The president of Uzbekistan Shavkat Mirziyoeyev has increased the subsoil use tax when mining for non-ferrous and precious metals on average 5-fold. The corresponding announcement has been published on the site of the National legislation database. The copper mining tax grew from 8.1% to 30%, metallic zinc – from 4% to 20%, gold from 5%…Details
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The Corporation of the Far East Development received 24 offers on investment cooperation in the free port of Vladivostok. Three of them were submitted by the potential residents of the Chukotka Autonomous District. In particular, the Ugolnaya Mine intends to purchase new equipment, machinery and spare parts, thus improving the coal mining capacity at the…Details
Vostochniy Mining and Processing Works and Sumykhimprom cannot satisfy the real demand of the mining and metallurgical companies in sulfuric acid. According to the letter of Ksenia Lyapina, chairwoman of the State Regulatory Service, to the prime minister Vladimir Groysman and the first vice minister Stepan Kubiv, the shortage of the sulfuric acid on the…Details
Kamensk-Uralsky Iron and Steel Works has put into operation the roughing stand of the new hot-rolling mill. Now the company is able to produce plates with the thickness of 10-210 mm, width of 3 meters and the length of 32 meters. The stand has been commissioned under the rolling complex project with the capacity of…Details
Since the start of the washing season Omega LLC has extracted 250 kg of alluvial gold. The company is operating in the Republic of Sakha (Yakutia). This year the company is working at three sites, but the main amount of gold was obtained at the Lazo deposits. In 2018 Omega intends to extract 300 kg…Details
Komsomolskaya mine of Vorkutaugol has put into operation a new long face 612 with the reserves of 821 thousand tons of coal. The length of the face is 300 meters, and the width – 2.2 meters. The long face will be developed until April 2019. (Ukrainian metal)Details
This year Ural Mining-Metallurgical Company intends to improve output. In particular, it expects to produce 390-400 thousand tons of cathode copper. In H1 the company produced 190-200 thousand tons. Zinc output is forecast on the level of 280 thousand tons, ferrous metals – 1 million tons, and coal – 45-46 million tons. (Ukrainian metal)Details
Pravormiyskoye enterprise will construct a mining and processing works on the territory of quick development in the free port of Vladivostok. The reserves of the deposits are estimated at 120-150 thousand tons of tin. When the enterprise reaches design capacity, it will be able to completely cover the domestic demand in tin. Tin Ore Company…Details
In January-June Russia produced 25.9 million tons of pig iron, up by 0.5% YoY. According to the Federal Service of State Statistics, in June output grew by 0.5% YoY and by 0.1% MoM. Rolled metal output increased by 2.8% YoY in 6 months, to 31 million tons. In June output dropped by 4.5% MoM, but…Details
Prices of precious metals in Azerbaijan varied on July 24, gold and silver fell in price, while platinum and palladium rose, according to the data published by the Central Bank. The price of gold decreased by 21,556 manats, to 2072,5635 manats per ounce on July 24, compared to the price on July 23. The price…Details
The mine named after Stashkov (DTEK Dneprovskoye Mine Group) has put into operation a new breakage face. This is the second long face prepared for operation this month. The reserves of the long face 5023 are over 250 thousand tons of coal. The long face will be in development till the end of the year.…Details