 meters long. One line has already been tested and commissioned. The…Details
Power-generating coal output in Krasnoyarsk region in January-September grew by 26% YoY, to 780 thousand tons. Coal in the region is mined at the Sayano-Partizanskiy pit, an asset of SAFMAR. Taking into account favorable market situation, this year the pit could for the first time in its 15-year history reach the annual output of 1…Details
The Board of Directors of MMC Norilsk Nickel, the world’s largest refined nickel and palladium producer, has set the Extraordinary General Meeting of shareholders (EGM) date on September 19 and the EGM record date (the list of shareholders eligible to vote) on August 27. The Board of Directors has recommended for the EGM approval of…Details
The general meeting of Nord Gold SE, the internationally diversified gold producer, was held on September 28, at the offices of Celtic Resources Holdings Limited, Fetcham Park House, Lower Road, Fetcham, Leatherhead, Surrey, KT22 9HD. At the meeting, the resolutions set out in the notice of the meeting were proposed and passed on a poll.…Details
In January-September Interpipe Steel increased steel output by 13.7% YoY, to 738 thousand tons. According to a company representative, in September production totaled 77 thousand tons. Round billets output in 2017 was 850 thousand tons, up by 38% YoY. (Ukrainian metal)Details
A set of hi-tech measures allowed Zaporizhstal considerably decreasing the terms of ecological reconstruction of the blast furnace No. 3 – from 2 years to 8 months. According to the company capital construction and investments director Alexei Lebedev, BIM-technologies helped unite 15 thousand two-dimensional drawings, remove over 11 thousand errors at the design stage and…Details
Gold output of Magadan region increased by 14.98% YoY, to 29.722 tons in January-September, a representative of the regional government’s natural resources department reported. Ore gold output rose by 34.96%, to 14.235 tons, and alluvial gold production increased by 1.2%, to 15.488 tons. Silver output fell by 7.04%, to 538.313 tons in the period. Magadan…Details
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has extended the deadline for investors to wind down business with Russia’s En+ Group and aluminum giant UC RUSAL until December 12. The deadline for termination of contracts with GAZ Group remained on October 23. RUSAL shares and Global Depositary Receipts of En+…Details
A gas blowout occurred at the Centralnaya mine in the city of Toretsk resulting in the death of a miner. According to the commissioner of human rights in Donetsk and Lugansk regions Pavel Lisyanskiy, the accident happened late on October 11. There was a gas kick in the shaft and the cave-in of coal. One…Details
In October the state enterprise Vostochniy Mining and Processing Works will put into operation a sulfuric acid warehouse with the capacity of 5 thousand tons. This will increase the stocked volumes of the acid and the terms of uninterrupted operation of the sulfuric acid machine. In 2017 VostGOK decreased uranium concentrate output by 16.8% YoY,…Details