Gold output of Magadan region increased by 14.39% YoY, to 358.961 tons in January-June, a representative of the regional government’s natural resources department reported. Ore gold output rose by 25.52%, to 9.062 tons, while alluvial gold fell by 3.38%, to 4.37 tons. Silver output dropped by 2.82%, to 358.961 tons in the period. Magadan region’s…Details
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The prices for main precious metals in Azerbaijan decreased on July 12, according to the data published by the Central Bank. The cost of gold decreased by 10,931 manats, to 2115,9645 manats per ounce, compared to the price on July 11. The cost of silver decreased by 0,1883 manats, to 26,914 manats per ounce. The…Details
Geologists calculated how much Kyrgyzstan might get from the development of deposits, Duishenbek Kamchybekov, the First Deputy Chairman of the Association of Miners and Geologists, reported. According to him, Issyk-Kul region may receive $9.4 billion from development of deposits, Talas – $1.5 billion, Chui – $1.8 billion, and Jalal-Abad – $9.2 billion. “Batken region is…Details
Kyrgyzstanis should understand that the mining industry would help to develop the regions, the President of the Association of Miners and Geologists of the Kyrgyz Republic Orozbek Duisheev declared. According to him, Kyrgyzstan is rich in natural resources, but the local population often opposes development of the deposits. “The president said that we needed to…Details
The Cabinet of Ministers has provided 324 million UAH to the coal industry, with the state enterprise Mirnogradugol getting 45 million UAH and Selidovugol – 68 million. Selidovugol received the most in order to support the recently appointed CEO Alexei Klimchenko and ease the labor tension. 15 million UAH will be spent to pay the…Details
The miners insist on approving the draft law on amendments to the decree “On the state budget of Ukraine in 2018” to provide 2.8 billion UAH to the coal industry. “This will allow us buying machinery and equipment and keep jobs”, Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, said. The miners…Details
In January-June Elgaugol LLC mined over 2.5 million tons of coal in the South Yakutia, up by 31% YoY. Coal processing increased by 19%%, to 1.26 million tons. Sales grew by 38%, to 1.9 million tons. “We are maintaining the good working pace that we have gained earlier in the year. Our task is to…Details
In January-June the average delivery time of ferrous scrap to metal companies by Russian Railroads totaled 5.1 days, up by 17.2% YoY. At the same time for the batches not exceeding 260 tons (77% of all shipments) the delivery time was 5.37 days, up by 17.7% YoY. The batches of more than 1 thousand tons…Details
In January-June Zlatoust Electrometallurgical Works mastered the manufacture of several new alloys and rolled metal types. In particular, in February ZEMZ started manufacturing a new heat-resistant alloy on the iron-nickel basis. In the same month the company mastered the manufacture of slabs with the size of 140×450 mm of an exceptionally hard alloy on the…Details
Miners of the state enterprise Mirnogradugol have stopped working because of the salary debts. In particular, the mine Kapitalnaya, which employs 3500 miners, stopped operating. According to Mikhail Volynets, the chairman of the Independent Miners Union of Ukraine, the wage debts at Mirnogradugol reach 90 million UAH. Later miners from the Central mine and the…Details
Corum will produce a special scraper for the Osinnikovskaya mine. The machinery is expected to be supplied by the end of the year. “This is the first scraper for Kuzbass, and we are sure it will pave way for the new stage of operations on this strategic market”, Corum Group manufacturing director Alexander Dyatlov said.…Details
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)Details